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  1. J

    Tell Me Why This Simple Strategy Won't Work

    Just as an update, I have been running an approximation of the strategy I described earlier lately. Not going for a double account on every trade, but really pushing the gains and clipping the losers quick. What I find is that I always seem to be up at some point during the day, no matter how...
  2. J

    Tell Me Why This Simple Strategy Won't Work

    Just didn't have the stomach for it. It was against the longer term trend and I just wanted to let it run long enough to recover the earlier two losses plus a small gain. 8pips was enough to do that. Attached is what ended up happening. It continued in my direction for an additional 40 pips...
  3. J

    Tell Me Why This Simple Strategy Won't Work

    If this question is for me, it was a AUD USD Trade that I took a loss of about 4pips on. I'm currently trying a similar strategy to the one I described except instead of trying to double my account on each trade, I try to at least make up my cumulative losses up till that point. Plus a small...
  4. J

    Tell Me Why This Simple Strategy Won't Work

    Another way to look at it would be like this. If someone were to come up to you and say. "I want to deliberately bust my trading account. How do I do this ?" What would be your advice to this person ? Wouldn't it be something like. 1. Take a trade against the trend. 2. If the market goes...
  5. J

    Tell Me Why This Simple Strategy Won't Work

    Yeah that sounds right. I came up with this idea mainly because I would always seem to get myself in trouble the same way. Having a decent strategy, following the trend, making money. Then one bad trade getting away from me that I couldn't psychologically get myself to cut for whatever reason...
  6. J

    Tell Me Why This Simple Strategy Won't Work

    1. The first trade in the sequence could be based on a coin flip, yes. It really doesn't matter. You take the loss if there is one and don't make the second trade in that direction. For instance if you went long and lost, your next trade would have to be a short that is below that...
  7. J

    Tell Me Why This Simple Strategy Won't Work

    1. You Go Short (Or Long) a Pair. 2. Your Stop Loss Is 3 or 4 pips (Or Some Small Arbitrary number that you pick and stick with) 3. Your Profit Target For Each Trade Is To Double Your Account. 4. You Never Go Short (Or Long) at a Higher (Or Lower) Level Than the Previous Trade. 5. You keep...
  8. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    This scenario of what happened is completely contingent on the testimony of Zimmerman. Martin cannot tell his story. All we know is who initiated contact and who continued to pursue against the advice of the police.
  9. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    So if I were to follow your wife or daughter and the next thing you know, she ends up dead and I have injuries, you would have no problem with this ?
  10. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    I agree. It's amazing to me how blacks passively accept second class citizenship in this country. After all that has been done to them, they still don't get that they will never be accepted as full citizens with the rights of a white man. Maybe if they would stand up for themselves more even...
  11. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    How so ? The scenario I described is completely plausible in this case. What am I missing ? All we know is that one party initiated contact with the other (who also had a legal right to be there, and a right to self defense) and continued pursuit after being directed not to. After that, we...
  12. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    You are correct. But only because the only evidence that Trayvon initiated the violence is the testimony of Zimmerman. All we do know that is indisputable is that Zimmerman initiated contact and continued to pursue Trayvon even after being told not to by the the dispatch.
  13. J

    ABC’s Dan Abrams Predicts Acquittal In Zimmerman Trial

    If Zimmerman is acquitted, it is now officially legal in Florida to stalk someone, pick a fight with them, kill them if they fight back, and say you feared for your life. The other person is dead so they cannot present their side of the story. Your word against a corpse. Someone tell me where...
  14. J

    Obama administration is an abject failure?

    He's got at least 4 million more than your guy. Last time I checked he won.
  15. J

    Psychology Book for Traders

    Yes it was a good read, I just noticed it started with Chapter 6. Working through psychological quirks is the last issue I have with trading. My problem is patience. I have a good system with positive expectancy. If I could just get myself to wait for entries, I would do 20% a month...
  16. J

    Psychology Book for Traders

    Where can we get the rest of it ?
  17. J

    Wall Street Warriors

    What are some examples of Higher Bracket Trading Firms that you mention ?
  18. J

    1/4% Tax on all stock trades pushed in NY Times today

    Somebody educate me on this line "On intraday trades, the tax is levied on the net buying position at the end of day, reducing the impact on hedge funds with rapid-fire trading strategies." Does that mean that as long as you are even at the end of the day you owe no tax ?
  19. J

    Capital Available for Traders

    Yes, thanks.
  20. J

    Capital Available for Traders

    So to clarify. If you only want your history going forward tracked, you need to create a new IB account ? Or can we start the tracking from the moment we begin a relationship with RAPA ?
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