What happened to him is pretty common to guys who are relatively new to the game. They take incredible risks, use excessive leverage and get lucky...
Hey, I wasn't critquing you, man, but just wanting to pass on crucial information. Yes, I think everyone would benefit from seeing other...
You churned out 68K from $2300 in 6 months and subsequently 100K from 15K in 4 months before blowing out and giving it all back. You're using...
If you're going to long everything at once, you're really putting all your eggs into one basket. Most of your stocks will move in uniform and hurt...
He might not blow up in one sequence, but if he doesn't have a better system, he'll die from bleeding.
If you have a pretty functional model, why don't you let machines do it for you? I don't know how some people do this for at least 6.5 hours a day...
Scalpers seem to have the most challenging tasks of all traders. Unless your system is automated and have machines doing all the work for you,...
I think more first-year traders blow out from single-event giant losses than from slow bleeding.
I'm not sure what you meant by that statement. In sports, yes, it's idealogical to want to win every game, but you can't carry that attitude for...
Giannos, you need mandatory stop loss exits. If your typical profits are $60, $100, or $200, you CAN'T be stubborn and watch your losses jump to...
Giannos, 20-30cents move in a 25dollar stock should not have the impact to "blow you out." You're trading size you can't handle. when i opened...
Dude, 20-30cent move, even on turtle MSFT can happen in half an hour or less. Your account should not experience that big chunk of a swing from...
Imagine if you were trading size you can't handle on BIDU. That might knock you out like a hurricane. It won't be 30cent hit, which is...
If you're getting slaughtered by 20cent-30cent moves, you should reduce your size by a ton. Other people get hit by $5-10 moves. but...
I've been following this thread since the beginning. I've noticed that Dummy Variable is only around in this thread. He's not in any other...
Dummy-variable is one of Maverick's other screennames. It's funny how the guy created screennames to respond to himself and pat his own back.
Say you have a system that determines what is presumed to be an arbitrage opportunity - wouldn't you say that strategy is a system in itself?...
Why is that Ansbacher guy making money almost every year for the past 20 years? Elite trader is a place where 95% of the traders aren't...
When was the market ever NOT manipulated? Welcome to trading and reality.
Arbitrage systems are "systems", no? I'd take that "system" over "trade by feel and hope it goes right" method any day!
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