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Try 'Memory Towel' by Wagon Christ. :)

I am reminded of that old 30/70 business rule .. 30% of your clients provide 70% of your revenue and the other 70% of your clients provide just 30% of your revenue. Trading futures markets .. well, that is something else. :)

Do think the members of ET are unable to decide the question of religion for themselves. This is a trading journals forum. Use ChitChit for your religious incantations. :)

It is hard to know what anyone means when they write 'trend is your friend'. Most often this mantra is repeated without stating a formula or notion as to what trend is and when it is in place. In fact it may mean no more than a belief in a current underlying direction up or down. It may just...

In trading Grob still does not know the parts he does not know. At his age he is well past the option of getting 'a wake up call'. Parts of his procedures are Stone Age. I won't be enlightening him although undoubtedly his teachings have benefit for independent traders. :)

A plan which includes toleration of losses and drawdowns is an attempt at controlled gambling. Assuming index futures markets and intraday trading, a plan is an attempt to put on paper a full understanding of the particular market you choose to trade in, in its day long perambulations. Your...

Well the YM yesterday in the order of a 180 point move (rise) straight from the Open is pretty rare. The majority of YM daily max +/-'s measured from the Open are below or somewhat below 100. All ranges are for the player to exploit. :)

Correct. :)

And what exactly is the nature of your technical analysis. :)

What market is better to trade electronically? YM. Or probably any index futures market if you think you can get to understand a chosen market and become a killer trader. :)

Why oh why can't I stick to my plan? For losers it is not enough to sit with being a loser. To keep repeating the experience of being a loser is needed to confirm to yourself who you are. :)

What money means to you psychologically? This question could only come from someone with little or no money. Money doesn't mean horsesh*t to me. Its a nice little way of score keeping for your trading progress and it measures your accumulating store of liquid capital. There is no doubt it...

VisionTrader went silent at the end of last year. :)

You show that you really don't know at all. So there is nothing I can add which you would be able to understand. :)

Index futures are of course a zero sum game. However apparent losers likely as not are not losers. If you are hedging stocks then a loss on your derivative protection namely, the futures contract, is a gain on your stocks. Also where you close a profit to an apparent loser on the other side...

Paper trading can only have real value if done live with a current live price. You do it as testing runs or you do it as a prelude. It is not an indefinite or long term phase. It is also pretty useless to do it if you have not taken the time and trouble to understand thoroughly the market you...

It is true that floor traders can get burnt out. I was a floor trader for a time for a company where I became the chief executive. I simply find the market a fun thing from which you can take a great deal of money and keep on accumulating more. This reflects an institutional approach. The...

You seem to want miss the point: paper trading live for a novice or trainee is valuable as a prelude to real trading. It engages the brain in relation to making 'buys' or 'sells' using a live moving price. Of course first you need to have established a thorough understanding of the market you...

This stuff is interesting. But 'trading for a living' says it all. The market is the one place you can enter where you no longer have to do anything for a living. Yet that is what it seems all independent traders want .. a living. You can do your own research, study, trading model...

I have never used Scottrade. But I think these losers don't have a long term future. :)