MightyMouse

I might find this useful. I have bee trading using American Literature concepts and didn't get too far. I think trading using math concepts might be more advantageous. Thanks for sharing.

VSA, MP, VWAP, POC, price, volume, time, candles, ohlc bars, and etc are all indicators. Each assembles historic data on a chart. If you are a discretionary trader, then you need to understand what your indicators need to look like in order to stay in the trade. As an example, perhaps, you want to stay in if volume is increasing, price is moving away from value, and price bars are making a series of higher highs and higher lows. ( Just a guess). the point of my previous post was that you need to define what you need to see in order to stay in a trade longer, what you need to see to add contracts to a trade, and what you need to see when you need to exit a trade You are getting out at the wrong time because you do not understand what your indicators are telling you and you are engaging in a very common defeatist pattern of accepting a small profit because of a fear of the unknown or some other fear. Leaving a small position as steve46 suggests is a good idea as well.

What was the successful trader selling at the Option Industry Council?

If you got out before you were supposed to you did something wrong. If you got out after you should have, you did something wrong. If you get in before you should have, then you did something wrong. If you didn't get in when you should have, then you also did something wrong. It seems to me like you might need to better define when you are supposed to get in and when you are supposed to get out so that you stop second guessing yourself. You can see how fruitful your second guessing yourself was. A really simple remedy, if you are committed, is to take your indicators and consider what your expectation of price is with each combination of your indicators. The formula for figuring out your combinations is (categories)^(indicators). Categories could be something like bullish, neutral, bearish... So 4 indicators with 3 categories would give you 81 combinations to consider. 6 indicators with 3 categories will give you 729 combinations. Its a really good exercise and it clearly defines your reasons for staying in and getting out based on the indicators you are watching. MM

The only way one will get the odds in his favor is if he controls the game.I think we all know that the game is not controlled. So, trying to get the odds in your favor is going to lead to certain disappointment.

[quote name=steve46;130908 I think I have simplified my own system to the point that my students can do this' date=' however I have not found a solution to the "attitude" issues and "lack of committment" that students bring with them to the classes....Clearly people THINK they want to do this, but what I have found is that in the end, when they find out what a grind this business is....they really don't want it...what they want is the money....without having to do what it takes (and it takes a lot) to put themselves in a position to make it. Steve[/quote] Ultimately, they do not want to do what they have to do to make money when they realize that they can't simply turn the markets into an ATM.

True, it is not the tremble in your boots type fear, but it is the deer in the headlights type fear. Nonetheless, it is fear. Fear in trading is more like intuition for traders who are taking risks that are too big for their accounts. When one takes risks that are too big, his mind's built in accounting program is letting him know that he is heading down a destructive path. To remedy the situation, one needs to use much better risk management.

Corzine has the ability to raise capital. He is only where he is because he can attract capital. The funny thing is that he just crapped out and he still has the ability to raise capital so he is still a valuable player. You are far more valuable to an entity if you are able to bring capital to the table than you are if you can trade.

Being the middle man is apparently not as easy as it seems.

On most of my trades when the direction seems clear, I start chopping the size of the position quickly if it goes against me. There is no reason for me to stay in a position that is red. I will get out and get back in at a better or worse price if the direction is the same. The dollars I risk are a function of the number of times I might trade in a day. So if it is a trade that can last one of more days or takes one or more days to develop, I will risk a max of 1.5% of my account. If it is a day trade may occur 5-10 times a day, then I will risk about .2%. In either case, I start chopping if the trade goes against me. These trades are generally high risk high reward trades but i am only taking the risk in small bits. I hope this makes sense. On other trades when the market is choppier, I have a larger stop and a smaller position. I also do not try to add on these trades which is not the case on other trades. I am still risking only about .2% on the trade with smaller size. Context helps me to determine whether the direction is clear or not. I think the better question that should be asked is " how do you limit the affect that losses have on your brain?". My answer is to make losses as small as possible to minimize the psychological damage that we all experience when our accounts get hit. It is the easiest way to manage or eliminate fear from your trading. MM

2% is far to much per trade if you take multiple trades per day. Trading size that coincides with losing 2% or less in a day is far more prudent. However, when you do get a winning trade, it is really nice when the traders you are trading against have a lot of money to lose.

A dramatic change like that would have many unintended consequences. It is also doubtful that we can encourage lawyers to create new laws that will have a negative impact on lawyers. I agree that conceptually it sounds good and I would certainly benefit, but I suspect that a flat tax will remain on the drawing board for a long time.

If you were attempting to achieve objectivity, you missed the mark by posting conservative propaganda, Both liberals, conservatives, and, additionally, tea partiers, all want to spend money. The only difference is who they want as a main beneficiary of the spent funds. If you examine the accumulation of debt under the various administrations you will note that both liberal and conservatives were responsible for overspending. Percentage increases in national debt is tipped more in favor of republicans. If the wealthy, on balance, support the republican party, then they have benefited more greatly from policy than the middle and low income population. In addition, the effective tax rate of the super wealthy over the last 2 decades has decreased dramatically. Effective Tax Rates for Taxpayers with the Top 400 Adjusted Gross Income, 1992-2007

From a traders perspective, I prefer those who lose money to me to be relaxed. It is sort of like veal. The meat is a lot more tender.

I do admit that I have as much training in psychology as you do in trading. I suppose I can take the low road and blame my wife for my miscalculations, but in my world, which you would choose to not live in, we take responsibilities for our own actions. Denial is only a band-aid on a sore that does not heal.

Your statement: "Yeah, a lot was revealed. Here is what was revealed in my mind in rereading my answer. That I should not reply to comments in a hurry as my wife is urging me out the door so we can go out to dinner." is the only basis for my comment. It sure seemed that you were blaming your wife's urging you out the door for your errors that you normally would not have made. Perhaps you do harbor some anger towards your wife and subconsciously want to blame her for things that really have nothing to do with her. There is much to be said for clearing these demons from your subconscious, allowing you to take ownership of your own mistakes. Or, perhaps you do not harbor anger and are merely following a primal script akin to a caveman beating his chest when his wife refuses to make him dinner and makes him take her out instead. I am the fool for speculating but I think it is rather clear that the finger of blame is pointed to your wife for urging you out the door for your grammatical errors.

So, then, your wife is to blame for your errors. It's not a stretch to assume that she makes you make mistakes in other parts of your life too. Want to talk about it?

You shouldn't let a stroke interfere with a good trade.

I would like to add that a lot of people who want to trade are just not hungry enough to do what they have to do to survive. When you are hungry you don't give a shit about your feelings, fears or the impact that your father had on you when he wouldn't play with you. Billionaires are in a constant state of starvation. They are broken people as in abnormally greedy. There is little difference between a billionaire and an abnormally obese individual. The main difference is in our perception of them. One we tend to admire, the other we tend to pity.

Come to think of it I used to suffer from a condition called coke d____ so I think I know what you mean.

The Demands Of Occupy Wall Street | The Onion - America's Finest News Source

'Occupiers' Clean Park Hoping To Stop Eviction | Fox News There will be resistance.

Seems to me like you have too much time to think about things. It also seems to me that you think there is something wrong with you and you want to confirm it. Your dream meant nothing then, and it means nothing now. If your thing is to want to spend your time thinking about it, then I suppose it could be a good pass time for you like fishing or gardening is for others.

He is paying his fair share. You are paying your fair share. His fair share is a smaller percentage of income than your fair share. No one is going to pay more than what the law makes them pay. The law has been on the side of the wealthy. That is sort of his point.

It depends on what you means as "work". Does spending money as inefficiently as possible ever work? The market will clear all ills better than any unnatural method. The problem is that letting things happen naturally will not get your party reelected.