Recent content by milimabuse

some people wanted results - here are the gapstrader.com results for the last month: Trade Statistics There were 260 total stocks entered. Of those, 250 or 96.15% were complete and 10 or 3.85% were open. Of the 250 completed trades, 128 trades or 51.20%resulted in a net gain. Your average...

well jjrvat, not so sure it' s "the holy grail": 8:1 R/R implies that the stops are indeed super tight, which calls for tons of whipsaws and re-entries, and that kills the profitability. sure, this would be the holy grail if you entered 4 times each day max with 0.20 stops targeting 0.80...

indeed..lucky! depends on the "consistently" definition: who makes 50% annually daytrading with less than 25% yearly drawdown?? that' s the "consistently" benchmark. anyone doing that "and not lying", gets my hat and respect..no problem.

no, wrong: TOO MANY MEN chasing TOO MANY upport and resistance zones in TOO MANY timeframes... hence: always 50/50 chance per se

WAKE UP people! there is no "high probability" intraday setup! the market (just like roulette) HAS NO MEMORY. ESPECIALLY NOT intraday! as there are always opposing groups trading: those who go with the trend and those who hunt stops at resistance/support Hence: it' s always 50/50...

ay,there's the rub.... "highest odds setup based on your market experience"... that is based on knowledge and feelings - however the market consists of numbers (and psychology of course), but in the end it's down to numbers. So it has to be based on mathematical principles "applied"...

traderzones, complete crap you say about me. I am not advertizing anything. On the contrary, in each of my posts I HAND OUT a lot of information from my own experience. It is probably guys like you TRaderzones and some other negative, uncultivated people you attacked me here who get...

this is the way pros size positions: Kelly % The Kelly % statistic was developed by John Kelly at AT&T's Bell Laboratories in 1956. John Kelly's original work dealt with long distance telephone transmission signal noise. You can read his original AT&T paper on signal noise by...

nodoji, no, it can' t wipe you out! you have 10 dfferent stocks from different sectors. so even if 1-2 break -30-50% at next day' s open, you don' t go break. AND you have the equal chance of a stock gapping UP +30-50% on better than expected earnings..or...a TAKEOVER!!! and...

I am not advertizing anything. I'm just discussing a trading system and obviously referring to it. THAT's what the whole site is about. It' s certainly NOT about what some fellas here are doing: insulting and attacking. so from now on I won' t even reply anymore to unqualified...

I am not advertizing anything. I'm just discussing a trading system and obviously referring to it. THAT's what the whole site is about. It' s certainly NOT about what some fellas here are doing: insulting and attacking. so from now on I won' t even reply anymore to unqualified...

you guys just don't understand: that' s because you didn' t read the gapstrader software explanation. the system is based on STATISTICS, not on 1 example going wrong. they trade 10 stocks each day, 250 times a year, that' s 2500 trades a day... and it should profitable because you...

BE CAREFUL . It's already virtually impossible to year-on-year make money trading intraday (I've posted about that). and don' t trade like this. you will lose money because: I. this method (and similar methods) work only ON A STRONG DAY, with the RIGHT STOCK on STRONG VOLUME that' s the...

walter, yes indeed we' re at the core of the issue here. I am certainly not negating what you say. naturally if you regard the whole development as an "improvement in mark up", yes that' s certainly so. Makes me think of the whole retail FX world going crazy about a few ECNs who offer...