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"It's not a loss, I'm tithing!"

I got a good laugh out of that "BREATHE". I thought I was the only one who believed that a stop loss was far less likely to be hit if I held my breath long enough :p

Back in 2009, shortly after I started inching my way through the book, I posted this in my journal: "If you're a beginner, you may as well just place the book under your pillow at night because you'll get as much out of it that way with less stress." :p

Yes, you can do this but only if you can prove to the IRS that every trade was executed by the hand of God. :D

Anyone trading crude oil today was kept out of trouble if they followed the Chop Protection Plan: http://www.elitetrader.com/vb/showthread.php?s=&threadid=277421&perpage=10&pagenumber=2 :cool:

This was a big breakthrough for me as well. I remember when I thought traders here on ET who came across as consistently profitable had some sort of fixed "edge", a Holy Grail, so to speak. Only much later did I discover what price action trading really is: a dynamic edge that self-adapts to the...

My main work at the (very small) technology business we eventually sold was testing software and writing the user manuals, tutorials, and help topics. However, since the company was so small I also handled all the bookkeeping and payroll, developed marketing materials, and helped with customer...

Until summer of 2010 I never had a real system. I traded ideas which worked until they didn't. I lacked risk management and I lacked a real edge. I didn't realize this until I learned about price action trading. A price action edge cannot fail because it adapts itself to the current market...

By the beginning of the 2nd quarter 2009 I was indeed so "damaged" that I realized I needed to actually learn how to trade, specifically with an edge that doesn't disappear. I was still green and fairly clueless. I was distraught because I thought I knew all there was to know and I realized I...

Funny, I was just about to post this reply and you beat me to it. :)

Years ago, I definitely placed a lot of importance on what other people thought. Past few years it's been the total opposite: I place a lot of importance on other people's experiences. When the long-term experiences of multiple people are very similar, I consider applying their ideas to my...

I used to believe this and am just now beginning to realize, after studying (and doing) the work of Byron Katie, that it's our thoughts and beliefs about a thing or concept that brings us or denies us our desires. If we don't have enough money (or other resources) to obtain food, shelter...

Nice job! I was in both those trades, very close to the same entry prices. First trade target was a lower trend line that was around .14 at the time and I removed my hard target hoping for a break, but the line held and I gave up a few ticks. Second trade, I see your measured move idea, but...

I would tell myself to read Al Brooks' Reading Price Charts Bar By Bar and Bob Volman's Forex Price Action Scalping, then choose two setups and develop a positive expectancy plan for trading them and trade in a simulated account until I'd developed a trader's mindset as described in Mark...

It should've gone up on the news. Why? Because it did. The only "dumb money" is in the hands of the gamblers, which is most retail traders because they trade on news and fundamentals instead of price action. (I'm only referring to short term traders here, not long term investors.)...

Well, if it dropped a lot, then people weren't too confused, eh? :p

The holiday season is officially over and traders are back on the job! What's especially nice with the new year is my average profit per trade is significantly higher and I haven't had to adjust my risk at all :cool:

From your posts here, nearly all the beliefs you expressed (as noted by others here) are detrimental to a trader's mindset. Reprogramming isn't outright impossible, but you also have a mindset that makes behavioral changes difficult as well, and you have to act your way into right thinking; you...

By the way, that setup you couldn't name is called the "WTF, I'm shorting this with a teeny tiny stop, I mean come on, bulls, is that all you got?" setup. :D

I'm very excited. Someone was awake during trading class. :p :p :p