Read Fisher's book know it well. One of the best insights he has is that if the instrument is moving hard one way and no one can explain why, then...
Red Duke - how much time do you give your trade to work? And have you ever had times when you busted out of trade only to see it skyrocket your...
Couldn't agree more. Catastrophic stop is critical for so many reasons - power goes out, connection drops you have an emergency that pulls you...
So one of the most interesting things that came out from our conversations with traders is that you don't have to hold a large portion of the...
Cy after three entries if it still goes against you - how much do you let it ride? And also when you do get hit how bad is the hit? Is is 4 or 5...
OK, here is another valuable insight that we uncovered from our interviews. ALMOST ALL SUCCESSFUL TRADERS SCALE OUT. I know there has been...
Yea - here are my thoughts about it pre-NFP http://www.dailyfx.com/story/bio2/Yen_Firms_as_Fears_Grow_1189160007582.html One other theme that...
Kt - that's very interesting. Without divulging anything proprietary can you give us an example of an algorithm that you may use to make trading...
Yes Redduke couldn't agree more. Please understand when I use the word psychology it is not meant in the "rah rah" Tony Robbins kind of way but...
Kt - let me clarify. What I mean is that the game is all about INTERPRETING psychology, not the "rah, rah, feel good" psychology of self...
Thanks surf I have as much fund reading it as I did writing it, which is rare for me. Any parts you liked in particular?
Jack - I have never seen you trade nor have I seen any records of your trade. I HAVE seen the people I profile trade in real time with their...
One other very good technique that many of the traders in the book used was probative trading. Almost none of the traders used their full...
Dana's approach is also very interesting because he uses a multitude of strategies. This, in theory, I think is a great methodology because we...
Dana chapter is awesome - the part where he buys $1 stocks after the Nasdaq crash was just pure brilliance.
Why your daughter? Does she trade? You are right about the discipline - it takes 10 years to be a surgeon at least 5-6 years ti be a good...
The next idea I want to explore is the necessity of testing your method. One guy who was very successful trading equity made the transition into...
As I said the key difference is that they guys trade their own money - in a few cases much more than $2M - which they earned in the markets and...
True but they exit one trader in the book has only two losing days in the year to date that I interviewed him.
Yes - I think that's definitely true. Smaller size makes individual traders much more nimble - the flip side is that they can't bully the market...
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