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They could hike and give an indication they might be closer to finished than the market is prepared for, or they could stand pat but warn that a break is only temporary due to unforseen events -- either way could turn the reaction to the actual decision on its head (but I'm sure more initial...

I think I only really started to enjoy trading when 'what I want to do' and 'what I should do' became one and the same, irrespective of the outcome.

What I left out was "and not the other way around". Trading not to lose is one example where comfort becomes a priority, and it usually isn't pretty over the long run.

Early on, comfort and profitability are usually inversely correlated. I'd think that paying one's dues would mean a trader has adapted his idea of the former to conform with optimizing the latter.

Where do you stop out?

Like I said, no one should be pointing the finger at you for doing what you need to do. Natural market forces will virtually guarantee that the majority of your subscribers will eventually lose money -- those who do not understand this deserve their loss. But let's not pretend that you operate...

Nobody should be pointing the finger at you Dean, you're doing what you can to put food on the table. All we're doing here is to get those people who would think about subscribing to such a service to ask themselves certain questions about whether or not said services are actually worth the...

Are there really any good reasons one can actually provide for a nasdaq stock to go up or down a quarter on any given day -- especially on expirations week? A head trader at some institution spilling his frosty on the keyboard is as good a reason as any. :)

All you have to ask yourself is: why would anyone who could profitably trade a system actually spend the time to solicit others for a measly subscription price rather than just coin millions trading it themselves?

I'm guessing there really wouldn't be a retail fx industry if not for PDT minimums; if the SEC's intention was to prevent smaller accounts from shooting themselves in the foot trading stocks, they can now turn to forex and blow off both legs entirely. Leverage is always enemy number one when...

ES basically said it in a nutshell, I don't see how anyone could get away with this for long with an fx broker, they will implement all they can to cover their asses on days like those. I'd be damned afraid of submitting market orders with any platform on employment fridays, much less with a...

To each his own time frame and all, but when a $25 stock "rips up" 5 cents or "tanks" for 10, you know something somewhere is off. Sorry about what happened, but I agree it would have been inevitable and will happen again soon if you don't drastically rethink your risk parameters.

I'm curious as to how many people trade 1) full time w/ no other source of income (i.e, no day job) 2) only retail spot fx 3) and for their own individual account Might not be as many out there as you'd imagine.

I wasn't joking :) Great restaurants and shops popping up all over the place down there.

That 2 pips a week interest is just irresistible, eh? :)

Just go long and let the market declare the winner.

I think the big difference between individual traders and fund managers in their attitude towards stops is the relative size of positions taken compared to overall funds. Most fund managers or large traders who are decently diversified can afford to do without hard stops by the fact that even a...

Actually, I think I average getting stopped 6 out of 10 times upon entry. But it's the ratio of reward that makes up for that. I don't trade often enough for commissions to be much of a factor

Most of me agrees wholeheartedly that this is one of the keys to successful trading. The rest of me thinks: Actually, the market does have an idea where you and everyone else has probably entered; hence, it also knows the point where many will likely stop themselves out . . .

Ideally when I enter a stop on a position, the issue isn't how much I'm up or how much the loss will cost me, but rather that the market should not be able to trade at that price level in the time frame I envision holding the position -- if it does, I am wrong and must reassess my opinion...