Search results

2009 was a historic year for good deals, if you were "greedy when others are fearful". I'm very bullish on AAPL, GOOG and GS, unstoppable forces. No Heat

Successful trading in my humble opinions consists of two parts: 1) Having an edge, a profitable plan 2) Executing the plan to perfection Unless you trade automated, sim trading helps quite a bit reaching 1) but does absolutely nothing for 2). Best of luck, No Heat

Moderators and avid readers of Elite Trader, I'm interested in learning and hopefully understanding how profitable mean reversion strategies reach fruition. Unfortunately my background is price action and trend following, therefore I'm not very knowledgeable in this department. Any...

I'm almost out of words, although I want to be encouraging losing 25% of your capital in a single week is something I can only fathom in world disaster events, and this is clearly not the case. Not sure what to say Neke, best of luck getting yourself back up but it seems your risk variables...

Dear Lescor, You mentioned making money in the equity markets is better because of equity inefficiencies compared to futures market where it's harder because the futures markets were too efficient. Can you please elaborate as to what you refer to and possibly even list some detailed...

The market direction is not decided yet, it's waiting for earnings, as usual. It's amazing how people possess predictive powers in this board. No Heat

Lescor, I want to start by thanking you for taking the time to do this. I bet it took guts to take a hiatus from the family for the sake of providing them a better living, hat's off for that. If I may, a few questions regarding your trading. How do you scan for setups, mathematically...

This does not guarantee a breakout or continuation, I see fakeouts all the time. Technical analysis is severely overrated. No Heat

Those two used to trade in an IRC channel called #tradingspace years ago. Suzie was mostly learning at the time but Anek was in another dimension, amazing speculator. Now he has a private channel in IRC but sadly no one is allowed inside. Last time I messaged him, he recognized me from the...

I got no idea either but here's a potential way of that happening, with irrationality, have you factored that one in because the market has a lot of it :) No Heat

With all due respect, some incredibly ridiculous suggestions here. The guy has 1300 and no experience and futures are suggested? On top of that, stops of 3 ticks in a whippy instrument like Nasdaq Futures ? Who are you kidding ? Only the best of the best can survive a futures market...

Absolutely, but don't forget the other end of the equation, and how we manager winners. No heat

Perhaps it's because I'm a trader and not an economist. In my case, as long as there is volatility I can let those winners run. Up or down, the less I think about the fundamentals the better I do. Consider this past year, if you traded fundamentals you got killed. Study price action...

Great trading has always been about recognizing fear and greed and exploiting it. Personally I have a hard time recognizing greed but fear I find it to be much easier. No Heat

Careful with Technical Analysis, I've been a lurker in this thread and have witnessed some real hard work, that goes without saying, but I've also witnessed an extremely strong trend pass right through your eyes and during this trend most of the actions taken were to question it. Food for...

Shill ?

I'm afraid to say you are too naive. You see, they hide behind the latency of the computer screen to manipulate pretty much every aspect of the trading details. The trade story changes along the way. At first you think you are the culprit, by the time you realize it's not you, they already...

This is an incorrect approach to trading. Look for short and long setups, cut your losses and ride those winners. Then picking direction becomes meaningless. No Heat

Your best guru is the market itself. These people have a business for a reason. No Heat

Thank you for responding. Happy Holidays to you too. No Heat