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R1234, I will keep it even simpler for you. Take the $1M put in the highest guaranteed annuity you can find and go sit down somewhere. When I retire, I don't want no parts of the stock market any more. Maybe trade because that's me believing in my skills set, not the stock market monkey and...

Great comment volpri and I am sorry for the loss of your daughter. I hope happiness for you and your family. Thanks for the comment.

Exactly!! If you a good trader, money should not be a worry to you. Just trade in retirement. No need to listen to Susan or the news people. They just talking silly. $5 Million for everyone to retire LMAO HAHAHAHAHAHA Everyone better starting eating crackers and riding their bikes to work. I say...

trader99, LOL, what in the world is someone going to do with $5 million at age +66 years old? This does not include social security. No seriously, how the heck Suzan can tell everyone they need $5 million? LOL HAHHAHAHAH. Sounds ridiclous. I wouldn't worry about saving $5 million for...

Yes, you are correct. From the Cleveland Brown days.

Hello, Working hard is not enough when it pertains to trading. For example, someone can spends years and years trading a purchased trading strategy called Get_Rich Strategy which buys when 13ema cross 54 ema, vice versa for sell. Use hmmmm 40 tick stop loss, and 80 tick profit target. Done...

Agreed. I work 40 hours a week, plus another 10 hours in traffic a week, 5 days a week, family, etc etc..... yet I still find time to take 3 to 5 trades per day. Andddddd study and practice on days off or after work. You have to be alll 3 : Obsessed, work hard and work smart. Working hard...

Good point volpri, I can only say for myself trading sim have saved me alot of money. I was watching Patriots game the other day. Bill Belicihick rarely get's made, but he got pissed off when someone on defense made an fundamental mistake that kind of cost them the game. Trading sim is no...

John9999, What article is this please? The read looks interesting.

Nice article but I didn't read all of it. Trust me when I say the odds of sucess fro. being low income is very low. It's very simple and have experience growing up in low income uneducated communtiy. And I can tell from my own experience: 1.When you grow up poor or low income, you think like...

Hello John9999, Congratulations to 1. Develop a plan 2. Sim trading 3. Going live. You will do well. Trading sim is no difference then trading demo if and only if you use real emotions and honesty in your real time trading and trading journal. I trade sim as well until I am confident...

Thank you FibonacciNinja for the good comments. I like your logic and example. It put trading into prespective for a disctretionary trader. I track my trades along with time in trades and I will start monitoring this while I am trading. After all, it relates to cut losers short and let winners...

Thanks FibonacciNinja, I respect your posting. It's very logical and make sense. Especially the part regarding "Your example of "regret... leads to more force trades" is a mental/discipline problem." What you said made sense to me. Would you say that "it's not going your way when you want it"...

FibonacciNinja, The problem with just instantly exiting, is what happens as soon as you exit, the trade would have gone in your favor. Then the mental brain regrets it and that leads to more force trades. I am really not understanding to just respect the stop loss you chose.

SteveH, I can appreciate your writing. Thanks. Can you please elaborate a bit on the part in blue I quoted so I am sure I understand you? I trade small time frame charts as well. Are you stating that if I take a trade within the trend, let's say on a retrace within a trend of the day, I...

Hello John9999, I am not a profitable trader, but I can only share some simple ways to think about this. I can only offer my advice as I have been there and I am currently there now. I am in the trenches just like you. The biggest issue traders face is the Lack of Improper Education in this...

Thanks lindq, I like it and I respect your way of trading. Nice work and simple

Thanks for sharing lindq, Just to make sure I understand you correctly, your strategy (in simple terms) is: Before the market opens daily: decide if long or short, enter trade, set stop loss, exit trade at end of day. Am I correct for the most part?

Hello MarkBrown, I am not an trading expert at all, so I don't want start nothing. But I believe there are automated trading systems that make money. https://www.striker.com/En0303_trading_systems_performance_ranking.php?webpageID=8&webmainID=3

brokerbombero, Hello, I have some experience with building and backtesting strategies in NT7 and NT8. So I can comment on this subject. If you are building intraday strategies for the small time frame charts, you definitely need tick or 1 minute data to get intrabar granularity. I recall when...