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Nbkid

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    TradersLaboratory.com
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  1. Yes -- i know exactly where your at. Let me say this -- and take it for what its worth. We all have an opinon of what the market will do. But the market doesn't care. It does what it wants --- not what you want. Therefore --- if your looking for success in trading ---------- and if you don't control price ---- it controls you -------and does what it wants --- then success can only be if one FOLLOWS the market instead of putting your parameters on it. There is a very subtle difference ---- but when you whittle it all down to one sentence --- it is this. YOU MAKE money following the market --- therefore DONT THINK --- LOOK --- and do what the chart says ----NOT WHAT YOU THINK. That is the foundation. TO SURRENDER -----------not fight. You can try to swim upstream --- or you can float downstream. If it makes any sense to you ----- then you can build a plan off of that if you think it through in that manner.
  2. You've lost your nerve in trading due to error. You sound like you changed your trading style -- by going after small profits ---then changing back to swing style. You have to go with one style ---and stay with it. I know a day trader who pulls 1-2 cents a day from corn and soybeans. And when he does ----and it goes up 18 cents after he got out ---- he could care less. Why ? Because he has a system that works ---and makes money for him in his style. He is focused on dollars per day ---- and not what the market does otherwise. He could care less. Each set of trading must have specific rules ---- and if you have them documented --- in order to change --- you have to change the trade rule ..................... Bottom line ---- you can't change trading tactics without rules ----- and if you have no dicipline ---- TURN OFF THE SCREEN after you put in the stop. If you have a good system ---you'll prosper. If you have no discipline to see it through --- it will be a tuff road. Hope this helps --- i've been in your seat before.... thats the only reason i mention this.
  3. the one thing good about tick charts is that we sometimes want to remove time ---especially in off hours when volume is lower than the day session. This can help maintain the "pattern" or wave look of price performance ---- without time skewing it.
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