Search results

There is no Holy Grail. But a set up with an edge will make you money if you have the discipline to take every set up. Of course once you have taken the set up you have to manage the trade.

You're saying that your setup doesn't have an edge.

My most difficult trade is always the next trade.

I swing trade for part of my living. The other part is from long term investments.

Or an elephant balancing on top of an orange.(Small elephant or big orange) :D

You gonna post real time?

Good trading :)

1 Nothing is impossible. Controlling emotions is what differentiates the winners from the losers. 2. 98% of the traders fail not the system. 3. Focus isn’t the same as emotions, Focus is paying attention to what you see, emotions are the feelings you have that cause you to react the way...

Still not sure what "Really works" means. Do you have the discipline to follow a system that takes small losses more often than big wins? How many losses in a row before you give up? Why haven't the systems you have tried worked for you?

Can you define "really works"???

Give the girl a break. She didn’t say it would go to 58 the next day. Based on her fundies 58 isn’t unreasonable. I’ve got one service that is calling for a $142 price. LOL Anybody calling a broker these days is probably holding for the long term. Man you gotta be bored to be...

I assume you made money in the demo account or you wouldn't have moved on to cash. What did you do different with the demo that you didn't do when cash was on the line?

Can't help you there I don't trade Forex. As far as reporting US stock results I use the exchange rate published by the Bank of Canada for the month I traded the stock. So if I bought the stock in Jan I use the Jan exchange rate and if I sell in Mar I use the March rate. It has happened that...

I was unaware that Darvas died broke. I thought we had established that your problem was with the securities you traded. You didn't have the liquidity you needed.

Futures are easy. You get a T5008 from IB and it has the proceeds on it. Thats all you need as that will be the amount you made or lost. You input that number in the T Slip area of your tax program. The tax program gets it onto the return. I can't remember if that number you get might be in...

I report a total “Adjusted cost base”, a total “Proceeds of Dispositions” and total “Outlays and expenses”. All totals are in $Can. I use the monthly exchange rate from Bank of Canada web site to convert from $US to $Can. Yes the Cost base and proceeds numbers are in the millions...

I use quick tax now turbo tax. I use the netfile option. I have a spread sheet showing all trades and only submit the totals for the year. The spreadsheet is a backup if CCRA need more info. I trade US stocks, options and futures. The big hassle is converting to $Can for reporting purposes...

So it is what you are trading not how you trade that seems to be the problem.

I use them all the time to adjust my risk/reward ratio. If I buy a stock at 50 with a stop at 49 and a target of 53 I’m risking 1 to make 3. If the price moves up to 52.50 and I leave the initial stop in place I’m now risking 3.50 to make 50 cents. As the price gets closer to target I...

Are you saying it's what you are trading not how you are trading that is the problem?