[john99]

Hey Guys this is HPT,
Most of my blowups and screwups have been from doing what mcichocki said, gambling. Gambling as in, adding to losers, and overleveraging myself on bad trades. As long as you have good risk management (dont add to losers, use planned out stops, and trade the right size for your account), then you should avoid the screwups that you frequently see I have.

I believe market internals are very helpful in day trading the indices. For example, you wouldn't want to be looking for short setups in the market with nyse A/D at 3 in the afternoon and when NYSE tick extreme readings haven't touched -400 all day and the volume is below avg. These are the types of slow low volume days that creep higher all day that many traders get stuck trying to fade. I know this from experience.

HPT