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  1. M

    if you passed 30 and still didn't jot trading down, forget it, missed the train

    I assume you're just looking to start an argument.
  2. M

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

    1 Limiting profits. The very nature of daytrading means that you are cutting your profit potential short by not holding for more than a day or a few hours. There are are moves that go on for days, weeks, and months with only the slightest pullbacks. These are the moves that make your year...
  3. M

    How little capital could you make a living off?? ;)

    Most people think it's an invitation to double their bets. The 2% figure is generally a suggestion to risk no more than 2% on a trade, and I doubt most experienced traders risk that much. Risk-to-reward varies greatly from trader to trader. I've most often seen 1:1 thrown around as the...
  4. M

    How little capital could you make a living off?? ;)

    Completely false. Perhaps you need that much and perhaps anything over 10% is highly speculative for you, but to assume that is the case for everyone is extremely ignorant. As already established, there's a difference between making a living in terms of just getting by, and living...
  5. M

    How little capital could you make a living off?? ;)

    I keep forgetting this, so my guess of a couple of trades per day is probably pretty off. Actually, I had in mind that the money you're trading becomes worthless and trading feels more like a data entry job. Sounds like you just don't like markets that are less tradeable for you. Maybe...
  6. M

    If we can predict volatility, can we profit from it ?

    Yes, it's called volatility trading.
  7. M

    How little capital could you make a living off?? ;)

    Trading may or may not be for you, but trading when you're properly captilised is completely different to barely having enough to make the rent. You might find it's different if you had 50k or so. Nukethewhales, 200% is extremely achievable with a shorterm strategy, and it's far from balls...
  8. M

    How little capital could you make a living off?? ;)

    Completely true. It's too bad that this kind of realisation often only happens you that's all you have. I was completely superficial and materialistic when I was 19-20, and over the last few years have grown to realise how little it all actually meant to me.
  9. M

    Mr J's Journal

    One short: Still unsure about the stop, although I'll probably just mix when I move to multiple contracts. So part will have an aggressive stop with an aim to lock in profits, while the other will be more conservative and give the trade more room to move. That probably gives nice balance...
  10. M

    Mr J's Journal

    A long and a short. I've been thinking about stops again. It's often suggested to place the stop one tick below the swing, but this has lead to a few trades of mine being stopped out and reversing right at that point. I'm being results oriented here, but it seems to me that there is...
  11. M

    How little capital could you make a living off?? ;)

    I doubt people said it wasn't doable, and if they did they just meant that most will fail. There will always be exceptions due to variance. Again, you're not proving it. Doing it once does not prove anything, except that it is possible, and of course it's possible. It just isn't a realistic...
  12. M

    More women needing cash go from jobless to topless

    My point is that I'd ignore those types. Women in general want security (for themselves and their offspring). However, their definition of security varies, and some consider it simply a man with a large income, while others consider it to be a man with dependable characteristics. While money...
  13. M

    More women needing cash go from jobless to topless

    It works both ways. If she's playing stupid games like this or expects a man to pay for everything, her dating with the man could end right here. We're assuming that the man doesn't want a gold digger/trophy, and that he actually has a choice (i.e. there are woman around who aren't completely...
  14. M

    Mr J's Journal

    Agh. Two trades stop me out only to reverse exactly at my stop. Green verticals were longs, purple lines were the stops. First one I leave one tick below the low, get stopped out. Maybe 1 tick wasn't enough, so in the second trade I leave it two ticks below the low, but again it reverses...
  15. M

    I'll tell you why you can't make money, but it won't help you anyway

    Focus doesn't stop us from being objective. You make it sound contradictory, when they are not. They go hand in hand, and one often leads to the other.
  16. M

    Mr J's Journal

    Four shorts and a long (top left of box is the opening for shorts, top right opening for long, the opposite corner for each is the close). All profitable. No riding the position until the break of trend as the retracements are large, and I'd prefer to get out and jump back in.
  17. M

    More women needing cash go from jobless to topless

    Flings are far cheaper, occasionally free (at least in terms of money).
  18. M

    Feeling the market - important or not ?

    In my opinion, "feeling" is a subconscious calculation by skill. I.e. instinct developed over time as someone skillful becomes more experienced.
  19. M

    Mr J's Journal

    A couple of shorts (white arrows). Stop moved up more aggressively on the first since the overall move is slight. Second is given room since it "breaks". Think this also solves whether I let trades run. The more they move or the stronger the trend, the more room I'll give.
  20. M

    Mr J's Journal

    It's definitely worth considering. The problem with requiring consistency is that I'm trying to make a living trading, and I need to be profitable quickly. It's an unreasonable situation I'm putting myself in, forcing myself to not only become a profitable trader within a month or two, but also...
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