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This thread wasn't started by a new traders steve, by his own admission he has five years experience. My point was that emotion really plays no role in how a trader performs. As evidence, I highlighted cases on both sides of the emotional spectrum, of great traders. Then I went on to say that...

I know it's a bold statement....and that's why I made it. While you might be interest in pulling out your old college texts and condcuting your analysis, I am not. I only need to look around the trading world to draw my conclusions. But don't take my word for it, look around and draw your own...

I trade full time. I started 5 years ago with 25k in risk money, and 1 year of expenses, and no tradeable edge. It took three months, and I lost half of my trading capital, before I was able to turn things around. I put in many 18 hour days figuring out how to trade the market for income...

There is no correlation between emotional control and being a good or even great trader. IMO, emotion and passion go hand in hand. I don't think anyone can become great at anything without being passionate. I agree with your assessment that he needs to work on his discipline. My...

I'm going to have to disagree with Don on this one, profits or profitability with this strategy can be greatly enhanced by focusing on the details. My research has proven that it's the difference between making 50k a year, or putting 200k+ on the board with the strategy. As an example, the...

The transition to a full time trader is a major decision that requires you to put together a business plan. Like any new business, it is very difficult to succeed. That being said, there is no better lifestyle when you trade well. You have personal freedom, you don't have to answer to a boss...

If there is news pending on this thing, and it's coming out on Monday...I would be a seller. This thing has already moved up in anticipation of something.

We are talking trading here...keep your personal politics out of it...move it over to chit chat where it belongs. I would hardly call it "punishing iraq"...afterall, we did over throw an evil dictator who was responsible for thousands of murders and tortered even thousands more.

No problems here.

I name my trade set ups as well.....it's just a way to talk about them with those in the know, without revealing your strategy to prying ears!

I would short one, then buy the other. My theory was that similar assets should be priced similarily. Worked great for a while, lately, not as great as it use to be.

Nice post Grob....I enjoyed reading it!

I did alot of data mining and asked myself the question, what is the $ stop that works best? What keeps me in the trade so that I have a good chance of capturing the move, but stops me out when I'm wrong? There are many ways to do this, I did mine by going through each trade and studying...

I use two types of stops in my strategies, the first is a dollar based stop, this allows me to define the maximum loss. I will also you a stop based upon the current VOL in a particlular instrument. The stop that causes me to lose the smallest amount of money is the one I use. One other...

You force yourself to put the trade on, you do this again and again until you have broken your fear. Start small, the smallest size you can trade, and move up from there. Know where you are going to get out if things go wrong, know what your risk is.

What's the difference between xtrader and jtrader? Which one is better? In your opinion, of course.

Lawyer fucked yah....or you didn't do it?

Jesse Livermore didn't understand money management. That doesn't mean he wasn't a great trader, he was one of the greatest, if not the greatest! To say otherwise is ridiculous!

Not if it is a completely automated strategy, even someone's discretionary strategy can be very valuable to someone trying to figure out their own edge.

I bought some at the close as well, I hardly think I'm a gambler!