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Really good advice in this thread, despite the joking title. When I stopped micromanaging each trade I turned from a breakeven trader into a winning trader. Do not try and get too clever with stops etc just to avoid losers. Losing trades are a part of the system, treat them like business...

Forget takeover rumours. Those who trade things like this at big institutions have better and faster information than we will ever have as retail traders. You can't compete.

Don't get too carried away, nothing pre-empts a big account drawdown better than overconfidence ;)

Good analysis and pretty likely imo, except for the numbers. I'm not sure where you've pulled the exact number of $40 out from. I am more flexible and think the gyrations you describe could occur at any price..

Yes my point is we are unlikely to be at that point yet. Most people I know outside of trading don't even know silver has gone up. Most of them don't even know it was ever a currency..

Same old question, and i'll give the same old answer. Is the owner of a casino or bookmaker gambling? Obviously most would say they are not, provided they don't take too large bets from clients that they cannot afford to lose. They have a fixed advantage over time because the game is...

How do you know it won't go up another 1000% before the bubble bursts?

Doubling up is probably a bit of an exaggeration (or if he doubles he probably does it to a certain point then caps it off), but the principle is rock solid. That is one of the main ingredients as to how I achieved my great gains (see the link in my sig). Pretty much any veteran trader or...

Firstly, i'll let my good friend Paul Tudor Jones say one thing: Secondly, unless you have a real edge options are basically a more expensive way to trade directionally (higher spreads/commisions). The only possible upside to buying calls or puts as a directional trader is they...

You can't have big gains like this without some risk of large drawdowns, unless you trade ultra high frequency (which let's face it almost no retail trader does profitably). Once you have a proven edge you can choose to reap it slowly and securely to earn a living (2% risk per trade max etc)...

Do not mix up some fund managers, who are not good traders but very good salesmen and marketers, with genuinely talented traders. There are many traders/fund managers who cannot beat the indices but retain a large client base due to their charisma, credentials etc. There are also the options...

It may not mark a longer term top, but it is a great level for a quick bounce. Sell 1.4280 target 1.4160

Some good advice for you in the last few posts jaxx. Be smart and listen to it, or you are headed straight for disaster..

There you go, that's your answer. Last time it didn't work out and now you have to also run a fledgeling business alongside trading. As I said before, in another years time or so when your other business is up and running, making some decent income and taking the pressure off you can quit the...

What are you talking about? I answered his question honestly and constructively, which is more than I can say for your contribution to the thread.

+1 Your situation is too complicated. Trading has probably changed alot since you used to do it. You may not be able to make any money for a long time while you learn a new strategy. Just be smart and take the job. In a year or two when you've saved up some more money and your business is...

Once again I disagree totally with your reasons, but our technical reads are the same :D

I don't agree with your reasons but I do agree that equities may dip a little bit further before a very strong rally begins. I am looking to buy a dip in the Nasdaq as I have explained here: http://thenextleveltrader.blogspot.com/2011/03/level-bounce-in-nasdaq-future.html

I always find it quite strange that people talk about U.S. property prices in the same way they talk about, say the Nasdaq bubble. In real terms property prices around the western world are not really up THAT much.. Obviously in certain areas they are up hugely, but as an overall market...

Hi Guys, I am offering a comprehensive 1-to-1 mentoring course on evenings and weekends where I will show the secrets of my technical trading method and the revolutionary way I filter the setups based on the sentiment of other traders. I have statements below showing how I turned £2,784...