You say "couple times". That's too little to draw any meaningful conclusion. You need to get a statistical mindset. Try "The disciplined trader"...
A client of mine has a theory: around the 40s, the man (male) finally acquires a balance between his two heads. :D GS
Your metaphor is flawed. You can't easily and safely take a physical concept like momentum and bring it into trading. Markets are not linear. The...
LOL
I trade equities and only use market or stop orders. I don't use limit orders anymore, I've found they do more harm than good to my systems. If I...
Yes, and for the same reason it's also one of the best way to get convinced about how useless many trading ideas and intuitions may be. It's great...
Hi Norm My system is composed of 484kb of C++ source code for core trading algorithm, broker API communication (IB) and low level stuff. I...
Welcome aboard, Vercetti.
Very nice picture. Florence people would love if Arno always stayed like that... -GS
41, living near Florence, Italy. Trading US equities part time for 6 years now. Gradually switching to full time.
Yesterday I did another dummy trade. In the first hour the markets were going down quite sharply, so I decided to put on a short trade. I looked...
Hi Spydertrader A couple of questions on entries: when the symbol fails to reach low band DU volume, MACD and Stoch levels by 11:00, you give...
You're right, I got a little confused. But not in the sense you're pointing out. I was mistakenly assuming a 6% profit target on the position,...
Hi Razor Your numbers are correct, but you're assuming a 6% profit target on your trades. I think this could be a little too optimistic. I've...
Razor: I didn't try to short anything with dummies so far. I have rarely used shorting, actually. However, I plan to do it soon. I'm beginning to...
I have always been convinced about the value of backtesting, yet a simulation may have a hard time taking into account every factor occurring in...
Well, I had actually set the stop order exactly at 7.00, and got filled with no slippage. I'm experimenting with several levels of tightness...
Another one. Bought at 7.25, stopped out at 7.00. I wasn't able to exploit the big upward spike. -GS
Just closed another dummy trade. Bought SCLN yesterday at 5.59 and sold today on open at 5.83. I'm using both 5 and 15min bars. -GS
After spending some time studying the pattern, it seemed pretty sound. So I decided to give it a try. Yesterday I did 3 little dummy trades,...
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