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jcom, you mean absolutley everybody? Or just everybody in general? Is the fact that on this board everybody always talks in such absolute terms an irrefutable law?

now how the heck are you going to keep losing streaks small? Losses, yes. And how do you make winning streaks long? Profits yes. Hedge? When neccessary? This one I gotta hear. So far the only one I have mastered is taking a break. I don't even wait for a losing streak or when I am tired...

tradin4, That's worth more than 2 cents. This is where Bernsteins book Against the Gods ends up. Anyway, it was worth more than 2 cents to me. There is something to be said for quality of life, and for me, figuring out how things work is one of the most enjoyable pastimes of this business...

And another thing, It's not the market which whipsaws the trader, it's the trader which whipsaws the trader by trying to trade some kind of crazy system which is only gonna whipsaw his indicator because he doesn't have the common sense to realize that he has been getting whipsawed an awful lot...

Speaking of ma, it aint the ma which whipsaws you, it's the market which whipsaws you. The ma's job is to tell you (as if you didn't already know) prices have been going up or prices have been going down. It isn't the ma's fault the market keeps going first up then down then up again. It just...

It always starts out the same, "Indicators? No, I use to use them, but not any more." Then they proceed to tell you all the indicaotrs they use now. Now all I use is price and volume (ok that's 2) And I just watch the Dow Jones (3) And the tick and trin (4 and 5) Keep an eye on the cash...

jasper, I was convinced 1129 to 1130 was a turning point for es. I went long at 1130 and short at 1129 maybe I don't know how many times. Enough times to finally make me think that was not such a good strategy. (I think it did finally turn out to be one of my better trades, but I had to watch it...

Well then, let me put it this way, if after you put your first line on, you still have money to add to it, you didn't put enough on to begin with. I'm not very impressed with some guy who claims he has balls, and adds to his position, when he was holding out from the git go. Oh Gordon...

adding is just a new trade. If you can't make money on one lot, you are not going to make it by adding additional lots. If a position moves in your favor, you may feel emboldened to add to it, and it makes a better story afterwards, but mathmatically speaking, it is just another trade. In...

gordon, My final conclusion on that thread was that the market pays the correct odds minus the vig. So yes, you have to beat the market some way. Either with a hit rate in excess of 50% or a risk to reward ratio which is greater than the correct odds. It's not much different than roulette...

He didn't ask if buying low p/e stocks was a good idea, he asked about how traders manage risk. Low p/e stocks is not my cup of tea, but the risk management is the same for all of us.

it doesn't quite work that way. It's not just risking only 2%. Pick what ever number you want, but if you pick 2% per trade, that means you also need to risk 2% per trade. if the only way you are going to lose 2% on a particular stock is for it to go broke, your risk is going to be way too low...

larry, Please tell me how you can have a higher open on an intraday chart? You are simply talking about one tick at a precise moment in time, and it could just be the bid ask spread. Now, if you want to include the whole shadow, maybe. That's why I say it takes some filtering to use...

Right bignatty, a low p/e is an oversold indicator just like a low rsi is an oversold indicator. Lots of traders like to buy when their indicators go oversold and sell when they go overbought. Same thing. What's the difference whether you hold one minute or one year? You stay long as long as...

Load em up and strip em down. When I'm looking for something I cram every possible indicator I can fit on the chart. Sometimes I have 5 different Bollinger bands and channels and moving averages so that the whole thing is a hazy mess. Then when I find what I'm looking for I strip em back...

Yeah crazy, I'm using 1 min charts. I saw a kind of head and shoulders, but I don't know that much about trading them. I tried to go back and figure out where I came up with r at 905. That was a little line I drew back around 11:30 chi time. I just set the trend parameter at extending and...

In my little world, a couple of handles looks like the Bank of Gibralter (those 2 tick losses make EVERYTHING look big!)

I had r pegged at 902 and then again at 905. I missed the first one and then lo and behold it was already breaking up through the second one. And that little ride made my ever loving scalping day. (It always helps when things move too fast for me to screw them up.)

At the miniscule level I'm trading at, these doggone indicators aren't worth a darn. By the time I get them peaked and tuned to run at scalping speeds,, about all they do is tell me prices just went up. So I went back to old fashionecd good old DYO (draw your own) trendlines with a little...

and all I'm trying to do is scalp, just hit it by accident, it might still be going up, who knows? who cares, I got more than I need for the day. Anybody want a party?