Search results

I only do set it and forget it. It’s when I putz with the set up that I mess it up. Setting it up and leaving it alone works better for me.

I took some time away from the screen and visualized what a “perfect trade execution” looked like in my head. I’m not talking about the “perfect trade” (i.e. price moving to my entry and hitting my target as I expected) but perfectly executing my steps in my trade plan without breaking my...

I look for strong moves (patterns) long or short in the market. There is no “math” per se but that type of strong move indicates to me that enough money is flowing in the same direction for whatever reason. My strategy is to follow that pattern.

The most common example I’ve heard of for application of QC is national security applications for breaking encryption codes. That said I could see it having a potential impact on high frequency trading. But for a swing trader who’s not trying to necessarily compete with speed I don’t see how...

I agree completely. You never know from day to day who or what you’re trading against. All you do is simply follow your plan consistently and carefully monitor your progress. The end.

So what that means is as the correlation declines they make money as the spread between the pair gets wider.

Hey TM. Do you know anyone that ever did Online Trading Academy? If so what did they say about it?

Interesting. I don’t know much about pair trading so my question may be moot. What made your lean towards the short side of IWM versus the long of SPY when the market was trending up last week?

Great tip Steve. I couldn’t agree more. The only other thing I would add is when journaling keep track of your emotions while you trade. Emotions can take you on a serious roller coaster ride when trading that can have a big impact on how you perform.

That video was hilarious :D:D:D

Totally agree. I think there is this perception that outsiders think day trading is easy and they can learn it by reading just a couple of books and off to Tahiti they go. So when people new to the profession fail they think that this is a crock of crap and no can succeed at it.

Agreed!

True that. Think it struck a nerve?

Boy. An article that basically said what we all already know “new traders lose money” really pissed some people off. Damn. Lol.

It’s like they’re copying and pasting random phrases from an economics text book.

And what exactly was the writer basing the “1 Trillion” part on? Based on what?

Debut Video Capture is good software too Http://Www.nchsoftware.com/capture/index.html It costs for the full version.

I think THE most important qualities for success as a trader are perseverance and consistency. When you’re starting out you’re going to lose far more than you win. The losses will constantly make you second guess your rules, but if you change your rules with every loss you’ll never get the...

I love your attitude about your trading. Keep that up whatever you do.

Good Luck LT19. Stick with your plan. You can learn what works and what doesn't that way.