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or was it 100? I don't know, but when the Dow hit -99, we weren't really sure if the quotron could go 3 digits.

right, very much confusion here. Daytraders rule of thumb is usually about 5k in account per contract. So 1 or 2 points a day turns that 5 k into 1/5 mil about every year. Swing traders are more like 20 to 25k per contract, so they would need about 4 pts a day to meet the same goal. I blew...

jeffm, But doesn't that mean in real life if it really did produce $2 per trade, and you started with 4k, that after 2000 trades you would have doubled your money? I'm sorry more people didn't pick up on this system because the idea is to trade in a way to meet your targets rather than...

tah, no problem. You've reached the part of the internet where people are not very uptight. You can talk about anything you want here. Speaking of hardcash, I was just thinking about something he told me. You know the old saying "No position is a position'? Well, he just said it in a...

so inandlong, How'd it go? At the end of last episode, you had one trade going good and the other not so good and you were just about to either pull the plug on the system or go with it even though you thought it was wrong.

Yeah, I've already gone to my autumn color scheme.

let's say 5 people want to buy at .50 and 5 people want sell at .75. No trades are made until someone either throws in the towel and buys for more or sells for less. If a market buy order comes in, it gets filled at the ask. If enough market buy orders come in then the 5 sellers at .75 are...

I was inspired after opening my Visa bill. Boy there sure were a lot of amazon.coms on there. Speaking of which, that's where I'm headed right now. I want to check out those Koppel books. Like the Boy Scouts always say, be sure you have plenty of books to read before you start your next...

5 r/ts that's even better, You know, I can think of about a hundred better ways to try to pocket a handle, but I never think of them at the time, it's always afterwards. I figure, aw heck, I'm already in and feeling sick to my stomache, what's the point in starting all over again?

I changed my mind so many times, I was starting to sound like Thomas Edison sending an important telegraph message the way I was hitting those size up size down hotkeys

I told you I only need 1 handle a day, but this is gonna catch up with me Always in long 855 short 854 -1.00 long 855.25 -1.25 short 856 +.75 long 857 -1.00 close 861.25 +4.25 Days Work 6 rt +1.75

Sunny provides a useful function. He's a fluff detector. It's a dirty job, but someone has to do it. besides, he got us focused on the real problem which is the exit. You and I know this isn't about the perfect system, it's about how systems work. And your system is so simple that all it...

well, I take that back, I did try a point and figure system once, and I had a friend who was a real chart freak, and he gave me his old charts (they sent them in the mail each week) to study. And after you studied them your hands and everything you touched were black from the ink rubbing off...

And That's the honest to gospel truth. My instinct was only right 50% of the time, but when ever I went against it I was wrong 100% of the time. So I guess if you do the math, I had to rely on it 100% of the time just to be right 50% of the time. No wonder it broke down. I guess there's...

See, when my intuition failed me, I stopped trading and started reading books. I had never used a chart before. This was the first book I bought. That's why it is my favorite. I was just thinking today how much better off I am because my intuition failed and I had to learn TA to survive...

no, I read in the zone and it wasn't that great for me. But he wrote a book a long time ago called The Discplined Trader. That book changed my life more than anything. And once I got my life changed, my trading started to change. If you knew how much I spend on trading books at amazon....I am...

jcom, tell me a little more about this book. I went through a bad drawdown and my intuition got blown up into little pieces and scattered everywhere. Probably just as well. I kept a record and it was right anywhere from 49 to 51 percent. But at the time I didn't have many coins to flip so I was...

Yeah, but it works unbelievably well. It's almost as if somebody said, "profitseer you idiot! Clear your head out and look at the market this way. Now does it make sense?" I especially like it because it is very intuitive. I'll check out those numbers and charts. There's something...

50% works if it's a 50% kind of market Chart Patterns work if it's a chart pattern market Gut instinct works if it's a gut instinct market I'm not that smart. It doesn't take much brains to see if and when something is working. If it's working, you trade it. Most of the time afterwards I...

I'm just a dimes and quarter kind of guy. 6+ handle trades come along each month. It takes 20 points a month to put food on my starving table and feed my bloated uncle (Sam). 50% is very strong for me. I don't owe fib anything, he is just doing a good job for me today and yesterday. By Friday...