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Plenty of people with genius level IQ, excellent pattern recognition skill, strong mathematical understanding, successful careers as doctors, accountants, engineers, and so on, fail at trading. Profitable ideas are a dime a dozen. Profitable systems can be developed from these ideas through...

Cornix and I observed each other trading live for quite a while and we were both trading off stuff we saw happening on charts (in real time during active trading hours) and we were both profitable for many days in a row. There was a pattern to what he was doing and a pattern to what I was doing...

You know, that was just one day out of hundreds of days. It was very narrow range poor price action day and I was fly fishing for a breakout. I finally caught the big fish and turned a small losing day in to a small profitable day. I had a similar day last Friday, reduced to scalping small...

Take that, Smudgens! :p

Yeah, well, you'll never guess where I sold the NFLX calls I forgot I had! :D

I just bought some AAPL @ 444.44 based on the high probability "Yoda" signal: "May the fours be with you." http://www.youtube.com/watch?v=vSJNeXrCbE4

All he'd have to do is whisper "There's no bad entry in a strong trend" in my ear and it'd be all over...

I prefer to think I'm "pretty" "smart". Jack's older than dirt. I don't think his vision's good enough to tell what I look like. :p

Spot on.

There is a debate because there are times of day when the price action becomes just downright silly. When this happens, the day traders become bored and to prevent the consumption of too much vodka or weed, they look for the "TA Doesn't Work" debates to engage their brains (which are at risk of...

So that big 5min hammer off lows is really a high probability long, but I can never bring myself to take a first entry on those and usually miss a nice counter-trend trade.

I edited my earlier post, out @ .88, lol

Too funny, we're all trading about the same entry on that one :D Oh, same exit too, I was out .88

Great news, guys! Turns out I had accidentally placed my order for 2000 contracts and didn't even realize it until I find out just how high this thing will go, at which point I'll let you know exactly when I sold the other half :p

Darn, I'd offer to buy you a mansion, but my money's in Nigeria as of this morning! Let me see which OTM options from yesterday produce the biggest returns today and I'll let you know how much I made on the trade; maybe I can still help!

Buy and hold makes sense for those who have to be right. It can still fail, but if you're very selective and hedge properly, you can end up "right" 99% of the time. For those of us who are making a living and want extra to retire on, or who want to amass wealth in 5-10 years, day trading and...

Yes, that day I had 11 trades and one winner, lol. But it outdid the slew of b/e and small losers. :cool: I trade between 10 and 25 times a day, BTW. I watched a micro-scalper trade and I think he trades 25 times an hour :eek:

Surf, we're on the same page! I had a 9% win rate one day and still made money! I'm gonna have to make it to one of those Surf Fests and party with you :p

No sh*t??? Holy cow, I f*cked up royally last Friday. I had a 36% win rate. I gotta run, the GA meeting starts in 10 mins :D

Before I was able to make my donation to Lance, I received an URGENT request from Nigerian Prince Adeyemo for the exact same project you describe above. I immediately initiated a wire via Western Union. You should be receiving the funds very soon!