Search results

sure re skillful; I played thousands of hands of blackjack using andy bloch's brilliant basic strategy (mit bj team) in vegas for years before moving to hold 'em; but since the house has an edge, you still lose, though much more slowly. unless you join a counting team pre-shufflemaster, old days

like poker, it always has an element of randomness to it as well as skill -- it's your ability to recognize & trade high-probability setups & use correct stops/position sizing that makes it more skill than gambling; trading is capitalizing on slight edges

https://finviz.com/map.ashx https://finviz.com/map.ashx?t=etf

exactly right & easier said than done. i overtrade. 3 tips: a) now i ask myself, "do I have an edge in this trade, yes or no?", meaning strongest outlier clean charts only b) is S&P outside prior days range, and the chart I'm trading? out days are best c) time of day here 20 years...

i tell my traders https://camstudio.org/ (free) or https://www.techsmith.com/video-editor.html (camtasia/paid)

right volpri re not as good for scalping.... no time & sl shakeouts... how i scale is for daytrading long 15-20 minute runs like how i traded TVIX friday during its run up; i put in sequence of 3-4 buy-stop orders to fill on the way up every .30 - .60, then tighten up trailing stops i can't...

Thanks realmoney re http://www.market-topology.com/correlation/sqqq?etf=1 excellent tool; thats exactly the type of resource that can help. :) re capital, i often trade 100 shares or less, when testing. the biggest pita is calculating volatility/#shares to trade of each, to be equal; i...

I only add to winners most of the time; rare exceptions are if it gaps down & bounces or is at a key support level (pd low or whole number)... in general i don't add to underwater positions; better to stop out on way down & rebuy if bounces later... lesson learned the hard way... as i say...

right rm ... as a 20-year veteran tape reader, I'd add: a) mkt makers work reserve order flow into t&s 100-300 shares at a time vs big 10k blocks, to conceal their intent/size (for icebergs), when practical b) during strong breakouts they can't do that and have to increase size to 1k+ share...

ps see what i mean re i trade too small? w/my experience shouldve been in 1k - 5k shares vs 300. big grrrr i should get a sign made up that says "grow a pair" (^-^) fwiw my rebuys for l8er today

bought back in :) about to trail stop out of 200 @ 20.65; I'm in 300 i love tvix

when scaling in i use wide 2nd entries & tighten stop to breakeven a practical example: - fri i went long 300 tvix at $20/share - yesterday i stopped out of 200 shares @ 19.88 for a <.2 loss, under $40 (tiny) (today premkt now 6:40am it's $19.2; i'm still long 100shares) - i usually only add...

brilliant quote, agree re "5-10% of all trades account for 90% of profits"

tru dat, would come as no surprise .... someone's gotta create the 'trmp tweet trading app' :p

DUST is a bust... will start diversifying & buy back into SOXS LABD etc if they go up tue/wed ... fwiw here's all my positions in this acct .. hope to grow tvix profits need to grow a pair & size up, now is the time. I'll go watch John Wick 3 again, lol (great movie) to get in the mood ...

very smart, you're exactly right ... i use wide range candles & 50%SD/mean reversions a Lot i like your range calculation approach; thx re deltas, top trick is forecasting, based on premkt futures, whether expected range vs trend days, also big midday reversal days, and tight vs wide range...

lol good point Mark; data rules... right Murray re 200 sma, btw note last 2x S&P lost 200 sma we got immediate headfake/pivot back up, so this time i will wait til 3days plus S&P stays under 200sma before scaling in on inverses on size... i'll be thrilled to build large 5K+ share positions in...

good point re cross-hedging; I've tested imperfectly correlated pairs like TVIX / TQQQ and that works on strong but not choppy days... for all-mkt condition they need to be perfect mirror image charts like SQQQ/TQQQ... to calculate differential, since priced differently i figure out 'what # of...

I believe there is epic best-i've-seen since '99 profit potential in swing/position trading inverse etfs/etns like TVIX/VXX, SQQQ LABD SPXS (SDS QID FAZ) if this trade war etc leads to a market selloff. Any advice from patient traders on holding on to longterm winning swings? I am a...