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Thanks for sharing all that and the clarifications and your observations in this thread. There are obviously a lot of different ways to trade. Best of luck trading this week. :)

Just to further clarify this, the movie "Trading Places" is a comedy staring Dan Aykroyd and Eddie Murphy about commodity trading among other things. http://en.wikipedia.org/wiki/Trading_Places This thread obviously is about commodity trading. And the movie is funny. We work all week at this and...

Just for the record I posted a video about Clarence Beeks from Trading Places. Remember him? The frozen orange juice guy. This was removed. This action is too serious in my book which I responded to in a PM. I guess a little social interaction and humor is not allowed here on ET even on the...

Hi :) Just a few thoughts. I agree with the part that scalping for 30-40 ticks does add up and I trade that way too as do NoDoji and others. However I'm not sure what you mean by "true trending days come 30% of the time". What does that mean? What exactly is a "true trending day"? Can you be...

This is from last year and is what I'm talking about as far as holding trades longer through pullbacks. Sometimes I get it. :)

Just a few quick thoughts before the Lakers/Knicks game. :) When I look back now at today's chart and look at my trades I see the trade I entered @97.52 wasn't as bad as I made it sound. Looking back I see that even an hour after my exit it was trading below my exit. So who knows where it...

And the other thing is if I start posting my trades again in real time you can fade me and then you will become a millionaire. :p

True for all of us mostly. We have to look at our trading and examine the psychological realities. What thoughts were running through our mind when we entered a trade or failed to enter or exited or failed to exit? For me this morning I just kept thinking CL would selloff even more after the...

Exactly. :)

A few more thoughts, I hope everyone's having a really nice day beyond the market here. The most important thing. Just let the missed opportunities roll. It's just money. Not like we lost a bunch, or I hope none of you did. Just keep on working at getting better. It's really nice weather here...

GM :) Damn. Coulda, Shoulda, Woulda. I was thinking about your trade and saw you didn't take that profit again. And what did I do? The same thing I always do too, got out too early. As we'll recall I was talking about finding the LOD or HOD in the first hour and then riding it. I entered just...

Who knows maybe the 100 high was a longer term tradeable top. It sure felt like it wanted to break through that though.

Also it never fails that when I post there are some tradeable moves I miss like just now in the last few minutes. :) If you see me post you'll know something is tradeable.

Yeah, I tried trading even larger size this morning and I guess I picked the wrong morning as it's been so choppy. Didn't feel like the right morning to do the high of the morning or low of the morning trade. So I've just been scalping. Small losses + small gains = $0. Oh, well. I know...

Me too. :) Just a lot of in and out for peanuts. Earlier it seemed like it wanted to make a run up through 100 but obviously there's a lot of resistance @99.95 to 100. And then just now you could see it weakening. Oh, well. Should have stayed in bed. :)

Wholesale inventories in a few minutes.

GM :) Here are the economic reports for today which start in 5 mins. http://www.briefing.com/investor/calendars/economic/2012/02/06-10

Of course another reality is CL is quite skilled at retracing moves. There's just a balance maybe in knowing when to take profits. I was really happy today to see V take that 250 tick profit. And I rarely let that big of a profit build up. But I can think of other times when V let a 150 tick...

Just wanted to say that I'm not saying it's easy to do this. It's just an observation of things to look for and include in your decisions. And longer holds usually do yield bigger profits, which Larry Williams also said and most of us already know. I remember during the internet bubble run...

Hi :) Nothing personal, and I'm reluctant to bring this up as I don't want to get into a back and forth, but on your chart here http://www.elitetrader.com/vb/attachment.php?s=&postid=3441361 you are saying you went long @98.09 and then long again @98.10. This doesn't seem right as the low of...