Search results

Live in Belgium, in person is no problem. I would talk you out of pennystocks. Bitcoin no problem.

Not asking, offering... no need for your money. If you make money, you can pay what you like, or nothing, your choice. You need a background and some basic understandings of making a trade. I will point you in the right direction, you do the work. Any instrument, any timeframe, any market...

1) know yourself 2) learn how to think like a trader 3) write your tradingplan that includes a clear edge, exits and positionsize 4) set a clear goal 5) repeat 2,3 or 4 If not succesfull

The years I spend on 'research' to find a working trading system are years wasted. No wait... Not wasted, it brought me to a point of so much frustration that I looked at trading in a different way. Now I know that trading results are simple an outcome of random events, with a probability in...

Do not know if that one is real. There is the little book that beats the market from Joel, a value investor, or their are books from market wizards from Jack. Both are good reads.

I do not think you need to think in percentage returns on capital if you are going to daytrade. What is the point of doing that? If you trade Oil with a margin of 5000$ per contract, is your capital then 5000$ you invest? or do you calculate the total worth of the contract? It gives two total...

Your friend is leaving out something very big to his succes in trading. Something he is not even aware of, I think. His succes does not come from candle pattern, breakouts or other information. His succes comes from 'knowing' when the pattern is in his favor and flawless execution of his trading...

MLM, same mindset: Random, anything can happen, winning attitudes, exploiting an edge, number game, predictability in large samples.

Sometimes the teacher learns the most about what he/she is teaching and viola, you are a successful trader...

The stock can go down much further then the premium you collect. You can buy it the option back and sell another covered call at a lower strike but in general you just make up some of your loss on the stock with the premiums received. In the long term this can be leveled out but it requires...

I closed that account because not all the numbers where visible in the balance column of their website. Moved on.

Haha, I wish... increase trading enough is also increasing risk to a level that I'm not comfortable with. Some examples of trading process in my world: Let's say I want to own an index. I have several choices to do this. I can buy etf, future, options and so on. I can split orders over a period...

I do understand positive expectancy and maybe I'm wrong about it how it is over rated by many traders that are searching for that edge in the wrong place of their positive expectancy system, namely the entry of their system. I can not put a number on it, but I think it will be 5 or maybe 10...

You mean 1) Having an edge, 2) Riskmanagement, are the only 2 ways to make money in trading. Right? What I do not see in the OP system is an edge. No matter how complicated it will get. It is just a lotto bias where he thinks he can 'control' the outcome, because he can choose the 'numbers'...

Control of past data is not an indicator of future results. If you get results with this, it is not because of what you think you are doing. It will be because of your money handeling strategies with winner and losers.

OP: You are undercapitalized. Demoralized is a state of mind. State of mind comes from understanding your believes about your trading and discipline. Control about your reactions and feelings on something that 'happens' is the only solution for this problem.

I would stop Sim and start trading live, instead of doing a study on price study. I think you will encounter different kind of problems, that has nothing to do with price action, but everything with your personality and how you will handle live trading.

I use Sierra with IB uk and IB us. No problems... Chart trading works perfect.

Thank you, I like to BS in forums..

Let's say you flip a coin. Do you need to understand that why it is heads this time? Or do you need to understand that in the long run you have edge or no edge? The coin is known for two sides, but trading strategie is not known for two sides, it has unlimited variables. The only thing you...