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Thats an incredible depth of market. What time was this, and when did you exit? I understand you use a 20pt (!) stop overnight?

Great first post Typhoon. Thanks

Personally I use a rather unique method I wont write out as it requires monitoring of several different things, though I have found the standard parabolic parameters work quite well (better than my system some of the time).

what a stupid reply Skalpz. Try using Parabolic SAR as a trailing stop.

But why oh why do most people lose, if they have low commissions? Assuming people enter and exit with a random system - why can they not breakeven - get 3% on one stock, lose 3% on another stock etc. I know people will reply "human psychology is not suited to trading". But even people who...

The perennial traders' question. Can't calculate it as x% in 300 days as that ignores the losses we also take. Samson is partly right - depends on the risk you took. More importantly, depends on your analysis of the next move. If it may go down (>50%), sell. If it looks >50% it will go...

Good site Chuck. Thanks.

Hi Jack Your posts on this thread have been wonderful - thanks. I have copied them all into Word and underlined and highlighted things I needed to learn or reinforce. A question: My take is that SCT wouldnt work on end of day trading only for someone who has a job as the lack of fine level...

Very helpful post Jack - thanks. Whats the deal re: Amazon? Could not your understanding (that is, market truths re: price and volume and trendlines) be applied to any liquid security?

You need to watch the markets more, so you can estimate trend better.

Grob - your posts are enlightening. Both you and Fut Trader add a LOT of value here. I am still learning (arent we all!) so have less to add. Thanks for all.

You are so helpful Fut trader - great posts, thanks.

Particularly that you love your job - you should stay for the trading capital. I am in a similar situation but end each day exhausted and not in a great mood. Not enough capital to quit yet.

You are being overly analytical because of fear. You are analysing to cover up the fear. The only way THROUGH (not around) is to tie your balls to a trade with a pre-set target and feel the fear in your stomach and body (with a dollar risk to your stop that is a small percent of your account...

Macro You sure you are in the right job? Sounds like you are a political scientist waiting to get out. None of what you said though seems to be focused on how to make money. Seems you like the intrigue more than the plans?

Interactive brokers is extremely cheap, and offers a huge range of products (futures, stocks, options etc) and order types.

I have nothing to add but "thanks" - it is excellent to have a more mentally stimulating conversation on these boards. Good posts.

Choad: Get The Nature of Risk by Justin Mamis. An incredible book - and will solve the pysch issue you just mentioned.

great post thanks

Tomcole I agree with some others that your posts have the attitude of "I didnt win so you cant have either". Focus on what you could have done, and realise that of course some people did do that.