How long have you been intensively day trading? Based on what you wrote, I think you are at Stage 1 of the three stages of trader evolution.
I admire your courage in speaking the truth. I will be surprised that this website and its sponsors will not ban you.
You described me accurately. I have an exit rule that I have never followed, each trade, every day. Sometimes I wonder why I haven't murdered...
That's a whole new perspective. very insteresting. Does it work? If I trust the market, will it stop tricking me and reversing on me? If not,...
Trying to to impose discipline on yourself is futile. I tried it for a long time, it just doesn't work. Every time I put on a trade, I violated...
We read the same first book. :) The hindsight is that one or two books are enough. But you definitely think you need to read many more books,...
It's always a good thing to have fellow traders giving out advices and comments. I like it, that's what ET is for, isn't it? Of course, it's...
Thanks, fast_trader. I tried both 1 point and 2 point stop loss, I prefer donating $50 instead of $100 each time. It takes more profitable trades...
I assume you are talking about a trend. I am thinking about a break. If the market is random, I wouldn't count on a trend, I will grab the break...
I have no target, only an exit rule. Unfortunately I cannot follow my own rule (that has been going on for a long time, I am tired of myself)....
any opinions? Thanks in advance.
neke, Don't be discouraged. There is plenty of time in 2009, you can achieve your goal! Maybe you should do more trades, like Red_Ink....
As most traders said it took them 5 years or so to become profitable, we may have to face the fact and think about it really hard. The initial...
NoDoji, I like your determination. That's something a trader needs, I think. Many traders here said it would take 5 years to succeed. I...
Let me make it simple: Short-selling has nothing to do with market crash, selling does. Why? Because short-selling is followed by covering....
Do you think those "ppl upstairs" have any clue of day trading?
The only way to get rid of this threat to the trading community is to vote him out of the office of a US Congressman. Can someone dig up some...
Please call his offices: Washington, DC Office 2134 Rayburn H.O.B. Washington DC, 20515 Phone: (202) 225-6416 Eugene Office 405 East...
In the book "The Three Skills of Top Trading" the author said the game IS rigged: "These pools consisted of investors who would find an...
Thanks to all, who posted here and PMed me. Very appreciative for your advices!
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