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You could either look for a calendar that shows fed moves and jobs reports, then decide if your system should stay out or if it will not affect your trading. If you are hedging your trades correctly (for example you hedge the move before you are getting into a draw down not after), then not...

It is obvious that entering a trade, I may be wrong or right., Now, if I know that I can be wrong or right, what is the % of time I am right vs wrong. What is the amt I will risk to be wrong or right. Most traders once they are wrong, will revenge trade. This is obvious, just like the...

It was a fed move, many traders are aware of these moves and either have a plan to stay out or they will risk a few contracts. For example, lets say you were positioned in the wrong direction, your stops may not have even been honored and you could have blown out your account.

See this is how you want to trade. Also, you could buy or start a small business on the side. All money spent on the business is deductible from taxes.

I don't trade pairs right now, but was thinking about looking into it in the future. I read through the thread, and one poster mentioned he had a 21 day stop loss. Although a very high win ratio, sometimes you will have a loss, and I want to determine what factors would lead to decide to take...

Hi Jonny, I noticed that you do in fact take losses, but I am not sure I understand the criteria for taking the loss. Is it time based, for example after so many months, you will close out the trade? Or since you mentioned that you use the software to take the loss, is it due to the...

So if everything falls to $ 0, they owe $ 37 billion. At the end of 2008, they owe $ 5 billion as per mark to mark. However, they only had to put up 1% non callable. If the market recovers before end of put, then they made a great bet. If the market is down around the same % as end of...

Good idea. I also would set a daily stop loss, and maybe take a day off if you hit that loss instead of getting into the frame of mind that you will make it all back the next day. Also, a good expression is if you are digging yourself into a hole stop digging. In that I would suggest if...

Agree, I don't think it was too big to fail. Just let it chapter 11 with all the other banks and we would not be in this mess now. Nationalize all the banks that failed. Sell off their assets to new investors at whatever the price will be say 20 cents on the dollar. Instead of bailing...

I should have said not to compound returns. For example, lets say you start at $ 100,000 and you make $ 10,000. Your next "bet" would not be 5% of $ 110,000, it would be 5% of the original $ 100,000. If you are trying to grow returns more quickly then you do have to risk a higher % of your...

1) 5% - 10% 2) Set stop as a % of loss, for example if you are risking 10% position size, set the stop to take the loss after you lose 10% of your portfolio. 3) No leverage should be used.

Dow Jones Industrial Average(DJI: ^DJI) Index Value: 7,134.69 Trade Time: 10:22am ET Change: 47.39 (0.66%) Prev Close: 7,073.78 Open: 7,180.97 Day's Range: 7,033.62 - 7,181.13 52wk Range: 7,077.35 - 13,191.50 I did not say that the market would open higher, I said that the market...

The market will go up on Friday. However, I am not sure this information will help you make money.

You tell him ProfLogic. The stupid fool is not even worthy to kiss your feet. Thanks for the help you have given for no money.

I own a business that helps make me money so far so good. However we wanted to expand our business by purchasing a new building but I got turned down on a loan even though I was willing to pay 20% down in cash and have good credit. So I negotiated a 3 year lease to buy option that locked in...

You need to do what the other 90% traders are not doing to succeed. 1) You need to have enough capital. For example, if you quit your job and only have $ 5,000 to trade with, you are under capitalized. 2) Determine what type of trading you are going to do. For example, stocks, options...

After using firefox for many years, I decided to try the chrome beta. 1)Chrome does load faster. Try both firefox and chrome on a dual core intel computer with over 1 GB of memory, and Chrome loads up almost instantly. 2) My websites that I use the most load faster 3) I like the fact...

Doug, I sent you a pm. I would be more than happy to demonstrate my trading at one of your offices in person. I would also have no problem being coached to help increase my returns.

Basically what happens is in a losing system, the system eventually gets a margin call after enough losers. Reversing the system will usually just give you a margin call from one of the previous winning trades. In both cases no proper money management, so neither system wins long term...

No he can not trade. If he actually could make $ 50,000 in a single day, he would not bother pm people. I once made $ 100,000 in a single year trading, and that's about the best I can do.