Very happy with this weeks watch list. First of all I have 5 yes 5 "Kick Ass Trades" on the watch list this week and even though the odds of everyone working out I am willing to put it on the line and go for the record. See, since the beginning of the new year, I have been extremely focused on keeping my patience in check and discipline at the focus and it has paid off. The key is, knowing you are doing something right then when you falter from the path that you should be on you end up paying for it. You then adjust and correct the mistake and you "improve" going forward. Well that's has been motto all year and you should have seen clear results. Even today when i review my trades of the past week and month, It is obvious to pin point the mistakes they were all trades that either got caught in earnings (CRR, BIDU) or were higher risk non (HPS) trades (IDCC, FIO, BLWD) The other 30 trades were based on a strict methodology that kept us focused on risk vs reward by taking the risk out of the trade and forcing us to take the reward. At one point people you need to establish whatever it takes to make you apply the rules that are important to successful trading. I want to scream this sometimes but I know because I to was once a trader who was learning the ropes that I needed to find out what didn't work before I was able to comprehend what didn't work 100% but work a very high majority of the times. And that is the secret to trading. There is no Holy Grail in trading, The Holy Grail is inside you it's your confidence in your ability to trade and make a living at it. Well maybe not for everyone, but if you could you would.

Well let me ask you a question... You can go to casino #1 and play all the games poker, slots, roulette, even the big slot that offers to pay you 12 million dollars if you hit the jackpot. All the games are house rules and it is purely a casino. Or you can go into Casino #2 and only play 3 games, each games payout is limited to a $100.00 but the games have a higher probability payout or win rate. Well that's what the High probability Setups methodology locks you into. Playing the right games. Now what casino do you want to play in? Tough choice I know it's hard to sit behind that desk all day and wait for the next set up, But in these markets today this is the only way to gain the edge against the volatility brought on by HFT (High Frequency Traders) Algorithms and black boxes. You need to concentrate on the higher odds if you want to make it in the long run.

I think I got a little long winded there hope you caught my drift. and hope you enjoy the watch list its a great one

http://daytradingradio.com/10for1000