MightyMouse

A similar type of performance anxiety has been known to lead to erectile dysfunction. Be careful to not let this anxiety spread to other parts of your life.

Livermore was great man, a man of vision and guts. And there isn't even a plaque, or a signpost or a statue of him in that town! Someone put a bullet through his eye. No one knows who gave the order. When I heard it, I wasn't angry; I knew Jesse, I knew he was head-strong, talking loud, saying stupid things. So when he turned up dead, I let it go. And I said to myself, this is the business we've chosen; I didn't ask who gave the order, because it had nothing to do with business!

It is going to be tough to fill the shoes of "Breaking Bad".

Humility is important when you are in a losing trade. I would not recommend being humble in a winning trade.

The best part of trading at home was the fantastic acoustics created by tile floors and cathedral ceilings when I scream expletives after a series of losses. Other than that I function a lot better when I am in an office than at home. Two hours with dogs? Do you spend that much time each day with your wife and kids?

If you had really meant it for mits only, then you would have PM'd him. I am not able to put you on ignore, because then I wouldn't be able to know what you are going to say next.

You could have set your stop loss where you should have originally entered if exactness is important to you. If you got stopped out, you would have lost only 2 ticks plus commissions instead of just the commissions. If you held the trade, you could have made 17 instead of 19 ticks. Mistakes happen. Sometimes you benefit from them too.

I read the " I like Monkeys" story and do recognize that I alone am responsible for my actions, but I do feel a need or a sense of a need to blame you for making me completely waste unrecoverable time.

Very nice. Wannabe vendors banding together.

Support is a loosely used term in trading. In the context of this thread, it is being used as a tool to act as a buyer. It's best to think of support as an after-the-fact phenomena. Where either, as you noted, buyers who wanted to be long stepped in or where short sellers decided to cover. What they did last time, may or may not influence what they do this time. And, they may or may not even be present to act one way or the other. Support fails when there is an abundance of supply. No buyer who knows what he is doing will step in to buy when there is an abundance of supply waiting to dump; likewise, no short will cover if he expects more supply. He/she would rather wait to buy at lower prices. He/she (the trader who knows what they are doing) would never buy at 96 because that is where price turned last time. He/she might expect weak buyers (who we can categorize as supply and not demand since they cover quickly) to act (buy) at such a price, but if categorized correctly, the buyer will piss his pants and dump soon. Weak demand, then, is essentially future supply. A weak buyer is not necessarily an unskilled trader. Weak pertains to his/her conviction to direction. An HFT fund, which holds for no more than 20 seconds can act as weak as a 1 lot trader who trades using a moving avg cross over on a 5 minute chart. Frequently, just below "96" or below or above any pictorial support or resistance level, there is an excellent area to liquidate a trade in the opposite direction of the support or resistance.

96 was not support. Don't take my word for it. Look at the price record. Yet, you stubbornly insist that 96 is support. So is it resistance now too? Is that the methodical dance of price? Novice thoughts produce novice results. Again, you can't escape the consequences of your reasoning. Keep simming. It is safest place for you to be while you learn to trade.

Price went right through 96. it also went right through 97, 98, 95, and etc. It (96) may have appeared to be a turning point on one or several occasions, but the market only had a casual relationship to 96. The evidence has bore a hole through your rational. It would be wiser to note the miscalculation and adapt, than to stubbornly hold precious the error. You may have personally assigned importance to 96 (as in if it stays above or goes below 96, something changes) and you are free to assign importance to any thing you wish, but then you or anyone who follows you will not escape the consequences of your miscalculations in the market.

Do you trade within a specific timeframe? Why was 96 so important to you? What is to be gained in your trading room?

Wait and see never made nor lost a dime. Resistance, perhaps, in certain timeframes. But in the timeframes that matter to longer term traders, its all noise in the direction of geometric growth. Higher is the better bet. Any threat of tapering will only increase the volatility. It will not change the direction.

I simply love trading.

Amazing. I remember a thread on TS that people were posting their most vertical equity curves from backtesting. It was a fun thread. I recall a few resulting in billion dollar gains starting with 10k. Timing is critical with random entry since you are relying on luck. If you go to a casino with $180 intending on playing $5 on your birthday number on a roulettle wheel, how different will the results be if you arrive at 8:00PM or 9:00 PM? If you play at table A or table B? If you go today or tomorrow, etc? If you have your favorite shirt on or not???

Gorgeous curve! Comes with a cold and hard slap of the invisible hand of reality too.

There is no bottom here. Efforts are best spend finding a nice place to be short. Expect to see the 80's in a bit.

MM is my altruistic alter-ego.

Nothing is better than being in a winning trade. It is the reward you receive from proper analysis of a market and execution of a trading strategy. The manifestation of patience, persistence, and confidence.

Your dashed line seems to be in a consolidation phase. I would expect it to stay flat.

Your size has a lot to do with your scalping success. If price reaches, say, 1735.25 and there appears to be a momentarily endless supply from one or more traders, then bidders run scared and prices drop, usually, pretty hard. Traders who have size have a huge advantage scalping. If you're not using volume when volume is available, you are watching a movie with your eyes closed or listening to music with ear muffs on.

The gold digging whore thinks she is a winner; however, soon she will be forced into touching the skin and atrophied flesh of an 83 year old, dealing with the odd aroma that 80 year olds emit, and despising the repetitive stories that 83 year old are prone to tell. Soon she will learn that money isn't everything and a dildo is her best friend in the household. You can bet he has a solid prenup.

I have asked, but you have not responded. I want to send you money so I can trade under your tutelage. Please let me have your account numbers so I can wire money to you.

You'll likely have losing years and winning years from time to time unless you are very lucky and you only experience winning years. As long as you keep trading, you'll experience losing periods where it feels like you can't do anything right. Hopefully, you'll be able to identify these periods for what they are. If you can't, then the market gets control of you. However, if you know what you are doing (how to trade, what trading is, how markets work, how to manage money), then those losing periods end and you can and will win more than you lose even if you do not experience more than average luck. When you enter a trade, you hope to take either a small loss or a large gain. On paper it looks like a simple plan. The rest of the market hopes that you take very little ( small gain) if you win and leave a lot (large loss) if you lose. If you are losing consistently, then you are allowing the market to control you, since you are taking small gains and large losses. There really is no other way to consistently lose if losing is the issue. You could be transaction costing yourself broke too even though your gross profits exceed your gross losses.