Search results

He probably has a 90% win ratio, and then one day 1 of the 10% losers blows up his account. Win ratio has nothing to do with being a profitable trader, but noobs love these kind of threads or root for the traders on the ES journal who keep averaging down after the market already goes 10 points...

I assume if he said he would not be able to pay the options, then he wrote naked options. I actually think the brokerage will close your options if they feel the position will cause a margin call, or they will ask you to put up more capital. Bankruptcy is meaningless in either case. I bet...

And here we see what happened to oilfxpro's face as it comes into contact with the edge. Lesson taught, don't trade without an edge, don't fight without an edge. http://www.youtube.com/watch?v=SSq0njFD3TU

An edge is what leads you to victory in trading or martial arts. http://www.youtube.com/watch?v=v8aFt2KyOs4

Silva's edge is being trained by Steven Seagal. http://www.youtube.com/watch?v=ri5J8-w2RIE

Seems that they do fix bugs, since they keep making updates to their software, and will list for example broker specific bugs the new version has fixed. Only bug I have found (that has not been fixed) was that certain futures that are rolled over each month do not show up to the second...

OK. I totally disagree. 1) The 1st rule is to find an edge. If you don't have an edge, the rest is meaningless since randomly trading will not make you money. 2) The 2nd method is to determine what you want your win% to be. Yes, with a lower win%, you need to let your winners run more...

Paulson analyses macroeconomic events. When he is right, he makes $ billions. When he is wrong, he losses $ billions. I think it's more like investing except he uses more leverage than a standard mutual fund. I used to do arbitrage when I was investing in stocks. Its a very profitable...

I would suggest an edge is a trade setup that you use which over time if executed properly without revenge trading leads to profitable equity growth of your account without the risk of ruin. I include risk of ruin since some hedge funds do employ trade strategies that are profitable over many...

I like Mirus Futures with NT. They are inexpensive. Quick to respond to e-mails and/or phone calls, but faster response with e-mails. Also, they sometimes even called me to remind me about roll over so I would not have a big truck coming to deliver actual product. As for NT, I agree if you...

MA also does not work when market participants are not trading in enough volume. For example, many after hour markets, price moves sideways and crossovers don't matter.

6E is the EUR/USD. future. What are the differences between Forex and Futures. 1) Each tick for 1 contract on Futures is $ 12. For Forex, you can actually go smaller with real money. Both you can demo. 2) Futures gives real volume but you do need to remember it follows the EUR/USD...

Every time you trade, you need to be focused, have a goal, remember your setups. Wait for your setups. If you lose, don't get emotional, don't revenge trade, wait for the next day to calmly trade correctly your edge. I made some money this week, but I was scared of giving it back on Friday...

So what would be the best solution to this problem since many of us have it. Would you suggest us to trade for an extra tick to cover commission costs assuming the trade has the possibility of going that far? Or if he were to become a profitable trader to join a prop firm since he trades stocks.

http://www.marketwatch.com/story/significance-of-200-day-moving-average-2012-06-12?link=MW_story_popular Let's look to a link of simple TA working for hundreds of years until everyone finally realizes it works, and it stops working. A 200 day average is one of the most simple TA strategies...

For those of us who use TA profitably, we could care less if you believe it works or not. Obviously, the standard TA does not work, but the TA I use has a proven scientific statistical edge. Just like betting when you have 2 aces in poker has a higher probability of winning the hand than any...

Let's start to talk about documentation. Remember, trading is a business. 1) The 1st goal of trading is to find one or more profitable setups. This may be called by some an edge. A profitable setup is something that allows you to make a winning trade. 2) The next step is for you to...

Your losing trades have a greater dollar loss amount than your winning trades, while your win% is not high enough for a negative risk vs reward. Try setting a stop and target based on this alone so that your winners and losers are at least even in amounts.

You can have price also break above or below a shorter term moving average. Yes, a longer term MA or EMA will give a good trend bias when combined with another signal to take the trade. Just by itself, you can't trade.

I think having a trade for around a day is more than long enough. You need to then decide how much you want to risk vs reward for that movement in time and it has to be based on prior observation. For example, I am not saying, you have a trade that lasts an entire day. I am saying a trade...