Search results

If you'd bothered to read half of this thread, you'll see that I've given him plenty of credit. My point is, if the market had have moved the other way then where is your stop, where do you get out?

The problem being that you are risking very large amounts to make very small amounts. Im not sure where your stops are but say they are $1 away then you are risking 100pts loss for 16pts gain. Therefore you need win over 6x for every loss to make a profit overall. Just a little something to...

you need to brush up on your fishing techniques. 1/10

but have you learnt anything about why you made those trades?

I was referring to somebody else... and its 'porph'.

when have i put the boot in to Spanish? I've merely stated my opinion that a lot of people blindly follow him without really understanding what they are doing, looking for a quick buck.

At what point it a trade going 130-140pts offside not enough warning that you got it wrong? How big is your account? What relation does 150pts have to the opening price and the price action?

Why would you widen a stop if you 'thought' it would not be hit? All a stop is is a limit order in the opposite direction. If you also consider being flat as a position then each trade and each 'stop' is just a means of adjusting that position. You open your buy but at the same time you have...

Sorry, what reasoning is there behind that statement?

Why do you use an arbitrary value of 100 for your stop loss? Is the volatility of gold and oil the same? What are you basing your trade entry points on? S/R? candle patterns? Guessing? Instead of increasing your stop losses when you 'think' there is time for your trade to 'recover' - need to...

From which account blowout will you learn money management?

LOL, gone fishing..

Spanish, the candles on t2w is different to the one who posted on here.

You seem to take a lot from a single throwaway sentence. I was merely implying that quoting a famous trader does not suddenly make you any more right. Have a nice weekend, I will xxx

wow you quoted Livermore. Well done, can you just remind me how happy and successful he was again...oh :(

There will be no more updates! Its served its purpose in so far as forcing me to keep a track of everything I do.

Taken some more points from the dow last night and this morning to hit the 100k mark which was my target for November. Going to try to double it in December.

excellent day today. About 13k net profit.

sick man. I think yours is more impressive in that im sure you take less risk per trade. Glad to see my username has positive connotations though! I have also had a 'porph' day. Profit of over 10k today. Broken well through the 90k marker and looking at the big 6 digits soon. I think that was...

I basically didnt wait for confirmation of a reversal. Also made a mistake with position sizing. Nevermind.