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  1. Redneck

    I'd like to become a better trader

    BL (and I haven’t read all the responses so apologies if already mentioned) Pick one, and only one - fixed stop loss amount for every trade – and stick with it Don’t need a random variable loss amount(s) – ever And yeah I know the argument of why that is hard to do – but...
  2. Redneck

    I'd like to become a better trader

    BL Track price’s direction off this trade Did it end up being A false breakout – where reversing would have worked A head fake where you were shaken out – so a failed failure – and reentering in the original direction would have worked Or Possibly more room on your stop –...
  3. Redneck

    I'd like to become a better trader

    BL, Once you get it set up – keep it real – please Also set it up with the same $ amount you have access to..., if you were live…, You know the mantra – practice like you play :) RN
  4. Redneck

    Working on Consistent Profitability

    Tlow, You Are Very Welcome Getting hit from all sides – I can relate We just need to keep putting one foot in front of the other Sir Successful Journey RN
  5. Redneck

    Gambler vs Trader

    EMG Where’s the pro’s and con’s Surely you are not waiting on a dumbass redneck to post my ramblings – are you??? :confused: RN
  6. Redneck

    The Pump, and The Dump (LVS)

    Just so there are no appearances of impropriety.., or me seeming to ignore the facts Price rallied – who could have imagined And ain’t it peculiar where price decided to roost for the night =============================================================================================...
  7. Redneck

    The Pump, and The Dump (LVS)

    Let’s review; Day 3 ~ 1:03 pm EST On one hand we have the vp of strategy…, for a TV show on a financial station…, who makes what I would classify as a “less than” stellar call (and I’m being overly generous imo).., then on the other hand…, we have a baby…, on tv…, who...
  8. Redneck

    Gambler vs Trader

    You started the thread - take the first stab at it I'll be back at the end of the day and see what you've shared RN
  9. Redneck

    Working on Consistent Profitability

    Tlow I was referring to lactic acid build up when exercising … not lactose (I’m such an idiot sometimes… milk intolerance - Ha ) Something to check out – I use it…. http://www.transparentcorp.com/ RN
  10. Redneck

    Gambler vs Trader

    Please don't confuse what I posted..., with your opening post I'm speaking strictly from the risk, odds, ability to skew the outcome, rules, transparency, active vs passive participation, decision making, etc. perspective... Not sure the point you are trying to make... RN
  11. Redneck

    Gambler vs Trader

    Trading vs. gambling…. Has to be the dumbest comparison I know of If you really knew – there would be no question – They are in no way alike To add; In the beginning trading is harder…, come full circle gambling is harder I know I am on record as both saying they are…...
  12. Redneck

    Working on Consistent Profitability

    Tlow I will say this once more – it is stress that is affecting your actions/ judgment Market rewards that which is hard Does it bother you to sit and watch price jiggle back and forth, near where you entered… Does it bother you to see price come with a cent or two of your...
  13. Redneck

    The Pump, and The Dump (LVS)

    Here’s an overview of the landscape, as of Feb 22, 2011 Are we building a bull flag, continuation (strong hands acquiring more inventory for another move up) Or a Resistance area where price is being supported while the strong hands transfer inventory to the weak, and once complete will...
  14. Redneck

    The Pump, and The Dump (LVS)

    Here’s a chart of day 2 (Feb 22, 2011) And for the record Please understand I am not suggesting - how, or if, you should trade LVS… I am simply showing an example of what I would label – egregious behavior (aka pump n dump) RN
  15. Redneck

    The Pump, and The Dump (LVS)

    Morning DD That station is a local AM I listen to after the close each day to get a daily recap (I don’t watch/ listen to anything other than what I’m trading during the day) LVS has been acting weak…, and when I heard her.., I wanted to call in and say WTF..., but refrained...
  16. Redneck

    The Pump, and The Dump (LVS)

    Thank You for the ideas I day trade this puppy - every day I wanted to call in when I heard it, but thought better of it RN
  17. Redneck

    The Pump, and The Dump (LVS)

    It is in the middle of a four month range Could not break 50 and hold Progressively shallower breaks of 50 Volume decreases as it goes up, increases as it goes down But time will tell which way it chooses. RN
  18. Redneck

    The Pump, and The Dump (LVS)

    I’ve been waiting on this pod cast to post all weekend, so I would have the facts when posting – biting my tongue in the process If ever you are a doubting Thomas…. Or wondering if listening to talking heads works Here are the facts – draw your own conclusion Thursday...
  19. Redneck

    The Dark Side of Suppressing Emotions While Trading

    For my money – today was a good conservation - I'm finding them all too infrequently these days….. Thank Y’all Now come tomorrow – none of it matters, except price I sincerely wish each of you inner peace RN
  20. Redneck

    Working on Consistent Profitability

    That to me says stress There was a time when… I knew what to do, but couldn’t do it..., or I would do the exact opposite But always after the fact it was all so crystal clear Drove me nuts... and I lost faith in my ability to always do the right thing... I, to this day...
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