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I use Fibs for certain things but need some price confirmation first prior to entering. GE: 4 legs down, hunting with Fib levels where the down trend is likely to resume.

LOL - that H&S is not holding up so well. Price needs to close above the high over the neckline to make this a legit H&S.

Aint she pretty! The size of this H&S implies a possible quick rise up about 840 pts & even a potential bear killer for months or more, maybe the year low? Only time will tell. Disclaimer: I am wrong a lot & this is highly subjective. If your already long enjoy the ride.

Always been a long/short trader. I am far more selective when shorting a stock since the risk is unlimited - especially if your holding days to months like I do. The math of trading significantly favors the long side, although there is still plenty of room for making out on shorts if you know...

Using mainly measured moves based on chart patterns & price ranges. This is an example - it's not always this pretty but in general this works for me. Leaving a partial position on winners since there is no way of knowing how far they can run. Every projected price target is different, I...

Bubbles & Ponzi schemes, nothing new under the sun.

How do we know that the CEO of MSTR did not use options/leaps to protect his massive profits when his stock went >$1,000? Or maybe they don't teach that at MIT. :banghead:

A good edge applied to a large enough number of trades will have your equity curve hitting new highs often. It takes a great deal of experience & fierce drive/persistence to do this somewhat consistently. Winning pro gamblers & professional traders have learned how to become the casino. Pro...

Using limit orders on futures day/night trades - I let price come to me. There is no right or wrong way - whatever works for you.

https://www.interactivebrokers.com/en/trading/tws.php#tws-software

Running on version 981.31, tried the newer 10 versions - takes a very long time to load than freezes the P.C. eventually. Having problems in 2022 with advisor acct; when exiting positions I am sometimes left with an equal sized long& short in different accts, I figured out a way to m

It's what we don't do that matters most. Less is more.

A $10M Forex position in the U.S. on a major pair (50:1) requires only 2% margin which is $200,000.

Plenty of good comments on here. Taking a partial profit with a quarter or half & letting the rest run works for me. This way you have a scratch, a small profit, or a free ride. Once I have a winner running I am checking the trade periodically, like every few hours, or not watching it at all...

0.50% of nothing is next to nothing. The Fed is way behind the curve, they must consider our economy the worst in human history to make cash=trash. Historic interest rates Mesopotamia, c. 3000 BC: 20% Babylon, Code of Hammurabi, 1772 BC: codified earlier Sumerian custom of 20%. Persian...

This may provide some extra mojo, this trader gets into 20% draw downs all the time and has a real low win rate from cutting his losers aggressively. https://zenandtheartoftrading.com/blog/kristjan-kullamagi-is-a-loser/

With a win rate of 50% over a span of 1,000 trades - there is likely to be one string of 13 consecutive losers. Variance happens. I try to keep my mind focused on the long game.

Sure, a billion per month - that's 3 times more than Goldman Sachs makes. We had a poster claiming to trade 100,000 ES contracts a clip which is also laughable - not even J.P. Morgan could do that. Anyone with a keyboard & Internet can make ludacris claims - & some do.

At Enron's peak WS was in love with this company. The red flags were there - this was a big fraud .. a criminal empire sabotaging California's power grid for their extortion & cooking the book. Price action is king.

It's fine to use high leverage trading instruments as long as your trade is sized properly. If your risking >4-5% of your capital on trades your on a knifes edge, at >15% it's suicide. Fx has a lot of back-filling & whipsaws - the more leverage you use, the smaller a counter move can be to get...