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metooxx, your last phrase... is that to say then that those who are not doing well are not drinking? Conversely, are you saying those who excel are drinking? Without the metaphor, are you saying that those who employ the strategies they have been shown excel, and those who do not employ...

I use it on my entry but not the exit. My entry is such that - as I saw it posted the other day - the price is at a point of inflection. Let's just say that in reality the price has returned to the mean and now it is time for it to deviate from the mean. Usually, I have a good idea which way...

Are DOW futures a specialist market? I thought those were on the CBOT. Anyway, with the DOW futures not yet as liquid, it was a stop fishing thing. I remember years ago I was long some deep in the money options, and had a stop in place. "Amazingly", the market moved there only long enough to...

No guarantees asked - just assurance, and there is a difference. It is not semantics. That is why I specified that in the post. "I guarantee if you employ our proprietary strategy you will make big money" - this is a guarantee. "The guys at our firm that employ our proprietery strategy are...

Yeah but Gordon, if ever there were an over-thinker it's you. You have as much or more knowledge as anyone on this board, well except me and aphie. If you would discard 98% of what you know, and use the remiaining 2% you would kick butt. And I say this with respect and not criticism or sarcasm.

The general consensus seems to be that you are right on the cusp of time-in-service for a do-it-yourselfer trader. The time it takes to become consistently profitable seems to be around 2 years. There are many exceptions, and proprietary firms will tell you differently, but for the guy on his...

Dear EliteTrader, I have been very interested in a prop firm and have actually spoken with some representatives. One firm I liked in particular and was making plans to visit the office, although I would be operating as a remote trader. I was interested in trading their proprietary...

Moving Average Convergence Divergence

Seth I started trading again 3 years ago, using the 5 minute chart. Now I am position trading. As long as you are willing to short it is no problem. I can stay home and play with the kids, or go to the zoo, or whatever. Personally, I think it is much better. Yeah I come to my office almost...

I thought today was the first day of the new profit target and stoploss. What sort of twilight zone am I living in?

How goes the battle today guys? Edit: Ah, I just went to the nice spreadsheet that Quah so generously keeps for us. Thank you very much.

I have not kept up with the dock situation aphie. Whose factory workers are being laid off because nothing is being shipped? The asians? And I wonder if there isn't some upside to americans not being able to spend their money on imported junk and having to save it for awhile, a novelty, or...

Just wanted to add some other folks 2 cents worth: Alan Farley of Hardrightedge seems to be looking for some type of rally in the near future per today's post. And at Dynamic Traders.com Robert Miner is also calling for a low this week, most likely OCT 10, and the beginning of a corrective...

Longer time frames not only capture larger profits, but they capture larger losses also. Not quite like many folks like to believe, ie., a large reward requires a large drawdown. We are, after all, not trading someone's black box method. Combining larger losses with the gross...

What kind of freakin' solicitation is that man? What does this look like, your personal website? Take your journal and hit the brix. If those are the kinds of trades you guys pump out, I can't wait to login. Hopefully it costs a lot of money because it sure seems worth it. There Z, I'm...

Unfortunately for you it is always pointing down... :)

So let me ask this question please, I apologize if it has been answered elsewhere - in the case of a Single Stock Future, does this mean that if I am long or short the stock itself I am going to have to keep track of the SSF also? Or is there no reason to be long or short the stock, but...

It would be a good five years though! :D

Now there is real commitment. A rally or a sell-off! You are out on a limb. :)

Well the talking heads are reminding the public that we are at the lows and should find support here. The public knows to just be a little more patient and then the bull returns and they can make back all their money. They are used to holding losers by now, so there is nothing to do but wait it...