Search results

Volpri actually has a very good point in making his strategy sucessful: Often it is not that hard to identify the direction within a certain time frame, however the precise entry point is hard and tricky especially in volatile market, and if you set a narrow SL, you would often end up a loss...

Wise move. Focus on building better strategy and better implementation of it. Daily profit or loss is just a noise. Posting regularly is a lot of distraction and adding unnecessary mental burden to yourself.

You trade conservatively to reduce draw down and that is very recommendable. 2% per day could be easy or tough depending on how much leverage you use. in your scenario you use 1 MES for $1000, that mean you need to get 4 full points MES for $20. In days very that are very volatile like...

It looks like you got a good feel on the market. Very nice!

Not specific to anyone here, just generally speaking, as you can see in plenty of cases when people misjudged the market directions and go against it and lost, and they always find excuse to blame on the market and claim that they are smart but the market is somewhat stupid to protect their ego.

If you look at everyday the new 52WH list, you can pretty much tell how strong the moment every day. On strong days lots of tech just blast out with 10 point 20 point gains and there is a long list around. And again, trading essentially is all about making sound choices: sound choice on the...

When people talked about greed or fear or some psychological impact caused them losing trades, it is mostly technical problems rather than emotional problem. If a system has given clear signals on E/E and proved to be 90-95% reliable, then strictly following the system should not be an issue...

Here are some thoughts: 1) China produces far more engineering college graduates every years and these kids are smart and working hard; and we all know technology is a powerful thing to drive the economy 2) Chinese engineers (lots of them) work 12 hours a day compare to 8 hours here; they...

The Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion in Madoff case. So he got 150 years, divided by 18000 million, that is 120 million for a year. This woman lost about 20 millions (19.5) and get 3 years, actually it is more severe...

When I checked using @ES continuous contract, the ATH was 3375.75 on 2/20, as now ES is trading at 3378.5, does it mean it surpasses the previous ATH? what other numbers you guys are using?

I don't understand how can people trusted her with their money? she got a psychology degree, not even a financial /business one, even most people with these degrees can't do well in the world of trading; and she is relatively young and not having a track record. Probably that is why her most...

Almost everyday plenty of stocks up huge and down huge in the same time, if you have a system to spot them and make profits you don't really care about the general market conditions. Here is today's market, both sides : All you need is to play 2-3 of them to make a decent gain, either Long or...

I used to trade with a couple of 7 or 8 inch of Window tablets that are touch screen and even with active pen for more precise control on charts. I can fit it in the pockets in my pants and pull it out easily. They are Intel Atom CPU and decent power with 2G RAM. I used to have even small...

You scale small increment like 15 to 25C each trade, this remind me of a trader at ET (he was pretty active a few years back there) and he basically made about 2-3 C per share, but since he traded with Prop firm that provided plenty of fund, he played big trades and he probably made more than...

See you pretty consistent in achieving profits most of the days, and you got the capital, but you play very small trade (100 share), any plan on scale up the size soon?

480 books, are there really that many trading books around? Just curious.

Someday when you feel you make enough money and don't want to trade substantially and take a semi retirement from trading, and if you find a good kid who is sincere to learn from you, you may treat him like an apprentice and hand these posts to him and ask him to go through them while practicing...

You can compile your posts into a book, just organize them into different chapters depending on the technical aspects. Very thorough and detailed descriptions and analyses.

LF: Sorry I didn't see all the posts, never mind. B1S2 made a lot of good calls and especially is so convinced about the BULL market since the recent recovery, when so many of old traders are so negative/pessimistic ; One particular thing about him is once he has a conviction he never waver or...