Traders asking the average questions are already profitable, at least on smaller size (1 to 20 contracts). The reason for asking the question...
It seems like I have to explain everything in details. Most daytrading styles that lead to profitable trading almost always include, 1. cut...
Actually that is not a justification of the 1 pt issue :) What I have explained is that the performance is closely tied to a person's style and...
The 2 examples I showed has 66% winning (2 out of 3 trades). That is about what most profitable traders can do. If the winning size and...
About the 1 point / day reasoning ... just a few thoughts, During year 2000, many pros did a lot better than 1 pt/day. But in year 2001 and...
Aside from the economic numbers, a lot of small hedge funds need to mark to market their trades on month end for profit cuts, etc. Thus they...
Did have a long position on and a stop down there :mad: What happened though is that I have an alert set to warn me if there is a sudden move...
To make a living off trading is no harder or easier than creating a small business that is functional and profitable. To make a good living off...
If you go back 10+ years (pre-1998) VIX data, there are periods of VIX sitting at around 16. VIX is useful on a relative formation basis, it is...
I never thought of that ... determination and discipline do indeed have so many things in common. Thanks for pointing that out!
Discipline is not absolute. Many traders tried trading intraday and found that it is too messy to deal with, may find success in trading longer...
It is more a short term solution than a long term one. Eventually you will need to be able to handle say a series of drawdown days and the...
It could be tedious but do type in all your daily p/l to a spreadsheet and analyze your equity changes in details. Make sure you reduce those...
NeoTicker 3.1 is now available. For improvements and new features, http://www.tickquest.com/NeoTicker/whatsnew To get your free demo,...
Trading is hard. Sometimes it takes a few bumpy ride before you get it right. Sometimes it takes years for the correct realization. When...
For one thing, discipline cannot be learned - it is trained. To me discipline comes from experience like many many painful losses over the...
Most discretionary traders I know do not measure the risk they are taking. Day-in, day-out if they are making money, they don't care. The bads...
ES tends to trend better when there is liquidity. NQ is less wild during lunch hour. When TRIN is at extreme - both go wild :) Actually,...
I mean you can order APC UPS batteries directly from APC. Too much BBQ and beer today :cool:
When the power line went out couple of years back - the UPS beep, battery backup kicked in, everything looked good. But the bad battery light...
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