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Yes. No. Done. :)

Thanks RM for putting me onto this market, I don't usually track livestock. Took 2 cents a pound in about 20 minutes. A wise trader once told me to always leave some for somebody else.

You must have missed my post yesterday, written for the benefit of those with no earthly business punting pork, but who might be tempted to try to be you for a day. You're an old pro and know the score - take the hit and move on. Sharia happens. :)

Impossible today. Daily price limits of 3 cents a pound. 109.85 is the upper limit. April contract is pigs born last Sep/Oct? So not too much porcine diarrhea losses? I know nothing about pigshit so won't be trading this one. Paragraph from George Horace Lorimer's "Letters from a Self Made...

I'll leave it to the audience to judge the credibility of those who are arguing an opposite point of view: In the Red Corner: "Rearden Metal" is verified to have made multiple millions of dollars day trading. His best day: Up $438,000. His worst day: Down $1.5 million. (traders who make real...

First, nobody is going to do the work for you. Most important thing to do is to learn to do the work yourself. This means using your own grey matter, not trying to copy out of a book, website, course, forum, etc. Develop your own understanding, do your own research. If you start trying to apply...

I'd say 1851.25 (last price) is a great place to exit. Dax just flirting with new highs also. As I said, hot potato syndrome soon so not getting greedy. Well done RM for another cracking call!

I'm looking at this also, but not in yet. Waiting for some more information before I'm convinced here. In fact, would prefer if we ranged and probed slightly lower for a few days before buying. (taking out the first wave of pullback buyers and encouraging shorts) Also, will likely get positioned...

That is where you are going wrong. Context. Why compare to previous bars? Is this even logical? Well as understanding this is the key to the whole market, did you really expect to find it written down somewhere for you to 'research'? Sure, there are answers. Gotta put in the work to find...

Will we ever see an audited statement backing up these boasts of taking millions per year out of the oil futures market? Sure, 20 ticks on a bad day, 150 ticks on a good day, no losses. Anyone numerate with even a casual familiarity with futures markets would immediately grasp that you are...

I thought others could learn from the outcome (a rise of four cents). I already knew how to position. If people are interested in this, somebody could post a daily chart. Does anyone else find it interesting that this market has risen continuously since the day after the "leak" about the...

An intriguing question and one which very few are truly qualified to answer. Few know, and fewer still reach this level. However, it is for each individual to set their own definition of what they view as acceptable performance / outcomes in this business. Taking nothing away from those...

No, bighog, they aren't. If that were true, there would be no losers. Donna seldom takes less than 20 ticks on a trade, and never has losses thanks to the magical break even stop. (I heard she doesn't even need to trade any more, because Glencore paid her seven figures to teach Al Brooks...

I hadn't seen this before. No idea how long you've been trading, but you need to keep your promise not to do that any more. Put a time limit on yourself. Try the suggestion above, give yourself time with it, and give yourself time to try any alternative you may come up with. Max 6 months. If...

Perhaps impressive to some but considerably less so to others. And even if it were all true, can it be transferred? If any of Donna's students are putting up six figure years (and could we get just one of them to post a brokerage statement?), then that would be evidence that she has transferable...

Thanks for your good wishes. No, still not feeling well. Actually, the times I post at ET correlate quite well with the times I'm in no condition to do much else. So I can see how I'm not exactly seen at my best. And perhaps not all will agree with the way I communicate, and to some I might come...

Sure. A squeeze was on to take out stops. You called short at so called "double top" resistance and then came on to post "what was that big spike", a spike I had been calling for on another thread earlier that day. (http://www.elitetrader.com/vb/showthread.php?s=&postid=3903121#post3903121)...

Interesting. You tell traders to go short ahead of an 80 point upside break, which will take out most stops placed by undercapitalised amateurs, backed up with a call that the market could go either way.... But you did get in/back in at the highs, so good for you! Now you still seem to be...

I stand by what I said. I know from my study that it is extremely unlikely that we would get a proper downside breakout at this point in the market. So telling traders that we could have a breakout either way isn't helpful. Sure, everyone needs to have a plan to limit their losses, but lets face...

Is everyone just talking their book here? Is it a coincidence that certain categories of trader keep calling short in this market? What are they governed by? What information is leading them to make these decisions? No, that is nowhere near your risk. Unless you're trading a few hundred...