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The following is a summary of "Secrets of Professional Turf Betting" (Robert L Bacon) on amazon.com. Interesting read. Enjoy. H. From Amazon.com, review by Mark Mills, 2005 "Chapter 1. Always bet against the public. Betting at a racetrack is a zero sum game from which the track takes a...

It is hard to find someone teaching anything of real value, but there are nuggets of gold out there. You may try this one and see what you think. He trades FDAX. In some of the other videos he gives a brief explanation as to what he is looking for. H.

I have experienced the same. Moving my stop is one example, adding to a loser is another. These days I would never think about adding to a loser - I am flat in no time if it moves against me. But ten years ago I did this all the time, and suffered much pain from it. The change came gradually...

Continuing on the same note, here is a musician talking about improvisation. The parallells to discretionary trading can be found in almost every sentence. He speaks in a very clear manner and is present in the moment. Enjoy. "...improv is what you do with the information that is coming in to...

Spot on. H.

Much have been said about trading on sim vs trading a real account, and the difference in performance most players will get. It is also repeated that trading is the hardest thing you will encounter trying to master. Trading is not unique. It is an activity where you have to perform for yourself...

Interesting, thanks for sharing. H.

I had to get one out of my chart book and scan it in to my pc, the hard disk is in a drawer. Here is one of the ES from 2003... H.

There are plenty of opportunities every day to make good money. Directional traders, which you call 'point and click' scalpers, are doing very well. If a trader sees more opportunity in spreading, go for it. But don't give the impression that spreading is the 'right' way to play the game and...

..algo's (mathematicians) are pushing every market toward randomness.. My feeling is the opposite. The way the markets respect levels are at times too good to be true. H.

Thank you. Interesting take on QE. H.

I think your approach is way off the mark. 1) Agree. The market is limitless, you got to set some limits for your interaction with it. 2) Once you are in the trade, price is moving, constantly giving you new information you did not have 2 seconds ago. Make use of it. 3) So you plan to sit...

Yukoner, I don't know how you trade, but I appreciate the honesty you are displaying in this journal. Here is something you might consider: When in a rut, cut your size in half and reduce your daily loss limit. Play a tighter game. You may have more days of less than optimal trading coming, so...

You are wrong. I will give a warning to the newbies here. Trading successfully takes a lot of time and effort. More than most can muster. Trading, reviewing your trades, planning the next trading day and maintaining your journal leaves little time to waste. You also want to have some time off...

To add a perspective to your review, here are my trades in CL today. I was playing for a reversal all day and got it in the end. Played it tight until then and missed some entries. Made some coinage, but should have been more.

The market explodes from the upside and tanks from the downside.

The German DAX.

Please keep up your posting. It looks like you have a disciplined approach and keep to your stops, good! H.

Well done. With the bars a bit more spaced out it will be easier to read. H.

I am curious as to why a trader would spend his time on message boards - racking up nearly 10 000 posts - if he was profitable. There are other and better ways to spend one's time. The post you had earlier about 3 losses in a row being unacceptable... I would suggest for most beginning...