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  1. M

    Discretionary Trader --- Minds devilish way of categorizing memories!!!

    You may have missed my point. Negative and positive charged memories are one way of characterizing how we feel about ourselves - this is essentially an individuals concept of themselves, i.e. your self-worth (self-esteem). If you have a positive opinion of yourself - i.e. you are...
  2. M

    Discretionary Trader --- Minds devilish way of categorizing memories!!!

    These two cases are examples of the psychological crutches we create in order to deal with rejection/loss and our own insecurities. They are ways in which people lie to themselves, i.e. disassociate themselves from the reality about who they really are. 1. Lets say the last two weeks(6-5-06...
  3. M

    i 'm having a good day...what the hell...

    Yep.. it happens when I get excited. Today was a perfect example. I'm watching the ER2 climb all morning, I *know* its going to finish strong, I can feel it - I get anxious - trigger happy, I make an impulsive entry rather than wait for the market to trade into my entry price.. I don't want to...
  4. M

    To the Board; Please help...I appreciate your answers.

    Hello, What is your current financial picture (assets, debts, family needs)? What type of work makes you feel good? Regards, Mike
  5. M

    Nikkei Down at open...

    I'm more concerned about the fact that the US Indexes are lagging (relatively) to the rest of the worlds indexes, yet, we appear to have some serious catalysts on hand to drive the markets lower - much lower... In contrast, a lot of traders on this forum are forecasting a more serious...
  6. M

    Nikkei Down at open...

    Wow. Great action today across all the futs, not used to seeing 20pt swings on the ES. I believe the NIKKEI may be a precursor to further US downside and some serious volatility.
  7. M

    Nikkei Down at open...

    Are we going to see some serious downside this week?
  8. M

    Can you be profitable with random entry?

    Sure, but for what time and price limits? If its a time interval then over what period of time do you limit the "random" entry to? We know actual volatility does not remain constant and there are time intervals that statistically have greater volatility than other time intervals - thats not...
  9. M

    Can you be profitable with random entry?

    I don't know how one can implement a mathematically defined completely random entry, I personally think completely random is not mathematically possible given the time component (time is linear) involved in trading. What I mean by this is one's definition of the random component -Is it price...
  10. M

    Bye Bye Retail Trader

    I can literally count on one hand the number of people I went to college with that were able to maintain a successful career in a science based discipline. This could be a product of my social circle, however, I believe this is because of the above quote. Good managers spot out good critical...
  11. M

    Can you be profitable with random entry?

    The above are some of my favorite setups. Of course no two setups are ever *exactly* the same, but, the scenarios are identical in terms of the psychology involved. I always question when something is obvious - especially when statistics are used to prove a trading setup. In certain cases...
  12. M

    Can you be profitable with random entry?

    Case 2 result
  13. M

    Can you be profitable with random entry?

    Yeah. Heres the result for case 1. Both are ER2 5 min charts.
  14. M

    Can you be profitable with random entry?

    Here's a possibly similar situation. What do you guys think these cases have to offer?
  15. M

    Can you be profitable with random entry?

    Yeah, I have no answer to that question. I don't know what will happen. I like the idea that it appears like an obvious short to you guys. It all depends on the product I guess...
  16. M

    Can you be profitable with random entry?

    Yeah. Maybe your right, I see a upside down head'n'shoulders as well... could be the days reversal point. Also, my holding time would probably an hour or two. I don't take down little pts here and there, I prefer large R/R trades. My guess is this an index future, possibly the ER2... Show...
  17. M

    Can you be profitable with random entry?

    Okay, so there are 3 people looking to short this and I'm the guy going long. Those are great odds, I would take that long position every time given those odds:). Where would you put your stop?
  18. M

    Can you be profitable with random entry?

    I believe there is some disconnect in yours and others here thinking process with respect to entries. Allow me to explain. (I apologize in advance If I am sounding like a "know it all" because I don't know shit, I just want to further my own understanding of why others do the things they do in...
  19. M

    Can you be profitable with random entry?

    I need more information - specifically about the prior three "inflection" points, where they price breaks, did they hold S/R levels, how strong was that recent low?... Without that knowledge/info, and without knowing the markets volume mood that day, I would pass on this trade. If I had to...
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