Reaver

Nick's right...now you're body will have a reason to be asleep.....

ha ha, is that place pretty happening these days? I'll have to drop by and stir up some trouble....:o

I agree Raul, and I think that makes a HUGE difference in the quality of the forum...as well as the credibility of the posters....

Yeah he always has such a confused look on his face....reminds me of my dog when I pretend to throw the ball down the hallway but really keep the ball in my hand....

I agree with you there....there are very few books out there that are really groundbreaking......other than that, this place is pretty much one stop shopping! Like a trading 7-11!

ha ha Thanks- Nate aka Grasshoppa

Exactly, the point I am going for is that a lot of the information here is just as good as many vendors I have seen...and its free. (I of course, encourage everyone here to consider a premium membership to show your support). Take the information here and elsewhere, filter it against your beliefs and goals..take what is useful, discard the rest, and eventually you will have a method that you have distilled and built from the ground up, so you will truly understand and believe in it. Just never fall for the trap that just because the information is expensive, that it is better than free information. If it was that damn good, chances are they wouldn't be selling it.

I totally agree with you there.

Thanks Feb. I feel strongly about this sort of thing....

Hey everyone... Recently there was a somewhat cataclysmic post in regards to a certain vendor and arguments against their viewpoints. While those details are not important, something that I said in the now (rightfully) deleted post is worth repeating: Never let anyone tell you that you cannot learn trading without paying for some sort of service or course. Never never never let anyone short change your intelligence like that. Before you pay one cent to anyone for their trading courses or anything of the sort, start here at TL and dig in to the great educational material here. There are many many aspects of trading covered, pretty much anything you're looking to learn about, someone here seems to know....so look for posts about subjects that interest you...and if you don't see anything listed, then start a thread and someone will add what they can to help. This forum is an excellent utility to learn about trading as well as share your ideas with others and have a camaraderie that can definitely instill a sense of confidence, as, by the very nature of a discussion forum, you will have engaged in the socratic method while reading the posts. Please utilize the excellent material here to get started, check out the videos, and if you're looking for books- check out the book review section to see what others here think if you want unbiased opinions. If you have spent any time on the other "trading forums" out there...you will quickly appreciate the vast difference that Trader's Lab provides. Before you spend a penny on a vendor promising you the world, also understand that even if they tell you everything they know about trading (which may or not be much) you will never TRULY understand trading from the inside out unless you really dig in, and ask questions and bounce ideas off others to distill your methods. While the opinions of others (even on this forum) will never be the answer to your trading...by reading and discussing and interacting, you will be able to drastically increase your understanding of how it all works. Ben Franklin once said: Tell me and I forget. Teach me and I remember. Involve me and I learn. Once again, the point to take home is that if you don't believe in yourself enough to know in your heart that you can in fact teach yourself to trade, then all is lost already. You must have the confidence that comes with truly understanding what you are doing. Warren Buffet once said that true risk comes from not knowing what you're doing. The main cause of fear is not understanding what you are doing. You will always have a sense of apprehension when following someone else's opinion that you haven't found to be true for yourself. This place is a great start. I'll leave you with a quote from Siddhartha Guatama (Buddha) "Do not believe in anything simply because you have heard it. Do not believe in anything simply because it is spoken and rumored by many. Do not believe in anything simply because it is found written in your religious (trading) books. Do not believe in anything merely on the authority of your teachers and elders. Do not believe in traditions because they have been handed down for many generations. But after observation and analysis, when you find that anything agrees with reason and is conducive to the good and benefit of one and all, then accept it and live up to it." Good trading. - Nate

I am in the process of studying a different aspect of AMT, but I am looking forward to really being able to dig into VSA and see what I can learn. Thanks for the info. I agree with brownsfan, there has been a huge increase in the education factor here at TL.

Wouldn't a low volume rally really just be a range extension that would more than likely find rejection, and therefore a probably reversion to value?

Sounds good Chimp. Have a good one.

Walter, I'm with Brownsfan, every chance I get I recommend new members to your posts. I agree, I don't know where you get the energy, but I sure appreciate it!

Hey thanks for the info. I will check that out....

Coffee has been in an uptrend for me lately too...I need to start getting more sleep.

duh, my bad. ha ha :doh:

Was my last post considered -dun dun DUUUN- spam or something?

Technically, if you were to limit risk to 5% per month, and you were receiving interest on your account balance of 5% or so, which isn't very hard to get right now...(maybe it will be soon if the rates keeps dropping) wouldn't you essentially be guaranteed to almost break even if you never had a winning trade, but capped your max risk?

That actually seems like a really good idea if you are of the persuasion.

Yes, very much so. I think we are pretty clear on how you trade.

Check out http://www.cisco-futures.com if you're looking for straight-up market generated data and figures...

What the hell? Really??

I actually just remembered my favorite physical training activity...throwing on a pair of cleats and letting my dogs chase me all around the back yard. Hard core..You will be on the ground gasping in no time.....and getting licked to death while you're trying to breathe...It builds character. lol

That's an interesting concept. I had always heard it was a bad idea, but never gave it much thought....It's never bothered me, but then again, I'm only 25...maybe I should look into a different format...