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Yeah agree, why take advise on trading from someone who doesn't even get the concept of shorting?!?:confused: :eek:

Bullverine (good handle BTW I just got that), I'd hazard a guess that your fear comes from having a healthy fear or rather respect for what the market is capable of doing to you, if you go in naively and unprepared. This is perfectly right and normal, it's a good thing that should prevent...

Fear of losing? not so sure, I reckon that could be a source of a psychological blockage to trading effectively, the old chestnut of cutting winners and letting losers run. Certainly fear of losing big and losing big because of a lack of self discipline and failure to observe your own risk...

A few nuggets of trading wisdom from Uncle Larry. <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/1_XLud78dLE&hl=en_US&fs=1&rel=0"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Possibly but with a reduced edge.

Forex tends to be highly liquid, so you can make reasonable probability speculations based on price alone. I'm looking at moving into Futures and possibly E mini Index Futures, so thanks again you've given me a few good pointers.

Volume momentum, interesting concept, (or rather volume as a measure of momentum or strength). Currently the "main guts" of my system measures price momentum, trend strength, wave structure and cycle oscillations, obviously this is relevant to the markets I trade (stocks & forex) and may not...

What's the worst that could happen? You'll have to seek gainful employment again. The self same situation you're currently in.

In fear of sounding like a simpleton, were your covers based on momentum divergence or time of day or a combination or something else? Because you've picked the lows perfectly.

I've got a copy of the COT Bible and yeah it's pretty heavy stuff. I'm not about to scarper off and trade a Market that I have very limited knowledge of. Good post all the same...

How refreshing a balanced, sensible, non-confrontational and informed post.

Groan, trying to get any sense here is hopeless. I never said, it's the same, I said, "it has roughly the SAME START UP FAILURE RATE as any other small business." IMO anyone who can't read simple English should be ignored.

I dunno about a bullsh*t job, but this is defo a bullsh*t thread. <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/nkZdTHmX0TQ&hl=en_US&fs=1&rel=0"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

Mate, who's your comment directed to?

FT, I'd agree that being sufficiently capitalized is very important (it's also relative and scalable), I'd say that you were exaggerating somewhat with you're figure of $500K. Also I notice a few if's buts & maybes in your post. Also don't go in naively lacking experience and without an unproved...

Excellent point and it relates back to everyone being different and having different strengths & weaknesses.

All this anti Day-trading stuff is what the media spoon feeds the herd mentality. Journalists are the biggest "schmucks" going, the majority of them don't know the first thing about the world of finance and most probably couldn't trade their way out of a soggy paper bag. Day-trading has...

I know, with that and "trade sentiment," he's just annihilated any modicum of credibility he may have been clinging desperately to. :p

You've quoted me out of context, I was replying to RobtF's point.

So play a longer TF then. The blatant arrogance to think that just because you don't agree with a particular strategy means that no one else can use it profitably is absolutely appalling. And as for trading sentiment, yeah great if you want to buy at the top and sell at the bottom.