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  1. oraclewizard77

    Limiting Thread Titles

    Because it was not a good discussion, and that is why he got banned.
  2. oraclewizard77

    Has ET reached the Tipping Point?

    I did see Baron ban a member who started a thread on trading is stupid, so it depends on if you piss him off or not.
  3. oraclewizard77

    Is Fundamental Analysis Somewhat Useless?

    Fundamental analysis is more useful in longer term trades. For example, I know that a stock is in the next few months going to release phase III data on a new drug. I don't know the exact date, but I have a general idea. I then look at phase II data, for example was anyone cured, did anyone...
  4. oraclewizard77

    I would like to discuss averaging down

    You need to create data which you can mine for statistical significance. For example, create an actual excel file where you have actual (but they can be in a sim account at first) entries where you choose to average into a trade or not. You can then calculate your actual win% and also see if...
  5. oraclewizard77

    Is this HFT?

    As another poster stated, you are trying to trade a low volume stock. This is pointless. You need to trade something that has a large enough volume that it can be day traded. For example, CXM's normal day range is $ .21 - $ .23 with only on average 279,000 shares traded per day. It's...
  6. oraclewizard77

    Limiting Thread Titles

    No, I mean close the thread once the user who started the thread has been banned. So assuming you don't want to delete the thread at least close it.
  7. oraclewizard77

    Limiting Thread Titles

    How about you guys closing a thread once you ban the thread started?
  8. oraclewizard77

    I would like to discuss averaging down

    If you have a stop and average into a trade before your stop is hit, then there is no problem. If you just keep averaging down just hoping the market turns around then you have a problem.
  9. oraclewizard77

    I would like to discuss averaging down

    I would say when they don't work is more psychological in that if I were to take a losing trade I may become angry, and want to make my money back so that I am trading emotionally instead of waiting for a confirmed setup. I looked back once on a losing day, and saw I kept trading in the...
  10. oraclewizard77

    I would like to discuss averaging down

    You have to take into account win%. If you have a high enough win%, risk vs reward can be even and sometimes risk can be greater than reward. This is important since whenever one trades, one needs to pay commissions. So if most days and trades can be winning, you get 2 benefits, you are not...
  11. oraclewizard77

    I would like to discuss averaging down

    I did turn a losing trade into a winning trade by averaging down once today, but it would have been better to just get long 1 contract at the correct price level or to short where I 1st went long. I went long for a scalp trade in CL. The trade went against me around the same ticks as I...
  12. oraclewizard77

    Quick question

    You can if you join a prop firm and get a series 7.
  13. oraclewizard77

    Laptop Cooling Pad

    I use the Cooler Master Cooling pad with built in fan. They do go bad eventually, and have to be replaced, but it does work very well.
  14. oraclewizard77

    Why can't I wake up earlier to trade?

    Congrats on your trade you did today. Obviously, if I was sure in my setups and that I would make money every day, I would wake up and trade with more confidence. I went to sleep around 4:30 am last night since I was not tired and still could not fall asleep. I did manage to wake up...
  15. oraclewizard77

    Surf's Special Situation Journal

    That either you are a hater and don't trade, or are a very bad trader as we can see from your CL trade.
  16. oraclewizard77

    Surf's Special Situation Journal

    They also paid a very good dividend back then, so I was not going to sell out.
  17. oraclewizard77

    Surf's Special Situation Journal

    I am quoting from memory, you are probably right.
  18. oraclewizard77

    Surf's Special Situation Journal

    For fun, I will talk about a real special situation. A long time ago I invested in HUN with no stops since I don't need stops for stocks only futures. The reason I invested in HUN was that they had a strong lawsuit against another company that signed a contract to buy them out, and backed out...
  19. oraclewizard77

    Surf's Special Situation Journal

    Well, let's assume you did not put in a stop or target since you did not mention one, and that we will assume since this is a day trade, you will close out at end of the day. So, if you only did 1 contract, you are down around $ 1,000. Maybe, this helps prove that TA works and special...
  20. oraclewizard77

    Amazon AWS vs VPS: MetaTrader 4

    Obviously, having your orders being placed on a Chicago server is better. However, once the order is place and you have a stop and target, I think the stop and target are on the CME exchange itself for futures, and these orders are executed on first come bases. In a slow market, you can...
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