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I dont really think there was much of anything today. If you look at the intraday action is was just neurotic. There were not really any clear patterns on any of the timeframes that I watch. The best course of action was none IMHO. Brandon

There are a a number of good places to learn a few things, however I would caution against relying on a chatroom too much. The best way to use one in my opinion, is to do the trials until you find one that feels right, and then stick around for 4 to 6 months to learn what they do. Once you are...

The narrow based indexes will be interesting, but none have ever been that successful, I dont see why these would be much different. Brandon

<i>perhaps you are mistaken?</i> No, I spoke to their head of economic and product development on Tuesday. They just announced Tuesday morning that they would be trading them. A month ago things had not been yet worked out. B

Tuesday morning I was fortunate enough to meet with officials from the Nasdaq-Liffe (NQLX) Markets (single stock futures) at their Chicago offices. Coming into the meeting I was very skeptical about the merits and future (pardon the pun) of SSF's. However, after having spent two hours with...

Fluid, Purhaps you have had some difficulty with your trading, maybe as a member of Allens room. I dont know what your motive is. What I do know is that traders who would listen to the advise Allen gives stand to benefit on net. Probably not every day or even every week, but over time trading...

There are a lot of potential Marabozu Reversal Buy setups going into tomorrow. A few to look at bmc cen dhr sv unm wfc f adrx erts room Brandon

The market is a big conspiracy and the only ones who make money are those with the magic elixer , I know. :D Brandon

Its going great. Just getting ready to go on vacation for a week. First one we have gone on in it seems like forever, I can't wait to get gone. Talk to you when I get back. B

<i>Brandon, Maybe the reason people fail is because they don't believe it is possible. On what basis do you claim 20 pts a day is unreasonable or unrealistic?</I> In my experience that is not true, 99% of people come in over confident from past success and think they will take over the...

Exactly my point, yet there are tons of sites and individuals who claim that they do this every day, and that this is what you should expect. I think this is one of the major reasons people fail at trading, that is they come in with totally unrealistic expectations about what is possible and...

It is interesting to see the changes that are occuring in the people that are now trading. From my point of view, a few years ago we had a lot of people coming in and they all wanted to get rich quick, but they wanted to learn to do it themselves. Now, we have a bunch of people who just want to...

Purhaps, but only the trader in question would know what that was. And, assuming what he heard was true I doubt that person is on ET and willing to share his failure with the rest of us. I would not doubt the story is true though, the first Market Wizards book was written about 15 years ago and...

This is a good idea for a thread. On Thursday I got a virus that required me to reformat my entire hard-drive. It got its way into every file on my computer, so everything was lost. I can't remember the name of it, but it prevented all access to the internet and when I tried to install any...

Some of the threads here remind of the saying "Its not so much important that I succeed that it is my friends fail." Why does it really matter?

Its always you, but if you have something that is profitable that does not matter very much. I do not like trading right before or after a holiday, the last day of the quarter, or on options expiration. There is nothing wrong with the market those days, except that what I do does not work as...

Your so smart, you figured me out. And you did it on your first day here too...yeeeaaa for you! Ill stop posting.

Per contract. Net is easy. Once you have an edge you increase your size.

<i>only 5% make money..........where the fuck do they come up with these stats??? cracks me up!!! </i> Have a look at the internal stats of any firm with a lot of retail clients. 5% at best are making money. Your right, I dont make 20 points a day, and I dont need too in order to make a...

That is not to say it cant be done, and isnt done. I know one person who is making 20 points a day (it aint me). But I think one of the things causing that 95% failure rate is a total lack of perspective. People are lied to about what is possible and so much want it to be true. Then, when they...