Recent content by GE2009

Anybody who wants to know about Buffett's investment strategies should read 'Buffettology' and 'The New Buffettology' by Mary Buffett. It gives a detailed explanation of his research techniques and what he looks for in companies' financials and fundamentals. These books have been the most clear...

67 Billion dollars speaks for itself. Yes, I think that methods of investing have forever changed, and for the average investor, buying and holding is difficult and sometimes not prudent. The advantage Buffett has is the best knowledge, information, and resources to make a decision. Buffett can...

I generally wait to see confirmation. It depends on what the market is doing. If gold for example had been ranging, and I see oil ranging as well, and oil breaks the range, and gold looks like it is making a push, I may buy and see if oil can make gold break. I never immediately jump into one...

Depends on you expected outcome of each trade. If: (A) has an expected outcome of 10/trade but only trade once per week, (B), with an expected outcome of 1/trade, but trades 100 times per week, will have better results!

As a day trader, I depend on correlated markets. Gold-Crude-USD-Euro. More times than not, if one breaks, the other will follow. As any trader knows, thats the easy part. But, nonetheless, watching these markets helps me trade. I'm not so sure about longer term, but I would suspect to a certain...

If your account size is less than $10,000 dollars you should not be trading. Let's say for example your account size is...$500. If you risk only 2% of you equity per trade (1% is more like it), then the max you can lose is $10 per trade. I currently trade gold futures, and one tic per one...

Read Trading in the Zone. It will help you realize and hopefully conquer your fears. It helped me. You need to find your market's noise, or typical range of movement given your time frame. If it is 5-6 tics, then if it moves that distance, think about exiting or scaling back...but it is time...

I don't trade the first half hour-forty minutes, and I certainly don't trade near the end of the day when volume is low. I back off lot sizes during mid day as well. To each his own. Do what works!

Keep your head up, and good luck.

Well...you must have not read the book, because a major theme is the little success and more times than not, massive failure early in (later very successful) trader's careers.

Technical Trend Trader - Moving averages, volume indicators, RSI...basically an all of the above answer.

I am a new trader as well. The best and easiest way to trade is using a trend following system. Use the 20 and 55 day moving averages to signal buy and sell signs. Once you get better at it, read into some more technical indicators (Volume, Sentiment, etc) such as trend lines, RSI, and...

The most important lesson is the fact that you need to find a system you can follow, then FOLLOW it. Also, the use of N for position sizing and pyramiding are great for risk management, if you have a large amount of capital. Other than that, is is pretty much a trend following system, based...

I am a new trader with an account of 100,000 at a prop firm. I was told I could trade any futures market I wanted. Are there any suggestions to a new trader with that amount of initial capital? I tend to favor metals, softs, and grains over interest rate driven products and forex. Thanks.