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  1. oraclewizard77

    Managing Funds for a Living

    You mean you are pretending to add more, since you don't trade with real money. Since if you traded with real money, you would have lost it all when your previous systems blew up. You don't manage people's money. You are NOT a hedge fund manager, and when the SEC busts your ass for these...
  2. oraclewizard77

    What would you do?

    I started trading because: 1) I did not know that 90% don't make it. 2) No one told me not to do it. 3) Also, when I originally started I was not married and I still don't have kids. 4) I came up with my own system and edge after I found out that most books and seminars are scams.
  3. oraclewizard77

    Managing Funds for a Living

    However, you fail to provide any proof that you have not spent your life paper trading and posting messages on message boards. Post your real account balance of your funds with your acct number blanked out including real money trades if you wish to prove me wrong. Or why not just change the...
  4. oraclewizard77

    What would you do?

    You seem to think trading is as easy as reading a few books. 90% of traders do not succeed. However, you have enough money to do a few things that will increase your success. 1) Hire a trader to either manage your money and/or train you. 2) Find a good hedge fund and put a $ million...
  5. oraclewizard77

    Predators don't have to eat every day, nor catch every lamb they see...

    However, the tiger will only eat if Chuck Norris lets him, or else Chuck will eat the tiger.
  6. oraclewizard77

    Forex signal services

    I would say that RT Forex North on Collective2 is the best "tracked" Forex signal service. If you put the following into the grid on C2, it also comes up as the 2nd best system on C2. Grid: (Age > 2 yrs, Sharpe > 1, last 90 days > 1.5, last 60 days > 2, max draw down < 19, realism > 90)...
  7. oraclewizard77

    I am tired of day trading, but overnight margin is too high

    No, what you are saying is that you don't have enough capital to trade. I would suggest you get a job and save up enough money if you want to trade. Trading is a business and if you don't have enough money to run your business then you are just gambling.
  8. oraclewizard77

    Chuck Norris Trading Facts

    Chuck Norris is always on the right side of the market. When the market goes down, he makes money. When the market goes up, he makes money. If the market does not go up or down, he drop kicks the market.
  9. oraclewizard77

    You Lucky Bastards: FMD

    Only if you count cards. I was counting cards at Ceasar's once, and they pulled me off the table or was that because I was putting down $ 100 bills while everyone else was playing $ 5 chips. Anyway, they put me on a table by myself with one mean looking woman dealer. After a few more hands...
  10. oraclewizard77

    Looking for mentor / guidance

    I think you do need some kind of edge. I define edge being something that makes you money. Next you need to trade your edge without emotions. Finally you need to implement money management. The truth is that 95% of those mentors or systems with fancy indicators that want to charge you to...
  11. oraclewizard77

    Learning to read Price Action with P&F Charting

    Signal did not occur today, it was a previous signal where AUTH broke out of down trend. Hold period and profit targets are something I am currently still testing out with real money. I guess hold period could also be used as a time stop loss or could also be combined by stop loss based on p...
  12. oraclewizard77

    Learning to read Price Action with P&F Charting

    I like your strategy. I am currently long just 100 shares at around current price, but sold a covered call with a strike price of $ 15/sh, which would be a decent profit if I get called away and reduces my cost of owning the stock. As noted, I do plan to average in more if we fall back to...
  13. oraclewizard77

    You Lucky Bastards: FMD

    I am currently long just 300 shares of FMD, and am willing to lose those shares if FMD goes belly up. My goal is to make at least a 100% return for my risk. I did much better with SLM which is already up from my buy price. Good luck to any of you buying massive amounts of FMD.
  14. oraclewizard77

    Learning to read Price Action with P&F Charting

    I am currently long AUTH based 1st on a P & F scan. After coming up positive on some P & F scans that I ran, I then researched the stock and liked what I saw. It is a tech stock with biometric patents which just won a verdict in court based on those patents. Goal is to keep the stock for...
  15. oraclewizard77

    Managing Funds for a Living

    Here are a few suggestions. 1) Less talking, more trading. Stop with all of your posting about your system, and just concentrate on trading your best systems. 2) Close out your systems that did not work, and trade the ones that you believe have potential for at least a year to establish a...
  16. oraclewizard77

    Take care Fx-auto!!

    90% of all systems fail, so only 10% will succeed, which means 90% of systems on fx-auto are worthless. I would suggest looking at Collective2 under best forex systems. For example RT Forex North has been doing good for over a year and you can see how the curve has been gently curving up...
  17. oraclewizard77

    Am I lucky?

    Demo systems will work, but you have to note that psychology can interfere with making a profit or loss. I don't think there is alot of revenge trading paper losses. Also, real trading is a little more spikey but I heard that was true on es as well as forex. Finally, you need to know...
  18. oraclewizard77

    YHOO Longs: A hopeful bunch.

    Looks more like a dead cat bounce, no reason for the stock to be worth more than $ 22/sh. There was no edge until the deal was either dropped or agreed on. Now we know that it is dropped, there will be a stronger negative trend. Those that are going long today at $ 25/sh are way too...
  19. oraclewizard77

    Another idea by cm69

    The better way to do this has already been mentioned, but I will explain it to you so you understand. 1) You create a prop shop. You then hire some experienced traders. You then have them teach some methods like pair trading that will make you money from commissions. Also, you make money...
  20. oraclewizard77

    Victims of Hubris

    The gov of NY. Blew up by not paying with cash so left a money trail. LTCM whose black box failed to note that Russia could do want ever its wants to its own currency.
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