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It often seems so in trading forums. So many traders lead their trading lives according to what they've read or been told rather than on their experiences with the markets.

There are of course "life" issues that are never addressed by the gurus who don't trade, e.g., is one or is not one willing to sit for an hour waiting for his instrument to make one point? One lousy point. And if it does take an hour to make a point, what does that tell him about trader...

This is missed by practically everybody. If ever and whenever a trade enters a territory that he hasn't planned for and which he finds befuddling, he ought to get out. Without hesitation. Being out usually resolves tension immediately, at which point he can begin to observe and draw at least...

So you have something to hide after all. But it's all up to you.

Not without a thoroughly-tested and consistently-profitable trading plan, no. But few traders have one. They'd rather pull their trades out of their . . .

Even so, that you gain does not mean that someone else must lose. Theory's theory. Reality's reality.

What difference does it make what you post? What's your trading plan?

Or to put it yet another way: The degree to which one experiences anxiety before and during the trade is in direct inverse proportion to the amount of preparation he has done

I wouldn't say it's radical. Depends on how well understands what markets are and what they're for. If one understands all this, he also understands that random walk is silly, though it can make one appear to be profound.

In the outside world, noise is any unwanted sound and can be/should be ignored. In trading, every transaction provides information, and to ignore any of it can be damaging, if not disastrous. I may not trade the ladder, I may not scalp, but I am continuously aware of what they are doing because...

Actually, none of it is. As long as each participant in a trade finds value in it, it is not zero-sum.

Again, there is no such thing as "noise"; there is only what is not relevant to one's trading plan. Many/most/all of those who trade daily bars/charts consider hourly bars to be "noise", much less anything shorter. But the intraday trader considers the 5m, 15m, etc. to be pretty important. The...

If exiting the trades at -3 doesn't freak you out, then fine. But not everyone will react the same way. When playing with various entry and exit scenarios, however, it is necessary either to watch the price move via replay or convert the chart to 1m intervals so that one can see what price is...

Gay marriage could lead to “civil war”

On the surface of it, yes. But of course one would have to exit the first long in order to enter the short, and one would have to exit the short in order to enter the second long. Which is where the SLA and AMT come in. If you're seriously interested, I'll go on. But I don't want to play...

There is no such thing as "noise"; there is only what is pertinent or not pertinent to one's trading plan.

Actually, at least in terms of the futures market, it isn't. The key to success is a thoroughly-tested and consistently-profitable trading plan.

Since this is now the Most-Viewed Thread, we may as well. (Congratulations, MarketAddict!:))

Competition and comparison are natural if the Ego is not involved. However if the c&c devolve into willy-waggling, then an entirely different dynamic is in play. What is used for comparison will vary. If money is used to keep score (which it generally is since it has importance only in relation...

This is the near-term chart I posted yesterday morning. Almost five hours before the open. If the "trader" doesn't know what a range is, the range is provided for him. If the "trader" doesn't now what a breakout is, then he should find out. If the "trader" knows what a breakout is but is too...