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Let's say you expect a stock, that trades at 50, to reach 55 within a week. You buy the stock and put a stop at 48. The stock touches 55 after 3 days. Do you sell?

I agree ! I would add that you cannot change your profit factor by playing with R:R ratios :) If the price goes from 'x' to 'y' for a period of 't' - the "expected" money you can extract from that movement is a constant...

Thanks ChartingMarkets, I appreciate your answer :) In one post you managed to touch on so many different aspects of trading! What's more interesting for me personally is that when I was reading your post, it was as if I was reading my own thoughts about trading, word by word! This gives me...

Cheers :) Why do you believe that you can be consistently profitable in your trading (I assume you have been profitable so far)? What gives you the edge? We all look at the same thing (charts, market data) and use the same methods (mainly technical analysis)... I was looking at my equity...

OK, I got it, I will not expect anything, I'll just let it happen and react accordingly AFTER it has happened... I hope that's what you meant. After all, you can't tell till you bet, right :cool:

Why would you sell into premarket (given the information you had when you posted the comment)?

I agree that there is no value in speculating how will 2004 look like, based on the history. I gave 1976 as an example of a trendless year (for the Dow). What I am trying to do is to prepare myself for the market once it starts to consolidate (like it always does after it has trended).

What IF 2004 looked like 1976... I am not saying that it will but still after such a nice trending 2003, one can expect a little "rinse job" from the market. So when I look back at 1976, I wonder what would be the best system to trade such market... Take a look at the attachment, it is the...

...is not good for a trader's state of mind... Forget about it!

Look at the attachment... Does it look like now? You can always check the "hard right edge" :cool:

For me too :D I don't believe in spaghetti either :p What I mean under information is not derivative information like technical indicators... you can see all you need from the chart, what I mean is information that is not on the chart - like correlated markets, other stocks, bonds, FOREX...

This is your cat !!! I can't imagine what you would do to other DAX traders :p As far as trading is concerned I believe that complexity is the key :cool: May be this is a topic for another debate but I believe that as much information you use (thus your analysis gets more complicated, of...

indahook and Scientist - if you guys are so creative in your trading as in your galactic market place analogies, I am ready to give you all my capital to trade :D :) :p Unbelievable...

Can anyone recognize the chart I've attached here :D C'mon, it's easy :cool:

You don't make money in the market because it is a bull or bear market. You make money because you adapt to change faster than the rest of the market participants. You can take the money from their pockets in all kinds of markets. I am sure that Harry knows this so I wonder why did he post this...

I agree completely. It doesn't matter if you buy/sell strength or weakness. You are always trading probabilities. It is your skills, knowledge and experience that will determine the long term outcome. But in the current situation why not buy a pull back instead of selling a top? With a...

Because it doesn't really matter what is going to happen in this one particular trade (the outcome of every single trade is determined by luck), what is your longer term strategy? I assume that if the market continues higher, you will enter again on the short side may be a couple of times, until...

OK, I'd like to thank nononsense and the Scientist for their advice. But I expected some real feedback from guys like you (I've read many of your posts here and I find them very valuable), may be I had to post some more from the very beginning but I didn't want to bias the discussion and give an...

Easy money is when there is a good trend without any major corrections (in hindsight, of course). I don't have any more fundamental information than you guys, but the market looks overvalued, there are still concerns regarding the improvement of the fundamentals, and this makes the continuation...

I smell easy money around the corner... Anyone else with such feeling?