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What up range trader. I fully agree with you. I use a time expiration in the forex market as well. I use it to cut losers short. If a trade is going against you time definitely is not your friend. In the stock market I also have a time expiration. If the move hasn't been made there's...

The first pullback that you can consider is a higher low then the previous low which shows potential for a new trend. To increase your chances of a successful pullback. It's nice to wait for a reverse pivot towards the trend. This helps confirm a probable pullback. This particular bar is...

Yeah i was just joking. I believe there was some sort of sarcasm in Steve's reply as was mine originally. Just messing around! At the same time I don't rule out possibilities. Obviously by my previous post i back test my strategies. I don't use any indicators just simply looking at naked...

Sounds good to me!

Everyone has there own strategies and has a feel for what they do. I like to look for the worst performers at the end of each day. At 12:30 pm I look at the catalyst for the drop. If i determine it was a panic sell. The next morning (the honeymooners period) longs come in cost to dollar...

I can!

Makes sense to me!

I was going to say the same thing. I risk 2% max per trade in the forex market and use wide stops. Stops outside the range i'm trading and take profits inside the range. Good entry, reasonable profit target, Stop outside range, take profit inside range, R:R 1:1 initially, 2% risk per trade...

What up Frank i actually meant a profit target for the stock itself not my profit. Basically buying an otm call or put and securing profits with a 5 to 10 % move in the stock. I can see how you would assume i meant 5 to 10% profit due to being a some what stupid question as I know you can...

Just wondering if you guys think 5% to 10% would be adequate to profit target with options trades as opposed to 1% to 3%.

I personally max out at 3% risk per trade with a 70%- 80% win ratio. Reward 1 Risk 1.5 Any more is risky due to the win ratio always changing with future performance. I really prefer 2% and if my account increases to a respectable amount i'd have no problem decreasing to 1% or less...

I really like that you are risking only 5% on this trade. It is a lot safer way to get rich if probability is truly on your side. Keep up the good trades! Your making me want to lay low on the forex spot market to put some time into some options strategies i have been wanting to try.

Cool!

I agree you need an education to trade. You can educate yourself by simply looking at charts if you trade price action. You can educate yourself by researching particular stocks and currencies,commodities if you are a fundamental trader. By no means whatsoever do you need to go to college and...

I have been also looking for a trading job. Unfortunately I have no college experience as i took over a family construction business shortly after high school. My construction business got hit fairly hard in 2008. So i started to get serious with trading. After 4 years of hard work i have...

I understand partially to what you are saying. To keep disciplined to stick with your trading style and to evolve with the markets is a tough feat. Trading definitely is not a hit and run arena. Trading is a job for many people and there are many people that have been trading for a long...

Thanks so much for your reply! Right now in my scalping strategies I really like to wait for a good set up. A good setup with an even R:R or better. The only reason why is because i probably don't see the opportunities that you see. As i progress i will probably take more trades. I...

If you look at the two pull backs you will see once a green bar reverse pivots towards the trend there's a sweet gain to be made.This is very common. I Set stop below the support of the previous pullback bars and let the trade ride with a good r:r trade. I agree intraday trading can gain...

Ha ha, good one!

The problem is risk control. Making a living off 10,000 dollar account makes no sense to me. Even if your leveraged 4 times (40,000)The amount you risk per trade would be too high. In the real world you can't say. "Okay i plan on making 10% a month so my income will be 4K". That is not how...