Scaling out of a loser is dangerous. By doing this one increases unnecessary exposure to a bad trade.. All traders know that if the trade is...
Well said, but here is where I disagree. I dont measure how well I do at the end of day. One day is insignificant to measure performace. I look at...
So I guess here is the real question: What's more important in really making it as a professional trader? Net dollar amount at an optimal...
I agree 100% of what you are saying. This is the biggest problem with scaling out.. taking only a partial profit, at the expense of taking the...
Interesting idea... I was wondering whether if one scales out of positions for profits they in effect smooth out their equity curve. If...
I am studying this exit... which I read off the tradingmakets.com website. I also would like to know if there are any traders using it.. and how...
I am studying various swing trading strategy and I am curious as to whether anyone employs the stop and reverse technique to their trading? If so,...
Hmm.. isnt the next post supposed to ask.. what company do you own? LAME --MIKE
How in the world is this guy still managing money? I bet when his fund is gone we will hit bottom! goto...
In the confines of a professional trader.. what you just posted is worthless. Why dont you show us a track record or some type of long term...
Please goto the thread "The big buck is made in the long term!" We discussed this issue of daytrading vs position/swing trading elaborately....
Sarasota, Every time I read ET I always see a post of you claiming to make a very high point game for the day. Would it be possible if you...
Quah, how did your system do today? --MIKE
Honestly, I dont know. Perhaps we can backtest several variations of this pattern and see how it does. My hunch tells me it would work 60% of the...
Means the close of the day is greater than 75% of the daily range. If the high is 100 and low is 50 the close must be at least 87.5. -MIKE
Just got off the phone with a top NYC trader.. and we discussed different trading techniques. I thought I would share this idea with all the swing...
Stocks would not work with his system. Mainly because of the uptick rule when trying to short. I think it would ruin the edge. Also fills will be...
I think he used the headset to communicate with another trader not his broker.... I know many traders that go into conference on the phone and...
Try using his method for the first time and you will see why traders using TWS need an automated mechanical system. In realtime its not easy......
I agree homebuilders puting in their top. I would only short the rallies into key resistance.. avoid shorting weakness with these guys. --MIKE
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