Recent content by RatioTrader

Thanks for your comments everyone. I posted these for sale on Craigslist and someone picked them up. :)

I'll drop it to $165 each shipped in the US to anyone interested. Thanks again guys!

Hey everyone. Getting rid of a 2 monitors I have here. They are the ASUS VH242H Black 23.6" 5ms HDMI Full 1080P Widescreen LCD Monitor 300 cd/m2 1000:1 (ASCR 20000:1) Built in Speakers http://www.newegg.com/Product/Product.aspx?Item=N82E16824236052 I bought these things about 7 months...

VERY well put. Trading is definitely a business and you have to put in the time and really FOCUS and be determined if you want to be successful.

Great video

I've had the honor of meeting Michael and reading his books. Great author, great story and most of all great wisdom.

I disagree. Having a technical strategy that is quantifiable is what makes some of the best traders the best. It's all about having a strategy and following it with discipline. Guys like Jim Simmons, Jerry Parker and many other 100% systematic traders do much better then traders who have a...

Jerry Parker, Salem Abraham Hope that helps.

No Plans, No Rules, No Success.

Larry Hite is a great one as well. He stresses how important it is to manage risk vs. knowing what market. He gives an example of a Coffee trader who knew everything about Coffee and ended up losing over a 100mil. Larry on the other hand just looked at it as risk per trade.

We have some clients that use IB for the friends and family setup. They say it works great. If you want to be able to charge fees though automatically you have to be registered as a professional. I don't believe you need a license though unless you are managing over 400k or 15 people.

We've been doing great with Forex. Our mentality is the same for trading anything. Trade with rules a plan and discipline. You also need to have a plan of when the inevitable draw-down occurs.

We use structure to trail stops. For example once we've gotten our 1st, 2nd and 3rd target and we're looking for a runner we look at market structure. If you need any help, contact me, I'd be more then happy to help you.

Exactly right. You need to have an exact trading plan of what you trade, how you trade with rules and everything. Most traders don't have that which is why most fail.