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Hello QQQBALL, Yeah, the trading company seems to be a little bit slippery but maybe its better that what I perceive it to be. I thought the book I read was well thought out and had some worthwhile information. I have read a lot of books and it seems to me that most are just the same old...

Strange and frustrating start to the week today. I get out of bed and check on the pre-market trading as I have trades in both HP and GEOY. I see that GEOY is trading lower and the SnP is way down as well as the Nas. I was happy to see this as both NPR said the world markets where higher...

Carry overs from Friday went well. I shorted some more NTES 30 calls as a swing trade. + 3990

Hello El Caballo, Actually I do trade futures once in a while. I most often trade the SPI Sydney and HSI Hong Kong. I don't record the gains in this journal but I do trade the asian markets once in a while. I also trade oil, and NQ once in a great while and even more rare the ES. I...

I am adding to my NTES short via more options. sold APL 30 calls @ 50 cents. This is a swing trade for me.

I am adding to my NTES short via more options. sold APL 30 calls @ 50 cents. This is a swing trade for me.

As a retail trader no license is required.

Fleetwood Mac week ends - Well I should be all happy and trying to decide if I am going to go or not. Unfortunately I am actually going to hold off. I had to leave early on Friday and while I put in bids to cover two stocks they did not get hit. What a strange day in that I made some...

Hello otcstockfund, I use those to notate what setup I used to enter into the trade so I can go back and why I made the trade. Otherwise they are of no use to anyone else. I hope you have a good weekend !! RW

Hi Wbbank, Acutally I have a list of books that I think are important to read. http://paid2trade.com/?p=79 I hope that list helps and have a great weekend RW

I went into the office with high expectations as the SnP was up in premarket trading. RIMM reported good earnings and was up over 20% in premarket trading. With less than five minutes before the opening bell I took a short trade with RIMM with a price of 61.07. within a minute of putting...

Not a bad day but should have been a lot better. + 2994

Hello 7rader THANKS for taking the time to post and say so. I can assure you that I will try to keep the momentum up. Best to you and your trading as well !! Respectfully, RW

Hello Fishing, Thanks for saying so and I enjoy writting about my day. Yes, I almost always scale into most of my trades. I am working with a gap up setup that I have at times not scaled in but for my everyday trading I always scale in. "i guess this has something to do with averaging...

Hello Geez, Thanks for helping me understand better your trading. I love trading more than any other job I have done. Even so actually in some trades it does get 'boring' or at least not a thrill to be in it for me. I find this to be a net positive as it takes the emotion out of the...

Interesting video and thanks for posting it, I have no idea who the author of the book is so its hard to know if he has an agenda with his book and or oil????

Hi NoDoji, I wanted to put this in its own post as I feel its VERY important and should be standing out there on its own. It is NOT important to be a consistent trader. You should NOT focus on being consistent. Let me repeat that: DO NOT TRY TO BE CONSISTENT !!! What you do WANT is...

Hi NoDoji, I am sorry to hear that today was a crappy day. Remember that its only a day and this one day does not define you as a trader but rather the sum of all your days. Based on that you didn't have a bad day but rather your having a good year. I am also thinking that I should have...

You trade smaller the next day. No question about that in my mind. You need to get small when losing and 'jimmy up' when things are going well. Take a look at my journal and you will see I had some really big draw downs last month but came back to almost BE. I know its hard to do but if...

Hello glwatts, Thanks very much for your kind words and for taking the time to make a post. It for sure was a tough month last month with the hits I took along with trading with the flu. Glad we are in a new month and I am feeling better I use what is many would call a mean reversion...