Search results

German banks have about $500b in exposure to PIGS borrowers, does anyone seriously think they can afford to let them die? Merkel is facing elections in May so there is political pressure on her to act tough right now, but reality will sink in eventually, the taxpayers (most likely German) will...

Not gonna happen, they have too much vested interest in those countries.

Probably somebody from GS or SEC knew about this and decided to profit from it.

Edge does exist, but not in the way most ETers understand it. Technical analysis or simply watching price action won't ever give anyone an edge, knowing how to trade breakouts is not an edge, identifying an arbitrary resistance/support level and trading it isn't an edge. In fact I will go so far...

Some traders' edge involve trading in relatively illiquid markets/instruments, and most of these strategies aren't scaleable.

Same old reasons - no edge and undercapitalized.

You are under-capitalised unless you meant $45 grand, and not 45 dollars.

Depends on whether you have a good edge. Goldman Sachs' high frequency trading is raking in billions for them, they sure aren't losing money from "over-trading". 99% of the traders out there don't have a good edge, making arbitrary buy/sell decisions that are based on reading price action or...

You won't find any edge in futures, especially if its a very liquid instrument like ES, and you must be kidding me if you think you can identify big players and their algos with price action/tape reading alone. My edge involves arbitrage and 2 markets, and no I'm not going to tell you what it is.

Happens all the time, mine lasted more than a few months though.

Yeah same here, I too have a very unpleasant experience when I tried to trade out of boredom (when there was clearly no setup), I lost a lot of money on that trade, it was basically just gambling and I deserved to lose. That was 2 years ago, but I still remember it because that was, and still is...

Trading doesn't require practice, its not a sport or something. You either have an edge or you don't, no amount of practice without an edge will make a trader profitable.

Its inflation, colleges should stop printing those diplomas.

This is BS right? Where did you get this from?

Yep, the money in my trading account is just a small fraction of my liquid net worth, its just there to meet margin requirements, no serious trader would use that as a base to judge his performance. Its your liquid net worth that matters, who cares if you double the money in your account every...

No because there is frictional cost when you buy and sell.

Automate your trades if you have trouble controlling your emotions, thats the only solution. I am guessing this isn't the first time you have doubled down into a loser. What about the other times you did that and got away with it? You know doubling down and somehow getting out with a small...

Thats tape reading, not price action.

Exactly. Price leads all indicators, you cannot have TA without price action. What is price action? Price action is simply how price reacts at various s/r, breakout pts, moving avgs (for ppl who like to use indicators), etc. I know how to read price action but I have to agree that its...

A 1k drawdown out of 10k capital is 10%, that sounds like too much risk to me.