Recent content by iukka

You have an interesting choose of career; day-trading at the beginning. I began as a position trader 2002 moving to shorter and shorter trading and now I am doing day trading now and then with liquid US-stocks. However, I have a very diffrent approach compared to you. I look from among 100+...

"I dont want to act impulsive and trade myself into a hole, but at the same time i need to have an unbias mindset and trade the rules that I have developed. Should I still take the trade if I have a strong opinion aginst it?" "have others had this problem?,what do you do in this situation?"...

"Reversal trade models are VERY low probability... I've back-tested the hell out of it trying to find a profitable way to trade counter-trend. " Uff, what can I say, either there is something wrong with your test model or alternatively you test space is too limited - or the definition of...

[ [B]If you watch a falling knife, you eventually get a capitulation bounce. Jump on it quickly, with your stop loss right under the wick of the entry bar. What is the reasoning for risking anything more than that? Usually this kind of situation arises when stock is in strong upward trend...

"This is a strategy for traders who have no ability to distinguish strong setups from weak setups, and can't figure out the price at which a trade's chance of short term profitability becomes invalidated. Your expected reward on a trade ideally should be greater than your acceptable risk. A...

Not my mother language, so forgive errors. There have been many possible stop-loss alternatives in this thread but one is missing: using ridiculously far-away beeing stop losses, something like 30 -50 % for a trade. This may sound a bit odd, but these kind of stop-losses works well in pull-back...