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Thanks, I've been using the Yahoo link to note economic news. I've seen the market take off 10-15 pts. after Fed announcements. My method has loose stops, so it hasn't been badly affected by newsworthy events. During papertrading I've only made sure I was around in case I got a reversal signal...

Thank you for the link. I really like your cease trading ideas as a circuit breaker. I'm looking to see if I can use the idea for my trading. I think you're also right about real trading plans. I've seen talk of them in books and on forums, but yours is the first I've ever seen. I have my...

Good suggestions....thanks. From a psych. point of view, I decided to go through the same routine I did to go to work, (shower, shave, get dressed, etc.). I setup one of our bedrooms as a office that I consider my new place of employment. I wear a suit and start after eating breakfast. I...

None personally...just books from other traders to get ideas. I'm just trying to make sure there isn't something I've forgotten before starting with real money. Nothing I'm doing is any big secret and I don't need to know anything about anyone's methods. My goal for 6 months of...

Here's a paper on the subject of losses and how the pro's handle them. http://www.behaviouralfinance.net/papers/loss_realization/LoMa00.pdf

I don't think a daytrader stigma is any different than the unemployed stigma (couldn't be much worse). Since I lost my job, my family and friends don't return calls. So how can it be much worse? If it works out, at least I'll know who not to help!

When I started with Auditrack I tried to trade based on what I saw. I gave up because I couldn't reliably make money. I put some money in the Tradestation brokerage to use their stuff. I liked it, but I wanted to do multiyear backtests. Bought 2000i on Ebay and built a 100% mechanical method to...

Unemployed for over a year now. Over 1,000 resumes...< 5 interviews....no offers. A headhunter told me 40 was the kiss of death for finding a job because of discrimination lawsuit concerns. Since my family is living off our savings, I figured I'd at least give this a shot. Worst thing that can...

I've been paper trading for 6 months and now I'm ready to complete a trading plan before putting my money to work. I've got sections for financial goals, measurements, capitalization, methods and tactics, backup strategies, money management, discipline controls, daily ritual, and dealing with...