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Great call - all about feelings. Your feelings override your plan. Must incoporate feelings into your plan else they will override it. Cant 'squelch' them down. What are your values?

Brilliant post Jack. $64m question: How does one have no associated feelings when viewing trades that affect personal wealth?

grob109 (Jack), FuturesTrader71, spydertrader, dbphoenix (when he was here)

Great post JH

Why would 99% fail? Defies common sense. If the market was totally random then many would breakeven.

Yep - thats about it. Good post. I had the same thing careerwise until I learnt to be myself - ego is a hard thing to not be attached to.

Hard as 24 hours a day

Melbourne, Australia. Traded stocks for 5 years, in between working as an I-Banker. Some forex also (but find having open positions 24 hours/day a little difficult).

The news link and sheet is a great help - thanks Clym and Spyder

How do you test a portfolio in Tradestation? I have it but thought I could only test one security at a time?

I use my trade records. I record my stop for each trade in Excel along with entry, exit, target, size and dates. 5% could be used for this - if you just have the entry and exit prices.

Spyder - Regarding position sizing, Market System Analyzer version 2.0 (http://www.adaptrade.com/) is out now. Very useful for testing how your past trades would have done with different sizing methodologies (I am not associated with MSA but use it). Cheers Rod

Second that - conversion?

Never a problem

What do you define as 'day trading techniques'? And if you are swing trading with them are they not 'swing trading techniques'?

Yes - trade with the trend (dont try to be significant as the mkts are bigger than you) yet work hard with self esteem (get your sense of personal significance from yourSELF).

Thats it - you got it. There is no fighting.

Spyder - outstanding work mate. I hope I too can continue be as disciplined as yourself on an ongoing basis and achieve such fine results. Thank you.

Now I dont know this guy, but in my experience, in general, without those costs many NY men would be on shaky ground with their NY women.

Yes. Job security? Bah - I have more security as a trader - noone can fire me. At the IB I was with, 40% (not me thankfully) were fired in 2 years in the recesssion. Never knew if it was you next. I dont call that security. IB work can be winged? Dont think so - still needs to be done, and...