Search results

  1. oraclewizard77

    What defines a successful strategy?

    Yes, but the point of trading is that you should make money if the market goes up, sideways, or down using margin to increase returns. If the market were to go down all of 2016, then a long only strategy would not work.
  2. oraclewizard77

    Shkreli Arrested on Securities Fraud Charges

    If you read the charges, they are pretty serious. However, since he is not violent, he probably gets min security or club fed prison. He will need to pay for criminal attorneys and cover the debts he incurred so there may be some civil charges from the investors. I bet he gets at least 10...
  3. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Some new issues with Windows 10. 2 of my laptops were not able to fast shutdown and 1 of them was getting a low Windows memory error even though it was only using Firefox and had 4 GB of RAM. Due to this low memory issue which under feedback I see other users reported, I would suggest you...
  4. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Nodoji used Skype to share the desktop screen with me once so I could see one of her trades.
  5. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Found one more issue. Firefox was running slow after I upgraded to Windows 10. To fix this do the following. 1) If you want to keep your bookmarks, click on icon show all bookmarks and back them up. If you just need or have a few bookmarks, I would skip this step and just recreate them. 2)...
  6. oraclewizard77

    How do you define a double top/bottom?

    For an example, lets say previously the market made the high of the day at 2088. Now later in the day a candle hits this high and then falls back creating a complete candle below the high. Then a 2nd candle fully forms next to the previous candle and again does not break the high of the...
  7. oraclewizard77

    T/A Fails Time and Time Again - Why?

    The problem is not the time in math, it's the time in the trader.
  8. oraclewizard77

    T/A Fails Time and Time Again - Why?

    Do not try and change the time, that's impossible. Instead, only try to realize the truth...there is no time.
  9. oraclewizard77

    One for the ages: I owe Etrade $106k, ouch.

    We really don't know his financial situation. But saying he would need to liquidate both his and his wife's 401 k means he has no assets. Also let's assume he has a job, most of the money may go to paying mortgage or rent and food. So yes, he would qualify and it's the right solution since...
  10. oraclewizard77

    It's the Pattern, Stupid!

    If initiating a short, stops would be place above the red line. If a long, stops would be placed below the green line. However, what I mean by stop is that you have a standard stop and if your stop would be wider than the standard stop then you are not for example getting long close enough to...
  11. oraclewizard77

    It's the Pattern, Stupid!

    Let's talk a little about how to actually determine what are support and resistance patterns. Real support and resistance are formed by multiple candle bottoms and tops. For it to be considered a real support, price needs to have traveled all the up to a resistance level before coming all the...
  12. oraclewizard77

    Why do traders lose more money on their losing trades than they make on their winning trades?

    The main reason is that when a trade goes against you and it approaches your physical or mental stop loss, you know if you let the trade hit that stop you will lose that amount of money. So sometimes traders will either have a wider stop or even move their stop down hoping that price will turn...
  13. oraclewizard77

    One for the ages: I owe Etrade $106k, ouch.

    Also, if the story is true, he could just file bankruptcy. I googled and 401k's are protected by bankruptcy. It is negligence on Etrade's part to not have auto margin calls even in after hours so he is not liable for the loss beyond what he had in the account if he files for protection.
  14. oraclewizard77

    One for the ages: I owe Etrade $106k, ouch.

    As someone else mentioned in another website, he could have just bought some puts. Other protection would be short the stock and buy calls to protect the position. In futures, this is why I set stops and don't trade overnight.
  15. oraclewizard77

    How do technical traders fit into the greater scheme of things?

    Let's say today is the day that the Fed decides to raise or not raise interest rates and they plan to release a report to the public. The report says that they will raise interest rates. For the most part a higher rate equates to a stronger dollar. So this will cause the price of the EUR/USD...
  16. oraclewizard77

    What is a "standard stop loss"?

    A standard stop loss could be for example equal to the amount you expect to make for your standard target to achieve equal risk vs reward. For me I have a set amount that through back testing the market will normally travel before retracing and I use the same for my stop.
  17. oraclewizard77

    Buying at Support or Buying at Resistance

    If you are smart money you might buy at resistance since you have the power to break it. Also, a report might come out for example that the company is being bought out, so you could buy at resistance. However, if you are doing technical analysis, you could buy a break of resistance but...
  18. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    It's worth to upgrade if you want Windows 10 on your computer and it meets min requirements. The key is needed if you plan to reinstall Windows 10 from the usb drive for example if something bad happened to your computer so you don't have to install Windows 7 and then upgrade to Windows 10 a...
  19. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    If you reformat that hard drive and use your original Windows 7 media, then you can reinstall Windows 7 with the Windows 7 key. However, there is also an easier way, if you google rollback, before the next patch and within 30 days, you can automatically revert back to Windows 7. I would say if...
  20. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Well one bug that is not fixable right now is the r6025 error that occurs when watching videos. This did not happen in Windows 7, only Windows 10 like on demand videos from video2.timewarnercable.com. I did report this issue to Microsoft using their feedback app. It also shows that others...
Back
Top