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Here's an edge nobody can manipulate or take away from you. It's the only edge that works in all markets, with any trading vehicle, using any account size: Cut your losers quickly. You enter a trade because you believe it will move profitably in your direction. If it doesn't move in your...

Worked for me, but surely there are other ways :eek:

QT, I considered it today but too distracting. Hey, check your ET mailbox.

Hearing it put that way really has an impact. Thank you!

Oh, I forgot! I wanted to welcome spring by sharing this useful link: http://backtable.org/~blade/fnord/condiments.html

+ $265 Day + $1440 Week + $5478 Month Subtracting my unrealized losses, I am up 30% YTD, placing me ahead of my minimum required target of 100% return. :) I had DRI on my morning short list and planned to try some different strategies to add to my currently narrow arsenal of...

Very cool, 7! So many guys on ET have done the same for me. You're right, sometimes the littlest comment creates the biggest influence. Someone on a thread here recently said, "The second mouse gets the cheese" and that really struck me, reminding how important it is to be patient, wait for a...

+$265 Day +$1440 Week +$5478 Month Carrying a couple unrealized losses, but after subtracting them from my YTD, I'm up 30%, placing me well ahead of my minimum required 100% return this year. This is so cool, because I'm still trading very small size, and looking to increase size once I...

QT, that's a good idea. I realize my blotter doesn't include the time, just the date. I've been meaning to post a screen shot of a chart just as I'm about to put on the trade, because it looks a lot different than it does at the end of the day. That's why you can analyze charts after the fact...

QT, I look for short entries when the %K stochastic line (green on my charts) moves above 90, and I look to exit when it moves below 20. If I were going long I'd look for entries below 10, and exits above 80. This allows for a tight stop above or below the top/bottom of the bar where the...

GS is a mover, no doubt. I'll let you know how I do...

QT, first time I came even close to trading FAZ was that small options trade. Actually I am ready to take the GS plunge, mainly to the short side, but possibly both directions. Unless I have something in mind, I usually wait for the first 20-30 minutes to tell me what to do. moonlight, thank...

7, thank you! I want to comment on your P/L post today. I've been there often, and what I've found (and still can't manage to do most of the time) is that when you're wicked out of a trade, stick with it. Today I had that happen with BKE and I should've stayed focused and got right back in...

+ $222 (I apologize in advance for the lack of blood, but think of it as a good movie; it's the anticipation of the hero getting killed that keeps you on the edge of your seats.) So yesterday I returned from a nice afternoon in the park with the dog (“When are you going to trade WOOF?”...

+ $222 Nice day's work, Red!

Any particular reason why you didn't take a nice profit on NKE calls the day before expiration?

Jack, I always hold HOTT until it hits my target profit. It's been ranging between the mid 8's and the high 9's for a long time. Wal-Mart launches Twilight this weekend and that is HOTT's sole claim to fame over the past 6 months, so the pressure will be to the downside as everyone who bought...

Hi degu, Long time, no talk to! That Covestor sounds interesting, but I think if I were "ranked", it would negatively affect my trading. I'm trading for a living, and I already have one big negative against me: I'm still very much a beginner. So I need to stay focused and keep in mind my main...

HOW TO HANDLE DISASTER: First, have convo with the smug half who hijacked the profitable part of your ORLY trade and took $850 in profits yesterday: NoD: "ORLY gapped up after hours on news they are being added to the S&P." Mr. NoD: "Just hold it until it's profitable." NoD: "But...

And I would like to add: Hermit, you are mean! You aren't my friend no more and my ET family says I'm not allowed to play with you no more! (J/K, Herm. Part of the game, my own damn fault for trading the wrong strategy on this one. We're cool :cool: