The risk for the industry related to Peregrine is losing the trust of a trader like Jacob Ursel, an 18-year-old investor in Calgary, Canada, who said he has $7,200 frozen in his Peregrine account.
LOL
ok i feel for nthis guy but only $7200??? 18 years old??? HELLOO???
While Ursel's...
it goes even deeper. the government is the cause, but who runs the government? it's the multi-national corporations. politicians are paid and bought for.
I am just reacting to the main idea of this thread which said there are laws in trading, which is something you can't say. I have written the rules I think are most appropiate, but for my style of trading. From what I can tell we actually have the same idea, in respect to edges. Not sure. Then...
9-11 mean reverted.
If Buffet ever used stops he wouldn't be as rich as now. I hope it is clear to you one size does not fits all and in most cases stops aren't appropiate
Also, when a trade goes against you people seem to think the edge disappeared for that trade. That isn't logical. If...
1. Find an edge
2. Don't use stops, if you need to use stops your leverage is too high
3. Average in. Nobody can predict turns but markets always mean revert
4. Don't daytrade, keep your commissions low, swingtrade or semi-buy and hold.
but you know there is no perfect system, i know a perfect system no losses for 10 years, then it started losing. Luckily the system is still in profit every year for the last 20 years, but the 100% winning ratio obviously was fake, it's only a 90% winning ratio. And how do you live on 100 ES...
June was a very good months, setups kept working, when they should. Just last week, market overbought, then market went down. I wish every month was this easy. Or that is July :p
I hate trending months like may.
multi day drop to 1325.. today would mean 2-3% down, unlikely .. I think that bailout rally was too fast too much and we should erase that whole move.
the only right position is flat or short, imo, now. :D
Mean reversion with the trend works good but buying panic bottoms also works. Even 2008 panic bottom bounced eventually, just average in. Go from 1-2 to 1-100 leverage.