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Here is a link to Chuck LeBeau's site. He has one of his bulletins (#47) dedicated to the idea of a ratcheting ATR stop. http://traderclub.com/cgi-bin/discus/show.cgi?107/107 Disclaimer- I'm not a system trader. Just wanted to pass on what might be helpful. Kevin

Deron, I have also placed a long swing trade in QQQ, based on the fact that QQQ close above the intraday high of the previous day, and it also closed above its 5 day EMA. When you swing trade ETF's do you set sell targets, or wait for a reversal day? I am currently looking to sell at the...

d, I want to thank you for posting these updates- I check them all the time. Kevin

Too bad that most of the links don't seem to work (yet).

For me, it's fishing. I look at the overall market direction first (tides). Based on the markets are doing, I decide if I should fish (go long), dig for clams (short), or work on my tan (do nothing). Then I figure what tackle (strategy) should be used. This is either swing trading long, or...

You raise an interesting topic, and that is the one of analogies for trading. Some see it as a battle or fight, you offer up the analogy of a shark, others have different ones. I agree that the end goal for most of us is making money, how we do that is different for us all. Some day trade...

Gordon, I would say that not every thread or discussion will benefit every trader. That depends on where you are in your trading, if you have a proven system, etc. It may also mean that the thread is a little off topic, and that is ok. There is a thread on Chit Chat re the exsistence of...

Don't give me too much credit for deep insight- I was just having fun. I studied Korean and Japanese Zen for a little while, years ago, and some of the koans stuck. I think that in Korea, they are called something else. This was in my martial arts days, before kids. Now, I get all the...

"Does a trader have Buddha nature?" Mu!

He has an audio set, older, called Mentally Tough, but the material is the same. I often find it easier to listen to tapes in the car, than reading. It's worth it, if you can find it. Loehr did a lot of work with tennis players, I found the tape set through a web site tennis store after a...

I'd be interested in hearing what effect NLP has on on people's trading, as I have gone through Tony Robbin's material several times. Kevin

The premise is that you deal with stress better when you have cycles of stress and recovery. If you do not fully recover, then you are not prepared to deal with the next wave of stress. Stress is not what kills us, but continual stress, without recovery. Loehr also points out the need for...

I will also add "Mind Traps", by Roland Baruch. Kevin

One that I would like to add is "Stress for Success" by James Loehr. He has a sports psychology business, and applies those methods to the business world. The goal is to maintain high levels of peak performance under stressfull conditions. Using stress to increase your capacity to deal with...

JonnyT, One additional question- how many trades would you make in that 12 month period? Given a 50% win/loss rate, and a 2:1 risk/reward, we can tell that you have an expectancy of 0.5- for every $ you risk, you win an additional 1/2 dollar. 2 trades- each trade risks $1000. Trade 1...

Actually, the general opinion out there is that the markets are going to go higher, not lower. According to the hulbert Digest, the number of newsletter writers is more bullish now, than they were at the July 24 low. Also, the Investors Intelligence survey of investment advisors is a little...

Do you deny?

Baron could tell us...

A couple of Prechter's books (that I have) get into fractals and the markets- the Elliot Wave Principle, and The Wave Princliple of Human Social Behavior. Kevin

Gordon, I have been reading a lot of the recent threads that you have been posting to, and want to add my 2c. It does appear that you have been losing money, and are afraid to trade, as you might lose more. Because of that, you are spending time trying to figure out the markets, as if...