Search results

The problem you'll have is you probably won't have traded options before and then suddenly before a stock moves 30% +/- you buy some options. That won't look good if the trades are investigated. You're also a man in the street so it's easy to go after you rather than someone who is connected...

Flair, imagination, craziness, illogical, vision, knowledge of history, patience, it's things like that where no computer can compete with a human trader. Computers have cornered the 'speed' angle so let them play there, and we'll trade where speed is not an advantage and still enjoy a big...

Always remember that a 70% win rate can offer far more potential problems than a 30% one. With 70% it's going to be hard if not impossible to increase the rate to higher than 70% meaning the risk is always to the downside as it won't be that hard to drop it to 60% or even 50%. At 50% the...

I don't know about your trading but I do know that Dobermans are beautiful dogs. Shame Hollywood always casts them as 'bad guys' because they're not (unless you train them to be).

Manual trading isn't going away anytime soon. Computers are great for speed, nobody can touch them on that. But what computers can't do is long, slow, observation and that is critical to making money in this game (in time periods above micro-secs). That is how you beat them, you don't play to...

What's the breakfast of choice for Silicon Valley execs? A micro-dose of LSD. No, it's not a joke, read up on it, I think it's got real merit.

Good points def. We clients tend to miss the wood from the trees, ie we only take our needs into account when complaining/whining about a broker. But the broker has many clients, and so they have to take a collective approach. Can't be easy for IB to manage all of this. Whatever the case, IB...

You're making the same mistake Dick Whittington made, thinking the streets of London/NY/Tokyo etc are paved with Gold and all you have to do is go there and pick up the cash. For everyone that heads to university/grad school and then on to work for a bank/brokerage/fund who makes millions by...

JP. I agree. I like IB but I also get the impression they're arrogant. Our way or the highway Jack (and our way is always right because we say so).

What about a stop which is basically a market order when triggered?

Excellent point, patterns within patterns within patterns. And you're 100% correct, this is why the game is hard. One man's trading range on the 240m is another man's big bull move on the 1m. What I've found is you can't really analyse too many time periods as there's normally always something...

I agree that everything is fractal so if you were to take away the X/Y axis and show a 1m chart (one with some action) and then a weekly chart nobody would be able to work out which is which. The problem I have with 5m/20m/60m+ charts is that good signals don't happen that much, probably 1-2 a...

Everyone goes on about 'secrets' in the markets. Well, if there is one, it's the 1m chart, and maybe even sub-1m. Everything starts in the 1m world if you think about it and the moves these days are so quick and often violent (not talking about figure related) that using higher charts it's...

Whenever you see something like 'FX made simple' you know you're being setup because trading is NOT simple, it never was and it never will be. It cannot be made simple either. Granted, very experienced and long time profitable traders may trade effortlessly, but that doesn't mean simple.

If you want to buy property in Greece, choose it wisely because they have a vicious wind in the summer that blows North to South. You want a property to be sheltered from that otherwise on many days you won't even be able to site outside by your pool. Here's a Youtube clip of the wind.

Automation, no, simple strategies, yes. For example, enter on stop limit (4 ticks) with an x tick limit. Really easy to change the levels, move the stop, move the limit etc. I also use a Logitech G13 programmable keyboard for firing off orders, works really well. Button Trader has a 'look' of...

I like the Netherlands, Amsterdam I think the most charming of all the Euro cities. The problem anyone has moving to a new country is the language, assuming you speak English and that country doesn't. So that would bring the possible country list right down. The Netherlands is one of the few...

Interactive Brokers if you're a non-US citizen. Tight spreads, ok commissions (unless you do $1b+ a month). Good fills, limited slippage, strong financials, excellent risk controls on the clients. In my opinion there isn't a better broker on the planet. Just ditch their crappy TWS software and...

Big conclusion that considering I don't even mention trading. I'm just pointing out some of the hypocrisy in the land of the free and home of the brave. People from brave countries don't need 'safe spaces' and genuinely free countries let their citizens do pretty much what they want including...

I'm not fixed on anything, up and down it's all good trading in Cable, probably the best cross on the planet.