Don't think I've got time to list all the wrong things I've done in trading. Plus, some of them were not wrong to try, else I wouldn't have known...
It is possible to be profitable from a very early stage. I would advise multi-day trend-following for a new trader. Don't jump straight in to any...
To be comfortable with this tactic, within a trend-following strategy, you have to accept that retrace stops don't matter. What I mean is that...
Yes, you could use trailing stops.
I am not a day-trader so I'm not able to guarantee this method intra-day but see what you think. It is aimed at exploiting trends to the maximum...
That's all I have traded for years.
The "deck" is set up for the benefit of the biggest users. So it is stacked FOR them, not against us. The system is not out to screw the small...
Investors always raise him as the premier trader when they're talking with traders. Buffet doesn't trade..
Nobody brings a child into the world to help the planet and through history nobody ever did. The planet and the world's population are too big to...
In this example, correct interpretation of volume pointed towards a trade opportunity, and I'm not going to criticise that. But just a point to...
Not caring about money sounds odd at first. All money is money and all money is useful surely? So, again surely, we should care about our money?...
The higher daily high is the new high. And its a potential swing high if it follows a price rise. Its still a potential swing high whether that...
Essential post from tommcginnis. Have a plan. After that, its like anything else that demands skills, decision-making and practical application -...
I don't ever plot S/R lines on my charts - they're just too unreliable. Many traders do get good guidance from them but I would recommend if you...
Currently using trailing stops at 5-day ATR while swing trading stocks. I am adjusting this with each successive day's range of course so that the...
The most stringent backtesting which resticts itself to taking candlestick entry and candlestick exit signals is bound to show the methodology to...
Hi Ron - I won't get into a war on this but my consideration was that I was UNDER-reacting. Yes, I have read some academic studies, and I...
Academic studies on trading are worse than useless. Dismiss whatever they say, regardless of whether positive or negative. Gather knowledge from...
I would say again that candlesticks are a tool, and good for some jobs but not all, and you will need other tools. But even a good tool is useless...
Not so, though they both collect the same OHLC data. Candlesticks present the data in a more readily visual form, emphasising certain market...
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