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Let's do some simple math This week so far; Avg win = $307 & change Avg loss = 2X Avg win + $180 One would need to maintain a >73% winning average just to remain marginally (and I mean barely marginally) profitable And a lot of unnecessary digging out as you are aware...

And just how the hell do/ would you know that - till after the fact ===================== Don't fool yourself SH.., you simply got damn lucky today - no skill involved whatsoever One of these times you won't Those who refuse to learn from history.... RN

Get flat The emotional capital you’re expending is irreplaceable..., you’re completely helpless / powerless Exit and regain control ==================== Btw; Imo if you stick this out and by some outside chance it goes in your favor – in the long run that’ll screw you up...

Niko, Random thoughts See if you can equate it (chop formation) to a time of day / time prior to an announcement/ low volume times In stocks (recall I’m a stock tard) I find chop “typically” follows the morning session – so I've come to anticipate its arrival around 11:30 ish...

You’re Welcome Sir And I agree, this thread is a rare gem RN

Damn that's disturbing RN

No kidding tip of a very dangerous iceberg http://www.sec.gov/news/press/2008/2008-211.htm http://www.jconline.com/viewart/20130822/NEWS/308220016/No-flash-crash-3-hour-Nasdaq-glitch http://news.yahoo.com/bats-exchange-says-accepting-orders-again-184429535.html RN

Deceivingly easy JIH… Truthfully there are no words to accurately describe just how hard this step is (or will be to the extent we make it on our self)… Worse still – very few can.., or ever will – understand / appreciate that (my wife/ kids certainly didn't)...

TD Thank You Sir just a junior bot doin - what a junior bot can :p RN

Hey JIH I see you’re tryin to bullshit a bullshitter :D You know how…, already have…, and even stated such.... So how about allowing a dumbass redneck to spell it out and show ya ================= Three perfect examples; The steps are always; Identify...

This is your journal… and your journey Where do you want to go? ===================== Aside; There are 3 aspects to trading.., which must all work in unison (and harmony) The trader The approach/ methodology The tools Imo the trader is the most important of these three...

Would be for today... next week... next month - your choice (eta of the day) What's stopping you He has to figure it out for himself - as all traders have RN

Would you like me to extend you the same offer numb nuts, maybe even double it :) http://www.elitetrader.com/vb/showthread.php?s=&postid=2527318&highlight=%245000.00#post2527318 RN

Mkt (price) is never wrong - period We on the other hand...... ================= Just trying to nudge you in the right direction And please don’t take my comments as positive or negative – rather objective You prefer I stop posting in your thread – simply say so...

You think that even possible - seriously very naive.., not to mention egotistical and delusional RN

Your post describes two diametrically opposed approaches to trading And requires almost opposite skills (I said almost) And I would bet you don’t understand either ======================== Your post also explains, in entirety, the problem You’re not damned – you’re...

You're missing my point get over not having losing trades some trades will lose - period keep the damn things small keep the damn things equal otherwise you are trading erratic / implementing erratic risk management RN

PM, Just something to ponder If this were my PNL - I’d be concerned Not that I lost… or even lost over 2 consecutive days (though admittedly I’d look hard into this last one and figure out why) ========================= But I would be very concerned my losses were over...

Sweet...., keep on truckin RN

“man-ing up” won’t work – you’re touching your very core now Our default way of being will always revert back to our subconscious Change it, you've then changed your behavior for good Courtesy of OP007 (he’s good people) I wrote that little ditty at 4:30-ish this...