Search results

If you ran a prop firm that fully funded the traders, would you be looking for anything less than the top 1%? I believe TopStep allows you to design a custom combine.

I traded more than one lot for 37 minutes, which is long term investment for me :D

The day's action was fully contained within the range of the opening bar on the 60-min chart. I was short for a test of the low and contracts were gobbled up like Girl Scout cookies at a pot dispensary. :eek:

I have definitions for each of my setups (context+pattern), and signals/triggers to initiate a trade. I have two ways of entering a trade once I get a signal. I have a max stop loss and a minimum profit target. I know in advance of placing an order if my maximum stop loss is wide enough to...

Wow...just wow.

What I've found is that most people I've spoken with who believe they have a trading plan based on research have, in reality, a trading idea based on observation which is notoriously deceptive. A few years ago I was caught in some losing trades based on a similar pattern and I noticed...

I know this is the internet, but I'm still shocked, because he has been so condescending to me as if my goal was to be selling something to newbies. For the ET record, several people have offered me money for mentoring, for my trading plan, and to write articles, but I've declined all such...

:cool:

Observation #1: Light, sweet, crude, and slippery :D

I came to this same conclusion 3 years ago:

With regard to the comment "Complexity is not a synonym of profitability, far from it." In my case, the additional complexity simply reduces losses and increases the number of trades. I have multiple entry methods as well as a set of break even exit strategies under certain conditions. I...

Damn, you must hear from a helluva lot of traders! Right now you can buy excellent services with long-term (years) track records for $50 to $100 a month. Once your models begin providing entries, stops and profit targets so observers can compile a track record over a sufficient series of...

I trade this way and I approve this thread :p (That said, my particular plan is more complex in terms of entries and exits.)

Day trading is not for the faint of heart. Just ask EMG.

They're buying because they feel so exhilarated after spending the night with your models. ADD: TJ, they're buying because price hasn't reached either of the upper channels in this uptrend. Most experienced traders wait for the test of key levels before taking profits (with-trend) or...

If you're swing trading the SIFs and you initiated a new long position the day before yesterday, and you only exit a position based on technical price action indicating a trend reversal, you wouldn't have gotten hit by anything because two key support levels remained intact yesterday: The 20-day...

Beautiful! I too found/find myself thinking of the potential loss first (because it's always drilled into our heads to manage risk above all) and quickly reframe my thinking to focus on the net gains inherent in the plan, which is based on series' of trades, not individual trades. I used to...

If I'd believed it by about the 20th time I was told that, I think I could've saved myself at least $50K. :eek:

In a well-defined trend, expect continuation.

What percentage of the Nobel winners and authors you refer to have more than a year of full time trading experience? If you see only randomness when you look at price charts of liquid instruments, then you must first learn to see.