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Yea. For all we know the government could have already been using the SPR...who knows. Who knows how much oil is in the middle east underground?

guys come on. You would say the same thing. Its stupid yes, but its what the masses want to hear, thats all. If you really want to make a difference, or whatever it is he wants to do his first priority has to be GETTING ELECTED. so yes hes telling the lay people what they want to hear.

I'm not sure whats so difficult for people to understand about supply and demand. We know the world isn't using twice as much oil as a year ago, so we know its not demand. As far as supply is concerned...we don't know anything about it. So which do you think it is? The one we can rule out or the...

lol. wow.

lol people spending money they don't have..maxing out their credit cards and this causes you to have a better outlook on our economy?

Inflation hurts everybody yes, i'm not saying its a good thing...just that the FED has to pick its battles. im confident that if the fed had chose to fight inflation by not raising rates, the stock market would be worse off even than is now, and everybody would be up in arms about how the fed...

No trading today. Other things took up my concentration. No point in trading without 100% focus right? Will be back on tomorrow.

A lot of people have benefited. Dont be dumb. The FED has to fight one battle at a time.

I don't bet commods. If i was long oil i would be rich right now. let me guess you're one of those ones who thinks specs can actually affect supply and demand?

I can't believe people still don't realize that supply is affecting the price. Its not a bubble. geeze.

Its not a bubble for a million reasons, but Ill start with the most obvious one. A bubble, like the recent real estate one is a bubble because no one thought it was. If people though real estate was a a bubble do you think so m any companies and people would have been so leveraged with alll of...

grrr don't start.:mad:

I'm focusing more on my mental state in trading than anything else right now. As far as I'm concerned it the toughest part, so it deserves the most of my attention right now.

You are right. One again I never said having an edge was not important. I never said it wasnt necessary. It is VERY necessary, and very important. However I believe the mental aspect to be even more important.

Good points.I'm coming to find out that having a daily profit target is...hindering in all sorts of ways. It almost requires you to "revenge trade" because like you said, you try to "make back" lost points which isnt good. Besides 10 points a day can mean nothing if it takes a zillion trades to...

I doubt very much that your edge is so affective that its akin to picking up money off of the floor.

Its my opinion, and that of others...a few very successful others that trading is 80% mental and 20% edge... If that's true than it seems strange that edge and method thread outnumber threads about your trading mentality by so much that's all I'm saying

Really. I know having an "edge" is necessary for being a profitable trader. It's true that we should all be constantly tying to refine and make our edge more effective...however that's all anyone ever talks about on this site. T/A, PA, fundamentals, support/resistance...all that is fine and good...

paper,using the NT demo. As far as I'm concerned its no different, unless you the let the money have an impact on you when you start trading for real...which I don't plan to, but may happen haha. I trade for a couple hours a day as I'm in real estate as well.

Thanks bro. My profit statement from above is way off, I misunderstood the commission structure. I have been learning a lot of lessons as well, but that's what practice is for.