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EK Thank You Sir - I may take you up on it RN

Please allow me to address all the wonderful responses in one post... To all the Very Kind replies – Thank You Sincerely As to starting a journal – most of the time I have nothing to say…, and on rare occasions when I think I may have something – my kids always assure me – I...

Part II Market Maker * Must create a market * Also trades their own account * Can see both sides of the market * Knows who the big players are and knows if they are buying or selling * Knows when large blocks come across, knows how it may affect price, may trade futures and/or...

Part I Not many realize there are two looking glasses; one separates traders from citizens, a second separates traders from professionals The following are some random thoughts I pieced together to hopefully further the view into the second One important note – I do not want to...

Xspurt - Golden... Accutrader, Please be mindful, not all big money is smart money…, but all smart money is big money (smart money hides its intentions the best it can, big money doesn’t give a flip) Also context is all important; don’t develop tunnel vision as you learn to...

ATR = average trading/ true range - used as a volatility guage (Think how much price moves, on average, each day) Labeled "Daily Range" on the stock screener below http://www.nasdaq.com/reference/StockScreener.stm RN

IMO, Set your money aside for now Set up a sim account, pick one stock, and learn to trade it consistently... While doing this create a trading plan, and a journal Trading plan = What you should be doing..., Journal = What you are actually doing..., Ultimately the two need to match...

OP, A little something my friend above posted awhile back – worth its weight in gold – as is he RN http://www.elitetrader.com/vb/showthread.php?s=&threadid=163574

No Sir you did not come off as a know it all – quite the opposite Sir As for this – It is dead nuts on – Great insightfulness on your part Now – Have the intestinal fortitude to follow completely through with it – you stumble or fall – get back up, dust yourself off, and...

Instynct, All due respect to your Sir – here is how I interpret this sentence: I am shooting in the dark, at a moving target, while blindfolded – when I hit the target I’m happy – when I miss it I’m pissed In the meantime – because I don’t really understand exactly...

Illiquid, You are most Welcome Sir Your colleague and friend (um off mkt hours :) ) RN

Well this’ll be different…. When away from the market (this is just a snip it btw) First what I don’t do… Let one or a series of trades ever define who I am Get caught up in the never-ending hyperbole, egotism, self absorb bs engulfing this business Listen to news...

Kassz007 Thank You Very Kindly Sir :) R1/ NOD Hmmmm let’s see we could title it – A dumbass redneck’s guide into the inter cranium trading warp continuum That’ll thoroughly confuse the crap out em….. :eek: :p :p You Both are the Greatest… RN

Illiquid, First let me start off by saying; I will be essentially saying, albeit in a very wordy way, exactly what Ammo has already said – most all of it – you, me, whatever – is just plain ole small shit – and needs to be discarded when we trade… But I will attempt to connect...

:) Absolutely

Illiquid, Impossible for you to go off tangent – it is your journal after all :) And you have not gone off the deep end either – actually quite the contrary… You have made some deep and very insightful observations… And to be sure you have not scared me away – we’re...

Illiquid, Yes that is the way I initially interpreted “short” but now we are on the same page So I’m going to go down a road you’ve already stated you don’t much care for – but here it is anyway. Because I will submit if all other (external) framework is in proper order then...

Hey Illiquid Realize I know you are experienced – so I could be very "wet” on this but….. Whenever I read “cut my losers short” (in any post not just here) here’s what I tend think (albeit right or wrong) And btw – I fully acknowledge you also said – you “rewarded...

AD Aim small - miss small :) In all matters Sir RN

NOD It’s funny how you used the y leads to z…… I’m currently working with a colleague and using the same.... a always leads to b… b always leads to c… except when b leads back to a You and I think much alike Ma’am… :) And I am with you on this one... I’m...