I agree... I have seen some wild swings at announcement,,, can and will blow right thru your stop and you get some awful exit price... I am flat right now with 13 mins till Fed,,, will stay flat till at least 10 mins or so after
age old delima... but I struggle with it...
I trade NQ off Bar charts with 2 moving averages. I exit when I get a bar closing outside of my current move Under for longs... Over for shorts...so I am both entering and exiting off structure.
The thing is that I have alot of trades that...
just checked in on my thread... lots of great comments... I am working on a formal, written trading plan. I have one, but it does not cover all the aspects it should... I am attaching a link and format I found on CME website...
this should be fun. And I’m sure there will be the typical ET trash talk.
Question: what’s the single most valuable lesson you had to learn to be successful as a trader?
For me it was strict loss limit rules. I follow the 2% rule now. But I used to risk even up to 25% of my account on...
I agree. Nothing. Tick based vs time base. It all works. And it all doesn’t. The more experienced I get, the more I realize that this is an art just as much as science (technicals). You gotta find out what works for you.
For me less is more. I have gone to WAy way fewer indicators...
I have just discovered this setting for charts. WOW! it really filters out the noise of every little tick. My trading feels WAY WAY more controlled.
Anyone else using these??
Wow. This thread went on numerous different directions. So I guess I’ll have to chime in on the whole supplement discussion. If you want your mom blown look up the inquiry that was done by New York State Attorney General a few years ago. They found that was said to be in the products is not...
thankx... I feel like there is always more to learn. If I had this rule applied just for the last 2 days I would have avoided a bunch of whipsaw loosing trades. Yesterday actually would have been 0 trades.
I am sure I will refine this over time,,,, but I got to try something to keep my on...
days like today just chew me up. I trade emini futures. I have looked at all kind of ways to have a "stay out" alert. Chop index, VIX , VXN, Volume, RSI, etc....
ATR I think makes sense. for the NQ I have back tested a over/under reading of 10. On the really choppy days it appears that I...
Can someone please explain to me how commissions and fees play Into income tax or not? I would think that is a direct deduction against annual profit? I’m am in USA
Well,, I do not believe in holding overnight. Maybe at some point I may leave on 1-2 contracts for long term swing. I have looked at that and back tested my strategy and I make more by day trading, but of course it is much more work, but I like it.
Thank you guys . By some miracle I happen to be long right when that big push happened. Very unusual for me to be in a trade at all that late in the day