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This is by far the best journal thread on ET. I have learnt a lot of things reading your posts everyday. The main thing I learned was that trading the eminis w/o a specific strategy or some type of proven edge is deadly. Trading on pure gut and "tape reading" skills is a difficult game...

We could be setting up for the real bear market. As a trader u have to be ready to accept everything and anything. --MIKE

Take the day off today? --MIKE

Exactly... first it looks like a nice lil pullback... then the market shows u its true colors. I've been building quite a big short weeks ago in the IWM and unloaded most of it in the selling. I would only re-enter short again if the market has a feeble bounce of the lows. --MIKE

I have an idea.. How about enough of the theoretical crap.. and someone start actually trading this system live with real $. When u actually put $ behind something u will learn a lot more than u think. ---MIKE

Notice I used the word "only." Thats not how it necessarily should be.

Pete... i just want to share my thoughts of your thread. I looked the entire thing over.. and I still dont understand exactly what u do.. and I am sure that most readers agree with me. You try to be clear and make things look simple.. but in reality its far from clear. I think thats why u...

Your welcome... that was a very honest and well stated post. --MIKE

Let me contribute what I believe is a gold nugget for trading.. U keep on referring to your losses as errors or mistakes... thats a big problem. A mistake is when u hit the wrong key by accident or screw up an order accidentally. When u place a trade.. u are making a decision based on...

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Good point about weight loss. Take all the people that are in great shape. A lot of it probably to do with better genetic health than others.. which is simply hereditary and can never really be altered naturally... This doesnt mean that they can never become fit.. but they will defitantely have...

Nick we are having a good discussion. The few turtles that made it.. were not necessarily successful because they were simply taught. There was another element to success that they possesed that the others didnt. What is this secret element? Its probably a compilation of thousands of...

Gary thanks for that awesome post. You just sound like someone that is sincere and legit. What exactly is a tight rising channel? Also.. do You look to take positions after a fund breaks out of a sideways base.. or do u frst wait for a trend to be established? --MIKE

Totally false. Many things about trading can be learned from reading and outside sources... but non of them will make u a great trader. I read all of Schwager's books and not once did I read one of the Market Wizard's say.. I started to make money after I read this... or I started to make $...

Its a patten going on for a while here on ET. If it was tradable I would take a full position everytime.. lol Someone starts a rather intellectual thread regarding system trading.... then Jack flexes his abstract thinking muscle.. struts his crap that no one really understands and diverts...

Nothing wrong with sharing ideas and having discussions. But a lot of it is in the presentation. MaxMin claims as if he is doing the trading community a favor.. he claims he is giving back to the community. His light bulb turned on and now he is a successful trader. Problem is.. that his...

Ask Mozart who taught him to compose.. Ask Tiger who taught him to play golf... Ask Welch who taught him how to run a company... ask Soros, Dennis, Seykota... who taught them really how to trade.. ?? It all came from practice, experience, and from within. You can teach someone how to trade...

Maxmin.. The funny thing is.. that most of the best traders I know that make serious money.. dont rationalize a fraction as much as u do. I agree trading has a lot to do with psychology but sometimes it just gets carried away to another dimension. I was speaking to a great trader a while...

So a guy trades randomly as makes $2k paper money. What a f***in joke. Then all the losers get together and start chear leading this garbage. ET should make a section for paper money stories. --MIKE

Just curious.. how many contracts are u trading per a position.. are u scaling them.. or are u all in and out? --MIKE