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Hi Razor, when daytrading then at the money or slightly in/out of the money. Trading from the daily chart I use mostly slightly ITM but depending if there is an attractive strike near the current price level and if not I take very small size or skip the trade at all. From the weekly chart I...

jay I like your idea and hopefully you can help some people out of the hole. A mentor is really important I believe. A bad mentor is very fast recognized. I never believed in limitations and still dont because there simply is none. Not to the up- and not to the downside. Everyone can make it in...

Happy Easter to all.

all out +4 MIT, sometimes you will get 4 sometimes 3. More than that cannot be said from the little you explained and if you think this method will hold up this is the way to trade it. Size according to the largest drawdown.

Try Genesis Trade Navigator. They have (had?) a trial for free to use for 30 days and will send you 2 cds with historical data for almost everything tradeable on this planet.

easy lady, get one step back to were you were fleeing from - Stocks. Obviously you left equities because you couldnt get things done to your favor. You have more time to plan there, more markets, more trends and less risk if you dont oversize (maybe another reason of your failure). Daytrading...

I dont get it whats the point here. One big loser or a losing week, thats not a reason to question anything or look for what can be improved. That happens to everyone who wants to make a lot. Neke dont get blinded here from ideas of others how they see or might solve a problem that has not even...

didn't trade this week so no change in account.

happy birthday, health, fun and every meal a celebration. :)

your laws are sucking you dry buddy but I am sure they are good for you.

Just yesterday my GF dumped me. Not considering to change the side yet but be careful with compliments ....:(

I have the feeling that I have no feeling and I like that feeling.:) Thanks

slow progress during a week which had a lot to offer. Account at 5,04 k.

most people trading start with big dreams and little money and some who would have enough (more than 25k) are maybe not willed to put it on the table as long they cannot prove to themselves being ripe and profitable. Now those with less than 25k might put much more time and effort into the whole...

the only reason for the daytrading rule is to keep small traders small and thats it.

seems you dont use targets like someone else said, you should in order to get consistency in your trades. The greed you are talking about comes from the fact that you don't apreciate your money much. What you dont apreciate you dont deserve and what you dont deserve you will not keep. Double...

For some there is no other way than learning through hard knocks. Gain through pain is the way to the top. And I doubt that anybody ever entered a trade with the intention to lose on it. What counts is how you react on the results your temper produces and when you finally begin to combine...

so, after travelling and not much time I can look back now to another week of trading. Account is now at 4,64 k and due to no more DTP I am forced to end the day/week/month. Cheers

Trading In The Zone not too bad though I never finished it I think. Have it on pdf. PMs in case someone's interested.

Definitely you need an exit plan. A mentally or fixed exit point is your hard (catastrophic) stop when you are proven wrong immediately after you enter. An exit point is a "time stop" when things going nowhere after you enter proving your timing was wrong. An exit point is when you reach your...