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  1. mikeriley

    ways to control short risk

    The majority of my trades are shorts and I have but one strategy IF the market turns against me. It's called a Double/Triple stop and reverse. Very easy to implement, but it takes emotion of steel to ride the beast. After you ride it a few times it's gets easier to handle the fear. I have...
  2. mikeriley

    Need your opinion before moving on

    I can definitely understand your pain. As an overnight trader I deal with slippage all night. It does help if one's performance metrics based on a large sample of trades uses a math/strategy formula to already take slippage into account.
  3. mikeriley

    Hold most of your savings in BTC?

    A savings account should never be used for speculation. A better option is trade it or hodl in investment account.
  4. mikeriley

    Keeping earnings a secret before officially announced

    Easily circumvented using a trustworthy strawman who's taken an oath of omerta.
  5. mikeriley

    Paris, poison and a pack of lies: Melissa Caddick’s web of deceit

    How sad so many people invest without due diligence to confirm if a financial advisor is licensed. It happens so often it's like an old Twilight Zone episode.
  6. mikeriley

    Increased Adoption of Metaverse NFTs Will Power the Next NFT Growth Cycle

    I wonder who that might be. I've been trading BTC and many other futures (Gold, S&P, NQ, Dow, Russell) profitably. I have no reason to trade NFT's, which is complete BS.
  7. mikeriley

    Increased Adoption of Metaverse NFTs Will Power the Next NFT Growth Cycle

    I'm assuming from your comment you have no conception of profit potential for Gold Futures. Using the same parameters in my past statement 10 contracts is a $300,000 profit. 15% is definitely a killing..I think you need a calculator.
  8. mikeriley

    Increased Adoption of Metaverse NFTs Will Power the Next NFT Growth Cycle

    In Feb 2022 Gold was trading a little over 1700 and went to hit 2000 on March 11th. Interesting to read another analyst trying to pump an asset in comparison to Gold's move AFTER it's made a killing in the Market. Just another reason why I don't follow Analyst recommendations who are usually...
  9. mikeriley

    free in thread mentorship

    That's a good question. I think people are attracted to dirt cheap margin requirements as an advantage. As a disadvantage there's more financial complexity involved trying to forecast price movement, especially if one has not weathered sufficient knowledge. Also their competition the Big...
  10. mikeriley

    Charts For No Reason

    Turning a loss into breakeven or potential win.
  11. mikeriley

    Professional Services... One of the most undervalued industries

    Just my opinion, it's possible sophisticated investors understand the economy is changing where many of those transitional jobs are being replaced with robotics and other modernized inventions, therefore reducing growth for those industries. Many Restaurants and other service industries are...
  12. mikeriley

    Protection against interest rate hikes

    Mr Powell is scheduled to speak today. Maybe he'll drop some subtle hints.
  13. mikeriley

    What would you do if..

    Baozi, it does work. You just need at least two accounts. There's a book on this strategy but I can't remember the authors name.
  14. mikeriley

    SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents

    Classic pump & dump. These fellows should have went to Journalism school. Then after getting hired with MSNBC they could pump up stocks legally. https://www.sec.gov/news/press-release/2022-62
  15. mikeriley

    What would you do if..

    Your friends vision can be accomplished, but they should use two different accounts for each direction. Your friend should get acquainted with the strategy of running spreads using software for the calculations.
  16. mikeriley

    The "Big Picture" On Trading The Market At This Time... SPX/ES

    I never chase price (breakouts) An easier play on ES, NQ and DOW is just wait till it breaks out or starts a run..as soon as it starts to stall, prepare for a retrace. On the 30 minute chart, there will be a retrace 90% of the time on a big move. Enter position at the 50% retrace area of the...
  17. mikeriley

    Setting up a prop-trading firm vs. a hedge fund

    Can you clarify this statement.. Do you mean investors are not privy to regular financial statements? Would you invest in a company that failed to give you timely reports? Most would not.
  18. mikeriley

    Former Bank Employee Pleads Guilty to Manipulating U.S. Treasury Securities Prices

    I assume those that are charged with the crime of spoofing have to show they intended in advance to cancel orders. Allow me to play devils advocate in this situation. I play computer chess, and the program will automatically make decisions based on my moves. So if a crafty trader programs a...
  19. mikeriley

    A useful tool

    Mr Rogers that's outstanding Thank you :thumbsup:
  20. mikeriley

    A useful tool

    Every year I forget the markets are closed on Good Friday. So of course I'm ready to rock & roll and..nothing I forgot again this year..good grief. I'm not into Religion so I have no idea why the markets are closed for this Religious custom. But alas! Running my new Ninja toy, I just found an...
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