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haha :D Looking at one instrument all day can get boring. Even a beast like oil can be like watching paint dry at times. Watching multiple markets and the "global money flow" helps take the boredom away. Making money should be the priority over thrills anyhow though.

Good1, Very interesting and thought provoking posts . Kind of reminds me of Robert Krausz market wizards interview. Anyway, thanks for your insight.

Good1 is good with this stuff . His posts are very in depth on the subject. Ego is how you perceive others to perceive yourself. So if you don't care what people think of you then you have solved the drama problems of the ego. IMO good ego management is working on focusing on the self...

Amen

Put up or shut up, I clearly stated in CL thread that I was only posting a few sim trades testing some new stuff. I also stated I don't post live trades because I don't need to be fighting my ego during the day as well as focus on trading. This is from TF , NQ, CL, GC today. How did you do?

2000 hours of getting straight up kicked in the balls, 2000 hours of getting punched in the face, 2000 hours learning how to stand, 2000 hours of learning discipline, and 2000 hours learning to knock the other guy out. Total 10,000 hrs go. and thats just the beginning . Now you have to...

Personal Near Death Experience is probably the only thing that could really change the mind of a hardcore atheist in to believing the intangible. You say "lack of oxygen to brain" ... I say, You'll find out soon enough.

I currently use .05% per trade risk. 2% daily stop. I try not to limit upside but do limit downside.

One could post a profitable method on the front page of the newspaper and 95% would still mess it up.

Hope everything works out BCE, Some of the mods take their "job" way too seriously. I mean a couple post off topic from a poster who has been here since 2002 isn't going to kill anyone. All the best to you BCE.

You have the freedom of choice. Whatever choices you make have consequences either good or bad. Choose wisely. Amen

Yeah ETF's screw the sheeple without them even realizing it. I wouldn't hold one of those for more than 1 RTH session. Why not hop into furures or forex? Futures tax treatment =better

Winners, family, tits? These are a few of my favorite things. Best thread ever.

Another day another dollar, breaking necks and cashing checks, earnin' and burnin'.

100 years, over 250k hrs. I'm now 115 :) jk see PM for "my story"

92 block traded at 603 today CL Look a little more than half way down the T and S ladder you'll see it On 5 min chart Bullish hammer pattern occured right around that price.

There is a casino in MN I grew up by called Mystic Lake. The indians there get 500k right when they turn 18 and every year thereafter. Not from the government but from the casino. Anyway my buddy used to work at a grocery store near by and would always see indians pulling up in escalades...

MBA holders "the washed among the pure". They will tel you that you can't succeed to any great lengths without it. Colleges will tell you that your future depends on it. Now cough up the 100+k and 6 years of your life so you will be rich. Everyone's belief system is different. I...

V, Thanks for clearing up that for me. Ammo, Thanks for article. I thought there were 3000 lot limits on positions already. That isn't enforced yet or are they trying to make it even less?

Ok so he failed at "daytrading" because of the lack to follow a proven plan with disciplined. So now he is "investing" with a proven plan and discipline? All that changed was timeframe and not spending as much time if any in front of a screen.