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Hah !! I hope mine wins !! Whts the prize..??

Thank you for your comment. The purpose of this thread is to experiment with some of the "illusions" that differentiate various TYPE of trading as listed in the Title of the thread. So, I usually remove the axis information, leaving the chart open to Objective assesment. I choose SPY...

Nicely stated

Hey bud, Facts: - It will take time to get there....it varies for everyone. Its just like a career. Becoming a doctor needs about 10 yrs....!! - trading is easier, however still needs alot of screen time. - Experience reduces your response time and and gets your entries and exits timed...

2-24-2011 Considering the DAILY SPY as a 5min chart. I would not enter yet. Chart below without the price or time info. If some one would pay me to get in LONG now I would not !!! Comments please.

I recommend, find some time and read this quick read...!! "reminiscence of a stock operator" A biography of the greatest wall streets best. Back in the Days. His theory's still work 100 yrs later.. and its inspirational. Trust me...I have blown up a/cs after a/c to get where i am . I...

You are doing fine !! dont focus on the results, just execute or Just do it. !!! heheh

The whole sheet, each arrows move together.

Just noticed something - Pointing it out. May be it helps. Look at your chart. Imagine your ARROWS on the chart were actually drawn on a transparent Sheet (tracing sheet). Now move THAT SHEET little to the LEFT. (I hope it does not sounds crazy). Only a few candles !!! Do you see it. ????

I am glad that you are using MA, However I want to warn you that, since our brain reacts to visual signals and its easy to start gazing at the MA rather than the price !! Its like ur eyes start to lock on them. What helps - Zoom out - back and forth after few minutes. It is important to keep...

Get 10K and work in a Prop firm.. if he fails there then may be he should move on. Right environment and controls might help. It would take him ages to loose that kind of money at a DECENT prop firm with people/friends who care. GL man

Just look at the charts and see whn you entered trade ...Were you the right side of the EMA ? Was ur trade in the direction of the trade. Did you get out when you were suppose to.

It gets activated after your a/c is funded and off the hold.

NFLX ownership is above 100% ... hehe... Unlucky shorters...I hope they did not close their positions.

Initial loss or Slow growth is just by the virtue of your Learning Curve. As you gain more experience and screentime. you will feel more comfortable in taking trades and exiting bad ones. Staying flexible is Key as markets are too!! Find a mentor or a successfull trader and buddy up to...

If it does not break 4.70 its a good short :)

There is a swing down on 30min time frame in this week.... Daily still needs correction below 12K to have any effect on real LONG players. Until then, if you are LONG on a daily chart. Don't sweat.

Keeping the thinking growing. Current Market SPY as an example. I know alot of threads going around with People wanting to SHORT. Attached is a chart of SPY Daily but with no price or time axis. IF this was a 5 minute chart ...the question is WOULD YOU SHORT IT ??? I would not!! There...

http://www.elitetrader.com/vb/showthread.php?threadid=213954 Experience ..... Screentime..

They all are..!!