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Surgical demolition. If you trade like this today, significant profits are assured.

36k in a day - nice!!!

Maybe not a day to base a movie on, but still 6,000 is a great payday, even given the position sizes and associated risk. Again, thanks for your opening your books for this journal.

Petro, excellent exit - I hope you had 117,000 of them too! :eek:

Yes, StLouis, also thanks for sharing. Forgive me if already covered, but can I ask: 1. Do you only hold for one day, and not overnight as a rule? 2. What is your primary selection criteria for your trades? Fundamental, news, chart etc?

Initial target on this?

Landis, this is great stuff!!! You actually know a trading legend! His interview in Market Wizards is tremendously impressive. I suspect you must have some grand memories and stories to tell, and have met many other super traders and engaging characters. Dare I ask - did you ever meet Mark...

Brilliant recount Landis. Monroe Trout speaks of this moment in Market Wizards - it took $9.5 million out of him in about 10 seconds. Phew!

Loki, Stay with what is tried and tested - no need to be be to imaginative when things are going smoothly. If it isn't broken, don't fix it.

RM, Given your eloquence, concomitant with your doubtlessly numerous dramatic life experiences, I would also strongly encourage you to formally pen an autobiography. This could take the form of a Marty Schwartz-type "Pit Bull", and would serve the following purposes: 1) give you a...

"I would put my money in the trunk of Reggie Hammond's car." Superb!

Hi Robert, You may have addressed this earlier in the journal, but I was curious as to why you don't trade futures. Is that that with 100's of stocks, the opportunities will always be more abundant than with 10 or so futures charts?

Martinghoul, FYI, refer to bottom of this page: http://markdcook.com/index.cfm?page=Advisory

1Reason, I note with curiosity the Weinstein name mentioned in your thread title - dare I ask, does it refer to Mark Weinstein? He mentioned finding his best trades in fading an issue losing momentum. In any case, I will ask this forum again - has anyone heard of his whereabouts or...

My laptop had an overheating problem, and was solved by placing a book or something similar under the front of the machine, hence lifting it and minimising the heat issue. May be worth a try ...

Silver, Sublime! My wife just enquired as to why I'd been continuously laughing for in excess of 5 minutes! Does ET hand out yearly awards for the best posts?

You bought the breakdown on hourly support - very nice! Profit target? Or already out on the bounce?

CF, Hi again! May I enquire as to your rationale for the "awesome" short setup at 47? Many thanks! Greg

Yoohoo, Thanks for the expansive response. Actually, I did not say it would break through, just mentioned that as one possibilty. A false break, followed by a down move, is perhaps more likely based on prior attempts. Either way is fine with me. I will more throughly study your response...

Giving back profits in the belief that that the position will ultimately provide a larger profit than if quickly in and out. CF's 42 short is an example where CF mentioned this type of scenario and the double top at 848. I would find this an unpalatable form of trading. Trust this clarifies...