Recent content by traderzhangSan

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    India unveils $30 laptop

    This is totally a joke. There is ABSOLUTELY NO way that they can make such computer at $35 in NEAR future. The LCD panel, 2G Ram, wifi chip,cpu, solar parts will cost several times of $35. I am just shocked how shameful that sibal guy is.
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    65 million flats in China are vacant

    I saw this same "report" 8-9 months ago on some chinese web sites /blogs. I can say it is completely false information without any facts to back it up. The best way to find out is to go to big cities in China and have a feeling about it. maybe 1-2 million flats are vacant in whole china, but...
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    what's the common approach to develop an edge(if there is any)?

    I don't buy "screen time 5000 hours minimum". many institutional traders don't ahve that mnay screen time, yet they are profitable.
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    what's the common approach to develop an edge(if there is any)?

    for example, I look at charts, and found and back tested, if price move up and down too much , statistically speaking, there is high prob. of pull back. this is my edge. however there is not much such trading opportunity, maybe only once a week. some people do trend following, some trade on...
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    These Biases I have are Killing me

    what u said is right in theory. However sometimes when you see the two HH and HL, the trend is almost finished. and when you get into the trend, it is reversed. what are you going to do?
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    These Biases I have are Killing me

    you mean if you go long, decrease your entry by two points?
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    the more I think about it Day Trading is a losing game

    You can say the same thing to most jobs. day trading is just a job, u put up several hours and make some money. that is it
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    How this casino hedge its risk?

    we all know that final match of world cup will come soon. Here in the city where I am staying right now, some underground gambling house offer the following bets. if you bet Spain win, you will win $210 , if you are wrong you lose $200. if you bet Netherlands win, you will win $170, if you...
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    reasons for big loss?

    for day trading, I know loss is unavoidable. even if you have a high winning odds(let's say 60%),the probability says there is still 1% chance that you lose five trades in a row. 1% is small, but it is still not rare. if you are over leveraged, the draw down could kill you. This is why Kelly...
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    Day Traders: Losing Days

    did you also look at if winning days were results of violating those rules?
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    why Price Support and resistance is hardly random?

    at a given time, it is very hard to predict where next move is heading. However the support/resistance level is not that hard to predict. Once price level breaks out, the move is very strong, at least for a short period of time. what are the reasons behind that?
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