very serious, very serious...what makes you think otherwise?,,,if a guy is willing to ask for help and share his trading losses...sounds serious to me
I gotta give Fireplace a lot of credit (and SPD) for as much much support as they've given you. I can't blame fireplace bustin your balls a little bit either. I think he's trying to provoke you into actually putting some of the suggestions into practice. Good luck is all I can say.
Nope, never heard of this John cat. Im only 30 and havent been trading long enough to write a skinny book. Im no all-star, I have lots to learn.
Its actually helping me, finding the words to write everything out makes me really think things through. Lets give NoDoji some credit as well, she has thrown in some solid advice.
gonna 'stake out' tomorrow 10am EST economic news and when Treasury Sec Geithner Speaks at 12noon EST...with mini-Gold and Swiss Franc futures...hmmm
do most of you use market or limit orders to enter? I always and only have used market orders to enter... do most of you use limit or market orders to exit? I have never used a limit order to exit.... for me, market orders to enter and exit...hmm...be interested to hear what others do...maybe there is another 'trading gem' there?
Depends. For crude oil usually market orders to enter, it moves so fast. I normally get pretty decent fills. Buy/Sell StopLimits to enter somewhat often. Thats how I entered that trade I posted in here today. Rarely do I throw a limit out and wait for the market to pull back to that area for an entry, it doesnt really work well for my style of scalping, I need confirmation that the dip Im buying is really a dip, not a trend reversal. I leave money on the table often because of this. If I had a workable system that didnt require some confirmation I would throw limit orders out all day. Guess its something to work on. For now though, I really dont care if I catch all of a move. Im on the right side of the trade most of the time, and I usually catch a good portion of the moves Im in. Im looking to be the basehit guy with a shitload of RBI's, not the inconsistent homerun hitter. I'll get better as I gain more experience. Almost always limits to exit as I almost always have key areas Im looking at for exits, usually if I dont use limits to exit its because Im bailing on a losing trade. Sometimes you just know your stop is likely to get hit so I'll bail a little early and save a few ticks. and you are very welcome.
I ussualy use limit orders. I try to anticipate where the market will move to and place an order there. I usually have a bracket order attached so that if I get filled and somehow end up not being able to manage my order the exits are on the brokers server.