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The results for using the same exit system no matter what your entry is (random) just cannot be reliable over the long run esp in scalping, given the spread, commissions, etc. Sure, one person's specific set of random entries could happen to be quite profitable, but how can you expect that to...

Well, why isn't everybody doing it then?

You just answered your own question. :)

The point is, they (the 95%) can't. There really shouldn't be much difference between entry and exit -- the skills you use to manage a trade and decide to get out are the same that tell you to get in. So if you have the capability to be profitable given random entries, you should be that...

The market will naturally find those max pain points you speak of. It may not be going after you personally, but since most people have similar ideas of where their stops should be, they tend to be self-fulfilling (defeating). Another way to look at it is that the market often won't stop...

Using Time Warner cable phone and it seems not to affect my quotes at all. Pretty clean sound as well.

I wouldn't expect nor recommend anyone to read this in order to become a better trader -- that's far from the purpose. If that's why you bought the book then disappointment is deserved. One thing's for sure, I'd much rather read something along the same lines from other accomplished...

Relax. I didn't say in order to win, you can't expect to win. I meant that first you will need to expect to win (ie, think you have an edge, whether true or not), before you can actually see if you can remain "levelheaded" through adversity. Hubris, trading never to lose, revenge trading...

I think what he means is: having a "correct" attitude is like having good risk management -- without it, no edge can be successfully exploited. But you must first have an edge. In regards to remaining calm about losses, emotional imbalances only arise if you have some reason to expect to...

It all depends on what kind of trading you do, what sort of edge or advantage you are applying to extract your profits. For some I'd think a monthly target would be arbitrary and completely useless; others might take note of the fact that what's working well now might not work so well in the...

Anyone getting their quotes freezing up for a few seconds at a time (no magenta background), every 5 minutes or so? My realtick continues to run smooth so I'm assuming it's not my connection.

Thanks!

Does the use of a phone line over the same cable connection affect your trading data?

I haven't heard too much about reviving old monitors, so I'm about to chuck my 60+ lb. Sony 21" Trinitron. It's not completely dead yet, perhaps someone in the know can actually get some use out of it. Maybe donate it? What does everyone do with their old gear?

I respect what you wrote -- but why Steven Spielberg?? God forbid he actually lets his audience think for itself.

That's what they don't teach you when you're just starting out (or if you're on your own, what you don't find out until it's too late) -- approaching trading as a career and thinking about how you are going to adapt your edge to a changing market environment. Maybe your edge wasn't meant to...

At my first apartment in manhattan, I tried to pay my entire year up front; I had good credit, but just not enough income on my previous year's tax return to qualify for the minimum requirements (but had made more than enough that current year). It seems upfront payment is not a legal option...

Sounds alot better on paper. What's harder than learning how to trade besides learning how to trade all over again? Of course, if you can survive that and come back stronger, you'll believe yourself much better off for it. But I think in practical terms no one really needs to put themselves...

And what if your edge disappears tomorrow? How would you know? How many trades will you execute before you give up? Maybe you'll get lucky and have 100 losers in a row; otherwise the market could drag it out while your "edge" slowly creeps towards no better than random, while you put food on...

I went through an hour or so of diagnostics, no problems with memory, and ran a chkdsk scan which found some errors and supposedly fixed them. I was also told to increase my paging(?) limit to 6100, whatever that means. I'll see if any of this works . . .