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Do you know what bothers me most about Monday? It’s not the fact that I dropped $285 – it’s that I feel foolish. Normally, if I pass on a trade I just let it go – it’s a split second decision – over and done with, no regrets. But on Monday I felt an “obligation” to explain...

Yep, I've read that one as well. It sure seems to be good advice - the kind I cannot argue with. But as with a lot of good advice, how the hell do you put it into practice?

After giving it some thought... This journal thing is a whole new experience – it adds a completely different element to trading. Namely humility and embarrassment. God knows that I have lost far more than I did today – far, far more. And God knows that I have traded far worse...

There is a lot of truth in what you are saying.

-5.5 points/2RT (-$284.60 on the day) After looking at the charts again, I am left wondering if I just out-smarted myself by not taking every flag set up today. But hey, today was not like any other day (as if any of them are)ļ

Technically a bull flag at 3:04 – but it failed to retrace back to the 20EMA. So no trade. Will I take the next set up? No. Why not? Tick readings of +1200, and prices near the 60 minute 20EMA. Am I a happy camper? Yes and no. The first trade (a 2 ½ point loss) was played...

Took a bear flag at 2:46 @811.5 Stopped out for a 3 point loss. Now this one troubles me. Why? Well it was pushing – in fact it went against my “better judgment”. A clear trend in the one-minute chart, but no real trend in the 5 or the 15. In other words congestion, chop, or what...

Hmmmm...O.K., this is getting kind of embarrassing. There was yet another bull flag at 1:52 @813. Again I passed because it just didn’t look that strong, and came just after testing the high of the day. It ran for 3+ points without me. Oh FUDGE! Still another bull flag at 2:11...

You are a pervert - A SCREAMING PERVERT! You ought to be ashamed of yourself. Now put your pants back on, and behave!

I know what you are saying, and don't argue with it. But for me this is more of a method, or style than a system. I am not displeased. Sure, it would have been nice to take the AM trades, but it goes against everything that I know. From my observations, the chances of a follow through on...

I guess I wasn't clear enough on that point. I have no problem with taking trades, my problem is letting them playout. I am quick to take a loss, but equally quick to take a profit. Thus this "public" exercise. As for the possible trades this morning - it's just one of those things. Sure...

Had you been willing to do the "short skirt" thing, at least you would have saved the commissions. God, I just hate days like today!

A whole lot of nuttin’ going on here. A bull flag set up at 11:50 @809 ¾ that ran for 3+ points. I passed on it, but this one is harder to explain. I’ll let it go as having erred on the side of caution. (the fifteen-minute chart was still in a steep decline – but,,,) Yet another...

I don't think so. Somewhere along the line I did mention that trades were not to be taken in overbought/oversold conditions. Now it would be fair to ask how I determine that - but the answer would be quite complicated. Can I get off the hook by saying it's basically just a "feeling"? BTW -...

Admittedly, days like this are not my forte. Ultra strong moves leave me gun shy. To this point (10:45) there have been two classic bear flags (one at 9:47, the other at 10:11). Both had moves of at least 3 points. I took neither. Why? To my way of thinking the market was very...

Oh my God, what have I gotten myself into? This journal thing seemed like such a good idea last Saturday night. A little wine, some cheese, some salami, a little more wine, and the next thing I know I’m posting up a storm promising to keep a journal for all the assembled masses to see...

Anything is possible:) But no matter the method or style I trade, I always over-manage the trade. That's what I am trying to overcome. I have selected the "short skirt" because I believe in it, and it fits my requirements.

hmmm...I'm not sure I know what to say. I thought that Linda was very clear on the points you bring up. This is a method - a way of trading - not a system. There is a lot of discretion here. All I can do is tell you what my "rules" will be. I will enter with a limit order. When filled...

Ain't that the truth! The younger Dudes have the dreams that I long ago passed on - usually the "get filthy rich" kind. At this stage all I want to be able to do is to compete with the best and the brightest, and leave with my shirt still on my back at the end of the day. If I can do that...

Sorry surf, but it's not a fair question to throw out. The answer has much to do with who and what you already are - your stage and place in life. As the years go by, objectives, hopes and dreams can and do change. What do I personally want? A little more self-respect. The knowledge...