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There is wisdom in muliple counselors. The time, effort and wisdom shared in this thread is greatly apppreciated. Thanks for sharing.

Thanks for the extremely detailed reply. I appreciate your opinion, Sir! I've been working diligently to aquire the necessary information to trade. I really do like what you said, sim trade and get plenty of screen time. Valuable advice, Sir. May you prosper and be in health, metoo

Note To Self: Great Article People who become interested in trading for a living are often drawn to trading because they want freedom and they are interested in multiplying money. While initially most traders are drawn to trading because of the promise great monetary gains and freedom from...

Here's a great article regarding psycology and trading, enjoy! People who become interested in trading for a living are often drawn to trading because they want freedom and they are interested in multiplying money. While initially most traders are drawn to trading because of the promise...

Regarding Psycology: Let's think about the psycological ramificatons of a stop loss for example. Some traders use them while some do not. Why don't they use them? Is it because they feel they can exit the market quick enough without a need to succumb to the need to place a stop. I think...

Cruiser1: Yes many have pm me and offered assistance or advice. There are some great people here. Your point is well made regarding education. If it prevents major losses it will be money well spent. Many, many traders have confided in me their losses. Many lost as much if not more than I...

Hey Nod, I have been going through a similar trading situation. I made this note to myself and my assistant. Perhaps it will help you! If you feel I'm imposing on your journal please let me know. Each trader has their own methodology. No doubt many love range trading and profit greatly...

Hey Nod, I know what you mean about penant formations. I was short EU at about 1915 and noticed a penant formation. I had to stop and google it to make sure I really understood it. Needless to say I had to exit short and get long and currently up a few points. If you'd like to check out the...

I just purchased one at costco online. It seems to do an outstanding job. Plus the neat thing about Costco is it can be returned in up to 90 days - for a full cash refund - no questions asked. It also came with at no extra charge a two year warranty. The brand name is gereric IBUYPOWER set up...

I haven't all of this thread but what I did read sounds interesting. I like to include an article on this topic that I hope you will find of some value. I personally found it very informative and applied many of the strategies included. Good Trading, metoo Regardless of your current...

I've been experimenting with market depth recently. It helps me track the order flow. For example this morning I was able to catch the hammer bottom on ym low of the day. It started to retrace up and then pulled back down I checked the order flow and observed there more buyers than sellers which...

I found some good information in the following article, hope you find it of some value. metoo Regardless of your current experience level in trading, everyone had to start at the beginning. I suspect that the emotions and anxieties were pretty much identical for all traders early in...

Redneck trader : After reviewing your comments I had to review the ego article again to make sure I got the same thing out of it that you did. Your point and that of the article are well made. I've had a chance to do some research and seriously considered everyone's comments and...

Regardless of your current experience level in trading, everyone had to start at the beginning. I suspect that the emotions and anxieties were pretty much identical for all traders early in their development. And since then, each trade has gotten easier as your confidence has grown. That's what...

Well a golden short oportunity missed in the es. Bell rang, ding ding ding, started down pulled back to ma's @ 1003, tempted strongly to short judging by bar analysis. Looked at trin, tick no confirmation. Missed a beautiful 11 handle move to 992. I did focus on PA bar by bar. A light bulb...

Zentrickster I'm not pushing Pristine just wound up on their mailing list. It is a good article for myself and others to review. I did take a trial offer to their emini trading room a while back. If a person is just starting out and can't tell up from down perhaps it would be a good program...

Note To Self: Based on my own experience as well as working with hundreds of traders over the years, I have come to the conclusion that there are three major components to winning in the stock market: An excellent method, a customized plan that fits you, and the right mental approach. While...

Bolimomo : I concur 100% with your assessment of Pristine. Thank you for expanding upon and validating my point. I could not help but wonder if Prestine purposely held people back from making great profits in order to captivate their audience ( traders ). IMHO if we look closely at what they...

I am in the process of developing myself as a trader as many of you. I have struggled and searched endlessly for answers but as Redneck trader said SUCCESSFUL TRADING IS IN THE MIND! Therefore I now believe that if we conquer the battle of the mind we increase are chances for success as a trader...

I just want to say thanks again to everyone for their contributions. Can trading really be as easy as many suggest, coming to the market with an open mind ( unbiased opinion ) trusting yourself and just taking the trades. I will look to examine this philosophy when I get Tradestation set up next...