Airspeed, I have added some comments on this to my previous post.
My 2 cents: a) Trying to trade NYSE without Level2 is pretty crazy, and that applies even for swings in my opinion (institutions can take a while...
Some good points on whipsaws armaniman. Good points on the trading environment too ... somewhat of a paradigm shift in the markets ... I will...
I agree. It may lead to the Nasdaq'isation of NYSE trading ... headfakes galore on the part of the specialist etc. What may emerge is a...
A $77 GAIN is great compared to my $1100 LOSS. I was cut up severely by the whipsawy action of today, offsetting my cool gains on the MSFT...
Thank you Doju for these comments. I treat money/risk management as a subjective art, so I still regard trading as an art ... but art within fixed...
I use candles because they work for me better than anything else. They show the action in the clearest and most comprehensive way, in my opinion....
Hitman, Great topic (as usual), dude! This is one of the hardest aspects of trading for me. I would suggest the following:- Have in mind a...
Today was a somewhat interesting day. I expected follow through from yesterday, and I was initially disappointed. However, when the prior day...
Per ticket broker for larger size (usually >3000 shares) Per share broker for smaller size (usually < 2000 shares)
My latest commentary on the general market can be located at: www.geocities.com/rangecontraction/capitulatoryvolume.html The entire URL is...
You will need RealPlayer: http://www.trendtrader.com/mark_cnbc.ram
Excellent topic, andrasnm. Any trader who is forced to (over)trade as a result of informal or contractual pressure by the trading firm SHOULD...
I think 1) and 8) are the most important. I don't personally agree with 5), 6) and 7). I don't agree with 5) ... entry technique is not too...
Tuesday 4th September 2001 The new trading year began today, and volume was noticeably higher. Today produced at the very least three tradeable...
The stimulatory effects on the brain of Baroque music is well-documented. Colin Penfield Rose covers some of this in his book:...
Let me clarify this! Remember that I defined success as NET PROFITABILITY AFTER COMMISSIONS, and NOT as just the frequency of winning trades....
Let success be defined by "net profits after commissions". Given the above definition, I am perhaps a) 60-70% successful on a daily basis...
Very true. But once you start trading large sizes (2000 shares and over), then per ticket charges become more attractive, especially if you are...
Hitman, My advice is simple. Keep at what you are doing until you are generating consistently profitable days (even if that only means a $1...
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