Its a question of nerves I guess. How would like to be watching today on a swing basis? If you were short at the open or watching all your gains dissappear in the afternoon if you were long? Not saying theres anything wrong with swing trading, just that its not my cup of tea.
I downloaded the beta version when it came out and clicked on thicker wicks but there is no difference. You can make them thicker by expanding your chart and reducing the number of bars to about a dozen but this is not much help. I would love to see them the same as your indicators with a button...
Join the club. It really takes awhile to learn all the features that are not immediately apparent. It only has one fault now, the puny ohlc bars, but since Im the only person in the whole friggin universe that uses them it doesnt matter.
I use fixed targets. It has been my experience that you come out about the same. You miss the longer runs but you catch more of the shorter runs without the aggravation of having to make up your mind in the heat of battle. Probably not the most efficient way but theres a lot to be said for...
I dont trade options but am curious. If you encounter a huge move like that couldnt you take the other side of your option trade with an equivalent amount of stock and lock in your gains?
I didnt really mean this to be a slam. I just have seen about the same cross section of people here as in woodies room. Some good, some bad. Some good information and a lot of bullshit. A few good traders and many hopefuls.
Ive been using IB for five years now and Ive never had to call them but once to close out a trade back when I was working so I dont know what their support is like. I had no trouble closing out a trade by phone. I am using Quotetracker and Buttontrader. Over the years they have risen above the...
First and foremost youve got to figure out when price is going up and when it is going down. There is no other way, unless youre trading options in which case sideways will also work..:)
As a long time poster repetition is becoming a problem for me. The repetition comes from a constant influx of new traders and for them it is not repetition but the longer you are here the more repetition you see. This forum has been a nice distraction for me for a long time but it seems to be...
If you figure out how to play the horizontal channels please let me know how your doing it. I am usually done by noon. That afternoon crap will drive you nuts.
I had not really thought too much about horizontal channels as I am usually on the sideline before they come into effect. No right or left there is there? I was thinking overnite that the PV equation should really be PVT. Time is an essential component of the relationship, imo. Channels...
Are we still in the right left thingie? In a down trend the right line is on top, in an uptrend the right line is on the bottom. Of course the new downtrend can be a short pullback in an uptrend and vice versa.:) Anyhow price and volume rule. You dont really need anything else. Each and every...