very strong market action. The expected Christmas rally has definitely began. We should be averageing about 10 points per day on the upside until early January Id assume.
lol, you making fun of me? but yes, I've been making about 40 pips (4 ES points to most guys here) everyday. posted a few plus 8's and plus 6's in the last few days. Is that what you meant?
You apparently weren't trading in 2008 (?) ... or on May 6th of this year? (the next -10% drop in one day may not come back so quickly next time). You've been trading a 'method' that works well for the current market so I'm not trying to burst your bubble, just trying to caution you. The market has a way of reminding us there's no such word as "always" in trading.
Now that you clarified a pip I withdraw cynical hints. Well done!D Just be careful averaging, as you average you increase margin & shit happens.
"I know with 100% certainty that the dow will be 20,000 one day." Please don't make statements like that you just sound stupid,here in the US the only certainties are death and taxes, although I am about 99% sure that taxes will go up. I liked what you had to say about risk management though, you should go find a job in "the city", you could be the next Steve Cohen for all I know, but you should try not to come off as an es cheerleader as it sounds unprofessional, Good trading lad.
I agree - well done, and my only point in my prior post was you may be ok with a sudden 10% market drop with just one car, but it's those pesky add-ons that can kill us when we're not prepared for all "what-ifs".
Oh...how so true!!! Guilty of that a couple of years back...not good for the psyche... IC...your biggest challenge is going to be self control...please continue to trade the minimum you may be currently using for some time...your bank will continue to grow and you will become successful with even luck BUT ACCEPT the fact you are only as good as the current trade....there is NO tomorrow in trading . MY only suggestion to your trading method is to have a 'catastrophic stop' in place for every transaction....sh*t does and will happen... Good luck to you.....stay NiN
Yeah, that's the problem with both the shorts and the longs who trade with a stop: they don't realize that QE is a new paradigm and that this time is different. I find your fresh look very... refreshing. (Just pulling your leg, IC, peace) http://www.amazon.com/Dow-2008-Diff...=sr_1_1?ie=UTF8&s=books&qid=1291987407&sr=8-1