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Suddenly, coming to ET is fun again.

Happy Birthday from the son of a Marine.

Please go back to calling tops and bottoms in the market.

I bet the guy flying that cessna changed his shorts shortly after he landed.

Patience young man. You just responded to the answer you wanted to hear. The answer is no way. Can you make a little money? Possibly I gave you the expectancy formula earlier. You didn't get it. You responded by telling me 50 bucks per trade is no problem, but forgot to figure in your...

Thanks Donna. I was going to start there, but haven't done algebra for awhile, so I was inclined to that first.

I answered your question, and since you don't know what the hell scaling out is, you say no one can answer you question. Jesus. Scaling out is what you implied in your first paragraph where you would sell the first three, and hang onto the rest for more. BTW, what are you trading 3...

Ok. Let's start with the last sentence of your first Paragraph of your first post: Expected return = ( .90 * .5) - ( .10 * 1.5) = .45 - .15 = .30/trade On one ES contract, if I'm not mistaken (I'm more of a stock and SPY guy) that is an avg of 15 bucks per trade before commissions? It...

The former.

I used to watch some of squawk box in the morning and then turn it off when that fat blowhard came on at 8 central. Now the TV doesn't doesn't even come on in my office until after the market closes. It is pure trash. Trash is distracting. Yes it hurts. Watching the tape to help you...

Oh god. Pink sheets. Nuff said. Hopefully he learned from it.

Maybe tell him the year hasn't passed, follow the damn rules and then you'll talk? If you decide to help him early, I guess I would ask him the obvious question? Why did you break the rules if they were working? You and I know the answer, but he has to figure it out. He obviously hasn't...

But then again, I just saw him dancing with a midget and a donkey during commercials. So maybe everything is just fine.

I'm watching him for the first time in months, and it sucks. It used to be great because he was himself and they just let him fly. Now it's like the network got ahold of him and told him to be an idiot. And what the fuck is with the robot in the corner?

There it is. Many have done all kinds of backtesting to give themselves confidence, but can't follow through. I would say psychological BS getting in the way is what most traders don't think will apply to them. It gets in the way. Dealing with it sucks. But you get through it...

I put that delusional moron on ignore long ago, but unfortunately when people quote him, his stupidity is still able to ooze through. But I don't mean to be rude...

Me too. I thought What the hell is that clown Sykes up to now?

Anyone own one of these? I just saw the Top Gear test drive. http://www.youtube.com/watch?v=8DfHyGD7_pM It's fast as hell in a straight line, but it seems like it would be a pain to own, unless it's a second or third car, and you don't get too far from home.

Pretty damned good lesson if you ask me. I wonder how many self help books this lone statement could replace.

+1. Figure out what the hell you did wrong and don't do it again. Unfortunately, sometimes it takes years to figure it out.