[Reaver]

	Quote:	walterw
	Hi Adamned... I understand somehow your experience as I think we all did go thru that type of situations at some stage... The casino thing... my advice is to drop it... martingale type of money managment do not work at a professional level, it may be a fun game for some time but eventually you will not succeed with it... Being profesional on this game first means having decided where your arena will be... this decision principally its related to instrument and time frame... will you play futures, forex, stocks, options etc... then will you scalp, daytrade or play long term... Any of this decisions DO NOT give you an edge... you may loose or win on any product, any time frame... changing them does not create any true edge... Where is the edge ? your setups in relation to the market conditions... if you get to the point of "understanding" market conditions, and you have the apropiate setups for each of them... plus a superb clean timing tool.... most probably you are more near to be in bussiness... here at TL there is lots of diferent aproaches, we got market profile, market statistics, candles, vma`s, price action formed setups... you name it... all of them are succesfull techniques if applied on the right market condition and keeping things as clean as possible... hope you find here something of usefull aplication... we are here to help... cheers The Chimp.

That should be a sticky.

Outstanding post Walter!