Recent content by Palatine

Truth be told: You have no strategy whatsoever. You determine entries and exits based on gut feel. You trade too large and get freaked out by a two cent movement. You have no risk management (stop loss) which is why every movement is a threat to you. Sadly, you have no clue of what you are...

I'm very amused by how you love to pound on my piano training and Chinese skills, then generalize that on my entire being. From the inaccurate way of your wording, I can see that you are aroused and I am smiling of satisfaction. Have a good day.

I think you are still living in a dreamworld, nnfx. Newbies often indulge in such big thoughts of being the Messiah of the world once they have reached consistency in trading. We are not about changing humankind, but improving the life around us with the limited power we have. Specifically...

I'm not closed-minded. Now I ask you: if your sole purpose of existence is hunting every tick in the market to make ends meet with a wishful thinking of becoming the next entry in the Forbes list, who of us two is more closed-minded? Your sad existence has created nothing of significance for the...

Occupation trader. I'm a trend follower so I don't need to sit and watch the market all day long. It's truly liberating. - Taking piano lessons. - Improving on my Mandarin language skills. - Traveled around the world and continue to pick new destinations every year. - Helped fund my wife's...

Although not a bad idea for the intermediary term, I do not think it is how a man should invest efforts in. When you have all the time in the world (which will be the case when being an independent trader), you should seek a new challenge such as learning a new craft or working on a project that...

I thought it was Mark Twain?

If you are really a trend trader, then what indicators do you possibly need? A moving average and that's it. Go with the Dow Theory: higher high and higher low = uptrend, lower low and lower high = downtrend. Pick a time frame that is most reliable to you with clear and visually striking trends...

I'm using free software mostly and making a living trading. No fixed costs with regards to trading. None. Market data is free with IB because I am above the $30 minimum commission threshold every month. I must be a bloody fool not paying up more. Back to the topic: I like the new eSignal a lot.

I'm not sure why people keep saying that market conditions change. They do, but not fundamentally, and that in turn proves that traders have merely come up with a strategy that only works within the current zeitgeist. A sphere of quasi-consistency. I have been applying the same tactics for over...

The revamped version is a significant improvement, dst. Love it. What I'm still missing are more advanced charting functionalities: Show overnight activity in futures Change the time frame in terms of 15m, 1h, 1d, etc. should be possible Change the chart type: OHLC, candle, line Ability to...

Thanks :D

With $10,000, you can hold up to $40,000 worth of equities during the day (4:1 leverage), but you have to close most of it at the end of the day because you can only hold up to $20,000 overnight (2:1 leverage). This applies to both long and short positions. You can. Mind the PDT (pattern day...

I have not read his book, but based on what you described, it very much sounds like a false breakdown below a defined support area (a pivot level in this case) and a subsequent rally to squeeze out the trapped bearish market participants. Such setups do work well until today. You have to look at...

Thanks for your prompt reply!