For me, opinions cost me money, I trade what I see. I have one chart up on my screen, five minute ES. I never have a clue if Dow is up or down....
Watch the DOME, normally in ES on both bid/ask volume are over a thousand at least 4 of the 5 price levels, when this volume dries up to much less...
I have always found it interesting that new traders want me to part with my trading method that took me seven years to develop and have traded it...
You can get with your broker and cut you off at a certain money loss for the day, that will make to trade tighter. I still trade though when...
Failure has nothing to do with stop size. Trading unfounded untested methods cause the most losses. Frustration trades are another huge loss and...
Are you asking how much you can lose in a day trading, or asking what you should use as a limit? You can lose all of it in one day, many things...
Trouble with most people, they want something for nothing, and cause of their greed, they throw their money away. How bout next time you want to...
my teeth, hope the dog didn't run off with them again
I started long ago trading long term, had to as commissions was $125 for 100 shares. Evidentially I went to long term commodity trading before day...
What often happens is inexperienced traders place stops beyond pivot highs/lows or highs/lows of the day, ES especially, price is driven past...
There is a huge variance in preparation for all traders. Many have a long list of what they look for as far as overseas markets, pre-market, how...
I have learned that all markets have it's own personality, yes they all have chart patterns, but IBM does not trade like DELL even if both deal...
Actually, I have more risk management rules, been trading S&P/ES for over two decades, it has become rote. Just too old, lack of patience to do...
I find in my own trading to have a "Firm Set" amount of rules, so when price does certain movements, I do the same thing over and over again. Am a...
Still one cannot predict in the next minute whether your heart will continue to beat, no one can predict price movement.
It took me a few years to figure out I don't learn much anything from my losses, but what I needed to do was learn everything I could about my...
I just sit and trade five minute ES and play solitare all day. I suppose if trading forex that would be more important.
Find the last high and low pivots of past several bars, if price stays within these confines, market is in chop. You can also use a 9 EMA and...
Trading is not like playing the violin and decent traders are not going to mentor you on hourly schedule unless of course they suck at trading....
It is not covered by the tax payers, the U.S.Postal Service runs on it's own. That is why it is in the hole by millions of dollars. Some of the...
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