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I lost all respect for Buffett when I read the story on how he disowned his step-granddaughter and wrote her off completely. No adult with a smattering of human decency treats a child like that... especially a public demigod like he's supposed to be. Real role model. Since then I don't read...

nothing is guaranteed, other than this statisical reality: counter-trend fading using mile-wide stops to book +1pt ES is a 100% guaranteed failure over time. Inevitable that eventually a straight-trend smash will result in huge, unrecoverable loss. Attempts at +4 tick CL "scalping" profit...

you & real money trading = new U.S. Marine recruit skipping boot camp, basic training while being dropped off in the mountains of afghanistan to fight against hardened, combat veteran insurgency troops you have less than zero chance for fiscal survival, without proper learning and training...

Well here's a calculated reaction of many: the world needs to stop trying to feed big-money oil interests and all their dependent leeches and move full-tilt towards 100% alternative energy sources. Ten years ago would not have been too soon. If that oil slick pukes a few million gallons...

I meant the term "irrelevant" towards other sentiment books, physchology books, biography / autobiography books, etc. I read Taylor's work some time ago, which would be around 2002 ~ 2003. I found it pretty dense to read, but the gist of it is days have rather distinct patterns of behavior...

bulkowski's chart pattern books suri didella's chart pattern book all the others are irrelevant

Let's look at this another way: do you wonder why everyone advocates a 2:1 or better skew? Do you wonder why everyone who has been at this game for 10, 20 years doesn't already do that? Do you wonder why all veteran emini traders don't simply scalp for +1 tick over and over again all day long...

I've had that happen to me literally, literally 100+ times since year 2007. From then thru early 2009 it was no big deal: +8pt ES to +20pt ES profit trades were common. Back then. From middle 2009 thru present, opportunity is a lot less frequent. Gotta book at least +2pt of that when it goes...

In my career I've had many more days of up substantially early = less (or none) later than I've had little or none early and up substantially later. Reality check: there is no way to backtest, quantify, curve-fit or idealize profit results thru all market cycles and conditions. Everything we...

Every trader on earth, of all account sizes and years (decades) of experience still struggles with that. Everybody, no exceptions... just a basic flaw of human behavior. Best we can hope to achieve is some degree of self-control. More times than not :)

Sadly, that's the one variable that haunts all of us is the dreaded black-swan event... self-imposed or market induced. You did the very best you could in a dreadful situation. Had the market gapped-down at the open and fell off a cliff, you'd be rich(er) and probably enjoy a near record day...

now trading CL and ES side by side, I'd opine the CL leads ES movement more than not. All markets alike are push=pulled by the USD against real currency markets. Quasi currencies like Oil and Gold futures flex first, because they are directly hedged=priced by USD values. next comes the stock...

I was in ES trades that went +4.25pts from entry Thursday and +8.5pts from entry on Friday. Yes, it is technically possible to be profitable almost every day. It is humanly impossible to meet that performance goal every day. Doesn't happen... especially true for discretionary traders. Many or...

true that... and we're all wired very differently as how to best approach the markets I'm wired to hunt for and catch the bigger profit swings in a market. If a market is going anywhere, I can find the right side of price action to be on. I have great patience to wait for trades to mature in...

she works several symbols and markets... stocks, ES and CL if confined to just the ES alone, two 6pt sideways range sessions this week (mon and thu) make it pretty impossible for solid profits my point was specifically noted to single symbols or markets. does anyone currently posting in...

Moral of the story? Any individual trader working one stock, one commodity or one currency will have numerous net-loss days. Period, end of story. Anything purported other than that is pure fallacy. lescor has put together an amazing streak of net-profit weeks and months with plenty of losing...

There are all levels of classes in any profession. That's an admirable achievement by a veteran stock trader, for sure. Likewise the OP here... for sure Back to the topic I touched on (and the last bit I have to say about that) would be no one, not anyone is profitable every day of...

futures, or stocks? there is a difference :)

<i>Quote from bighog: Example: the small ranges this last month have been challenging on most days......... we adjust and do manage to hit the minimum nut even on the worst days..........small ranges in an index usually starts the day out in negative........ Friday was started behind 5 1/4...

... and other times it shouts, "not today, baby. not tomorrow, either" when price chops sideways inside no-range sessions with no volume, no one is making consistent money. period. veteran traders know that already and newbies will learn soon enough as for the fund managers with $$...