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Very nice post, Hog, thank you. As for the quote above, I spent the past 20 months learning that one the hard way. If I'd followed that advice from the start, I'd be a wealthy woman. I'm much better at that now and all that's left to do is trust myself and start trading my regular size...

Your last line says it all! Warren Buffet's trading time frame is, what, 10-50 years? I called my creditors and they weren't willing to wait that long for my big returns :D There are a few stocks I swing traded in my IRA's back during March lows and wish I'd held them. Of course back then...

My thoughts exactly, R.

Yes, it is! His book has been amazing for me. I often spend 10-15 minutes on each page, which is why I'm only on page 160 despite having gotten the book back in July. He opened my eyes to so many things I never thought about before. All the things you mention above have gone into my very...

Wost part is IB won't let me transfer my sim profits to my live account! I mean, come on! I put in the blood sweat and tears to earn those profits! It's not like I'm asking to transfer starting capital, you know???

Mephisto, no worries. I only trade 1 car when trading live :) I only did the 50-100 car thing in sim recently because the sim account is huge, and I was curious to see how easily one could wipe out an account scalping small moves with large size, using very wide stops. Fortunately I've had a...

I can't log into IB on Saturdays so I'm not sure this is exact, but I believe my ES sim results yesterday came out of 7 or 8 trades, so basically around 2 pts per trade. I had 100% win rate! BUT to be fair, I used very wide stops for very small gains. So hypothetically if the market suddenly...

Vespasian, I completed the first quarter with a 53 winning days, 8 losing days and a nearly 34% return on my trading account. I then commenced to give back 37% of those profits in one month, losing almost 10K in a week in April. I've spent the months since then trying to work through the...

There were long and short trades all day today in the market and in all kinds of stocks, including POT. I netted $33K scalping ES in my sim account 90% short plays and 10% long plays. Being able to trade 50 cars a pop in sim was helpful :D But even 1 car would've provided a great day. Some day...

+ $42 Got one live trade off today.

+ $42 Short ANF @ 36.78 after the Mich sentiment numbers. I entered really late because of a distraction and only took $42 of the move. Later ANF made a strong run above 37.60 and started to look overextended. I thought about where early shorts would’ve placed their stops and offered...

8+ pts on overnight short. Too bad I'm still trading sim... :( A real gift would be if IB let me transfer my sim gains to my live account.

I've heard this same thing from several others. My husband and I are developing an ATS based on my trading strategies but with none of my foibles programmed in such as analyzing a setup while it moves heavily in my favor without me, moving stops too soon and cutting off 3/4 of the profit in the...

Check his journal when he had a much smaller account: http://www.elitetrader.com/vb/showthread.php?s=&threadid=87977

The more I look at that pichur, the more I think them ain't no SIM cars she's packin...

WHOA!!! She's got at least 100 sim cars in each buttock, and 100 more in each thigh! When she starts tossin those cars, IncNow bettah WATCH OUT! BANG!!! BANG!!! BANG!!! BANG!!!

Playing the breakout thru the HOD was easy, as price approached the high I placed a sell stop in advance as protection, then the moment price hit the high I hit the bid and caught the wave. The action is sometimes so volatile I felt it only safe to trade with the sell stop in place first, ha...

I know what you mean. I ate an M&M the other day, first one in years. It was a foul tasting POS. I KNOW they didn't taste like plastic-coasted, sugared-up wax when I was a kid, did they? Quality's gone out the window. It's all about how cheap can we make it and still call it "X"? I eat...

Is three enough? Is six too many?

Bennie, baby, there ARE indeed EXTREME margin calls in sim!!!!!!!! My sim account is down 50% as a result!!!!!!!!!!!!! I had to take $80K hits when, if I'd been able to hold my position overnight, I could've netted a $770 or possibly even $1540 gain. Marge N. just doesn't understand my...