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Wouldn't everybody participating in these types of threads be better served by working more on their own trading?

This is all the more reason to be sharp for shorts. So if everyone is buying or has bought, who will be left there to keep bidding up stock? Any selling then triggers a nice landslide. By the time the guy you think is least likely to buy stocks is talking about buying stocks, and maybe...

These are the setups I talked about. Yesterday after the close the three shorts I had set up were efx, avy and roh. So last night I knew I would trade today. So since my software gave me three short signals, I traded short this morning. The most I was down on this day was 50.00, and...

Did anyone read Pit Bull? I think i did (it's been so long ago) and I think it's about Marty Schwartz. How long did it take him (while his wife worked and he focused on trading) to run his 10K to 50K then 100K. ????? My recollection is that it wasn't long....it was maybe a year. I...

Holy Crap, Batman, great friggin post. I favor the humility and patience part of it. I would include the opposite of greed...is that up there...or does humility cover it?

Some people trade and lose for the same effect. Pity, sympathy, identification as "something" (even if it's a guy who loses money) all have a value. It's better than being invisible, to that person who is doing it. A great trader said we all get what we want from the markets. positive...

If i understand this correctly, validating the person fills their need for being validated. Their ideas soon fade or they become less influenced to act on them. People want to be included, even those loners who try not to be, are attempting to stir up something that at it's heart gets...

Just as there can be many, perhaps infinite number of ways to solve the same math problem, there are likely an infinite number of methods to make money in markets. In that the methods are all different but share something in common. Further, while all methods can vary, I believe there are...

Thanks Penny. What I found in doing both for a living is one sufferes, or other areas of life kind of get sidelined. But while I believe we can have nearly anything we want, it's certainly clear to me we cannot have everything we want. This tapering comes at the best time, taxes, I also am...

OH...one other thing. You have your profit target each day...was it 350 to 500 per day.?? What is your loss target? How much can you lose with your method before you stop and call it a losing day? I think that deserves some mention in your next post. Cheers.

My solution has been this. Ill just tell it. I worked another job and developed contingency funds amongst a whole host of other savings accounts at my bank. I scale down my living expenses to 33% of earning from other job. I live in CA so it was possible to trade US stocks and do this...

With the proper use of leverage it is possible. But if you swing the other way you must adapt very quickly. It's easy to have huge days if you are, well, anyone. I believe the real skill is holding on to most of your gains after you have huge days. To me this is the challenge of trading...

Thank you Volente. I will listen and work until I do I every time.

Okay...I am going to try that. I am open to learning especially when I don't have a clue. Thank you.

I agree. I have read both books. And, Guess what, neither makes trading or let's say learning to trade better. You still have to adapt new habits. I have not mastered the habits yet, although I make money. Some days I put on what I call my "black hat" and don't plan trades, don't manage...

?????? I thought I was sort of intelligent...but my mind draws a blank.

I bet some of you guys throw like girls. :)

My experience tells me that you have the wrong goals. Maybe your goals should be on mastering trading skill, rather than some number. When you master the skills, you will be able to set number targets. If I am wrong, fantastic...I am wrong many times a day..so that's ok.

although wouldn't one want to exit in a bull trade (long i imagine) when you feel the order flow going "offer". I especially like when I see the bid disappear a few times for a few milliseconds...thats a great signal or confirmation when I am short, and a good time to scale out of a few when...

I think this is great advice. How many of you can "feel" the change in the order flow, but have it not match the traded price you thought you should have hit or whatever. I think when I feel that "order flow" as the poster put it, I scale out and in much more effectively and in hindsight I...