Search results

using stops is completely ILLOGICAL the only time to BUY is to (1) get long in an uptrend (2) add long as uptrend holds or strenghtends (3) take profits as uptrend or long opportunity completes itself.....and vice versa for SELL decisions if you're not completely comfortable or confident...

there is a huge difference between consistancy being the RESULT of trading and consistancy being the GOAL.....for most traders it is the goal and that's why they trade every single day and try to time every 10 cent move.........death by a thousand cuts.........then when you nail a trade that's...

i see that PRV works fine for intraday charts but not for historical charts......anyone know why?

he didn't lose all that money because he didn't use a stop......he lost it because he went all in against the trend and probably averaged down to the point where he was massively overleveraged..........i'm not saying a trader should marry his position......i'm saying he needs to take profits and...

the market isn't some 9-5 job at mickey d's........you don't trade the market to make "a little each day" as if you're working at mickey d's successful trading is the art of making the most by risking the least...... iow its about trading powerful trends and riding it all the way......its...

like it said you have to trade the trend.........that market (1994-2003) provided plenty of opportunities to get long on pullbacks on the way up and AFTER the trend changed provided plenty of opportunities to get short on the way down a recent example......just look at how many suckers got...

getting stopped out is basically forced liquidation now think about it why the f--k would you allow yourself to get liquidated - unless your were fighting the trend, overleveraged, and undiversified from the very start........or you had zero confidence in the position from the start and you...

seriously the people that tend to use stop losses are the people that: - are undiversified; they put all their eggs in one basket hence they want to protect their basket - over leveraged; to the point where they can incur large losses from the noise of the market - fight the trend...

does anyone know?

this country don't know what pain is

american banks have written off 130 billion to the point where they have 0 cash on their balance sheets...........yet they still have more writedowns to announce..... and the bond reinsurers need about 200 billion cash to maintain their AAA rating bernacke is hyperinflationist hell bend on...

someone please use their myspace account to invite Lattitty to come on this thread to comment about her experience......thanks.

LMAO..........Lattitty's parents flipped out when they heard of their daughter's "job" offer........they should flip out considering they dropped 120k on an NYU education i bet Lattitty doesn't even last 2 months...

100% guarantee that the girl @ smb will be in tears by the time the season is over.

yes obviously if you set a 500 max stop loss for the day on BT and you get stopped out at -500 then you can always modify the risk parameters to a 1500 max stop loss and go onto to lose -1500............or you can just close BT after your down 500 and trade thru TWS and lose 5k..............the...

spectre 43 world markets have slipped into bear market territory.............pretty much every market but the US.........which is economically weakest.........we are not even in a bear market yet......1260 inaugurates the bear market......that level would be my first buy in for the long term...

yeah recently ET's been crashing more frequently than the market

its pretty reliable.......BT guys know more about TWS than the TWS programmers themselves..........BT guys are aware of many TWS bugs before even IB is aware of them......try the demo. and i'd recommend using quotetracker for charting.

you gotta be kidding me............those SMB guys SHOULD GO TO JAIL.........they lure an NYU STERN business school (one of the top business schools in the country) graduation into daytrading for some pos prop. firm.......WTF their pretty much ruining her future career prospects.......

you can trade stocks with buttontrader as well as futures.......i don't know how any IB user that trades frequently can trade without buttontrader an example: IB: click on ask to buy click on price to adjust bid to where you want it to be click on bid to set price target click price...