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I got in short (but late) and am still short as we speak today.

This closure is total BS, the exchange needs to seriously review their policy on this. Doubtless the London Stock Exchange will be closed on the day of the reigning monarch's funeral but not for any former politician*, we do not hold them in serious regard. (* except Winston Churchill, but...

I'm not convinced by this. I was stopped out of my long on Brent on 23/10, when price plunged to close below the 50EMA and forced the average to turn downwards. Even without a fixed stop, I would have exited on these two features coinciding. From the point when price and the 20EMA are below the...

The 1% risk is calculated from 100% of your account capital, so as that's $90k, it is $900 per trade, doesn't matter how you parcel them up or allocate capital to which markets. People say risking just 1% makes it very hard to make serious money, but the other side of the rule is that you...

The conventional answer would be to cap risk per position but then limit or avoid additional positions that are highly correlating with what is already open. So you might set a stop-loss such that if hit, the max loss on the trade would be 1% of your account capital. If the position is a long...

I go for the set-ups first principle, then find the forex pairs that match the set-up, top-down rather than bottom-up if you like. But then I am a long-term trader, I count days when I don't have to make any trade decisions as good days rather than wasted days.

I keep banging on about only index values having inherent positive buoyancy, so I suppose I'd have to say if you can go long and hold the major US indices themselves, these are nearest to a long-term safe haven. Though I quibble with the word "safe": "low risk" has more truth.

Well, its better than driving round in the wee small hours. Actually I hold to the somewhat Victorian European attitude - by all means do your wife the honour for a couple of years, but then spare her the boorish inconvenience and resort to the professional sector like a true gentleman.

Yes, S&P is the best belweather for the US stock market. But if I only held Nasdaq shares, then the Nas 100 cold be more appropriate, though it usually moves in advance of the S&P. As soon as we get back into uptrend conditions I would start looking for a buy signal on each individual share...

Hmmmm....... Thinks: did I just describe Schrodinger's cat?

I can hardly elaborate on information which I suggest isn't there. Of course, the most accurate and least diluted information which the market provides is price. Right now price is rising but in the recent past it has been falling. The immediately recent rising price does not eliminate the...

There isn't any information available from the market which would eliminate the incorrect answer.

Boring's a good sign, trading's a business, its not meant to be entertainment. I know what you mean though, I'm having difficulty raising motivation for the last couple of years. In the end I made myself a timetable. Remember like you had in school, told you what subject you'd have to go and...

I agree with treating the trade as an indivisible whole - at least for private retail trading with our level of capitalisation. e.g. If your long position has a 75% probability of price rising, then that's 75% for all of it, not 100% for this bit here and 50% for that bit there. Get in or get out.

At least you are trading what you see according to your own strategy's rules, not some tip from a salesman.

No enterprise with a 90% failure rate and a 5 year start-up time (or 10,000 hours of learning or whatever way its put) is worth undertaking. Therefore, taking this summary as fact, seek an alternative approach to trading. Use a proven strategy which is simple enough to be learned in 1 day and...

Who's he talking to and what does he get out of saying this? He's talking to clients who might wish to put more money under management, or at least leave all their current money under management rather than pull some out at year end due to the abysmal 2018 performance. If he's right he's a...

Until you're consistently profitable the PDT rule is there to help you survive long enough to become good at the game. Daytrading isn't the only form of trading, but it is the hardest. You might benefit more from the experience of planning and managing longer term trades at this stage. However...

The guidance I use is the 50EMA - if the index is below the 50EMA and its slope is downwards, I would sell all my shares. Also worth pointing out that last time I checked this, 16 of the 20 worst 1-day performances in the Dow since 1900 came when the index was already below the 50, which was...

Well spotted learner88. I don't know what this performance means long-term for this particular fund - oil is just one commodity in one month in one year - but the short-term outcome highlights the divide between fund managers and private retail traders. More than a few times I have been...