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I'll give a serious answer, while waiting impatiently for some short trades to work: #1: The realization that trying to forecast = predict = guess future price action was worthless, and actually detrimental to success. #1A: Learning to measure price action and let the markets show what is...

<i>"but don't use pyrodex, use the real stuff."</i> I'm a Triple-Seven man myself... new school when it comes to smokepoles. SC is a beaver trapper's paradise. Would love to spend my winters down there in the swamps, pounding beavers and other fur :D

<i>"Northern lights is that potentttttttttt stanky stank!"</i> The bear hunters better pack their bongs and stay inside the cabin this afternoon... buying dips might get expensive today. Short ER 826.30 = stop par Short ES 1458.50 = stop par let 'em ride

Short squeeze? Today? That blunt you're holding in the photo must be packed with northern lights, not a marlboro light.

<i>"Crystal? Screw that......I can think of much better things to do with 500 bucks."</i> I should certainly hope so (laugh). Not to mention wine & lobster are pretty rich to digest this time of the day. Lunch for me is tuna cassarole and two Blue Lites at the local tavern. Shoot a...

<i>"I still believe that the bulls own this market"</i> Wrong. Traders own this market. We print our own paychecks at will... up or down with equal aplomb. Flat at the close, not a care in the world once the charts turn off :cool:

<i>"If you start out with 50k you can have much more wider stops. Like for one contract you could have a 150pt. stop loss on 1 YM contract. What a nice scenario that would be !!! Room for the YM to play out and a better chance for you to have a successful trade."</i> With all due respect...

<i>"Let's do some mental backtesting. Just close your eyes and think about what happened the last 999 times the ES went down 0.5% intraday."</i> Well... I can't speak for you or <b>eqt</b>, but this is pretty much what happens to me intraday during similar events:

<i>"where no matter what sector etf you bought it was going to make you alot of money."</i> Really? What did you buy, and specifically when?

<i>"you really have to build your mental status CHEAP to always seek the DEAL"</i> And with that mentality, you aspire to be a profitable daytrader?

After your first cup of coffee, you might wonder if there's any reward yet. Better question is, "Can the ES tack on a +20pt gain since 12/15/2006?" There's no risk in CDs... but more reward there in the past three months than long ES from 12/15/06. Remember... you cannot buy the high tick...

<i>"So a land investment would be a huge opportunity cost for me and simply a dumb idea."</i> That part is entirely true. To some of us, the intrinsic value of land is much more than mere $$$. I'm personally talking about money outside of speculative trading accounts. Enjoying the benefits...

<b>saxon</b>, good work in exploring possibilites. I can absolutely assure you that concept will not work. The ES does not regularly fill longs on the bid or shorts on the ask. Countless times per week I have 10 - 20 lots sitting in que while those prices are hit, no fills. Price action must...

<i>"i discuss general concepts with the general public i would NEVER reveal a profitable strategy to anybody but a paying client"</i> Ya get what ya pay for in life. Charity time is best spent helping the helpless... children, elderly, poor, ecology, wildlife, environment, etc...

Someday, everyone will understand that reality in blunt fashion. Until then, 100% upside to go! (wince)

<b>KGB</b>, I agree with you 1,000% :)

Heck with the leases... I want ST whitetails, wild hogs and bass ponds!

<i>"And if its not true, it soon will be as soon as enough market participants start using the system"</i> Monumental difference between "strategy" and "system". Not mere semantics... they are miles apart.

<b>T280</b>, you always crack me up! Now fix your "that's" so it is grammatically correct

<i>"One thing you can be sure of is that if someone has written a book about a trading strategy or published on the web about one, that strategy is no better than random. All profitable strategies are kept secret, they are not published, they are not patented "</i> I always get a good laugh...