Search results

01-17-2012 Mid day

Moving to greener pastures makes sense. I misunderstood reasons for him leaving trading. I thought he quit because equity trading business has changed so much that it was very difficult to make money. SMB capital- head trader Gman ( he is 31 years old) does very well mostly day trading and...

pre open 01-17-2012

I am copying this from SMB capital blog. It may help some traders. Is it time to quit trading? Jan 7th, 2012 | By Bella | Category: Mike Bellafiore's (Bella's) Blogs Hey Bella, I’m a longtime reader of the SMB blogs. Trading from a home office, I miss out on all of the trading floor...

I do not know anyone who works at a prop firm, so my questions are based off my experience running a business and general business experience. Maverick74, your ex boss- the best equity trader quit business because equity industry have completely changed ? Where was his firm research ...

Hi DV 4623. Futures are LEVERAGED to begin with by adding leverage to ones EQUITY, it becomes very difficult in my opinion. Plus trading from home without institutional support for development, new ideas etc.. can make one comfortable and by the time one realize that one has to change it is...

My post from SMB blog should also give material to traders who are LUCKY to be working full time and trading around their work schedule to THINK DEEP. I often run into traders who are working full time and can not wait to QUIT their jobs and trade full time. Making money 4-6 months does...

I am copying this from smb capital blog. It's not related to ACD. It is more than ACD and may help some other traders. After reading this, I am quite shaken as i am a one product trader with same very specific ACD set ups. Market conditions change, not every product provide trading...

No trade for me for the day worth mentioning. Only a long of Global research level of 97.84 for some ticks. I am done for the day.

Some points of view as of this morning about Crude Oil. We will let ACD guide us. You know my thoughts about opinions and forecast as a day trader. Only thing i know " There is no such thing as high or low price in crude oil futures day trading. Only ACD reference points." "Oil prices could...

01-13-2012 Pre Open. Same breakfast every morning for me (lol).

Agreed 100% on stop loss. It either works or does not. I jut tried one time 100 ticks stop loss to get it out of my system. You know we love details from you. So, please give details as I have the most potential to learn from them, i am just assuming, there may be others.

I hear you but 98.5- does not count? (lol). I did take a long at 99.13 and got out at 99.74 and then took a long 98.52 and got out 99.20- all with 10 ticks stop loss. I am not holding them as i do not SWING. MY weekly A down was 98.68. Your A down got hit to the tick and bounced and mine...

Of course they work. I was talking about Dan Dickerson who CNBC was talking about he will not short oil. He is long from $95. I guess he can add at 98.50 as he is still in the money. And his $95 entry is in danger of being blown away. So point was, why let oil pullback from 103.48 area to...

Oil pit Close

Mid day 01-12- 2012

01-12-2012. market sending mix signals as it has been doing over 10 days. CL Pulled back on job cliams and retail sales, and now cl up as dxy pulled back hard and may make an A down.

Here are Volume profile/ Fibs, patterns etc.. courtesy of a friend. He does not get ACD and i do not get his method but both happy with our respective approach. CL http://screencast.com/t/TkPjrjI20Cx

OIL PIT CLOSE. Did get stopped out 4 times today. But one has to keep at CL to bring home some BACON.

Some more analysis as i keep on buying 101.72 and going flat 101.90 area hoping it will break 102.10 on VOLUME. It can also break 101.59 area on VOLUME. I try to keep TIME FILTER always in mind. When A up/A down has bigger moves in play, we do not get to choose perfect risk/reward trade...