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Yeah , I tend to place my stops Under a strong / structural support or above Resistance , and then from there, I use a calculation , factoring in Only risking 3% of my account size on any single trade. This formula then gives me the Amount of contracts to trade, thus keeping me within my PER...

SimpleMeLike , Great point , in you stating that ..... " Also, I like to record the Max Profit/Tick after Close, which means after I break even, exit for profit, or exit for a loss I record the max profit or ticks after the trade is close. This gives me an idea of how much money I could have...

will do , thank you :)

definitive answer(s) I have heard about both MAE and MFE for sometime now , but up until recent , have really been researching it and studying the importance of their use, in helping us as traders, " know better " on where to place are Stops and Targets , to Maximize are Profits, and...

Just wondering if anyone may have a copy of this book ( Van Tharp's Definitive Guide To Position Sizing ) that they would like to sell for a discounted price , or better yet Lend out ? Thanks so much

Handle123 , Can you please give a bit of Detail of using MAE and MFE , as to what to look for , as a basis for using these two metrics in helping you adjust your Stop and Target(s) to their Maximum efficiency , in using them for analysis of a Trading System Thanks so much

Thank you for everyone's replies , Very Informative and puts perspective on the topic at hand

I have been reading through Articles and Forums this morning , and have been trying to narrow down, what the most " Meaningful / Accurate " form of Basing your Stop placement.....is ? There are arguments for each of the following methods to use, for where and how you should base and place your...

exceeded the 20,000 point threshold already This is likely a rudimentary question , but I am wondering why the Nikkei 225 has exceeded the 20,000 mark , while we're just now at that 20,000 point mark Is it because other countries ( Japan's ) Currency isn't exactly equal to one US Dollar ...

I think I know the answer to my question , but want to confirm it with other Traders who are more knowledgeable in Financial Futures Is a move in ZB from 151.00 to 152.00 = $3,125 ? And if so, then are the following calculations correct : a move in ZN from 151.00 to 152.00 =...

Crude Oil , RBOB , Corn,Soybeans,Wheat ( the Grains ) , Live Cattle/Feeder Cattle, Natural Gas, etc. ? Can someone please List what the Major Reports are, as well as which websites to go to , to find these reports , and keep an eye on them , especially if I am considering putting on a trade in...

I need someone who has far more knowledge in the Financials, to please fact-check my Profit calculation on the Main Bonds/T-Notes/Euro Bunds In all calculations, I am assuming that each market moved/a profit of 1.23 ZB = 1.23 x $1,000 = $1,230 ( Profit ) ? ZN = 1.23 x $1,000 =...

Another Question is ....... Can you ( in Theory ) stay in THE SAME trade for Months and even years at a time , even through all of the Contract Expirations/Roll Overs ? Meaning , would you NOT have to close out of the Position and then re-enter into the same trade, when it's Roll Over time...

NoBias , Thank you for running the Math :)

grizzlybull , Can you please post the Link to your post ....... At Sharp Shooting The CL, With TL re tracements And Thank you both for your replies

Call or Put trade/position EXAMPLE: If I'm Long a Call , and am in the Plus by $10,000 ..... can i put a Stop-Loss on the trade to Automatically get me out of the trade, if my $10,000 profit on the trade, turns to ( drops ) to say $8,000 profit ( so I've lost $2,000 on the trade ) ? Can...

Good Evening , Can someone help me , with the Profits that would be gained , if the following Theoretical Example were to play Out EXAMPLE: We enter a Long on CL at the price of $37 ( Trading just 1 Contract ) For Every 10% that CL increases in price,we will add 1 contract My...

Awesome, thank you I'll look that one up Don;t forget Boiler Room ;) Non-Trading movies, but yet really good ones: 1. Prisoners 2, The Revenant 3. Hacksaw Ridge

JackRab , Thank you for explaining the method he used I have not yet seen the Movie, but it is next up to watch via my Netflix account

Yeah, I went to BooksAmillon , and had them have as many of his books as I could , shipped to my local store ( they don't keep any of his books in " house " )