Search results

  1. mikeriley

    Do your own research

    Hi M.W. Yes, I'm a retired trucker. It was a hard business, and rewarding excluding the long hours and a host of BS dealing with shippers/customers. You seem to be a little loss concerning the benefits of Life Insurance. I'll try not boast, but my wife and I have been using several policies...
  2. mikeriley

    Do your own research

    Hi there SimpleLikeMe, When I use to be a trucker over the road, I would listen to Mr Ramsey's radio program religiously. His teachings do have some merits. He teaches the importance of achieving a debt-free lifestyle. But after you've paid off all your debt..then what? This is just my...
  3. mikeriley

    Do your own research

    There are two reasons why Dave Ramsey is not always the best option for financial advice. First reason, he constantly tells people there is no benefit to holding CREDIT. That's just plain dumb in the face of many who have benefited from using credit to purchase Real-estate or start a business...
  4. mikeriley

    Prop Trading Firm TickTickTrader

    You'll thank me later (Especially if you run multiple accounts) https://apextraderfunding.com
  5. mikeriley

    RIP The Dividend Detective

    Excellent story. I know for a fact women can develop into exceptional traders. They tend to be immune to making the same mistakes over and over like we men folk. I believe their intuitive and creative insight gives them an edge. https://iqtrends.com/
  6. mikeriley

    Stop Loss on Big Drop

    Depends on the Market, as you study your market you get a definitive idea what price action might do during high impact calendar events. Many avoid volatility, I welcome it and trade it. I use a huge stop loss on NQ, as price will flip back and forth. Yes, the risk is huge, but so are the...
  7. mikeriley

    NQ Long Trade

    Excellent observation allandt13 Great Trading Day!
  8. mikeriley

    You may soon lose your ability to buy leveraged and inverse funds

    Sammybea technically you don't need a middleman to enter a Casino, but some Games use a middleman called a dealer like Poker and Black Jack. Also the casino cashier could be added to that equation.
  9. mikeriley

    what tools and analysis is available for institutional trading firms?

    If you're willing to enjoy the research, just register to this website. It's free. https://www.savvyinvestor.net/ savvyinvestor website offers an exhaustive list of white papers to help answer your question. I suspect many companies like Blackrock, Bridgewater and Goldman Sachs probably...
  10. mikeriley

    A Trading Game for fun.

    Hi SimpleMeLike, If you'll look above, you might notice that your request and conditions have already been supplied. The purpose of playing the above strategy as a game in simulation will afford ample testing for any prospective trader. If diligent, in due time the conscientious trader...
  11. mikeriley

    A Trading Game for fun.

    This might help your pursuit. I call it the New Level Reversal. In following NQ price action on a 30 minute BAR, almost every time NQ makes a new price level on a 30 MINUTE BAR (Up or Down) it will REVERSE. It usually reverse 70 to 80% of the 30 minute BAR. Even if you use another time frame...
  12. mikeriley

    What trading method should I dive into?

    Concerning your pursuit of studying price action. I found all of Bob Volman's books on Price Action leaps and bounds above the extensive verbiage inside Al Brooks material. Your eyes are your #1 tool in price action and you'll need to actively spend time reviewing hundreds of charts. Bob...
  13. mikeriley

    Survey: what are you doing with BTC?

    Always on the watch list to trade. I use to hodl, but Millions of investors following Youtubers and Guru's like Plan B on Twitter and too much bullish consensus took away the juice. Just smart to plan an exit strategy regardless of the instrument. We'll see what happens.
  14. mikeriley

    A Trading Game for fun.

    When bored, play this in simulation mode. Try for 100 trades. Fearless Gamblers Strategy (Nasdaq Futures ONLY) 1 contract - 30 minute BAR - 500 tick stop loss + 50 tick profit target Used for morning opening. Wait until Bar expands, then at approx 9:35am, at the 50% level on 30 minute Bar...
  15. mikeriley

    Most of my trading is now 3-7 day swing trades

    Waiting 2 hours a day instead of 3 days is a plus also.
  16. mikeriley

    Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

    At writing BTC price is selling for $38016 His stupidity is probably the only man who would refuse that offer.
  17. mikeriley

    what was your aha moment when you first started trading?

    30 trades this past week (24 Nasdaq 6 Gold) using nothing but a CHART, 26 were winners. Every night Nasdaq, S&P, and the DOW makes a run between 2am and 3am EST Sometimes it's a little earlier, but there is always a run for 200 to 500 ticks. I've talked about this fact on a previous thread...
  18. mikeriley

    List of personal rules for trading that makes U successful

    Vomitory your statement is very true. The only indicator I use is a big CLOCK on my computer screen. I don't remember the author, but he said something to the affect, that our Brain and eyeballs is the best indicator if we'll just learn to trust what we see.
  19. mikeriley

    What are your biggest strengths?

    - What did you notice in your trading? ANSWER: That it takes a process of suffering loss to learn. (Anything in life) - What effects did they have on your trading? ANSWER: Continued loss breeds contempt or determination to succeed. - How did you strengthen these strengths? ANSWER: Journaling...
Back
Top