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  1. M

    Why do 5% of Traders Win?

    If you have an edge jumping on trades that have already making a move all the power to you. Did not mean to make a blunt statement. If you are aware of market conditions combined with good money management and good exit strategies. You can make money with most entries. Some stocks trend...
  2. M

    Why do 5% of Traders Win?

    It's a tough game that's for sure. The key to trading as a retail trader is not to jump on trades that have already made a move. You never know when the hedge funds and big playa's are going to dump there shares or lots. If you buy because you notice a there's been a move and you want to tag...
  3. M

    Determining when it is best to exit and re-enter ?

    Yeah i'm sorry! Fibonacci Retracement is the only mathematical way i know of reentering on a pullback.
  4. M

    Let Trade Run -- No Exit

    I agree unless you have a super awesome entry and a great exit strategy you will do much better with wider stops. Stops should be based on the volatility of the market + the time frame you are trading. I to also use red and green bars to weigh out a potential position. I like to trade in the...
  5. M

    Determining when it is best to exit and re-enter ?

    If your up on a position 30% i would definitely take off some profits and set my stop loss in the money or trail the stop. As far as when to get back in. Questions you should ask yourself. What is the overall market doing? How is the sector performing? If there is a pullback what is...
  6. M

    Is trading Gambling or not .."What say You" Vote here.

    I think the flaw here is the perception of gambling. People think that if you don't have an edge your gambling. On the other side people think if they have an edge you are not gambling. The truth is whether you have an edge or not you are gambling. Where there's risk of an unknown outcome...
  7. M

    Why do 5% of Traders Win?

    Having enough capital or not is irrelevant. In the forex market you can position your trade sizes based on your capital. I personally risk no more then 2% of my account on any trade with any capital amount. If you are truly a good trader you should be able to build a small account up through...
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