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Excellent , Excellent point. I have a quote in my trading journal which i put in a ways back that says "losing trades are always filled". I did this because I used to have a problem of playing market maker when a good trade came along and usually missing out. Now if I like something,I hit...

Good point. Didn't Van Gogh cut his ear of or something. Yet his works are considered masterpieces.

I always loved that scene from TRADING PLACES where Dan Ackroyd tells Eddie Murphy "In this building it's kill or be killed, fear , that's the other guys problem, are you with me!

You're on the right track. When I first started out some very well meaning people advised I supplement the trading activity and I didn't listen to them. Without going into details, I should have. Trading takes a great deal amount of time to learn for most and you give yourself the best chance...

I was wondering what some others thoughts were on this. As markets become more and more electronically and globally traded, does the standard midday lunch hour still apply? I take a break and eat when I'm hungry not necessarily at 12:00 eastern as I'm sure others do. Volume still shows heavier...

Confuscious say: He who has time to make fun of other peoples methods have very small account!

Maybe you should change your signature to FULOFIT! You could start a whole new thread category. We could call it the Masterbater, oops I meant Master Trader.

A bumper sticker I saw one day: Be a go getter! Take your wife to work and go getta!:p

Anybody who has surfed through ET lately may have noticed that I have made several posts regarding the positive mental aspect of the game. Lately I have come to realize that some may misunderstand exactly what a positive mental outlook is. So I thought I might bring some clarity to the...

The problem with mentors is that they will try to teach you THEIR method and it might not be right for YOU. Then if you fail, the conclusion could be drawn that you just didn't have it, which may not be true. My advice would be to figure out what sytle of trading you have the most aptitude for...

Trading of course! If I knew of something else I'd rather do, I quit and start pursuing it.

"Whether you think you can, or you think you can't, you're right!" Henry Ford

I was just wondering how you determine just what the so-called herd's position is . From where I sit, there is only a market tendency as it trades at certain price levels. My job is to exploit that tendency until it no longer exists.

Yup! Agreed

History is filled with many examples. For arguments sake though let me draw an analogy for you. Take public speaking. It is common among many people to fear speaking in front of a large group of people. Yet it can still be done by these very same people. Their natural tendency would be to...

First off let me preface by saying that I by no means want to come off as "Joe" trader. If I have then I 've goofed big time. My motivation for contributing here at ET is this, over the years I have gleaned information from others which has helped me progress. Some technical in nature, some...

Thanks for reply Jake. I agree with you. The humorous aspect of trading is that the simple is hard to do. A paradox i suppose. All traders struggle with psychological issues. It never ends but it they can be overcome. That's the hard work part. It's not just about sticking your head into a...

I would like to address an idea that came to me that I think would be of benefit to newer traders. There is a certain mystic that surrounds successful trading and often times it is perpetuated by some traders because it assuages their egos. I'm definitely generalizing but often you will...

I agree, and this is good advice. As it was told to me once before, pay attention to the time frame(s) larger than the one your trading in and make sure they support your position.