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You're starting from exactly the wrong position. If you're not "getting out of bed" because you enjoy trading and because you enjoy the challenge of trading well, you should put your wallet back in your pocket and find something that you do enjoy. Trading for the money is stupid.

And that's why so many traders fail. You'd have more fun just going to the casino. Or playing online poker.

Exactly. One shouldn't even be thinking about the money during the session. The focus should be on trading well.

The problem is not having a thoroughly-tested, consistently-profitable trading plan, which I really ought to abbreviate to TTCPTP, but it sounds like something you'd inhale.

Actually, what would most help them to reduce their failure rates would be to stop losing. Then they can begin to consider profits.

And here we are at 90. Either we return to the mean or we don't. Those who've read the content know what to do.

I remember the Gorilla Game people at TMF back in late '99 and early '00. They believed fervently that what they called the "gorilla" stocks were well worth what was being asked, if not more. Even when it all began to unravel, they held on to the last. I tried explaining that there can be a vast...

But sim isn't "real". Sim is for sissies. Real men just man up and trade for real with real money and just punch their way through.

Try twenty. People use margin, heavily, they fund their accounts with credit cards, they take out second mortgages. Granted the line between a large, weak ego and an addiction is fuzzy, and cognitive dissonance plays a role, but, yes.

If one has trouble even meeting expenses for nine years, it adds up.

True. But considering that most traders consistently lose, $100/day would seem like a bonanza. Before one starts counting the money, he must first learn to trade well.

1pt trading 5 contracts is a bit more than $20.

Unfortunately, the trader who ultimately loses believes himself to be much better than he is. So however or whenever the ego intrudes, he encourages himself to put on ever-greater size, and eventually he blows up. It's hardly an uncommon story. Those with healthier egos will learn how to...

Ego. And it doesn't take a psychologist to understand this obsession with "size" considering that it all comes from male traders.

Looking for 3590 to 3510 tomorrow. We'll see how it looks tomorrow morning. Incidentally, I uploaded an update to the SLA-AMT pdf at TL. It includes TDTDB.

Baron said nobody was using it, but a lot of people never even knew it was there, and there were no instructions provided on how to use it. We tried it, but the room kept winking out. We just assumed it wasn't ready. Perhaps it will be given another chance.

Here's one you may be interested in: http://www.traderslaboratory.com/forums/wyckoff-forum/15385-wyckoff-law-supply-demand-auction-markets.html

I suppose there are people who can see everything, but I'm not one of them, and having several pairs of eyes scanning the landscape is helpful. A shame that the ET chatroom was deleted.

Those who are interested in trading rooms -- chat rooms are just that -- will benefit from the pdf below:

Habit. AMZN and INTC aren't doing any better tho: