Search results

Rasky, haven't YOU heard? A stop degraded my student's performance today, caused his only losing trade :D

The duck tape limits my profits and the WD40 results in too much slippage...oh wait, you mean infrastructure repair...:p

I am net profitable trading in this manner.

NYMEX was closed but they allowed electronic trading to go on as usual. The moves in CL were better than most Mondays. FCX did a tremendous job. I'm really impressed, especially by the fact that he took a with-trend continuation trade where most inexperienced traders would've been positioning...

I will repeat once again: I am a SCALPER. Not in the market maker sense of buying the bid, selling the ask a thousand times a day, rather in the retail trader sense of small profits based on price action momentum (with occasional big runners out of nowhere). Here is a pretty darn clear...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=252083&perpage=10&pagenumber=3

I have no "huge following", you are so funny! I have one trader who works full time and can only trade a couple times or so a day if that, he's usually in touch with me once a day (when I have my PM turned on). I have one alleged "mentee" who I've chatted with briefly maybe four times in three...

Of course I lose! I have losing trades almost every day. But I'm a scalper, putting on as many as 30 trades a day sometimes. So a losing day is extremely rare. If I was a short-term swing trader (holding for a week or less), over 30 trades I'd have losing days, possibly an occasional losing...

I almost never have a losing day.

Massive amount? An experienced price action day trader who trades only one or two setups can average a steady $400/day using no more leverage than a $10K account allows. Do you not consider that a "living"?

5-min core setups and 1-min continuation setups in a defined trend. Scalp for minimum .20 except in stop-and-reverse situations. I almost always have six trades in first couple hours. I know a scalper who targets 7-8 ticks and has far more trades than I do.

Surf's price drivers:

Oil's trading, slowly, but my price action setups worked fine, between 8:40 and 10:30 ET, six setups triggered, five reached minimum target. Technical price action day trading works through all market conditions. It's not an edge that will disappear as long as there's a liquid market to trade...

This is real for me, too. Maybe it's only unreal for you? :confused:

:p Mom tried her best to convince him the market would still be here when he had the time and experience to commit to it. These young whippersnappers just won't listen to their elders!

Your stats match mine. My "strong trend" trade setup yields a 75% profit target hit rate.

Hey, Oily, I'm doing exactly what Soros says to do! I've recognized this "T/A works" trend, whose premise many of the gurus here (such as yourself) have insisted is false, and I'm a-ridin' that trend until it ends! :cool:

0% of trends fail. If there's a trend, that means there's a trend. 100% of trends...trend! Since no trader can identify a trend until price does the thing that defines a trend (higher lows/higher highs or lower highs/lower lows), once it's identified, it's a...TREND! However, a very large...

Watchoo talkin bout, Tobbe? It's clearly red. I just red it!

I was a total noob when I found ET's chat room. I remember banjo and cbk (what a hoot), but I was seriously enthralled with 1Reason (Robert Weinstein) because he had this uncanny ability to pick price turns based on DeMark signals. His trading scared the heck out of me, but I did discover this...