Sleepless Nights

Most of the losing traders haven't got balls.

They don't got what it takes to stand in front of the freight train of the mind.

I only need balls and brains. I take a stand cause I got balls. If I'm wrong, I reevaluate using my brain, and I stand up again if I still got balls.

Gap traders have balls. Brains is what keep the good ones from blowin out.

The brains part is what keeps people on the right track, it keeps them doin what works.

If this didn't work, i wouldn't be doing it.
 
I find that the discussions between daytraders are really very limited. People are totally close minded.

If I said that it's possible to know the exact daily highs and lows the day before it happened, all would laugh. If I said it's possible to predict the gaps, most would laugh. If I said it's possible to make huge profits day in and day out, they wouldn't laugh, they'd scowl.

I started this thread to open peoples minds to the fact that the market is predictable, and you can profit from it's inherent predictability.

Over the last week, I predicted alot of things, all within given parameters. Not only that, but you can see from my realtime journal that using this information, I was able to make huge percentage gains each day with little or no loss even on individual trades.

My point is that it's possible to make huge profits in this market and all you have to do is open your mind to new ideas. Don't be a cookie cut trader (not to offend the cookie cutters).

Where are the WD Ganns and the Elliots and the Fibonaccis of our time? Why not be one?

My journal ends here. good luck new and used traders.
 
hey lundy, jsut curious, how did you handle yesterday and today? i know you double up on the gap and wait for a fill, well yesterday it basically kept on running and today -well looks like we might start breaking down. I guess i want to know how long you wait before you start taking some losses or start lightening up the load if you dont get your gap fill? thnx
 
i only double down if i'm wrong on the direction, if i'm right, i exit at the close. I handled both days well, didn't lose on either.

btw, tomorrow should gap down with no closure.

so it should be interesting. I'm short at the close.
 
well orcl didnt help that gap down, damn it, those qqq puts could make it interesting tommorow. well, lets see if ellison can say something GREAT!!!
 
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