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The public education system is an indoctrination system to ensure that the plutocracy maintains power. Since Big Pharma is part of the plutocracy, it makes sense that they manufacture a way to profit from children who struggle to conform. They not only profit handsomely, they retain millions of...

Post the signals here for 1 day, then. Or post 1 signal a day for two days. It only takes about 10 seconds to post a trade signal. We do have much in common, despite my skepticism. My main trading strategy follows the market movers, too. :)

Good luck with all that!

Was I name-calling again? Damn, those mean people! :D

ddav, I have a price action strategy I use to trade CL which produces significantly more winning trades than losing trades, and there are fixed rules for managing the trades, including a fixed stop loss no larger than $150/contract. If I wanted to sell an automated version of this strategy, I...

For longer term swing traders and investors, earnings growth has indeed helped drive the market higher in the absence of significant job creation, increased home values, loose credit, and other economic factors that drive fundamental growth. Earnings, however, are a lagging indicator. Future...

As a day trader or short term swing trader, you want to make money each day, whether the market is running up or down. Intraday yesterday there was ES downside and upside opportunity at nearly equal levels, with the bears able to pack in their loot and call it a day for 14 points in about 40...

RA, if this makes you feel any better, my hypothetical swing short of the week for my trading room today was short @ 89.25, stop @ 90.25 (I'm a bit ambivalent about this stop and think 91.00 would be better but since it's hypothetical I don't care), and target of 83.00. :cool:

Oh, trust me, the patients feel the pain when the bill comes in. Vodka's definitely the way to go :D

I've a few final words on this subject as I think Matcha won't mind. When I trade, I'm betting a sum of money (my protective stop) that after I've bought or sold a contract from/to someone else, the majority of other people trading my chosen instrument during the time I hold my position will...

Yes, that's quite different. When I traded POT, AAPL, AMZN, I could trade 100-600 shares and I occasionally scaled out of positions. Trading 1 lot CL is like trading 1000 shares of stock ($10 per tick).

Testing a variety of new strategies in sim for several months helped me find strategies that made sense and gave me the courage to trade these strategies live. Interaction with the trader on the other side of your trade is over in a fraction of a second. It's what the majority of traders are...

As I said I have almost no experience scaling positions, so I'm not qualified to pass judgment on it. I have only my opinions about it. My mentor does not scale in or out and he's been trading for I don't know how many years. Another professional trader I met when I started day trading, who's...

I still have mixed feelings about this and since I very rarely scaled in or out of positions, other than practicing it in my sim account for a while, I’m probably not qualified provide input on it. I will provide input on all in/all out, though, because I mainly trade 1 lot and when I decide...

CRM

In your first example, price was trending down all through the wee hours, then finally reversed and made a run up. The bar you call a false breakout was the 6th bar in a strong run that reversed a long down trend and broke up through the 20 EMA. That leg of the move was tired and you shouldn't...

This is an excellent setup and I'm not sure why you'd "only" take it in sim. Strong, long overnight trend up, a period of consolidation in a range that never broke support, buying at the NYMEX open, and a well-tested resistance zone for the breakout. Just for fun, I always do a hypothetical...

OK, pbj, you are just way too serious for me :D

Do you mean when you enter a trade this way, you need to place your protective stop 20-30 ticks away? Or do you mean when you want to enter a trade using a stop order 1 tick outside the previous S/R pivot, price is usually 20-30 ticks away when you place that stop order? My protective stops are...

If you trade stocks making massive moves on news, expect to end up in trading halts on a fairly regular basis. RINO was alleged to have generated just $11 million in actual revenues while stating they had generated over $100 million in revenues. That's a serious allegation and places traders...