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- $95 Just 2 trades today. Taking rest of week and maybe month off. best to all!

Let me say that there is a gentleman on ET who had an active journal (until it got spammed not long ago), who as a result of a bet was limited to one monitor and all trades through Scottrade, not a day trader's top choice for speed and low cost trades that's for sure. He is up 74% this year...

If in line, the market should stage a nice rally. However, if low, the market should stage a nice rally. Now, if high, then the market should stage a nice rally.

A trend follower wouldn't buy/sell the top/bottom. A trend follower would be adding to a profitable position by buying dips down to, or selling rallies up to the trend line/moving average, with stops in place where the trend would be violated. So in a strong trend I would venture that a lot...

You have a large unrealized gain on a long position that is in an unbroken uptrend, making higher highs and higher lows above its 20-period moving average. You want to maximize profit, and I seem to remember you took a nice profit on a swing trade not too long ago but left $200K on the table...

If by the term "sheeple" you mean "those who follow", of course they will generally be making the killing in any trend because they are following the trend, which is your friend until it ends.

+ $24 ES opening long triggered @ 1031.00 and I missed the first entry as it moved past, then I didn’t take the second opportunity because I didn’t feel there was much upside left. Turned out there was 4 pts for the taking. I shorted ANR @ 32.65, pullback from a lower high leaving an...

+ $24 Failed to take my early signals and that left me piddling around midday just to practice the physical act of trading :p

David, I came across your journal today and realized you shorted ANIK on Friday; I thought you shorted it on Thursday after it dropped and found support. Friday's gap down open and failure to move through 7.00 was indeed a fine short signal. My apologies!

If you developed rules based on positive expectancy and profitable outcomes outweighing unprofitable outcomes, then you have to trade the rules you developed. I'm one to talk, having taken one of my signals ONCE this month despite the fact that it sets up every day. Every day I second guess...

Elit, nice charts. This is pretty much how I trade. A couple of the entries you pointed out were a bit later than what I might trade, but I think these charts and your entries pinpoint one of my problems which is feeling like I've missed the trade when I don't get in at my intended entry point...

Awesome job Neke! You broke through 365,000; now that previous resistance becomes support for the next leg up :D

David, no disrespect intended, but I see absolutely NO indication to short a biotech stock that just reported good news, left behind a stable support level above the gap open, and closed yesterday under solid buying volume (full green candle). It's a good call now because it moved in your...

BP, I was about to post that question here next. I saw price creeping up in advance of the news and thought, "It looks like the numbers are already out and they're good". I figured SOMEONE knew something. I wondered if indeed this news is released to institutions in advance of the scheduled...

Chose to sit out the open and wait for housing numbers. I thought I’d be able to catch the ES trigger price as soon as the news hit. Wrong. Blew through my opening long trigger of 1116.50 to 1021.00 before I could even blink, then moved up another 4 handles. No trades today after that move...

No trades today. I mistakenly thought I could react to the housing numbers and take my ES long/short entry, but it blew 5 pts past my long entry price before I could react and I stood aside the rest of the day.

I believe he's safe from the douchebags since they haven't yet swarmed him (but you never know, it could happen suddenly without warning). It seems that journals which start with actual trades posted are "safe" here on ET, at least for a while.

- $95 Very frustrating day, based on making the same errors I firmly thought I’d overcome by having written rules, but obviously I need to say the rules aloud 3 times each morning, because out of sight out of mind is the problem. Here are my rule violations today: 1) did not take my...

Perfect breakout from yesterday's high (never looked back) and then another above it's opening HOD, and then another textbook break out of consolidation! That was the point it came to my attention and I decided AIG is going on my active list for those fantastic moves!

- $95 OK I gotta laugh because I took several days off to practice strong trade management, study various additional price action patterns I've been reading about in Al Brooks book, and especially to solidify a set of rules I printed out last weekend and obviously haven't read enough times...