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I have also added him to my mental retard list.At this rate he will be talking to himself.

9) well,if going short is wrong,going long must be right followed by: 10) damn it to hell..i just dont believe this...

Many ways to trade and each to their own etc but for most people most of the time averaging down is a losing strat. But having said that i also have/will ave If for example i want to buy 1040 but i dont think it will get hit so i buy too early at 41/2.In that case,if i add at my original...

And your plan for when it drops some more the next day is.....?

+1 'keep what shows you a profit sell what shows you a loss' Livermore Anyone who has made big money in the market has used this technique you describe. Most here will never do it..its a tough thing mentally to crack. But, once you have done it ,you want to keep doing it- pavlovs dog...

thanks for this thread looking forward to it.You picked a pretty wild time to start it- don't know if that will help or hinder any analysis...

Mostly not true

This. But you are emotionally not there yet,so even that wouldn't help you.What you need is a big painfull loss.It is the very best lesson.I say that because at least you have the guts to come here and show us your ass.Which tells me you don't give up easily,but you need a good lesson.Unless you...

Am i right in saying that the problem is not (or rarely) emotional,but one of a technical nature 'not going as expected'.?If so it can only be answered in 2 areas.Experience/screen time/instinct or trading rules based.How you solve this depends on how discretionary a trader you are or how...

OR... they just aren't cut out for it. failure doesn't always = stupid But i take your point -alarmingly large numbers of humans roam the earth in a state of stupidity.. but we've come a long way from the caves:)

Good to hear.Be interested to see a journal.I never asked for help when i started out so i have no idea how that would have changed things for me.Probably not much as i am a slow learner and always learn the hard way lol. But,it seems that for you,this is helping,so a journal seems logical when...

Americans and anyone else for that matter absolutely do not need to know the intricate details of these weapons of mass destruction.I think we all get the basics. What we absolutely do need to know is that a criminal is a criminal and should be treated as such.It is irrelevant whether its a...

YUP definately i thought much the same. And if i lost a leg i could still learn to walk again... if i lost all strategies i could learn to trade again...money management,all else fails without it. After your first blowup,focus soley on not losing-winners are less of a problem,right? Just by...

This is what i meant by saying everybody plays it differently,but the basic premise is appealing,After all,we are not concerned with being right but in getting paid or not losing.

Another good post.I think you can only fully appreciate this when you junk most of what you think is important and have failed a few times. The biggest part of learning to trade is the disadvantage you suffer in the learning curve compared to say medicine,where you focus on learning exactly what...

Great post.. on several levels

I have a similar approach using futures so i understand where you are coming from-the market must pay you and it becomes money/position mangement. I also ,like you,bias towards the trend or unwind if i see weakness/strength coming in. I also have similar problems if i am biased the wrong way at...

It's amazing how everyone knows how this all plays out,who's responsible.etc. And the biggest joke is they know we know (the known knowns) and that there isn't a goddam thing we can do about it. Its like the mafia as some one alluded to-you are just unlucky or careless if you get whacked,but...

Just 4 guys? wow really? i can't tell you how much that makes me pray for a serial killer.About 2 to 3 months,job done.

Fine,if you are on their side feel free to carry on bankrolling the incredibly rich at the expense of the entire world. Personally,i'd rather not.That's not to say i like politicians anymore than you do. But of course,it's terribly bad form to allow yourself to be financially and morally...