brownsfan019

I was going to say - that site has been down for awhile now. Another thread dug up from the graves of TL....

Here's a question ... how does a thread that is well over one year old get new life? Normally a spammer would employ this and obviously not the case here, but I also wonder how/why a thread that is so old gets new life again... It's not meant to be a dig at anyone, I'm seriously just curious. I've never understood how that happens on forums.

http://www.flooredthemovie.com/ Very nice looking website. Looks like it could be a good one for the library. Not out until 2009 though.

Well said. Just b/c a setup failed once, means nothing. Any type of trading requires hours and hours of screen time and testing to validate any statistical reference. 0 for 1 is nothing.

Candlesticks are built for counter-trend trades. See my review of a Nison book here on TL. Just one piece of advice - the shorter the timeframe, the more important additional confirmations are needed in order to use candlesticks as a reversal signal. In other words, if trading a 1 minute chart, you NEED some sort of additional confirmation to take that candle signal. Candles in and of themselves are not terribly reliable on very small timeframes.

Nick - the way I've done it is to use those turns in the training. The key for me was to do it early and build a base. I think I took it up to 5000 level right from the get go. Then, each day I try to build up at least one more level for nuking.

I know what you mean BF. Yes, I think posting a daily blotter does add some degree of accountability, even if just a small one. If you are expected to post, then you should hopefully post - good or bad. The P&L thread is a basic accountability thread in the truest sense. There's very little to be done by all parties, but it is something rather than nothing... James, Very nice what you have here. While we disagree on a P&L thread being a waste of time, unless Soul can program a template type thing that we can use, it will be hard to form a template on our own. We could probably come up with some skeleton format, but it's back to are you just posting your P&L? Anyways, good ideas here but maybe we need to hear from Soul about any other ideas.

That's the beauty of C2 mez - they already have the auto-trading arrangements in place. All you do is put in your trades. If someone subscribers, they can set it up to be auto-traded through one of C2's brokers.

It would be nice to get something going... And soon instead of having another thread die off into the depths of TL. Anyone else interested or have ideas? Maybe it's time to start a P&L thread here???

We have at least 1 open spot on our crew if anyone is interested, let me know. We have a good group, mainly from TL.

stan - you would think so. This has nothing to do with IRT, but I have found that you can run charts side-by-side as you've done here with the same settings and get different results all the time... why? Hopefully Chad knows but I've heard everything from it's the data vendor, the exchange, your internet connection, the exchange's internet, the charting feed internet connection, etc. etc.

I see what you are saying BF... I just don't want/need to devote an immense amount of time to this either. A blog requires time and dedication. A journal requires time and dedication. And I don't want something to turn into a - please show me how you trade thread either... That's why I liked James_gsx's idea of creating a little template type thing where you quickly and easily answer the question we all get from our significant others - How was your day?

IMO, accountability for your trading biz = knowing that you have to answer to or tell someone what you did (or didn't do) in your business that day. And knowing that you will have to answer to someone should hopefully provide added motivation to get the job done properly.

You can bring it back to life email! Have at it!

What's the best way to download these directly to your computer?

Good ideas James! A scoring system could work - either based on each trade or the entire trading day. Some ideas to consider.

I realize this is a redundant thread of something I started awhile back, but after the discussion in this thread, I realized that maybe part of the issue at hand here for me is having a lack of accountability. I have a great significant other that is very supportive and willing to listen, when I am willing to talk... In other words, our conversations about my day range from me talking for awhile to "good". Usually "good" is code for, I just don't feel like talking about a bad day. And it's easy for me to leave it at that as she doesn't push too hard. I can't be the only one in our TL community thinking - I could really use some more accountability here... Maybe I am, who knows. But we have such a good core group of traders here that I thought I would toss this out there and see what is hit back at me... The real question is - how/who/when/where/etc do you make yourself accountable so that you stay on track and keep pushing for more (if you do at all)? And if you don't, why not? I just recall my days a broker where being accountable and knowing that you would be singled out was enough motivation for me to always be in the top part of the class. I simply did not want to be 'that guy' that is always struggling... So what are some ideas for accountability then? I mean, we live in a world where technology makes just about anything possible, so what are some ways that myself (and others here if interested) could be more accountable? My ideas: 1) A "How was your day thread". This is the question that is asked by our loved ones, but we don't always feel like opening up. This thread could go anywhere... your thoughts, comments, charts, P&L captures, etc. etc. 2) A straight, P&L thread as this elitetrader thread has. Simple, easy and quick to maintain. Of course, requires some dedication and honesty to work. 3) Something bigger... maybe something with videos, youtube, etc... Camtasia makes recording vid's so easy that maybe there's something here... 4) Blog. I know this could work, but I also don't know that I want to maintain one... Some ideas... Maybe James has an idea or two on the programming side that could work if there was interest. I guess it just boils down to being accountable to the point where you are motivated to do your job and do it consistently... Let the discussion begin.

James - any luck with MarketZar discounts? If not, there are free sessions as well. Just thought of this per our discussion over here.

More good stuff guys. Some ideas to think over. I may look at some sort of additional revenue source to go with the trading I am already doing. We discussed some ideas in this thread and maybe that's where I need to take this ideas. Or I may set some goals as James suggested with certain things. That would give me a few things to reach for. Here's a TOTALLY ABSURD long-term goal... become an owner in the Cleveland Browns. I know, totally crazy and would require vast sums of money. But... where there's a will, there's a way... You only live once, right? :hmmmm:

Some good ideas here guys. I guess at this point I'm not really interested in getting involved in something brand new - be it forex, gold, spread trading, etc. It's hard to explain... I enjoy trading the ES during the day, but there's not much to push forward to besides increasing size, which of course is nice. I am a goal oriented person and w/o specific goals in front of me, it's hard to push towards something...

James - I may have missed, but is the Doc that was helping in the psychology forum still around? I don't recall seeing any recent posts from Janice and I don't remember seeing any updates either. Just wondering.

For those that are trading full-time, how do you focus yourself to stay on track? And do you push yourself for even more? I'm at a point where I'm low on ideas to keep pushing and not get too comfortable in my current setup. I want to push for bigger goals. Since we do not have a boss over our shoulders or quotas to hit, it's easy to become complacent and I do not want to get stuck in a "I'm good at this level" rut. Just wondering what some have done to keep pushing for bigger and better goals in your trading business. What did you do to motivate yourself to go for even bigger goals? Is it just a matter of trading bigger size over time? Is that the simple and correct answer here? Maybe the better question is do you just keep to yourself - good or bad - or are you accountable to someone to help you stay on track? We've discussed having a P&L thread like this one at ET here at TL. Maybe something like that would help some here. I've thought about a blog, but not sure I want to put forth the time into doing it. At times, I wish I had that quota to hit or know that a boss would be calling. Back to my times as a broker, it was simple - if I did not hit my #'s by the close of the month, I KNEW I would be getting a few calls... that was motivation enough to get it done. As a secluded trader w/o a boss or quotas, it can be easy to fall into a trap of status quo when it may be time to reach for more...

Rounders is just an awesome flick.

nvest - knowing what I know now (and understand), I would pick this one book that I reviewed on TL: http://www.traderslaboratory.com/forums/f8/japanese-candlestick-charting-techniques-second-edition-1561.html Which is for: Japanese Candlestick Charting Techniques, Second Edition by Steve Nison Now, there is one caveat to why I would recommend this one... I now 'get' what candlesticks do... I understand what the candles are 'saying'. It's much more than hunting for shapes, which is what many noobs do and then claim that candles do not work... So that's the book that I would have by my side if only one.