Search results

Your question has too many variables to give defined answers As an example, I trade 200-tick (or similar) speed charts targeting pullbacks in consolidations and/or breakouts from consolidations. I use a -10 cent (ticks) initial stop on all trades, no matter what. Targeted gains are +40 to...

There is plenty of opportunity to profit for skilled day traders. Only the guys emotionally married to single markets or symbols (ES traders for example) or relied on tactics that had no long-term edge have washed out. The stock world is full of symbols on the move, all the time. Crude oil...

after ten years... hell, in way less than ten years, no trade is devastating or euphoric. Losses are mildly irksome and profits are mildly pleasant. trading, done right, has very little emotion involved. becomes boring as hell, for the most part. just a profession that takes time...

long CL 93.05 = stopped / -10 long CL 93.05 = closed 93.45 / + 40 ahead of news long CL 93.50 = stopped .40 / -10 into news long CL 93.85 = closed 94.36 / +51 around the 10:50am entry mark some other 0-cent scratches as well meanwhile, ES and TF remain 100% sideways dead again... more...

no, what you describe are all methodologies that are breakeven at best, long term. More likely net-loss long term but the hapless traders following such failed plans cannot recognize such until looking back with hindsight later on. nor is everything known to man out there in public view, or...

no... it depends on basic human nature give 1,000 traders the same general strat, they will greatly differ in use of... chart time frames (minutes, tick, volume, range, etc) trade signals taken, i.e. which are taken or passed for endless individual reasons days traded using strat...

yet another endless, perpetuated misconception. You can offer the same "edge" to 1,000 different traders and it won't affect any single market or person's results, not one iota.

{rising market, message board "traders"} "short xyz at 1530 > stoploss 1538 {1538 level is passed} "short 1539.50 > stoploss 1560" "short more 1544. short more 1546.50 > stoploss raised to 1580" {next day 1580 is hit} "silence from the poster... pretends that never happened, lets time...

If you have a solid trade method that follows price action with directional bias, no market can never "move against you" for very long. At worst you will hit brief periods of chop for mild drawdowns... that is it. Then when directional price action resumes as usual, you cover those mild draws...

financial markets have been creating high-odds outcome price patterns since the dawn of trading, they do so today and will continue to do so forever. Those that never figure this out, never realize what they are missing. Those who figure this out, spend all of their time in the markets grinding...

no serious trader would consider trying to match up signals across four (4) charts in the first place, let alone highly correlated ones all based on time bars to boot. if you cannot make highly effective trade-entry decisions off one chart or two charts max, four or five or ten more charts...

if you have a defined edge, and operate it while managing yourself properly, $30k is plenty for futures. if you don't have a defined edge and/or cannot manage yourself properly, $3 million is not enough.

#1: Ignore anyone who eschews technical analysis... those aliases are 100% sure losers in due time. Trading "common sense = thought = logic & emotions = gut feelings" are 1,000% a net-loss process over time. #2: Ignore most of the shit you read in public message boards... most of it is...

The day's P&L rolled from -$500 to $0 to +$400 to $0 to -$500 several times. Turning 2-lots CL and 2-4 lots ES, trying to ride anything going anywhere. Typical dead-wedge nonfarm Friday inaction. They commonly do this, just like FOMC sessions of the past few years. It was no surprise, called it...

one thing I've learned in this profession: any company, no matter how big or solid looking, can falter (or worse) at any given time with greater speed than you can fathom. seeing many other traders with stranded (or worse) literal fortunes in the past taught me to keep the bare minimum...

busy morning: learning GZT platform and working Ninja-CQG platform side by side. CL: short early, -10 cents. Then short near that stopped exit, then short more below support turned resistance. Price worked just enough in favor to trail stop, price bounced just high enough to trigger said...

that is 100% the case. Many retail traders were forced out due to lowered volatility, tougher conditions and less opportunity to profit. Lots of those guys still hang around and follow the (in)action or even paper trade, hoping for better conditions ahead. But the discretionary funds used for...

it ain't what it used to be, but when VIX rises back above 20 and stays above, she'll return to normal behaviors. a lot of supposed traders out there will claim they are killing it inside 8-pt daily chop ranges, but you'll never see them post proof of such results. meanwhile, reality is that...

I have done that for years... while watching other traders like Don Miller (as a public example) get stranded with large sums of capital. Unless you average down = against like he does with the "creating liquidity" martingale concept, there is no need for huge margin excess. Started with...

No blotter today, as I got v-turn chopped in ES, TF and ZS losses, which offset CL gains to the tune of -$500. By noon I shut down in disgust, frustrated with continued comatose stock index markets. But the good news is, I made a mistake... it was only in sim! For the first time in my entire...