Is cutting profits short the optimal move? Only a serious backtest can give you the answer for your particular trading system. If you are...
Pull up any monthly chart and see how the market still reacts to these so-called "old" support/resistance levels. Keep in mind that long term...
You can swing trade on the 1h charts and spend only 10 minutes a day looking for a trading setup.
Citigroup - a powerful player in the banking industry - lost 98% of its value from it 2007 peak and is still down 85% as we speak, 13 years later....
If you are winning consistently with minimal drawdown, your broker will simply start copying your trades. There is absolutely nothing illegal...
Oh no, on the higher time frames, the market can still "remember" a 10-year old support/resistance level (for instance), trust me on this one!
Did you really say almonds, the fruit, or was it a typo?
American Outdoor Brands (NASDAQ:AOBC), Vista Outdoor (NYSE:VSTO) and Olin (NYSE:OLN) all did good as well.
You can use the longer time frame for the trading signal itself and the shorter one for confirmation. Or you can use the short time frame for the...
Daytrading is fine if you are still young (not my case anymore) and have a good trading system. Scalping is a sucker game, the mathematical odds...
The problem with this long-term approach is the opportunity cost. Let's say you buy a stock at $10 on January the 2nd and at the end of the year...
Excellent point, as this is by far the hardest part : when to exit a winning position? The trader can use a trailing stop, a simple moving...
Fresh, organic vegetables from your own garden, you lucky man.
I hear you brother! :D
So the optimal move was to short Oil and buy Gold. The usual suspects. :D
Oh absolutely, when you backtest bar by bar your brain starts to see interesting (and hopefully profitable) price patterns that the computer will...
"The Trading Game: Playing by the Numbers to Make Millions" by Ryan Jones, I read it 20 years ago, great book!
You can still use the smaller time frame for confirmation. For example if your trading system gives you a buy signal on the 1h time frame then...
The advantage is that now you see things that the other traders are not seeing... :cool:
Grey, you mean the background color? You can select any color you like, grey is just the default value.
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