Search results

He lost around $100K on a BIDU trade this year. To limit a loss to $10K this time is a big step forward in risk management, IMHO. Tight risk management means it's tougher to leverage your way to $4 million, but your risk of ruin is almost nil once mastered.

Shiko, you will do fine, because you are focused on risk management and preserving your capital. Too many beginners only see potential profits and never learn about position sizing and risk management. Listen to ammo: Wait patiently for real setups. Yesterday I traded 200 shares POT...

You don't know how to trade. You don't have an "edge", so you're trading based on your opinion instead of learning how to interpret crowd sentiment through price action. Here's an exercise that takes advantage of crowd psychology. If price is in an uptrend and approaches the last high, go...

Careful, if AAPL closes above 240 by opx, you'll be arrested for indecent exposure :D

You got to take it easy come Monday morning. Friday's losses have nothing to do with Monday's trades. Think of the balance in your account as a brand new account that you're going to start trading Monday. Then take everything you learned from your previous trading experience and use...

Neke, you've come a long way with your risk management. A big congrats on that. BIDU is in a majorly strong uptrend. Buy any dip and you'll be on the other side of those losses. I looked at a BIDU chart in real time Thursday because I liked its huge daily ranges, so yesterday I thought I'd...

Yes, only limit orders work in extended hours trading and they fill at your limit price. But as someone else mentioned you may only get a partial fill. It's a very thin and erratic market to trade, except during earnings announcements and major news events.

Hey T, I'm not sure exactly how you trade in real time, but if you choose to fade moves (try to pick tops/bottoms), your choices are to scale in without stops (except for a disaster stop), or to place limit orders a specific distance outside the last price thrust, then put in a tight stop and...

Schiz, I did a "just for the hell of it" ES trade earlier for 2.5 pts in about 4 mins. :p

+$572 Day +$2387 Week POT opened oversold after yesterday’s selloff, so I looked for long entry. Saw the HL and entered just before the test of previous R, caught a beautiful b/o, but left a lot on the table exiting on the initial pause. Then I overtraded POT back and forth, try to...

My first ES trade in a long time. Shorted that weaker-than-hell price action (just for the hell of it, schiz), covered off the pivot. I was really hoping for a harder breakdown :confused:

Hey Jr, quickly place the Jack-bashers on ignore so you don't have to see their posts, which will distract you from what is a very informative thread. This is an excellent post and trend-following/breakouts have become my bread and butter. This strategy is providing me with a nearly 100%...

Are you kidding? ZOO makes lots of scents. :D

Growth story. PCLN 2008 earnings (5.99) were about half what they're projected to be this year (11.11), and even more growth in 2011 (13.23). So the 25 P/E males sense. Seems to me AMZN's P/E of 66 is somehow a bit rich for the EPS, no?

I think those Francs deserve your undivided attention.

Hey, Rashid, you can pick up your prize on the table where we're always leaving money :D

If this closes without a bounce, that leaves one heck of a long F/U candle on the daily.

+$347 Short the pullback from LH on POT @ 123.91, 1 tick below the failure bar; price dropped nicely and I split my initial stop in two and moved it down a bit, looking to take off half at the first pause in the drop, and bam, stopped out before I could get a click in edgewise. Saw AMZN...

Yes I have that deep book subscription, but only for 3 DOMs and for some reason the one with CL in the live account only shows 1 level.

With IB, in my sim account I can see 10 levels on the DOM. In my live account I can only see the best bid/ask.