MightyMouse

Ideally, yes they should be eliminated. However, most situations are not ideal.

Incorrect losses occur when you either should not have gotten into the trade, you stayed in longer than you should have, or you got out earlier than you should have. It is exactly the same for wins; however, if you can trade, then you can certainly ride an incorrect win to a really nice win and overcome all your incorrect losses. The rigidity that comes with logic really doesn't belong in the market. Use the other side of your head. Keep losses small and ride a winner until it is drained. What happens after you get in is far more important than what happened before you got in.

Let's say that you have an overnight transformation from the trader you are to a trader that can consistently earn 5% to 15% a year. With the capital you have, can you survive with that return? if you can't, then you have your answer.

Rule number 1 is remember all your rules.

It helps heroin addicts in the detoxification process. Tams, it was a back handed compliment.

It's based on the number of posts and threads you are involved in or on. The higher your IQ, the more addicted to trading you are. Your status is market wizard which is the equivalent of someone needing Methadone. Did I say addicted? I meant passionate.

Do you really think your system is smarter than you? If you coded it, it would be 5, 10. 50, or etc. lines of code. You are a lot smarter than x lines of code aren't you?

I like the idea of a global government. The Global States of America. It has a good ring to it. I think is should be clear to those who lent money to Greece that they cannot pay it back. There are only a small hand full of times when a government has paid back dept and they were extraordinary circumstances; otherwise, they all defaulted on money they borrowed. Early on the US failed to pay too but that is long forgotten.

True on the original short, but theoretically you could have ended up with a billion shares too if you added to the short. And then shorting a round lot of 100 shares would be worth 160,000. But, when I am dreaming about a trade that I wish I did, I don't inject the dream with reality.

Wow, that was the short of a life time. You could have retired if you caught it and rode it.

Of course! Fear has to be dealt with and for most people it should be easy to deal with. If it's not easy then they are approaching it the wrong way or they should really find another career. I say it's easy because most people do not have the type of issues that would make it difficult to deal with fear. Most of the time it is a misapplied emotion. Unbridled greed is bad. That is the greed that I believe you and most refer to when you consider greed as a negative. On the other hand, greed is what creates excess wealth. There are few people who have amassed fortunes in any field that were not greedy. If you want to make money trading, then you have to trade in small profits for large profits. A lot of times when you make that trade, you would have been better off with the small profit instead of going for the large profit, but you won't know that at the time and then you'll feel anger (maybe violence sometimes). Without the large gains, you greatly impede your ability to succeed. So, I think, a healthy dose of greed is good for a trader. Anyhow there are no absolutes. Things can be looked at from many different angles.

If by emotions one means fear, then there are some very simple and practical things that just about everyone can do to stop letting fear invade their trading. Most won't need medication or to rehash past events. Likely those who do need medication or therapy to deal with fear should not be trading in the first place.

All you can do is lie and hope no one remembers.

I hope you are trying to be funny. They only have power to the extent that you have weaknesses. If you are ruled by your mental and physical impulses, then you get what your deserve. It also sounds like you may have vagina envy if there is such a thing. You are pointing to sources where you received your ridicules information as if the fact that they were written makes them correct. With your thinking, you can make clear cases against Jews, Blacks, Muslims, and or any other race or religion or gender not your own. No one should feel as if they wish they were someone else because they are forced into a role that they do not choose to be in because of their race, ethnicity, gender or religion. Choice is freedom.

No! You need as little as $500 of margin to trade 1 contract. The spread that you have to pay is normally 1 tick. So, with a 10k USD account you can trade 20 contracts. If the market is 1280 bid 1280.25 offer, then to get in right away you buy at 1280.25. To get out right away you would get out at 1280 and lose .25 ( 1tick ) on 20 contracts. In ES it's 12.50 USD a tick.

You have a difficult time recalling recent events. You were the one who tried to decipher what I was doing in my thread and you could not figure it out or it did not fit into your world. If you recall I was flattered. You now make the nonsensical claim that I wanted to trick you into seeing what you do for free. If you understand English, then I assure you that I have no desire to learn what you do. I care as little about what you do as I do about what anyone does. I dared you to do a trade real time with before the fact information because you constantly claim superiority and like so many of your kind, you only discuss a trade when it is already winning. You have never posted information before the fact; only after the fact. Instead of supporting your claims with fact you choose to engage in name calling, etc. because that is all you have to thwart attention from the issue that you wish to avoid. Recorded in history is the fact that I was willing to do something that you were not willing to do. The forum will judge if you were afraid of if they actually buy your reasons for not wanting to take trades live.

Oh my! I feel so excluded. Gosh how can I get back into your good graces so you will let me into your coveted class? You live in a bubble. Where else will i be able to learn how to say i am in a trade when it is already 5 pts in the money if you do not let me into your class? Ha ha ha ha. I cut and pasted your post. Just in case MMS deletes.it. I want to make sure I can show it to my son.

Clearly there are more men traders than women traders. Hard to clearly conclude that men are better if the population of men to woman traders is 100 to 1, or 1000 to 1. You can clearly conclude that overall male traders go broke more often than female traders, but you can't draw a valid conclusion from that either because of the data skew. However, since 90% of traders lose money and most are male and there are more females on this planet, we can weakly conclude that women are not as dumb as most males to try trading in the first place. Historically, men and women make exactly the same mistake when assessing whether to let losses run or cut a profit short.

If it pisses someone off or makes someone laugh, then it was a well placed comment. Life goes on.

Yes, and you have to learn how to put someone on a hand and understand the odds that your opponent is facing. If you can't read the player it is difficult to play. You end up grinding out the odds. It's a lot more lucrative when you play with the same players each time. This is possible in either garage/basement/backroom games or higher stakes games in casinos where there are fewer transient players.

Wow! I didn't realize that my post was deleted. I suppose it wouldn't have been deleted if I praised the poster. Hmm, so we can't criticize the criticizer. But, glad to see you around again. I always enjoyed your posts.

Seems like you understand it. it sounds like they won't let you trade if your account gets lower than 1250. If the 2000 is not part of a larger pool of money, I would wait before you make the donation. With 2k you won't be able to use futures market leverage to the fullest capacity. If you have, say 25k, you can start a trade with 2 contracts and lose with those 2 contracts, but if you get a winner you can end up with as many as 20 contracts with that broker if you do it right. if you make only 3 pts on 20 contracts, you made 60 pts and only ever had 4 points at risk. You can't do that with a tiny account. MM

Ingot, My post was a statement in fact. If the person that it was directed toward doesn't like it, there is little i can do because he is the one who created the fact. As part of the deal, I risked exposure too. The truth about me would have been learned. I cannot change fact and I can direct you to the posts where the refusals were made. I do not believe for a moment that one needs to prove he is a guru to teach trading. Every book we have read have been written by a non-guru and all the material you absorb helps shape you. A teacher needs to be able to teach in order to teach you. If he can trade and not teach, then you will learn nothing other than the fact that you can't do what he does. However, when someone insists that he is of guru status, and is constantly being critical of others, well then let us see first hand the reason why he believes he deserve guru status. It is a reasonable request and a requirement in my mind if he is inclined to place himself in that status and give others the status of pretender. Lastly, Ingot, there is only a marginal difference between you and a trader who has survived trading for 20 or 30 years. Money doesn't fall out of the market for that trade either. MM

Similarly, the methods one uses to successfully deal with other problems in their lives are not always the same methods they can use to deal with problems in trading.