His trading approach is very interesting I think he daytrades, using pivot points and candlestick analysis on larger time frames (10/15 min.) Well...this is the simple and best way to understand what buyers and sellers are doing (...or will do) Not sure how many ET members have fully understood how powerful is this technique Nice job
Funny how every teenager on the internet likes to play psychologist and whine about negative attitudes being projections of negative returns. Put down the psychology book son, and accept the fact that I move more money around the market each day than you could ever dream of, and make returns that will only exist in your imagination. Have a nice day junior. Say hi to mommy.
I used to love this form when it was about makeing money and not one giant pissing match between keyboard tuff guys.
wow, thanks dragon! you really let us idiots have it. Good for you bigshot. Whatta azzhole, don't tell me about your big bucks. hope it makes you happy cause you got nothing to bring us guys hear trying to learn. Hearing I'm still on 101 after 6 years I've been trying hard is just what I need to hear. Thanks and i hope you have a heart attack countin your dough. we just gotta ignore 'em snarly and keep plugin away. I'd be profitable with what I've got on this thread except for my own mistakes takin a couple big losses. Maybe I can look at IB an see if they have anything to automate a stop for me when I enter an order.
Try NinjaTrader, expensive, but I love it. There's also Button Trader, but NT is nice'n simple, just the way I like it when I'm trading. Best Regards, kill'em in '07! JJ
Hello: I suggest you ignore my comments. For the rest of the crowd, on my last comment I posted a reference to an article on "Stocks & Commodities". I was wrong. The article by Thomas Stridsman is published in the January issue of Active Trader. Sorry. Snarly: As regards stops, in my opinion what you (all) "need" is not a tight (or loose) stop, but a stop that is correct not only for the market you are trading, but for the local volatility. If you will go buy and read the Active Trader article, you will get some idea of how that can be done. One of the problems for newbies is that they get into a position and cannot hold through the drawdown because they are undercapitalized. This is the origin of the term "weak hand", and it refers largely to retail traders who cannot stay in position for very long, either because they cannot take the stress of watching market fluctuation or because they cannot "afford" to take a loss. It is something to think about. Steve
Exactly! If you have $5k or $50k does not make THAT much difference (unless you can fire winner after winner), in essence you should be trading 1 contract in both cases (if ES). Some pros would require 10 point stops at times, how can one afford to have such a stop if he's overloaded with contracts on a 2 point stop? He can't.
***Ok everyone... This is Important...Please Read*** No one is going anywhere... Except that (A..H...) who doesn't have a clue!!! Unless he changes his attitude about this post (SPM). The rest of us are here to learn the secrets of how to trade the markets. And a great many people around the "WORLD" have shared with us their ideas. We have people sharing ideas with us all over the the U.S., England, France, Australia, New Zealand, to name just a few places. We come here for a numerous reasons! But mostly to share ideas and communicate with people "traders" of a like interest in the markets from all over the world. Trader28 is doing an excellent teaching job. Far more than he ever thought possible in the beginning of this post. I would like to request that you pitch in and help him teach us new traders. God knows we need all the suggestions and ideas possible to make trading our livelihood!!! Thanks for your support and cooperation...Have a good day... snarlyjack