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I don't think so. Consider the political power of Goldman.

"sufficient profits" ... on Wall Street these 2 words are not allowed to be used in the same sentence. Didn't you know that?

Had my Dell for almost 3 years ... never a (hardware) problem. Dual core, 4 monitors, running about 18 charts.

I was under the impression that the cash in a futures account (regular margin acct with futures permission) is swept into an SIPC-insured account nightly (I don't hold futures overnight), but I could be wrong. I am aware of the Lloyd's protection, but thanks for pointing out the other details...

Of course spreading it around for less exposure to any individual firm is the obvious answer. My problem is that I want to actively manage my retirement portfolio (IRAs), adjusting things sometimes as frequently as monthly. My first choice would be to use ETFs and trade through IB, but I...

Is your money more at risk at a Schwab, Ameritrade, or IB, whose stock could theoretically go to zero, than at say a Vanguard or Fidelity, which are not publicly traded? If so, then would simply keeping an eye on the price of the stock give you enough lead time to get out in the worst case scenario?

These things do work every single day, they just don't ALL work at the same time, taking each and every signal. But they do work, and the trick is to play the highest odds setups based on your market experience, and combine that with good money management (stops/targets/sizing).

So by the same reasoning, should stock traders have to take posession of chunks of the companies they buy too? If I buy some CVS or WAG, does that mean I should be stashing a bunch of mouthwash and Viagra at some point?

Fear is definitely a killer, no question. I think for me the Friday thing is just as much about complacency.

I have "coulda, woulda..."'s every day. Fridays I find it easier to let them go, which is further evidence of the problem.

I'm curious R., do you trade auto or discretionary? Makes sense what you say, most definitely if you're automated. Appreciate your sharing your experience.

You can have a "clear" strategy(ies), but have it not necessarily etched in stone to where you have to trade every signal. You have your setups, but you consider each in the context of the current market picture ... where are today's TL's, S/R confluence, what time is it when they're being...

Good points gentlemen. It's all about the mindset for the weekend. That falls into the category of emotion-based trading decisions, which we know are not allowed.

Clean break of R10. Although hitting intraday TL, I would guess we test p/d high 976 area.

Anyone else besides me, when you've had a good week through Thursday, find it a little harder to pull the trigger on Fridays - especially in summer? I just don't want to give any of it back and have to think about that all weekend. But of course that limits the opportunities to only 4 days worth...

LOL

ND don't beat yourself up ... it's easy to see in hindsight on a day like today how much $ you could've made had you jumped at the precise opportune time. If it makes you feel any better, I had a long from pre that I exited during the opening bar, based on one of my setups and the probability...

Ok thanks. The trade would've worked out today for a super-sized gain, but only because of the positive reaction to 10am news. With the trigger coming relatively close to 10am, the question is - should a trade be put on with 50/50 risk of a possibly blown-through stop due to imminent news...

The guy said he wasn't out for money. Obviously a true musician.

Well today it certainly would've worked out. :) If you don't mind my asking, what's the general idea on stops/targets, and is this based on any particular backtested timeframe? - Thanks.