Yes, thats the plan. If we can get 50 responses, it will be very meaningful.
No stock traders yet, common guys please report your winnings also. Thanks again.
Again, feel free to PM if you don't want to write down on this thread.
most frequently traded: eurusd, audusd, usdjpy, eurchf, ES
less frequently traded: euraud, audnzd, gbpusd, usdchf, eurgbp, usdcad, GC
Planning to add following in next 6 months: CL, SI, ZB, ZN, Stocks
Yes I have a feeling he is a papertrading guy. I exchanged at least 4 messages with him today - what a classic waste of time.
LL - you are on ignore finally.
you could have made the same argument when we came from 1150 to 1250.....
Lesson#1 Don't get married to your position. It might cloud your thinking. Always consider the other scenario - as you yourself said
Lesson#2 Be very skeptical of everything in life - including what I am writing :)...
Nice technique. thanks for writing it down King.
I presume he must have used a 1-2 point stop on all these buy stops, to protect himself from the price reversing itself.
as a daytrader, chances are good idea to position yourself for 1325 by eod. This is big fundamental news - will definitely have an impact on the market, be it intra-day or over multi-weeks.
Think like this - had you been flat, what you would have done now ? long or short or do nothing ? just...
market seems bearish to me, because it hasn't gone up 10 points on this news. maybe we will see some bears reappearing later today or if not today then tomorrow.
Agree with you to the most part. Some guys just have a little bit of interest/bias towards "athelete MIT grad" type guys - VicNiederhoffer is the example that comes to mind. No disrespect intended - I admire him btw.
Yes, sometimes it is quite clear - I will say probability of correct direction is sometimes > 80%. But to capture such opportunities, you might end up trading once a week or once in 2 weeks.
Actually, I do not know what kind of firm it is. For all I know, it is not an investment bank or a commercial bank, it is not a deposit firm like Bright or Echo, it is not a prop. trading technology focussed firm like Getco, Citadel etc.
So, what kind of firm is this ?