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Max, Enough. I can see Baron and Magna were absolutely right because I was totally ignorant of the fact that there are people like you who have nothing better to do than always feel the need to be right. Magna, please close this journal for a few days and I'll PM you when I am ready to...

No. Generally when I play an option, I view it as an all-or-nothing proposition. ORCL came out with lower than expected earnings and it went the wrong way. The reason I bought it in the first place is because ORCL is one of the tech stocks I watch frequently, so I am familiar with its price...

Your equity curve has legs! It looks a little like today's rally!

Tampa and Max, If you have something constructive to add to this journal then add it. Otherwise, please take the personal bashing somewhere else. This is my journal and I don't want it filled up with nonsense idiotic sophomoric personal attacks on me. I will begin trading shortly -- when...

It clearly does not want us going to war with Iraq!

I hope your current girlfriend logs on to ET and makes that choice for you!

If a trader makes money, is satisfied with his or her progress and finds a method that is enjoyable to trade, then who cares how that person goes about doing it? Quah has something that works so far. Is anyone familiar with Murphy's Law? If your system is working, the time to fix it would...

inandlong, Thanks! It looks like my system does better in a trending market, but there is a variable in my approach that, if the market starts ranging, I'll either change a component in the system or just get out of trading for that time-period. I am currently coding the parts of my...

One of the reasons I came to Elite Trader was to look for affirmation that someone can be profitable from trading. What I found out was that everyone struggles at times, but that the seasoned traders who know how to deal with the emotional downdraw that trading can present will eventually...

They say there are no stupid questions, just stupid people -- in which case, I'd often be carrying my stupid sign. Here is a question I have that relates to some rather basic terminology. First, what exactly is an "open order?" Is an open-order one that is open to be filled, yet has not...

That is simply untrue. The markets are governed by mass pyschology. You sound like you are a supporter of the "efficient market" theory that my liberal economics professors taught in college. The markets price things in, but somethings those things take awhile to "snowball." The...

First, you have the beginning of a large group of people about to begin the retiring process. These people will want their money out of the markets because it won't do them any good to keep it in the markets. Secondly, you have a few good derivitate disasters just waiting to happen. It is...

The whole point of coding Jasper for me is to simplify the process of trading once I start some time this week with ES. It will be simple at first with just one contract. I press one button (or even have the program press it for me) and instantly it puts in my order, checks for the fill, then...

One losing day out of a dozen -- don't beat yourself up over it. I'm sure there will be more in the future. What matters most is the big picture. So far, it seems like you're doing great.

It appears we are in a downward trending market right now. ES broke 800 earlier today. This thing is going to either bleed slowly with a few light-hearted rallies, or we're soon approaching the "black day." I've got this funny feeling that this market is going to snap at any time.

Not yet. I will wire the money tomorrow. I am going to use my autotrading program instead of IB's order-entry system. I am trying to work out all the little "bugs" that I can to at least get the shell of a system going for me. I feel like I'm about to dive into the 9 foot section of the...

Quah, After looking at your data, I see that NQ is more successful than ES. This may have to do with the fact that your target and stop on the ES reside in the "noise channel" and less so in the price-path channel. I wonder what the result would be if you doubled both and made it target...

Where in Chicago? I haven't been there before but I'm sure, like any good sized city, you just go to a club somewhere in the city and hit on a good looking lady. If you have trouble, just lie to them. I've done it numerous times and have only gotten caught once or twice. However, if you do...

T1, if I remember correctly, only gets up to about 1.44mbits per second. That might be a T3.

Anyone have any opinions about this online casino? Is it legal to use within the United States? I want to play some craps.