Search results

  1. mikeriley

    Get it while it's HOT

    I don't believe I could possibly answer your question. The markets being what they are, and the fact it's impossible to gauge what anyone's P/L might be since a hundred different factors influence the final outcome. This is JMHO, the market does not always follow a 1+1= 2 mathematical...
  2. mikeriley

    Get it while it's HOT

    I know there's people on this site more qualified than me to answer your questions. Especially since I'm not a math guy. But I found this book to be very helpful. Just click the link below to get the book. https://u1lib.org/book/2871310/9f97e4
  3. mikeriley

    Get it while it's HOT

    Actually, only 2 lines should be on the chart. I was just sloppy and did not remove my lines from earlier days this week. Green line is absolute top 13356.00 (Last session) Red Line is absolute bottom 13184.75 (Last session) Blue Line is a ZLEMA - I use as a guide on some trades. Brown line is...
  4. mikeriley

    Get it while it's HOT

    Yes, that's true. I actually use a reverse strategy IF price goes against me. NQ needs "room" to move, or the short back & forth price action will stop you out.
  5. mikeriley

    Get it while it's HOT

    I tapped out at 76 ticks. But this looks like a pullback. So, my plan is to reposition and enter again at the same last entry of 13346.50
  6. mikeriley

    Get it while it's HOT

    I totally understand, badjuju use to ride my back. I know the worth of walking in humility when it comes to the markets Not trying to be "cocky"..the below picture is my trading philosophy. Thank you
  7. mikeriley

    Get it while it's HOT

    My apologies Overnight, thought you were referring to me
  8. mikeriley

    Get it while it's HOT

    Holding steady at 81 ticks..I think it's going to hit 100
  9. mikeriley

    Get it while it's HOT

    Holding this one for 100 ticks (It may ride for 200+) Entry 13346.50 Looking to Exit at 13371.80
  10. mikeriley

    BlackRock Announces Bitcoin Partnership With Coinbase Amid Crypto Industry Turmoil

    Poised to buy BTC in November. The big boys definitely know something the majority does not. (Which means they plan on pumping it later):rolleyes:
  11. mikeriley

    How to trade like a retarded genius - an actual strategy that works

    Mason, this JMHO, but I believe the only understanding that matters comes via experience and not reading another traders data points. Especially since average numerical values will fluctuate between different traders. When I trade I try not to look at profit, but only trying to EXECUTE a...
  12. mikeriley

    How to trade like a retarded genius - an actual strategy that works

    52 ticks taken. Profit $286.00 Not trying to brag, just trying to show that LESS is actually MORE. Trying to trade 50+ or 100+ trades a day is what burns people out. How many can make a living trading like that for the long haul? Very few can handle that type of stress for a long period of time...
  13. mikeriley

    How to trade like a retarded genius - an actual strategy that works

    Excuse me sir, but I do exactly that. 3 trades and I'm done for the day (average 30 to 100 ticks/trade) I will have to disagree on the assumption that people will last in this business trying to make 50+ trades a day. I'm not an educator, but if I were, I'd help others to build up their skill...
  14. mikeriley

    How to trade like a retarded genius - an actual strategy that works

    Thank you for the statistics. It was also good to see you understand some of the benefits of the 30 minute chart. A valuable risk management essential I like to add..WHEN TO STOP TRADING Should a trader stop when they've reached their profit target? Should a trader stop if their losses have...
  15. mikeriley

    Catching the Big Fish

    It pays to watch the NQ after-hours opening, because sometimes a big fish will make a run. Profit target = 100+ ticks #1 Hungry Fish/Best move: Within 2 minutes price action will run hard and fast momentum in one direction, WITHOUT any wick or back & forth price movement. This move is GOLDEN...
  16. mikeriley

    Joe Biden to raise taxes for Income more than $30,000/year

    Their #1 solution for everything so they can continue over spending and subsidize the World. These people will never pass Economics 101 https://www.finder.com/list-of-countries-the-united-states-sends-the-most-money-to
  17. mikeriley

    Michael Saylor steps down as MicroStrategy CEO

    I can just imagine Mr Saylor saying to himself.."well that venture didn't pan out" (As he's cruising in his 30 million dollar yacht) I'd still very much enjoy a cup of java with this guy.
  18. mikeriley

    Nearly $200 million drained from crypto bridge Nomad in latest crypto hack

    I wonder if any of these hacks are the operation of present or prior computer security employees.
  19. mikeriley

    New Nano Bitcoin Futures allow traders to easily go long or short Bitcoin commission-free

    I trade on Ninja because their futures margins are inexpensive compared to the rest. Recently moved from Tradovate, and Ninja execution, tools, bells and whistles are just as good or better. Setup is super easy compared to TWS, Tradestation and TOS. (TOS is complete crap)Tradovate setup is...
  20. mikeriley

    What is borrowing fees ?

    https://www.investopedia.com/terms/s/stock-loan-fee.asp https://financetrain.com/short-selling-and-stock-borrowing-costs https://mooktrader.com/borrow-fees-what-are-they-and-how-to-calculate-them
Back
Top