Search results

Well Sir That statement is bullshit You blew up your account because you did not exit your losing trades – never blame that on anyone else And irrespective of any training class you attend / book you read / person you listen to – you must learn to be you own teacher, mentor, guru...

BP, mikasa (Cold) and I have had our differences – but think about what he’s saying That a trader can survive 8, 10, whatever loses in a row – is exactly what trading is all about Risk Management RN

N.H. Thank you Sir And you were absolutely correct - Today was a better day:) See Ya RN

Gabfly1 Glad you found the book worth reading I agree Van Tharp's intro was a bit much RN

Thank You Kindly My philosophy is we talk about everything – and I mean everything – sometime much to their chagrin :eek: My wife and I are really trying to teach them how to think – not what…. But unfortunately it seems we are only ones We’re constantly fighting the...

After clearing out the dust – moral of the story today I must not have an opinion, but when I do (and at times I will as I’m only human) – I must hold it weakly, and relinquish it readily When trading – I must always be right – when I’m not right – I must exit and get right...

Keepin it real... Today I averaged in – and it bit me square in the ass I did it, I’m responsible, no excuses Please feel free to bust on me if you are so inclined For those who’ve been trading for awhile – you can pretty much guess where price ended up – and where I...

:)

RAS Not when it comes to holier than thou gurus….. or anyone touting they have all the answers... Psytrade, Among professionals or civilians… I assume traders around here are of the professional ilk, or trying to become, and such studies are not applicable You’re thoughts...

Hersey, When one get’s past the elementary BS you espouse – it is not very intelligent to associate fear and greed with anything but rising and falling prices Get past the “everyone around here is a mental midget/ emotional wreck” crap... Every trader is responsible for standing...

:p Good One RN

Part experience Part intuition Part common sense Part psychology (the mkt's) All managed by rules – of course And I agree with more experience comes more intuition – like a feedback loop RN

Fear – it’s why price falls on average 2 ½ times faster than it rises RN

NO, Good point What I’ve been seeing as of late (last few months) – the biggest price moves have been in the morning, with smaller range bound moves in the afternoon – that may or may not be a continuation of the morning trend… Except for this past Thursday of course My initial...

Damn - That IS taking on some Risk:eek: RN

Hey PA, No argument here Sir:) RN

This is one of those damned if you damned if you don’t issues Can it blow up your account – yes Can you use it to work out of a losing position – yes Can you use it to build into a position – yes Do some use it as a crutch to cover up (hopefully recover from) bad trading technique/...

NOD, You bring up a great point here We must always have an emergency back up plan, or two I have the hard wired desktop running I have the laptop running with a wireless connection I have my emergency contact list within arms reach every day And based on last year’s one...

Hey NOD, I use mental hard stops – and set them at a point where I know the reason I entered the trade has failed If that point also happens to be at a logical point – then I will reduce my initial share size a bit and move the stop point out – I can always add to it later.. or...

OP, Take a look at LVS on Jan15th Pull up a 5 or 15 minute chart and look at 11:45 candle RN