Search results

You enter a trade and goes in your favor from the start. No Heat

I second that, only newcomers and dreamers use random noisy charts. Trade something that has meaning to big money. No Heat

Neke, Taking the time to offer my most sincerest advice, hope it serves you well. In order to make it you need to think risk first reward later. Obviously you are not doing this. If something bad can happen that's just too much risk because eventually it will happen. The only way...

I of course think Cramer is a media clown but I'm not so sure the 60%+ run has anything to do with buying high. From another stand point we have recovered about half the territory we lost. Using that perspective I feel like we are more like in the middle and if it continues well, you would see...

Not even a big iPhone more like a big iTouch, does not even have a camera. No Heat

Glad to see a fellow pitchfork trader and thank you for your charts. My experience with them is that they work much better in big charts where the market has a much better construction of price. No Heat

RN, Sorry to hear about your bad day, lucky for you I'm sure the market tomorrow will open and you will have a better day, you just wait and see :) My username says it all, my goal in trading is no heat entry techniques that way I can determine immediately if I got it right or wrong since...

Yet no one ever got very rich taking crap :) No Heat

Sure did then I learned the most important thing in trading. Unless you can find relatively "No heat" entries you got no business trading. No Heat

I have an entry technique that is completely technical and I always take, after that is all intuition for me. No Heat

It's bad advice unless your plan states as soon as I got a profit, exit. No Heat

Here's my humble analysis of SP500 daily chart. Using cash index as guidance, the market is in a clear uptrend, 100 and 200 day averages clearly uptrending. The latest pullback though was brutal absolutely destroying the 50 day, using a 2 standard deviation on the 50, it looks we could...

You could consider a passive investor assuming you got the necessary documents to prove the profitability without a shadow of a doubt. No Heat

Little update on what I decided to do with the extra capital. Don't feel comfortable with any investment right now, decided to say liquid until a solid opportunity arises. Will place the capital in two FDIC banks since the capital goes above the 250k limits to make I sure I receive full...

You are making one very big assumption that after 3 years or so you will be a profitable trader. I hate to break it to you but it's not that easy, on average it takes even longer. No Heat

That is a pretty nasty 50 day average violation since we hoped back above the 200 day average. I say this market is headed for the 200 test my friends. More downside to come. No Heat

PA, I think we need to define what averaging down is. As you can see from some of the posts here we all got different definitions but the one thing we all agree with is increasing position size as the trade moves against you. Some use max risk, some used fixed size, some increase size...

In my opinion, supply and demand is no illusion. Takes risk to make money in this world, that pretty much applies to anything and everything. No Heat

RN, You are a pleasure to read, thanks for putting the time. No Heat

No Doji, I hear you loud and clear, I can't add to winners either. Especially when I come from the school of buy low and sell high. I do however add to losers with predefined max risk and most of the time this equates to instrument collapsing (ie Bear Sterns), I like to think my stops are...