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JJ, I found the same thing a big help for me as well. Great post (yours always are). Syntrade, great link. FOMO is a real demon, creeps in constantly and I have to talk to myself to keep in check. :p

Everyone's done it, it's just a mistake, doesn't make you look like an idiot. I was planning to buy 5 option contracts once and almost bought 1000 because I'd been day trading the underlying for a long time, trading 1000 shares a pop, and forgot to change the Qty field from 1000 to 5 :eek:

Replace "system" with "thoroughly researched and tested business plan". Replace "generally" with "precisely". Read Trading in the Zone and trade your plan in a demo account until you can trade it with a trader's mindset. Not sure what "try" means here. Do you have a disability that...

Since the average person doesn't understand probabilities, I agree with you on this one.

You don't want this... http://www.youtube.com/watch?v=1Zcrb1ff1xs

For me the biggest advantage of day trading is no overnight surprises to wake up to (or have to hedge against). Also, I find that the most profitable moves occur during the first 3 hours of the RTH sessions, leaving me free for the rest of the day if desired. Day trading is also the most...

I think it's important to have at least one setup that occurs under certain conditions that makes you think, "Yes, I've been waiting for this one!" It's what I've heard some traders refer to as "high conviction" or an "A setup". If you have that, make it the only thing you trade until you...

We can never be certain in real time whether a particular price bar will print what eventually becomes a swing high or low. But we can identify the price action patterns that indicate a greater likelihood of a level holding as S/R or breaking out further. On this chart, you noted a low...

My experience backs this up, no doubt. A couple ideas that helped me: When price is consolidating or is choppy, it can reach a point where it's sooo tempting to say, "Screw this", take a break, find that you missed a fantastic move, then put on a trade without a valid signal in an attempt...

Got your request and added. For the record, I can't teach you how to predict price direction with 100% accuracy, but I can definitely teach you how to identify favorable odds to achieve consistent profitability over a series of trades :)

OMG!!! Your post just triggered an "Aha!" moment. 1a2b3c is Anek! :eek:

That's interesting because I've received several Skype requests over the past year or so and accepted all of them. Never got one from you.

I've been accused of being a stealth vendor because I've stated again and again that it's possible to be consistently and significantly profitable by trading based on technical analysis of price action, and also stated that it's possible to have almost no losing days as a price action scalper...

If I watched other markets, or paid attention to the actual news reports, I'd never put on a trade because the price action in CL so frequently marches to its own beat. As a beginning CL trader I once watched a strong trend for over two hours run two or three points without trading. I was...

I trade technical price action, here's the scoop: 1. 60-min chart, connect the Tuesday low to the Tuesday overnight low to get a lower trend line. Thursday overnight action found support there, so... 2. Place a parallel channel line across the swing high in between, the high from...

I use that term frequently; possibly I’m the trader to whom you refer. With regard to oil futures: A defined uptrend in my given framework (a 5-min time chart) consists of a pattern where I can identify one swing low that’s higher than a previous swing low, followed by a move up that...

I found myself with the same thoughts just now. The contempt before investigation, the failure to take responsibility for one's own actions, the name-calling, the egomaniacal bluster, all running rampant here. Everyone wants a magic formula and no one wants to do any work. If a book or a post or...

This is so sad. You guys need to learn to take responsibility for your own actions. :(

If you search my references to Brooks' book, it's not vehement promotion, it's a recommendation for anyone wanting a comprehensive education in intraday price action concepts. In fact my commentary a month after I started reading his book was: "The problem with the book so far is he talks...

:confused: What exactly would the fraud be? And what would a trading educator be accountable for? He's not telling anyone what and when to buy or sell. He's not managing anyone's money but his own. He wrote a book that no person or organization requires you to read prior to trading...