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M41, I couldn't find where on ET you post your trades, but I'd love to see how real traders like yourself read charts and trade so successfully because I'm still very much a beginner and joined ET to help me learn. I still support jb's trade signals because they're what's worked for me so far...

If you took the trades in real time indicated on that chart by HLs, LHs, DTs and DBs, you'd do fine. They're very reliable entry signals that provide low-risk stop zones. The hard part is staying in the trade when a pivot point becomes the start of a new trend in your time frame. I usually...

No, a thesis isn't necessary, but I'll post a visual snapshot of what can happen when you think price is overextended and trade against the trend without waiting for some kind of confirmation. Also, anyone who puts on a position just prior to an earnings announcement is either a long term...

Sim traded ES using the 2-contract strategy that DblArrow suggested. I faded the open quickly, almost catching the exact top. Took profit on half at 2 pts, then stop to b/e for the rest. This worked great, netting nearly $300. Had I traded 1 contract and taken profits when I had the overwhelming...

Yes exactly what I'm thinking. Sent you a PM. I'm glad you enjoy the journal. I'm ready to grow as a trader any time now :D

The problem is this: I've had many winning trades turn into losers since I started trading, so I want to at least lock in a b/e trade if price moves a certain amount in my favor (usually .10-.20 cents depending on the spread/volatility). Then often the move looks very solid and so I move the...

Sim traded only, focusing on trade management. Continually cut my profits short by 3-4 times what I took off the table. Some examples: Short CL @ 74.96 actually catching the tippy top of a spike, covered @ 74.87 because I moved my stop too soon; price dropped to 74.62 on that leg. Then...

No trades and taking the rest of the day off.

No trades today and taking rest of day off :D

STEC's always been shortable; FUQI is spotty when it's making highs. The problem with day trading options on these is the spread takes away the day trade advantage. Options would be fine for swing trading these. Day trading options (which I do very rarely) I prefer ultra liquid ones like AAPL.

I do have a short bias because the stocks I generally trade tend to fall faster than they rise and I have a short attention span. As an example if you look at FUQI's chart, it takes from Tuesday morning until Wednesday midday to rise from around 29.00 to the 30.50 area, a day and a half. Then in...

Hey you never know, these zombie stocks can take on a life of their own sometimes :p

They were shut down yesterday.

That's what I've done in sim and I've honed it down 2 low-risk strategies that appear to provide a decent edge in my favor and 1 high risk strategy that has worked every time (until it doesn't). The first low-risk is buying/selling overshoots of support and resistance if they result in a...

Yes, that's one rule I don't violate. Unfortunately stops are not active in after hours trading on stocks, only on futures. So my FDX stop was useless when the I returned to my desk to see a nearly $4 gap on news. Knowing that a ton of short activity had been taking place over the past week on...

It's real good. Leaves a shooting star off R, hammer off S, strong low-risk counter trend entries with stops outside the wick zone. Be sure to wait for the full candle to complete in your time frame; jumping the gun can shake you out more often than not, I learned the hard way.

-$370 Day -$928 Week Nightmare morning. Last night I checked my positions to be sure I was clear and found that I was short 200 FDX. This must’ve been from my “legging in” trade where my default qty was still 200 but I needed to cover 400, and forgot to change that, so I was still...

"Bulls make money, bears make money, but PIGS get slaughtered." Sheep get shorn. :D

-$370 Day -$928 Week You'll have to read the journal for the gory details. The sheer stealth and precision with which bad luck struck me today makes me wonder if the universe is simply testing me, or trying to tell me to get a real job... (Mr. W., tell me everything's gonna be OK.)...

- $53 Just like Tuesday, I made a profit in the morning and gave it away in the afternoon. I’m seriously contemplating a 2-hour work day… I had profitable trades on X and FFIV, then later gave back my X on a lower probability trade. It was impatience and nothing more. I shorted FDX...