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OKay then, does anyone have any resources for risk management. Books, internet references, specific plans For me, I like to program my trades around specific risk/reward targets. My primary target is 5:1 risk/reward. If that doesn't work out I am looking to cash in at 3:1. I consider anything...

Lil D I am a fun loving guy. I am fun loving and friendly. I do have a slight problem in that Cool Whip is such as easy target. If I want to get in his head, its just not very difficult at all, and sometimes I can't resist. Sorry. On the other hand, I do like to help with good info. For my...

Don, Thats nice of you to explain it. You are a much more patient person that I. I am always surprised that people would rather speculate on what goes on instead of learning the truth. For those who have some interest in knowing the details just head on over to the exchange. You can buy...

Yeah, actually it does. If you daytrade, it matters a lot. If you swing trade, not so much, and if you are a long term investor, then you need a different focus. One way or another you need to know how to manage risk. Good luck, Steve

Risk management is either on or off. Either you learn to manage risk, or you never amount to anything as a trader. The "Who's the best" crap doesnt mean anything. You want to really talk risk management (I doubt), but what the hell. Real effective risk management is programatic. That means...

You know, Just before leaving I have had a change of heart. It seems to me that I was wrong. After all, who could doubt you when you post trades for us all to benefit from. I do apologize, and just to show that I am sincere, please do share more of your wisdom about risk management. I...

"I'll start first. 1) I consider myself one of the best in risk management. And reward hunting." Thanks for the laugh. You suck as a trader, but if you ever get a job as a comedy writer, boy look out!!! Another place you could be a great success is writing dialogue for "World...

Hello Folks: There are a lot of traders (or wannabee traders) who think that there are no rules, everything goes. There is an underground industry of ET members who simply make a living scamming newbies. For them, this is acceptable. I define my world. I want to be proud of my work, my...

Sorry couldnt resist. By the way, there is a new and (in my opinion) illuminating post over at the thread "Steve46". Check it out. I am guessing that it puts the last nail in the coffin for Samson/Tradefox. Merry Christmas Ho Ho Ho Steve "MP" 46 :D

Ladies/Gentlemen: Following is the text of a PM sent to me by an ET member whose handle is "Tax". He has kindly permitted me to post this, and I am doing so. You can see the entire text. I have removed his email address as I did not get his permission to post that. If anyone wants to...

My alias is "PenisPower" perhaps you are thinking of me. How can I help you. Steve:)

Thanks everyone. Its unusual what you folks have done. I am thinking that its going to be a cold day in hell before a newbie will buy trading material from Samson/Tradefox or his "mentor". This is turning out to be a neat Christmas. Bye Steve

Hey: Just one man's opinion. There is no "kiddee pool". Everyone is in the deep end. You either sink or swim. That is why it is a good idea NOT TO TRADE until you have your ducks in a row. Do a lot of reading, pick a market that looks like it might interest you and watch it closely...

Hello Pat: Just wanted to wish you Merry Christmas Good luck in the markets in '06 Who knows, maybe we will get that "tender bear" market you have been waiting for this year. Steve

Hey Thanks, I only have a few moments here, so I want to say just a couple of things. first it is possible for a historical tendency to also show statistical significance. In my opinion, the statistical tests that you could do are to show you what the limits of your edge are. For...

Glad to help. By the way, @Risk is a product by Palisade. www.palisade.com They put out a variety of Monte Carlo Engines. If you are lucky, you can find the student version. It is available as a DVD that is part of a book. Unforunately I do not remember the name. If you find it, you can...

Sigh: Mark (NihabaAshi): Sorry to see this go on so long. As you can tell, this old gentleman has a "blind spot" (I am hoping to put this as gently as possible) regarding this subject. Apparently he does not understand that you are offering materials that are YOURS. Materials that YOU...

Sure no problem. Here's your "constructive" comment. Thinking, hoping, wishing, observing from day to day, isnt the way you determine whether or not you have a tradable edge. Doesn't mean you wont make money. Just means you may not have (likely you dont have) a true statistical edge...

Try to make sure its not a documentary OK?

Yes it is just a matter of time. Since you don't have an edge, your system will at some point just stop working, and you will know that because the string of consecutive losses will grow to a point where it is psychologically too much for you to handle. Depending on your account size, that...