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LC, Are you mostly a stats based trader? FoN

Sounds good but isnt that impossible to achieve?

Well crap any tips on how to learn from any of you super traders? FoN

Down 20% FoN

Impressive !

I do something similar I spot a trending instrument that's currently consolidating and when it finally escapes in the direction of the prevailing trend, I take my chances. FoN

Dont trade unless the instrument is trending. FoN

Would have made more money in Walmart this year, that's for sure. FoN

I second that, on top of that trading is no easy business, then you wonder why the hell we even bother. FoN

Yes but identifying is the market is consolidated or trending or if the consolidation is over and about to start trending is pretty much all there is to it to trade profitable. The rest are just bonuses for calibration no?

My dream trade is catching up a 1000pip move on the total of your final size and take no heat :D FoN

Easy there sailor, we have a difference of opinion, Ive been told there are many ways to skin the cat. No reason to get abrasive. FoN

Thank you for taking the time. I find the 5 min too fast, too noisy. Believe it or not the chart I like the most as a daytrader is the daily chart. Maybe I'm nuts ! :) FoN

No Doji, Do you use one timeframe or multiple ones ? The reason I ask is because when you use more than one you run into conflicting trends. Another thing is that how many days you look back on a specific timeframe could lead you to find multiple conflicting trends in one timeframe...

And the tax implications? FoN

what is vol ?

Trading fundamentals never worked for me as the market likes to screw the vast majority of people at any given time. Best thing to do is trade price. However, it's very hard to trade price and ignore fundamentals, sadly this is what must be done. FoN

On a side note. Still havent exited. Going for new highs or more adds :D FoN

I did SPY to keep it simple because my add ons were small, 100 share increments. Like I said I had anticipated down to SPY 50 :D Naturally everytime my shares got divisible by 500 I could swap with 1 future, but I didnt do it when I had the time. FoN

I dont think I got lucky, I know SP500 cant go to 0, so chance of blow up don't exist, at least realistically. I was gutsy, not lucky. I had anticipated a crash below 2009 lows so had planned again appropriately with my money management. Never lost a penny doing this. The problem is...