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More like 40pts now!!!

You must love this dip to buy then huh?

For me, volume is majorly important. The way I see things, a chart can print almost the same price bars (as another time) and everything but if the volume doesnt line up a certain way (that I need to see to pull the trigger), I dont take the trade. Especially in futures where stuff moves so...

Sorry, missed the 2nd part of your question. I am definitely getting there. My P&L isnt as high yet as before, but know when I am ready to size up, it will be even greater. I am a slow and steady wins the race type so I take small steps up as I go. Takes me some time, but I dont mind. This way...

Yes, sorry, I do also draw channels on my 5 min chart to match the volume that is playing out.

I've tried three times now to write a good thorough answer to this question but have stopped and started over each time. The problem is, its too complex to explain. My experience of just watching hundreds of days and trying things and learning from mistakes has led me to understand pretty well...

Explain how out of all the trading days in 2006 (and I traded every single one, no vaca*) I had less than 6 down days total? Is it luck? No of course not. See, its not a matter of NEEDING to predict where price will go, its a matter of LISTENING to the clues that tell you where its going to go...

Mike, you have to keep in mind that you are using a macro perspective here while NY HOOD is describing daytrading conditions. Now while I dont agree with him that this mkt is dangerous (I see it as increased opp) you should keep in mind that intraday action can chop around quite a bit within a...

Nice stats Jason :)

I love myself some price action too :D

Since the great majority of traders are wrong, "losers" if you will, it really shouldnt matter what the majority on message boards think or feel about the recent action. The only thing I personally concern myself with is what do "I" see. And what I see is greatly increased intraday ranges with...

My only fear is that the vix will go back down to 10 and the mkt will hardly move. Vix over 20 is grrreat!!!

I'm at an internet cafe in Paris right now (its raining like hell, so just popped in to check a few things) and I can tell you the dollar is weak as all hell here. Everything is so freaking expensive, luckily we have about 8K in cash to spend here and in Prague so we arent really struggling but...

Simple yet so powerful. Unfortunately so many need to feed their ego by making predictions and then, when things dont go according to plan, they cling to the few pieces of info that do support their position while ignoring the great majority which doesnt. This is precisely why I dont bother to...

I cant give OC some props?

Great post Optioncoach!

Try futures. I agree, in stocks you can see the best opportunities but a lot of times there isnt enough liquidity to really take advantage. In the ES though, different story :)

lol, maybe its brain science?

its gets frustrating to see someone, who is obviously in pain with trading, to keep going at it when you know its just going to end badly. Regroup, spend some time watching the mkt in realtime and try and find correlations. Baby steps.

Who cares. If you cant make money w/ 1 lot then you cant make money w/ 5, 10, 50 500 etc.