Search results

Depends on how Fibs are applied - I find them very useful when looking at the larger swings with stocks and indexes. I find that the measured moves combined with Fibs & using volume to confirm the turns provides incredibly good entry/exit points. Risking 45 cents to make $7 per share makes for...

That chart looks like it was a group project at a mental hospital.

No doubt Carlin is dead on right, just look at who our president is - we are the laughing joke to the rest of the world.

You were 'all in' on 9-11 lol. I bet your ass twitched a bit. Not at all - the only positions remaining were long a few oil stocks which was going up in the futures market. That's the whole point - once the bracket order (stop loss + profit target) is placed I am fairly detached to the trade...

Just think about being a fanatic about capital preservation as the ultimate priority - that doesn't mean you shouldn't put the money to work in the markets. People with larger accounts may choose to put some of the capital to work with a managed futures/commodities (CTA) fund(s) with proven...

Makes sense to have a stop loss trading any time frame - even if you are a DOM trader just in case something unexpected happens. I was all in on 911 and left the day with a profit, thanks to my stops. It was the single largest Dow one day plunge in history. The market was closed the following...

Not having a stop is like not using a condom on some drunken fling and deceiving yourself that you just pull out at the right time - it is a recipe for disaster. Most people that advocate not using stops seem to vanish from forums during those huge volatility spikes. DOM/click traders, yea I...

Yea I used to run at 25% which maxes the gains but trimmed down just recently after I read this from Ed Thorpe - not willing to go down to %12.5 like he suggested but than again he has a huge amount of capital to deal with. Are you layering in to a position or going all in at once? if you...

Anyone uses Kelly Criterion? Yes - I use my version of it modified for trading equities & ETFs as opposed to gambling which it was intended for. Max position size is 20% of capital (no margin loans!). I break each position into 4 separate trades of 5% of capital - layering in - adding only to...

Here is a no B.S. article on win rates which jives with nearly all the well recognized pros say in interviews, right to the point. I had a win rate of 95% once, it lasted about 5 minutes. http://www.lonestocktrader.com/make-money-trading-positive-expectancy/

Free real time charts & last price of all global markets. Great charting tools, alerts, news, & trading tools. https://www.investing.com/

Can Anyone Become Ever So Slightly Successful In Trading With Only About 40% Win-Loss Rate? Trading is all about learning to lose which goes counter to human psychology. Every aspiring traders wants to believe there is a gentle easy way to make it unscaved in a very tough arena with few...

Making a living trading futures with an account 10-20 times larger than $25k is hard enough, even when you have decades of trading experience. Be aware that aspiring traders never expect how much $ and time it takes to hit a sustainable stride. Some profits early on does not mean that you will...

For U.S IB customers you have to have a $10M account to trade leveraged FX. I am able to trade with them because I use risk mgmt I don't need any leverage.

Back when stops were posted at the exchanges the market makers could see exactly were they were and the sizes - this made stops very vulnerable to stop gunning & why a 'mental stop' was endorsed in many books back than. These days the stops are either on your brokers server or on your computer...

Why do you trade? It's the coolest computer game.

IB now requires $10M to trade FX. I don't recommend FX broker - so you will have to do your own research.

Heres's an interesting article on Fx volume - which kind of makes sense. It's more or less how I attempt to do it. https://www.fxstreet.com/education/volume-in-the-forex-markets-useful-or-not-201703091034

Just to put it in perspective - If you did have quotes to all the inter-banks it would move so fast your computer would probably catch on fire. Oanda time & sales shows huge size streaming, however this is only a grain of sand on the beach in the huge Forex global markets.

In the forex world, there is no bear or bull market. What charts are you looking at? Of course there are bull & bear markets in the currencies markets, in fact recently there have been extreme bear markets - Like the cable plunging to lows not seen since the mid 80's. currencies don't fall in...