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  1. Chris Mac

    Grim future for day trading as a career

    Hey, why not ? I think i spent at least 20 000 hours, maybe 30 000 hours with the markets. During this time, 10 000 hours were dedicated to my Bloomberg, I read about 200+ books, thousands of articles, attended hundreds meetings, seminars... And I still learn and am happy with it. Merry...
  2. Chris Mac

    By day trading, is it really impossible to get a 3% return every day without fail?

    So true. This is human nature. In some domains, we are losers, in others we are winners, in all aspects of life : job, career, trading, love, family, friends, sport, game... These are conscious and unconscious choices. But natural tendancy when you lose is to repeat again and again same...
  3. Chris Mac

    Is this a good risk management strategy?

    Seriously? Is this it? You think risk-management is the most important. Nope. If that was true, all risk-managers would be rich. All quants would be rich. LT successful trading is about skills. You develop them with experience, testing good and bad methods, set ups ... And finally find one that...
  4. Chris Mac

    Is this a good risk management strategy?

    Trailing stop or any kind of physical stops : at the start, you feed traders that chase stops. Better wait best entry, no stops, and get out if your mental stop is reached. When your trade is a winning one, nobody chases your stops. Money is already in your pocket. Yes, this is my truth. Tell...
  5. Chris Mac

    Is this a good risk management strategy?

    Well, trailing stops make sense when you get already a big winner, you are near your target, but not sure if it could reverse or continue to make new highs. For example, you can sell half and keep the other half with a trailing stop. It could give you an extra bonus. But placing trailing stops...
  6. Chris Mac

    MCD is in big trouble. May not exist in 5 years

    New new new new new new new highs, BUT be sure Hajimow will soon explain he made $$$$$$$. Even if MCD went to 200 dollars, he would still make money. Let's close this ridiculous thread !!!! CM
  7. Chris Mac

    Brazil stocks

    Man, what you are writing makes sense. I agree. But it is like casting pearls before swine. m22au did'nt, doesn't, will not understand basics. Let him dream. CM
  8. Chris Mac

    Could UGAZ go to zero?

    I see. This kind of ETF is a 100% losing game ! Thx. CM
  9. Chris Mac

    Could UGAZ go to zero?

    Of course, we are at a bottom for natural gas (NG), but remember, historic low was at 1 dollar ! (24 years ago). This could be a good idea if you are patient and want to diversify your portfolio (5% of your assets for example). But if you have no perfect timing, you better buy it regularly on a...
  10. Chris Mac

    The Definitive Guide to Mastering the Psychology of Trading

    Ok, thanks. RIP Mark. Sure I will buy it but I live in Europe and right now, there is only a Kindle edition available. CM
  11. Chris Mac

    The Definitive Guide to Mastering the Psychology of Trading

    I thought Marc Douglas was dead ? Is it a post-mostem book? CM
  12. Chris Mac

    Any Heikin Ashi daytraders?

    As lot of Japanese tools, HA is a great one, for many reasons : - few people use it - HA shows trends simpler - HA keeps you longer in the trend - HA works with all markets, all time frames. Disavantages : - Incorrect prices : you need to compare with a classic candlestick chart at the same...
  13. Chris Mac

    MCD is in big trouble. May not exist in 5 years

    I totally agree. Week after week, Hajimow tells everyone to short MCD, and at the same time, he is bragging how much he made with his short Puts???? Let s close this insane thread. Non-sense. CM
  14. Chris Mac

    MCD is in big trouble. May not exist in 5 years

    Why some? all. No, thanks. USELESS thread EVER written. Just close this thing. CM
  15. Chris Mac

    Why can't I pull the trigger?

    Maybe you better play with your own money. Trading with family and friends money is too difficult when you are a beginner. CM
  16. Chris Mac

    I'm 21 years old, couldn't enter University, planning to trade full-time.

    So wrong. "Smartest most educated people" are usually bad traders. Of course, you will get some exceptions : Jim Simmons or Edward Thorp for example. But top MBA's from Harvard, Stanford ? etc. => they will generally fail. Why? Because : - they master theory, not practice and psychology - they...
  17. Chris Mac

    +2400 % in 5 years - What's the next step ?

    Ahah I never said that, you got tons of imagination, bravo. As your friends http://www.elitetrader.com/et/index.php?threads/teenager-who-turned-2-000-into-21million-in-a-year.290758/...
  18. Chris Mac

    +2400 % in 5 years - What's the next step ?

    Want to do something else ? Good traders don't want to do something else. Best job in the world and you earn tons of money if you master the game. Only losers or retirees want to do something else. G. Soros, J. Anderson, M. Schwarz, V. Sperandeo... They are 70 years old at least, and they still...
  19. Chris Mac

    +2400 % in 5 years - What's the next step ?

    Again a thread with a guy with "amazing performances"... OMG. Again and again same stories... You got your answer in your question. If you were confident about your method, you will not ask for the "next step". You will just compound your own money. Period. CM
  20. Chris Mac

    MCD is in big trouble. May not exist in 5 years

    Man, just move on, this is not verylongterminvestor.com or onedayillberight.com. Your short trade is dead, this thread is of no interest now. CM
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