Recent content by MightyOne

Yes I am stubborn :D [/B] When you place a stop you are saying that price is going up unless, at a random point in time, price is at x. When you trade without a stop you are saying that price is going up unless, at fixed points in time, price is higher than x. Let us say that we...

For most of us(?) our analysis is based on price over time. Since a stop would liquidate our position according to price alone, this makes it contradictory to our analysis; ie "I knew price was going higher but price stopped me out". Since we are right given time then we should also be...

American jobs are trading/investing and making money off of the misfortune of others (could throw doctors etc in this group). -Hell, you could call us children of the FED :D If you are not in any of those groups then you might as well consider yourself jobless. As an American I do...

By waking up and realizing it was just a dream. :D

Anything is possible... Some people are professional traders others, such as myself, are professional gamblers. The difference, if there is a difference, is that one is happy with a bird in the hand and the other cannot be happy without the two in the bush.

Experience is the forge with which you shape your ideas into something usable.

:) :p :D

There are three types of stops that I will not use: 1. Hard Stop Wicks can fly all over the place but all that matters is where the bodies are falling. 2. Break-even Stop It is like saying,"now that the move has had time to prove its self and is likely going in the direction I...

When I was searching through the links on the website you provided, my Norton 360 warned me that I was viewing an "attack page" (just FYI: If you click on "olddailycharts")

Reading is fundamental :D I'll save him some time and refer him to my post: http://www.elitetrader.com/vb/showthread.php?s=&postid=2907907#post2907907

Based on how you traded on 7/27/10 I would recommend that you liquidate everything and stop trading until you are sure that you have a method that works (atm you do not). Maybe start with books written by Van Tharp... read books on basic technical analysis and spend the next 2 years...

The only way that that will happen is if your starting position size is too large. What if you had a thousand dollar account and went long one micro without using a stop? At some point your analysis tells you that you are wrong and you click out of the trade. Now let us say that the...

Feel free to elaborate...

It may sound like sarcasm but it is not... If price is going up then you go long If price is going down then you go short. Forget the diagonal & squiggly lines, Fibonacci, oscillator, and other misc BS... Diagonal Lines: By the time they are of any use they are of no use at...

Maybe I should stop shorting gold and go long punani...how could I lose on my investment?