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  1. mikeriley

    Define “Edge”

    Following modified mean reversion method, fearless & disciplined tactical decision making capacity to act decisively when price hits my target. Following strict daily trade limit (Never over 6 trades per day) Following a strict daily loss limit. (Never trade over the limit) Following a strict...
  2. mikeriley

    Superbubble video: Grantham

    Thanks for the video. On a micro level, using linear regression I follow his investment philosophy in trading. Mr Grantham's wikipedia.. Grantham's investment philosophy can be summarised by his commonly used phrase "reversion to the mean." Essentially, he believes that all asset classes and...
  3. mikeriley

    understanding the causes of chart patterns

    Appears my attempt at levity needs improvement.
  4. mikeriley

    Taking profits and letting winners contradiction

    Jeopardy Answer: Techniques to scale in and out of positions.
  5. mikeriley

    understanding the causes of chart patterns

    Can I predict price? Maybe not, but with the right tools, executed at the right time I can damn sure prepare for high probable price action to RETURN to a prior price LEVEL. Every week price moves back and forth between PRICE LEVELS. On the chart posted for E-mini Nasdaq 100 futures, on 2/14...
  6. mikeriley

    Charts For No Reason

  7. mikeriley

    Charts For No Reason

  8. mikeriley

    Recommend Some Educational Resources on Futures Trading?

    There are free courses here --->https://www.cmegroup.com When you get bored with cme website courses, try The Complete Guide to the Futures Market by Jack Schwager Just my opinion, but my best teacher was losing money. To your trading success.
  9. mikeriley

    It might have a point…

    Apparently anonymous failed to envision many purchased hard assets, real estate and commodities with crypto profits. Better armed to fight an adversary with wealth than poverty.
  10. mikeriley

    Amateur hour (wtf?)

    Enjoyed reading your assessment, especially concerning the comment above in quotes. They really don't know what they're missing. Between 2am to 7am price action for both nasdaq and the s&p futures trend very well without volatile swings. Not to mention they always move in symmetry like clockwork.
  11. mikeriley

    NASDAQ 100 on the move

    SunTrader, It could be I was on the 30 minute chart. I use tradovate on Central time zone or exchange time.:) A conundrum of sorts.
  12. mikeriley

    Fed tests digital currency without blockchain

    Because bureaucrats are in a league alone when it comes to controlling OUR assets.
  13. mikeriley

    NASDAQ 100 on the move

    SunTrader that's a wonderful move. Those numbers are from this morning. emini NQ for March contract. You all make valid points. Appreciate the insights.
  14. mikeriley

    NASDAQ 100 on the move

    NQ move started at approx 7:30am dropped from 15027 to 14796 within 30 minutes. Prior to this post price is hitting 14721 Amazing how NQ makes moves on a daily basis that it takes the average stock a month to accomplish. Correction, most stocks never accomplish such moves. May everyone have a...
  15. mikeriley

    Why I don't short

    I think that's an effective strategy if I were a young man. Trying to reach financial independence before I'm dead compels me to follow a more aggressive strategy. Thank you Jesus.. for the rubberband-like affect price action of futures that help to trade both directions.
  16. mikeriley

    DOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex Hack

    I doubt this couple was involved in the actual hack/stolen bitcoin. Residing in New York city, with a Russian connection points to gentlemen of dubious character smart enough to launder stolen crypto through layers of another naivete patsy.
  17. mikeriley

    Crypto Pumping

    Interesting they are still using the same ole conference style advertising strategy. Hopefully future clients will execute due diligence.
  18. mikeriley

    Best software platform for execution

    I don't use a lot of charting bells & whistles nor the Dom either. My platform for futures is Tradovate. I've yet to test any platform that can beat their low fees/margin criteria. Though most days I trade over night, execution has always been fast and I've never had issues. (knocks on wood)...
  19. mikeriley

    Seeking recommendations for local/stoch vol libraries

    Hi LM3886, I'm personally not familiar with options, but IMHO I think one of the most effective risk mitigation measures uses time. As a strategy I use time for both stocks and futures As for complexity and computational time, understand that you don't have to build it. There are many highly...
  20. mikeriley

    Demo vs Live dispute

    While showing a friend price action of Crude oil in a simulated account we laughed and joked while sipping cappuccino. 10 minutes later in my live account I was cursing at the computer screen. Yup. no difference at all.o_O
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