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  1. mikeriley

    Why does it always rain on me?

    The back and forth game will usually continue until you blow an account or understand the importance of Performance metrics. Your performance metrics are important parameters to evaluate the quality and proficiency of your Trading Strategy. It's imperative to use a system that measures what...
  2. mikeriley

    If I Was a Trader, I’d be the dumbest Trader on Earth

    I use 30 minute charts.
  3. mikeriley

    If I Was a Trader, I’d be the dumbest Trader on Earth

    Just speaking for myself, but the patterns are easier to identify for Futures (NQ, YM, Gold) than any stocks I've traded. I use to trade a basket of stocks just to compete with one Futures instrument. When NQ and the YM are trending, they will move hundreds of dollars before a reversal. And...
  4. mikeriley

    A SpaceX flight attendant said Elon Musk exposed himself and propositioned her for sex

    That's totally fecked up. I would have been headed back to prison after a date with the lovely lady. That's too long to suffer for a lie. Man could have lost his life while in jail.
  5. mikeriley

    A SpaceX flight attendant said Elon Musk exposed himself and propositioned her for sex

    Attorneys love these type cases. That is a very nice plane.
  6. mikeriley

    Never leave money on the table.

    That's very good. I just hope you're still not trying to trade NQ with only $5000. Not sure how that amount could handle the quick drawdowns with anything less than 20K to 25K. Be careful of undercapitalized positions as NQ is merciless.
  7. mikeriley

    The falling of "stablecoins"

    I suspect the Big boys who are more informed are not continuing to invest in crypto if it were all going bust. https://www.thetradenews.com/goldman-sachs-and-dawn-capital-co-lead-70-million-funding-round-for-crypto-trading-platform-elwood-technologies/
  8. mikeriley

    Never leave money on the table.

    I pulled the first paragraph from Investopedia's article titled "20 Rules Followed by Professional Traders". Long-term profitability requires two related skill sets. The first is to identify a set of strategies that make more money than they lose and then to use the strategies as part of a...
  9. mikeriley

    Tired of losing long? It might be time to short - Stephen Johnson

    Millions of traders use shorts as a trading strategy every day. Thousands of farmers use shorts to hedge against future price moves. Unlimited to the upside is negated with a STOP LOSS. A strong trend can be either Up or Down. The #1 Reason.. IF YOU DESIRE TO MAKE MONEY LIKE THE PROFESSIONALS...
  10. mikeriley

    Protect Yourself & Family

    Please read the mass shooting case of Sutherland Springs church shooting. It took only one man with a weapon to stop Devin Patrick Kelley after he killed 26 people trying to enjoy a Church service. He eventually shot himself in the head, because he was bleeding out and succumbing to his wounds...
  11. mikeriley

    Protect Yourself & Family

    No place is safe .The only way to protect yourself and family is to purchase a weapon, get weapons training, and consistently stay proficient at the range. Might need to add wearing a bullet proof vest to the list. None of us have control over what the next lunatic might do, but we do...
  12. mikeriley

    Why is gold doing so shitty?

    Strategy for Gold (especially for sideways action) 15000 tick BAR Any direction - Signal is 50% level of BAR Stop loss - 50 ticks Profit target - 50 ticks Gold is your friend.
  13. mikeriley

    Surprising new book suggests profitable rules-based strategies are plentiful

    The author is correct on both points. I appreciate anyone who takes the time to add value. Those that have none are usually inclined to laugh and ridicule those that do. The author's statement concerning imagination and persistent gives me the impression he understands the utility of...
  14. mikeriley

    daytrading price targets

    Hi there Rams Fan, A very good friend of mine who is now diseased was a futures trader who earned millions. It was he who gave me this sage advice. I owe a debt of honor to Doug, he was truly an ole school trader.
  15. mikeriley

    daytrading price targets

    Hello SimpleLikeMe, No idea why you're asking this question, since I've already given you a trading strategy that works every day on NQ. If I'm not mistaken I believe I've posted at least 3 strategies, all of which work very well.
  16. mikeriley

    daytrading price targets

    Imagine taking no less than $2000 every day out of the market and never using any of those formulas? Absolutely none of that is essential to make money in the markets. In most cases it just confuses people.
  17. mikeriley

    daytrading price targets

    Not all traders use TA tools, some of us don't use any. The title of your thread is called daytrading price targets. You can study price action that will give you an idea where price might be headed. Imagine if you took 30 days and just studied price in 1 market. Sit on your hands and trade...
  18. mikeriley

    OMG! Luna

    Smart traders know how to win. Clearly this trader knows what it means to think outside the box.
  19. mikeriley

    Markets Within 3-5% of ST bottom- IMHO

    Bull market last for multiple years but still people expect anything resembling the bear to last just a couple days.
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