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i think the dollar will continue to strengthen until the deleveraging process completes itself. What we are seeing here isn't really more confidence in the US fundamentals, but rather flows of capital being brought back home. In fact, a further clue to deleveraging is the YEN.

I think you should have quit a long time ago. 8 years of trying is way too long. Life is too short to waste it like that. 2-3 years is more than enough to figure out whether you can make it or not. Accept the fact that trading is not for everyone, no matter how hard you try. It's...

I can't believe you are being allowed to take a 3-contract losing position overnight - and overweekend - with a $10K account. I know daytrading margins still allow you to use pretty good leverage, but overnight margins are pretty tight nowadays. Also, I don't recommend trading more than 1...

There might be two main issues with your recent struggles: 1) You don't have a clear trading plan to follow and often times you find yourself in the middle of high volatility and are forced to improvise your decisions. 2) You are not taking trading as a profession. I recommend you write...

Would you mind providing an example for a daytrader vs a swing trader?

I think Initial is the margin capital requirement to open a single contract while Maintenance is an additional capital requirement to hold positions overnight. Basically, if you are a daytrader and you are always flat by 4.15pm, you can look at Initial. If you want to take positions...

Correct. I truly hope that EU avoids a recession because the ECB is way too rigid and stiff about deviating from its mandate. If EU gets into a recession, it'll be a very long one.

I think the Euro will strenghten as the US is trying to stop the bleeding. It may hit 1.50, definitely not 1.70. Expect a dollar rally as soon as we start to see some light. As someone stated above, all the focus is on the US as if all other countries mean squat in the economy. If...

They are going to issue plenty of US government Bonds. They may increase taxes. No matter how they get it, one thing is certain: the American tax payers will finance all this.

You are mixing up short selling with a stock going down. A stock falls and continues to fall until it reaches price levels where buyers are interested in the stock. If ABC is trading at $10 and most of buyers are only interested to step in at $5, the stock wille eventually drop 50% even...

Thanks for your feedback. One of the first questions I asked these people was: Will I have to change my trading style? Will I have to switch from daytrading to medium-long term trading? The answer was a big NO. The fund manager clearly told me that they have all kinds of traders and...

Nope, I expected them to be set up a lot better and more sophisticated than a daytrader. If you read my post more carefully, you'll realize that I wasn't impressed at all by their setups. And trust me, there are traders there that do daytrading too.

I've recently been contacted by a HF and interviewed with them 10 days ago. It's a fairly big fund with over $1B under management. I interviewed with 4 traders and the number one guy there, the HF founder who was a former CEO of a big invesment bank. As a price action only daytrader, I...

Futures and derivative products were created to hedge against risk. No way they would ban short selling futures. That would mean banning the whole purpose of having futures. IMPOSSIBLE.

Well, here is an example: You get long. Stoploss is 20 ticks from your entry. Market moves 10 ticks against you. If you add here, I wouldn't even consider it averaging down. It's just an add at a better price. As long as you stay within your risk parameters, you are ok with...

1) Are you one of those no indicator people? Yes, I am one of them. Price says it all. 2) It's always that one big trade no matter how you trade. Not really. I would never have that big one trade against me simply because I use small stops. 3) If you're a trend follower, you...

That's really good advice and all newbies who have strange ideas in mind should follow it. Averaging down looks like a short-cut for those who have no idea where to pick a right entry. They are always wrong, hard to accept right? So the short-cut is to average down and still win the trade...

Interesting chart. Did you make changes to the code of the original study? I can't get the same chart you have for YM. Care about sharing settings? Thanks.

They just are unprofessional and don't invest into customer service. The fact they dont get up their lazy ass to pick up phone calls says it all.

i just asked them the same question. they dont have a trading desk, so we are stuck with crappy tradestation.