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What happened to randomness? I want a refund. :) (there that's better)

I'd like to open a discussion about intraday futures leverage and how you all go about determining trading size. It might be easier to have specific examples so let's assume the following: 1. Very liquid markets where your trading impact on prices is negligible and spread is almost always...

Take a shot at it, but if you have no particular reason to get into daytrading an index other than not wanting to hold overnights or hassle of multiple positions, you will have a long road ahead of you. Just remember that it's alot easier to pick up money sitting in the corner when no one else...

Was kinda tongue-in-cheek, but what I meant was that trend-followers are perhaps the most egregious members of the what-has-happened-before-will-continue-to-happen school of trading. Essentially, just about all traders look to ride a strong up or down move in their respective time frames, and...

It's not so much whether trends exist or are predictible or not (that was a fun thread), the problem is that those looking for trends to trade are most likely unable to make any money off them. In other words, don't look for trends if you want to trade them. :)

gg random walk

Unless you are moving huge size, why not just get used to the idea of getting stopped out and getting right back in? The cost of one round turn spread and commission for this purpose is probably the best money one can spend in trading.

I would say in general that they base their decisions on information -- information those of us trading from the plastic bubble of our living rooms and home offices will never have access to. I believe virtually none of those interviewed (at least in the first 2 books) got their start from...

It's much easier to keep your money trying to catch 100 pips per trade than it is 10.

I'd agree that no amount of defense will save you if you have no offense. I think the emphasis in trading literature and public forums like these on defense is simply due to the fact that a good offense is kept hidden and not discussed as long as it continues to work. But the defensive...

I'm on the opposite side of this view, given that we are individual traders and not market makers/specialists that need to be "always in". For me it's all about the entry: when and where you decide to begin exposing your account to risk. The ideal exit is just the reverse of the entry, but...

Some currency analyst on cnbc said 1.04 is next target -- zing.

When the prices go shooting up, you buy. When they start coming down, you sell. Or was it the opposite. It's either one or the other, so I hope this narrows it down enough for you.

*lol*

I'd hate to think how illiquid the metals options markets are -- I think GLD and YG are best for individual accounts, depending on how fast you like things. Trust me, YG will give you all the leverage you need to double up and/or blow yourself out. :)

I'm pretty much a practical cycnic when it comes to getting/giving advice on trading; most often the people who are looking for it won't be able to use it anyways until they get to the level where they figure it out on their own, and by then it's just redundant. Me, I use these forums...

Either they confuse successful trading with the notion of consistency viz-a-viz the markets (when in fact the nature of markets is anything but), or they just feel more comfortable about their own failure by using randomness as a scapegoat; most likely a bit of both. But again in the end it's...

Something similar could have been said about David Lynch's Dune before it came out. :) But seriously, Requiem was my favorite film of that year and can't wait for his next.

Look at it from another point of view: why does only success in trading prove non-randomness? Why not failure? ie, the 9 out of 10 traders who fail in this endeavor. Do you guys really think that it's just the slippage and commissions that account for that rate? Take a page from...

Knowing that a market will only come back after you get pushed over the edge is pretty much as non-random as it gets; as in, yes the market is out to get you. This may be a non-issue for us individual fleas, but this happens day in and day out in the markets, albeit on a much tinier scale.