Excellent post Don. A couple of thoughts I want to add. There is no perfect system or way of trading. Everyone has access to the same tools....
Maybe, maybe not. Here's my point, at some stage that will happen. These narrow ranges will break with range expansion. However, who can tell...
Of course, the other side of that argument could be that the ES uses up all of that energy in that early run up and we then get stuck in range....
Long side looks more likely than short side, but yet to be confirmed....longs look premature at this stage....
One of the great dangers is actually tweaking on the basis of every little loss or valid comment. Eventually you have so many rules that...
I feel at ease already, thanks. Just not sure what the result will be as this has been such a do nothing morning thus far. My stops are always...
Long here. Not sure if this is going to work.
I think studying military history is a good thing for traders. We can learn a lot of relevant things there. It is no coincidence that often ex...
I think most of the time you want to be on the side of the trend. Although, I still think that at times countertrend reversals do provide good...
The danger usually is rushing the development stage or any stage of the trading path. Everyone wants to be making millions now. Although I...
Most successful intraday emini discretionary traders are trading a proven system. That is to say, a method that has rules, but usually requires a...
It's important not to go full-time too soon. Read Pit Bull by Marty Schwartz and follow his model. Trade part-time until you have raised...
I know what you mean. However, then it is a discipline issue. To be honest, if you see really good long term results it doesn't become that...
When a trade gets rejected like that it is also a good clue that the other side of the market may dominate. Personally, I hope the long side...
System got me out at breakeven. Good trade as I executed perfectly according to my rules so I view it as a winning trade! That's me done for...
Likewise, and so you should. That's the path to success, always following your system regardless of what you think. When my system gave me...
From my memory, Spike has a good record at his market calls. However, knowing what the market is going to do is not necessary to make money...
Like buying food in running a restaurant, merely just the cost of doing business.
Hi Spike, First let me say, thanks for posting at ET. I have read many of your posts and the general principles, and knowledge you share, are...
That is maybe what you believe, but I can assure you there are successful emini daytraders. It is difficult for sure, yet not impossible....
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