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Affirmative action lending did not get us into this mess. Subprime mortgages did not get us into this mess. Putting lipstick on pigs and selling them to large institutional buyers in mass quantities via the projected expectation that there would never be a pull back in growth (unsustainable...

Do not fail to place risk management first, before anything else. A loss is a gain when taken early. Know in advance of every trade your max loss and NEVER NEVER NEVER violate it. I owe the fact that I'm still in the game to the ET community, especially the gentleman I latched onto as a...

Is your friend on the line for a bonus if you make a 100% return? :D :D :D

Boosh, I could be your color commentator. You know how much I LOVE to write. I am the Stephen King of trading journals: "The jobs report was two iotas less dismal than anticipated and, before the open, hope hung in the air like the fine mist from a lawn sprinkler on a warm spring day, the fine...

I think I will be laughing at this all weekend :p

If there is one large defect I carried with me into this career, it's the statement above. I've always been a perfectionist (another trader's defect, though not as bad) and very competitive. As soon as I eliminated this personality defect as a trader, I welcomed a loss as a gain: I'm out of...

+ $326 Day + $1462 Week Have a great weekend everyone!

+ $326 Day + $1462 Week Offered 32.80 ORLY, filled, THEN I took my bathroom break and returned to find ORLY down significantly. Covered @ 32.32 based on L2 action for a very quick $240 gain. Looked to short ORLY again as it ran up, but it pulled back before I made the move, then I was...

Wow, missed that, the Ask must've scared a noob short to death. And me, in the bathroom without my laptop, what was I thinking??

+ $420 I participated in the ORBB this morning (Opening Range Bathroom Break), which cost me a superb ORLY short entry above 33.00. Short ORLY at what I thought was 32.85 and got 32.71 slippage on a quick drop. Covered @ 32.39 oversold for a $156 gain. Short AIPC @ 32.93 via IB, only...

Blotter.

+ $420 ORLY ORLY Income Free! (Hermit, will you still love me when I put on the trade from hell? It happens to us all, you know it :D )

I attached a screen view of Market Depth. I also have a separate Time & Sales view, separate little window that shows the real size that's going down.

I'll pretend to be Ben and answer for him: "I'm trading the day before earnings. Have you seen what a gap against you can do to your capital without a limit on your losses?"

Bob, thanks :) That is too funny! It's all relative; I wiped out 20% of my profits end of January in one day, but I trade a fraction of your size, so it doesn't look as scary :eek:

Win, getting clobbered happens and what don't kill your account makes you stronger. P.S. - the prospectus says the T acts as a bullet-proof vest only if worn 5 days in a row :p

I am not very good at that yet. I've moved stops to break even, only to get stopped out, have it not quite hit my original stop, then move very nicely in my favor. It really depends on the trade. If I'm trading something near major support or resistance, I may give a little extra wiggle room and...

This really works :D

L2 is market depth, yes, and prints fire off to the right of the bid/ask exchange listings.

Elit, I've seen certain things happen that have indicated specific price movement. One thing is when prints keep firing off at the Ask despite the appearance that there are more sellers than buyers lined up (I'm shorting, so I imagine it would be the opposite for longs). This generally indicates...