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looks like more to do with glencore weakness!

out of a third of cl at 4520, rest has stop at 4480

stopped out of nikkei at 17750 earlier today, small positions, not bothered with the overall loss here.

shorted copper at 2270, stop 2320...on theme of china weakness

John Boehner's resignation should have pushed the market up but initial reaction was down...just shows how bad sentiment is out there. Thinking of sell off on Monday, back to 1900 on es, but prefer to do the trade on small caps. nikkei long provides some hedge, dollar yen though still in tight...

sold some TF at 1114.. stop 1139, the liquidity is really crap on everything atm

out of half at 17845

Mate, when you start trading you will understand. When you buy something because you think it was low in price and find it goes even lower, you'll realise then what i'm saying. Best wishes for sales of your product whatever that may be!

Found this thread, thought i would bump it. Wisdom from the greatest trader of our time.

I said it was stupid ADVICE (the idea is rather nice if you can do it) to buy low, sell high....mtrader gave the reasons why. maybe u need to adjust your sales literature?

it's a nice idea, but in practice you don't know whether you are buying low or selling high until u close your position.

earlier this year, swiss franc debacle. a trend following hedge fund manager friend of mine was hit on his stops with massive slippage.

Buy low and sell high is the most stupid advice i have ever heard.

The pension fund had less than 0.5% of their assets in this fund. They needed diversification from their no doubt large allocation of long only equity and bond asset managers.

Just glanced at your trading statements. Good to see you made a net profit. From my POV, i think you are trading too much and those commissions are really stacking up. Your profit factor is very weak. For day trading i think 1.5 should be aimed for. For your type of trading i.e. day...

"Risk control is the most important thing in trading. For example, right now I am down about 6.5 percent for the month. I have a 3.5 percent stop on my equity for the rest of the month. I want to make sure that I never have a double-digit loss in any month." - Paul Tudor Jones interviewed in...

Yes. If you lose a pre determined amount (can be in dollars or a percentage of the account) during a month, you stop trading, close all positions and go away to the beach and come back the next month. Never cap your upside, vital to cap your downside. Think of your performance record over the...

don't have a daily profit target. do have a daily stop loss. have a weekly one as well. and monthly. and quarterly . and yearly too.

bot some CL at 4560 as a hedge

bot some nikkei futures at 17820 to hold over the weekend, earn some risk premium