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someone's noise, is someone else's profits. it's part of the game.

I agree. I am a bad scalper. I envy scalpers, it looks so exciting. But my job is to make money, not to have exciting trading. size rules and longer time frame (not that long) is just easier imho. tntneo

GG, it's not contradictory. You can add me to the list. we do add to positions depending on the method followed. But it's conceivable to treat the pyramiding as separate trades (ie not seeking averaging, but time spreading). sometimes people say 2 different things but do agree on the broad...

very good map to get out of 'break even hell'

it depends on the sector I think. but I know what you mean metoxx. it's bad at times. that's also why I don't use market orders. with limits it's possible to know when the specialist sits on the rulebook ready to rob you. I also like to test being sold to on the bid first.. bottom line, I...

GG there are many ways. but it depends on you. only studying your losers will tell you what to do. what you suggest with starting with full pos and reducing is a possibility. I know some traders who do that because it's hard for them to take a stop. they stop on half and give the trade a...

hehe ! I agree. if you are talking about this september. well, this week for me on some systems and operations. but likely due to low volume and 'wait and see' mood. I sure hope volume will be back next week. don't care about direction, just come back !

well not much divs on NQ...

I agree.

there is no one answer as metoxx points out. some people do add to winners, but I guess the shorter the time frame the more difficult to do this (or unwise). there are all kind of ways. but the trouble is somewhere else for you : you are stuck at break even. first and foremost...

this thread cracks me up. several talk like there is only one type of trading and trader. that's not true. I too tend to think aphie has it right, but not to the exception of others. of course you may need a 80% win strategy or a 30% is way enough (and hard to get to 35%!). it's good to be...

I agree. noone is right or wrong. trading is subjective to your own method and that includes time frame. there are always 2 sides on a trade. the only way to know if you are right : did you follow your method ? (considering it is positive for you in the long run). So both trader may make...

true the 10% (that's jungle) or 20% rule whatever. still, aphex is on to something. although without any trading experience to speak of, he has the conclusion right. now the last test (the real start of the journey though) : start trading. then you'll know if you have what it takes...

after thinking about it, I think Don says it best, although I stated something different. entry and exit are equally important. OK, I can live with that. I still have the feeling that a majority of the effort is in the exit. but OK, that does not mean it's more important. and still, 2...

there are several ways to look at it. averaging down is as valid as up. blowing a stop is not. these 2 are usually confused. I think traders ought to be humble.. focusing on entry is like saying : "I must (and can) select the best entry price and time, in one shot !". I'd rather admit I...

AAAintheBeltway the entry is important, the question is how important. to me it is not that important as compared to exit. however, I fully agree with your points. all drawdown related issues basically and risk reward related. these must be carefully calculated in the trading method used. I...

I agree with the posters. the shorter the time frame the more important the entry price, usually. I like the question asked by this thread. BUT too often there is not enough emphasis placed on trade direction. the following is valid for most types of trading, but not all.. anyway. the...

:p cpo, you asked for it ! hehe... it is common to say the market is trending only a minority of the time. I understand that, but what I think is more important is this : there is almost always an active trending time frame. periods of totally trend less markets are rarer than most would...

trading is not only about trends. in fact it's possible to choose : are you a trend trader or a range trader ? if you are a trend trader what you are saying is true. but only then. and there is specialist games and liquidity trading and other animals. so I would not limit trading to...

a small PS : the market's auction system is driven by supply and demand. arguably supply and demand is influenced by emotion. however, saying that the market may feel 'patriotic' or not, projecting emotion on it, is ill conceived. even trying to guess the emotion of the majority of...