Recent content by Traderjohnsblog

Day trading with vertical spreads can be difficult because of the fills. You would need something very liquid. If using a vertical spread strategy I would stick swing trading.

Its ok to have only one technique as long as you are not trying to use in all market conditions. Most highly successful traders have mastered more than one technique to use as market conditions change. That's why most indicators fail. They work great in their optimum market but fail horribly if...

Its not knowing when to enter that makes money. Its knowing when to exit.

There is sort of an irony in your question. Those that are successful do not have time to teach. The ones that charge you a few bucks probably need the money. Thats a bad sign. I was able to teach only because I started a firm that trained our own traders. I dont take on students anymore but I...

Very true. Thats one of the reasons that I switched from stocks to futures years ago.

So if I understand what you propose the trader will put up his own capital to trade? What does the prop firm provide? Or did I miss something?

Yes it is possible. I left a Job as an airline pilot to make more money as a daytrader.

In my opinion it makes no difference. Its about what you are comfortable with. I am a renko guy myself.

I pretty much agree with all of the above. I will add this. Most stock traders only go long and many protect with some form of stoploss order. So when the markets go south they hit the stops and possibly some sell programs. This makes them fall faster then most moves to the long side. It's also...

Part of the problem is the belief that if you build it they will come. The truth is that you have to spend a considerable amount of time and money to market a crowdfund raise. I do it for many of my realestate ventures and it has worked very well. Just know that there are not horses of people...

I drop down to a lower time frame. I watch for price to begin trading in a range. There are a million ways to do this but it can be as simple as adding a donchien channel indicator to the chart. If you exit here and are correct you will have had a great trade. If you exit here and are wrong the...

You mentioned that S/R lines seem arbitrary. That should not be the case. Can you tell us how you draw your lines and on what time frames?

I agree with Robert. If it were a zero sum game I would not be doing it. As it stands trading futures is about half of my income. So to the question is it possible to make a nice living trading fulltime? The answer is yes. Now we go back to skills and capital. You must have both to be...

I agree. China MUST buy most of these things. If this was China's method of retaliation its pretty weak. I am slowly coming to the opinion that this whole trade war hysteria is a big nothing burger.

Clearly I need to be long sterile surgical cat gut futures. Lol.