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try reading the article...lmao

Great article. LMAO Reflecting on coming to Poughkeepsie when I was 24. Had job at IBM and put 50% of salary in trading account. Was making 10% every 6 to 8 days. I used blueprint machine to make brownlines for pencilling stock charts. IBM provided profs to get me through...

Bought a 21K house w/cc. Sold his house for 180k. Gave kids house down payments. Then paid off cc. This was what is called a lumpsum RM.

Sergio77 made a suggestion to you about your math. He is correct. My numbers are in your terms (incorrect) as a way of presenting what is possible to you. Toolazy also used your schema.

In toolazy's terms and using two significant figures my results are Profit = 1.1 as compared to your .2 Loss = 0.24 Net = 0.90 as compared to your .2 You also asked for trade duration; an average is 7.8 times 5 = 39.0 minutes. My post probably seems like it should be ignored as...

Thank you for your response. Yes, I would like to share anything you wish to know. I'll reread the thread to find out your timeframe. Mine is 5 minutes on ES and I position trade stocks and do sector rotation in stocks (4 1/2 week holds). Edit: I trade mechanically and do not use...

Sorry my bad. For me, that is looking back 1/6 of my trading experience.

His post says that. This thread topic seems to be: how much per trade does a trade make? Trades take various lengths of time and trades make varying amounts of money. This profit taking has to be tempered with lost time and lost money caused when trades are not profitable. I can't...

Risk is not a requirement for trading. After you eliminate risk, usually, you keep track of the points you are earning. This is done for you automatically under BP. When BP doubles you notice you are trading twice the capital from when you looked ast the BP for initial capital. A...

A person can start with nothing (very little money) and be successful wery quickly. reading three or four paragraphs on the 27 months william J O'neill spent starting from scratch is a magnificent read. Read Darvas chapter nine. How does the beginner doom himself permanently? most...

Ed is really on the mark. Failure is a symptom and its consequence is cast in concrete. this is irreversable because the mind was destroyed through decision making that lead to a belief system. Doom is a great word. A person's mindset dooms him right down to dust.

I agree failure is a symptom. And it is permanent. I luv that part.

The why's come on several integrated levels. as you have discovered there are no great how's available to you.

drive for pleasure; put for money.

They make money charging fees and commissions to those who will pay them. This is "doing pretty well". most traders do not charg fees or comissions. The objective of trading is making money in price fluctuation.

I mean, who locks a faculty lounge??? Who carries keys around a campus to unlock doors?

Those are rtl's, meaning they are sub trading fractal RTL's. I do not superimpose the geometric trading channel PA trading on this paradigm where the leading indicator of price dectates the hold/reversal trading. PA trading is done with hold/reversal and NOT done with entry/exit and lots of...

LMAO The olden days were the late 50's. T. J. Watson knew me by two names: Jackson at IBM (and in conjunction with my designating the color of TM's as the ink color Kotex Blue; it later had another affiliation with the nickname of IBM; he rejected the color but Marketing got him to change...

Thanks for explaining to ET where you are coming from. The two consequences you enjoy deal with the organization of your irreversable progress of your mind's inference. studying neurology will help you see how you passed the tipping point a while back. For dealing with the blank spaces in...