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One brilliant comment after another...are deflective comments and random insults what you retort with in your personal and professional life after making false statements? Well since you made it personal ... GO FUCK YOURSELF, DIP SHIT :cool: Ummm no, you intiated the personal attacks...

Are you fucking retarded, go back and re-read what i typed...I said I would rather speak to a trader that hasn't had a losing month since 2001, anyone with an IQ over 80 should be able to realize I wasn't referring to myself...when i said their insight I was referring to two traders in my office...

I'd rather have a chat with a professional trader of 10 years that's had zero blowups...or maybe the trader that hasn't had a losing month since 2001...I think their insight would be more insightful than your thread comparing USA to a 16 yr old girl.

Good Point Midas...what Joab is failing to look at when layering with pairs you're actually using the scaling to get the spread price you want for a better entry...this is not the same as directional trading by adding to a position that goes against you..that is clearly adding to a losing...

Well my account is up about 1100% net YTD, with ever-increasing consistency and higher days/weeks/months...so forgive me if i ignore this advice from the guy who's claimed to have more than 5 blowups.

I had a huge PNL turnaround today as i was fighting my CF pair and actually went extra long 40% CF yesterday near the lows when the stock was so battered. That's what I like about pairs is that there are many different techniques and skills you develop to increase profitability.

Trading pairs it's actually very easy to calculate the potential loss exposure for X amount of layers...you really have to understand their ranges, everything from the 5 day to the 2 yr and how the trend. I'm actually in the process of increasing my position sizes this w/e. I know how much...

I wasn't offended, it was just a point to emphasize that you can't make such blanket statments about other trader's style...I did in fact hold 20:1 or more on a regular basis when i had a smaller account starting out but I wouldn't do that now for a number of reasons...

Haircuts are for overnights, intraday it doesn't matter and yes it's calculated each day so you'd be paying for the days on weekends...it all depends on the traders, there's many times it makes a lot of sense to hold much capital over weekends...saying someone has zero brains is a pretty stupid...

Well that's the million dollar question and varies with every trader! I don't use fixed layering but do trade all time frames and using your example you wouldn't be looking at a full retracement to the mean. I don't use fibonacci's but you could use that as a example, 25/50% retracements...

I use a number of probability sets for helping me generate signals (a couple different standard deviations are in there) and one thing you need to consider is that they're constantly changing. This is why I prefer a discretionary system over purely mechanical because even when the same...

Yeah so he's already been diddling her for a few years before the legal change...Joab get off your high-horse, these retarded threads reflect poorly on the rest of us...not that i should be offended by a guy who's admitted to blowing up his trading account at least 5 times... And for all you...

Good advice, and i agree 100% on earnings...no matter how long you've been trading a stock, know a sector, pair, ect., earnings is still a crapshoot plain and simple...i got into that gambling mode back in march holding a big position of BGP/BKS the day of earnings...I was so cocky I was even...

Great Post! Clearly anyone that's blown up more than once is gambling with too much money and doesn't have a thorough understanding of risk management.

Another point I wanted to make regarding fundamentals...i've been told we're about to undergo one of the greatest consolidation periods of all time. Holding short positions in companies that look attractive as a buyout can be a painful 30-40% overnight price shock.

Sorry I just caught this part...5 times? Holy hell are you going for the record?

Blow up at least a few times? Wow you need to hang around better traders, what are these guys trading 5K questrade accounts? LOL

Any of the free sites like yahoo fiance, msn investing, ect. are good enough...of course if you really want detailed information there's a host of pay services out there. But as long as you can know basic analysis of p/e,p/b,debt/equity. roi, cash on hand, ect you should be able to figure out a...

Yeah that was one of the questions I was asking...i'm not gonna tell you how to trade but trading against fundamentals can be dangerous, CF is the strongest in the group so just be careful shorting it against the more over-valued POT and MOS.

There's a trader in my office that's been net profitable for each month of the last 7 years, is that long enough for you?