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  1. M

    Widescreen vs Square Monitors

    I've seen you spout this rubbish more than once before. 1. Traders use different strategies, so the physical shape of the screen may differ as well. Personally, widescreens suits me. 2. Resolution does matter. The higher the resolution the screen, the more accurately information can be...
  2. M

    Pictures of your trading stations

    That is possibly the most ridiculous thing I've even seen, but it just might be reasonable for them :confused:.
  3. M

    new computer help

    Doesn't take much of a machine to run a typical trading setup. All this talk about good dual and quad cores, gigs of ram etc, all very unnecessary. I'm about to get another trading-only machine to support 3-4 monitors, and I'd be surprised if I spend more than about $400. Four years ago I could...
  4. M

    Moving Stops in Your Favor

    Trading heavily relies on logic, the problem is that people aren't logical enough, use flawed logic or draw the wrong conclusions.
  5. M

    Pictures of your trading stations

    Your card probably supports it already. If not, a budget card will do and the power supply is probably fine.
  6. M

    POLL: Do you clearly and specifically predefine your profit target?

    I estimate the potential value of a trade, but I have no idea how that trade will play out. I won't exit simply because I've reached a profit target, I'll exit when my strategy no longer suits the market.
  7. M

    Is the worst of the recession Over?

    It's far less of a fall, and sentiment can change quickly (humans are emotional and results-oriented). I have no idea what will happen, but there are major problems in the system that need to be flushed, and that it's going to need more than this to do it. I doubt people have learned their...
  8. M

    How composed are you when you took big loss?

    Double-digit losses? Certainly not on one trade, and it'd likely take dozens of trades. Double-digit losing runs are to be expected, so when they come there should be no emotional response.
  9. M

    Moving Stops in Your Favor

    I'm recording various stop methods for my trades. So far letting profits have room to move has been the best, and each stop type that does that stays in until the break of trend or until the target is reached. I don't think this is really a surprise given that I aim to trade trends, and that...
  10. M

    do you always look at your PnL?

    No. Daily P&L is meaningless if one only cares about the big picture, which is to profit over the longrun. The only time a shorterm P&L would matter to me is if it requires me to adjust my capital management, but then it would have to be a horrible week for that to be necessary.
  11. M

    Multiple Monitors vs. Single Large

    Screen shape doesn't matter if you can adjust the chart windows, so screen shape is simply about finding the most efficient use of space. A square screen would be unsuitable for me though, as it would exaggerate the charts too greatly along the vertical axis. If I used a bunch of indicators...
  12. M

    Do You Think Trading is Gambling?

    It happens all the time. Losing gamblers/traders nearly always take bad prices at bad times, and therefore are making poor trades. However, even a poor trade has a chance of profit. Same applies for gambling. You could also look at the reverse situation - how could we be right about the...
  13. M

    So the SEC fee basically tripled today?

    Seems about average then. Why the inconsistency though?
  14. M

    Do You Think Trading is Gambling?

    I didn't say it wasn't low risk, I stated that there was risk involved. My point has been that there is always risk, and therefore chance, variance or whatever you want to call it, is always a factor. You seem to be confused.
  15. M

    Make no mistake...Swing Trading is where its at...

    You're making a lot of assumptions, many of which may not be true for many day traders. In the end the best strategy is one that works and is comfortable to live with. The majority of day traders aren't looking to scalp a few ticks. If I get stopped out, I get stopped out. No stress...
  16. M

    Do You Think Trading is Gambling?

    I'm amazed I opened this thread again. If there is no certainty, then IB would be at "variance's mercy". Risk management is most cases isn't about removing risk, it's about minimising risk to such levels where failure or even large drawdowns become an extremely unlikely occurance. You talk...
  17. M

    Newbie looking on becoming a full time trader

    Excellent. As I've done both of those, I like my chances at succeeding in trading :p. Well, I didn't actually succeed at card counting (under-capitalised), but it did lead me down the path of +ev.
  18. M

    One large LCD screen or two smaller LCDs?

    Not for someone who only needs one or two graphs. As for two small vs one large, chances are the two smaller are only provide an extra 33% screen space, and the one larger allows for better additions (i.e. buy another large one, rather than upgrading the small ones). Just get two larger ones.
  19. M

    One large LCD screen or two smaller LCDs?

    Two smaller screens will offer more screen space, but why not just get another two large ones? If you work on this setup (I assume you do), then the additional expense shouldn't be significant/
  20. M

    Daytrading leads to Inevitable Failure? Is Swing Trading the only Viable Path?

    1. An issue of discipline, as I'm assuming your comment relates to a trader "snapping" and doing something wreckless. If so, why do you assume everyone is capable of this? 2. Why do you assume that all traders have their balance in their trading account? You contradicted yourself in your...
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