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That is why I use a stop and normal risk vs reward. On a single trade, its impossible to lose my pants as you put it. Maybe you are projecting. This could be what happens in your trading. For this week, I have made real money every day. If you want to put your money where your mouth is we...

You just need to add a proprietary indicator to your chart to tell you when the lines will work or not. The type of indicator I am talking about is not the standard indicator that comes with your chart package, but one that actually does not lag price. For example on my oil trade today...

The difference is if you take it seriously and have some type of edge that provides a higher probability of success above blind luck. For example, if you go to a horse race and bet on a horse because you like how its name sounds, then it is more luck to you weather you win or lose...

I think you need to measure the risk by the cost of insurance worth the amount of reward. For example. You got in a trend and you made so far $ 10,000. Each quarter you now spend $ 1,000 to protect your gain so for the year assuming the trend has stopped, you made a total of $ 6,000 which...

Tried to get in on a possible double bottom on Sun for a long trade, but CL broke out to upside and left me alone with no trade. CL was breaking out again on Mon. Chased a little for 1st trade and it immediately went against me. When it started going my way, I moved up stop and got stopped...

To help you out, none of what you mentioned works. A good signal is insider selling. Now some say only insider buying matters. They are wrong, insider selling creates selling pressure and does bring down the stock. Now obviously I am not talking about automated Christmas selling, but out of...

The saddest part is that you guys can't give him respect for printing out his account statement like you requested and are bitching that he did it upside down. The saddest part is that you guys are complaining that no ones gives you their edge for you to learn, but Jack does it for free, but...

Extremely shitty trading till the end. Was for example getting long at resistance, but only good thing was getting out as soon as trade went against me. Then on CL I had a good trade but cut my winner short. Finally, took 4 point winner off of my ES long to make back most of my losses for...

1) Go back to sim for awhile. See if trading in sim will provide you a profit. If so, start small again with the smallest size you are able to do. Also, when you sim, make it real by doing small size and treating like real trading. 2) See a trading shrink or read a psychology book. 3)...

I am giving an example. In some instances a 4 tick stop loss is more than enough to determine that you are on the wrong side of the market. One has to come up with their own trading plan. I agree if you are looking to get 4 - 8 points of ES and hold overnight, you need at least $ 20,000. It...

Let's say for sake of argument that you trade ES. Let's say for sake of argument you went long market with a 4 tick profit target and a 4 tick stop loss. If ES moves 4 ticks in your favor you would make $ 50, if it moves 4 ticks to your stop loss, you would lose $ 50.00 During the day a...

In the short run, price is affected most by TA, in the longer run FA. TA can predict a weakening of demand that causes more sellers to sell commodities then buyers are willing to buy, thereby lowering the price.

You need around $ 1,500 to trade a single contract in futures. I will assume for sake of argument that you have been able to make profitable trade on a SIM account. If not, stop, and trade sim for awhile. By trading 1 contract, you should be able to make $ 250,000 per year. This assumes...

Basically BE day today. Going to honor my Friday rule. For today went long, got stopped out. Went long again a little above where I got stopped out and made profit. In hind sight, I think I should have down more contracts for my 2nd trade, but then again it would have been more than I...

Heard the new Iphone coming out in August.

Oil inventories are up, and my counter trend scalp did work on the short side but again I should and could have gotten a little more profit. http://www.bloomberg.com/news/2013-04-10/wti-crude-fluctuates-on-supply-report-s-p-rally.html

The problem is that markets are not static, plus on a lower win % system, you lose on commissions. So in reality, I would not trade either system since over time both would lose money.

Yep, even I don't qualify for "MAT" yet. Hopefully one day I will build up my account or trade more other people's money to get a copy. I heard that George Soros has put some his top traders who trade $ billions on this version....

Because I was a making a joke that slumdog got and knocked of the park, guess you don't have a sense of humor. :-)

Have not been posting lately since its market hours and I trade with real money. Got in a small scalping profit but I should have taken the full scalp and not been scared.