Search results

As a general rule, it's higher risk to trade in any "thinly traded" market. With an "open interest" of "0", that's the worst. I'm not an options expert of any sort, but some say you don't want to mess with any option that has less that 100 contracts open interest. (Even that seems too low...

Thanks for reinforcing my K.I.S.S. reason for not watching it. I'm not exaggerating about my rule for, "If it can't be explained in 10 words or less, fuggetaboutit".

Other than my initial impression of "sounded messy"... that's just my view. I'm not interested in "messy"... only "simple". I have a saying... "If you can't explain your trade in 10 words or less, it's probably wrong." Can..." tortured rules like left hand crossing, right hand crossing for...

Anybody recall George Lane? He made a career of teaching traders how to use the Stochastic Oscillator for trading commodities. I didn't follow his work all that much but was aware of it. I see merit in the Stochastic... but you need to understand its limitations. You can't expect it to work...

Ditto that! :)

Please, my friends call me "Scatty"... :)

Yes. Just look at Kathy Griffin. She made a strong political statement (despicable one, unfortunately) and look what it cost her...

Sounds messy. So nope, didn't watch it. I already know about indicators "working or not". I'm a K.I.S.S. player. I don't pay attention to "chart/indicator anything" which doesn't meet my criteria for simplicity. Trading is difficult enough even with K.I.S.S.

Ditto that!

Some do when used properly.

I'm not going to read all of this, but let me pipe in with some old info... Years ago, The MoniResearch Newsletter tracked about 225 mutual fund market timer services. Editor Steve Shellins (sp?) claimed, "the group which claimed they primarily used CYCLES for their work were collectively the...

You're missing part of the quote.... "Those who can't teach, teach gym" -- Woody Allen

That's a big topic. Suggest you get a book on TA.

Well.... you want to learn to be better on entries... closer to support/resistance... so you can use a break of the S/R you are playing (plus buffer) as a logical stop. As for "occasional big-ass losses".... There are only 4 possibilities in a trade.. Small Gain Small Loss Big Gain Big Loss...

Disagree on this. Leveraged or not, tight stops prevent "disastrous scenarios" from developing in one's P/L.

Ditto on the tops/bottoms.... short term and longer. There is also "giving the benefit of the doubt to the trend". That can be dicey as stop placement is more iffy. I once saw a quote where PTJ stated... "conventional wisdom is don't try to pick tops and bottoms.... I've made 10 times more...

Oh my goodness. Can't fault you for what you haven't yet learned.... but "support and resistance holds" and "support/resistance breaks which followed through" were all over the place.

Disagree. To be a successful trader, you need to understand "buying" and "selling"... you do that via "Price TA". Everything else is just drivel.

You can't make any points arguing like my wife!

Regardless of a trader's vehicle, this is good practice. Unfortunately there is great temptation to "hang on to a loser, hoping it comes back"... and to "take profits quickly on winners" so they can't turn into losers. Neither is conductive to long term success. There is a trading saying...