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Why get upset by losses? They are part of the game. It's NORMAL! Do you think a major league baseball teams expects to win ALL their games? Hell no! Those that CAN deal with emotions without losing their cool I think transition into their next trade more effectively. Do I get all giddy when I...

File an amended return if you want your money sooner versus later (next year)!

MB Trading has 2 plans, one per share and one per trade. Disclaimer: I use MB Trading. http://www.mbtrading.com/fees.asp?lft=hme&hlt=11

If you read my original you'd have seen I answered the question he posed ... I accept it and don't get all worked up. Most good traders I know realize losing trades are part of trading. As far as I know cussing up a storm hasn't yet recouped any of the losses people incur.

Not sure if you mean you take a big hit or just have a losing trade. No system, mechanical, intuitive or otherwise is 100% successful so losses are obviously a big part of the game. I've learned to just accept a losing trade with as little emotion as possible. Similarly, I try not to get too...

Nothing wrong with the short side ... to only play the long side is incredibly limiting IMO.

Everyone is different, but to hate your profession, in my opinion, is unfortunate. I love trading for the freedom it gives me. Your statement that if one enjoys the process of trading he/she is not trading correctly is ludicrous. Are you suggesting that if someone works their butt off to...

For a couple years I used to stare at hundreds of charts each night, read IBD, WSJ, Jag Notes, etc. And all that takes a heck of a lot of time. Now, if nothing else, I KNOW the QQQ and SPY will move one way or the other. Not much homework other than some of what you suggested (Employment...

Good post ... I did something similar and now trade QQQ and SPY 80% of the time. And it isn't rocket science to make money trading the above ...

And you attribute the above to clearing costs? After 7 years I'm finding it easier to make a decent living. Trades cost next to nothing. Then again I'm quick to take profits and try to enter high probability trades.

< I watch stocks that last year would make me a ton of money, now stay in a 20 cent untradeable range for hours on end. > Nothing wrong with 20 cents; trade 1000 shares and that's $200 minus commissions which can be maybe $15 round trip. Do that a few times a day and one can do okay...

5 million share block went off ... that didn't hurt! Plus 130 million shares traded today versus the average of just under 50 million. I remember selling SUNW at above $90 a couple of years ago.

< I do go both short and long.. I didn't mean that I only go short.. The point I was trying to make is that I see the market start to move... and I think I may miss a profit so I jump.. it can be long or short.. > Sorry, I misunderstood. I thought you meant jumping in (long) with the...

< This is a trading thread, and I called the S&P to rise to 950 in this thread, and then took alot of static from the ET garb. I'll take those apologies now. Thank you. > Must have been before my time on Elite Trader ... BUT I thought 928 was less than 950!

< Is there a software, or site, that will analyze the hot stocks each day > Plenty of software packages out there where you can write your own scans based on TA.

< On a long-term basis we are still at relatively low price levels. > Actually I think valuations are quite high relative to growth potential. But I look mainly short term and think I'll make more money shorting in the near term. Maybe I'm just a contrarian ... but it seems we're overbought

< whats killing me is when I see the market start going down.. I think.. its going down.. I better get in.. and I do.. and I lose.. > When the market starts to decline you might want to consider shorting ... to be successful longer term I think you need to play BOTH short and long.

< Short covery, they were freked out.... > I waited until it appeared the Dow wouldn't go positive to go short.

< buyers > They'll go away ... seems we've pulled back the past few days and I expect the same again. Looks like a little pullback now. heck, I often just want to get 20-30 cents on 500 SPY per trade so I'm happy. Good short at 92.30.

< How do make me more discipline? Will having a trading log help? > As far as discipline, you need to follow your system and not second guess it. And if you're underwater you need to sell longs (or cover shorts) when you hit your stop loss points. I am assuming you have a max loss per trade...