Recent content by Clarence416

By and large, even a total rookie, taught to cut their losses early, can throw darts at the market, and by chance be right 30% of the time. It's been proven time and time again, most traders are winners, the problem is that there losses often exceed their wins. If they know when to cut their...

13% draw down so far for the last 2 weeks of trading. Don't travel and trade, missed too many good opportunities that didn't cover the bad ones.

Perhaps, but not nearly as enticing. The more absurd, the more readers, and the more people get that very valuable nugget that took me from busting me from a losing trader to a winning trader 6 years running, to being up 264% this year.

Mini Dow isn't being my friend, spiked and gave a sale signal, (I hate spikes just for this reason, they skew my risk reward, dropping 100 Points from the sell signal, with no formed base is my set-up for disaster. When it works, I make tons, but, I get sold out of 50% of these break out...

Yes it's possible, you will never lose money again. No, that doesn't mean that you give up trading. No, it's not some super computer system. In fact, it has nothing to do with spreads, or magical trades that only the super insiders know. The fact of the matter is that the difference between...

I've met plenty of full time traders who also trade forex, but none that trade forex exclusively. Mostly trade Yen and Pound, I trade mostly the yen.

I've been trading for years. My strategy is based more on men like Ed Seykota, I'm not a buy and hold investor, I'm a trader in the markets. You don't go bust in the market because you made bad calls. You go bust in the market because you don't manage your capital correctly. "...A man can...

Sold 25K Yen at 105.500.

35 Points gone of 4 Contracts, equals 700 dollar loss for the day.

Sold Dow Mini at 18389, bought back at 18402 for a 500 dollar loss. Got caught in it breaking it's resistance, both in the day trading metric and my swing trade metric, but, though it closed in the day trade metric, it didn't close below it's break point in the 30 minute metric. Took the...

One also possible move for the speculator's among us is to buy the 1150 puts for September. PCLN's gap ups are no more than 140 dollars, which would depreciate the value of the options by about 4 to 5 dollars. It's gap down moves are 200 to 300 dollars, which, if it moves down in such a way...

There's a way you both can be right and wrong at the same time. One, the market is topping, now that means nothing cause it could rally another 2,000 points and break it's technical foundations, but we're oversold, twenty-times over valued (though at one point we've been far more, so anything...

Got sold out of corn at 3.50 and ended up 2,090 dollars of profit. Apple didn't close below 98.50 before market close so no puts. Verizon sent a buy signal and I purchased 20 87.5 calls for 3,900 dollars. Wasn't in my plan, but, I don't question my systems signals. All numbers stay standing.

Corn continues it's move down, bought a block of contracts back to lock in 1,000 dollar profit (not bad for 3 days work, currently up 5% on the corn move), as it's new base will guarantee profit with the exception of a gap up. Waiting patiently for the move in mini-dow, TSLA is touching off on...