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  1. lindq

    Day trading questions

    I just asked you a few simple questions. Why are you entering a trade? What are your setups and triggers? Why did you select the instruments you're trading? What is your risk tolerance? They are at the heart of your issue. But instead of answering, you waste your time posting more compaints...
  2. lindq

    Day trading questions

    Cash, after 2300 posts on this site I would think that by now you would know that expecting useful advice on setting stops without discussing your entry strategy and your profit objectives is a waste of time. Why are you entering a trade? What are your setups and triggers? Why did you...
  3. lindq

    25-30% yearly profits, reallistic in Forex?

    Completely untrue. (Are you a graduate of ForexMadeEasy?) There are many transaction costs for the retail trader. Data, connectivity, spreads, software, hardware, etc. There is no such thing as a "zero sum game" in any market that is profit driven. Those who make the market - who...
  4. lindq

    buying a new house

    If you are planning to hold only short term and try to take a profit, you are too early and should wait. If you are looking for a residence and plan to stay a few years, this is a great time to be making offers to anxious sellers. Realtors are dying for qualified buyers. So find a good...
  5. lindq

    Thorpe 2% rule for position sizing

    According to that rule of thumb, your risk should be NO MORE than $2,000, which is 2% of the account equity of 100K. However, that should not define your stop, which should be based on the characteristics of the instrument you are trading. But wherever the stop is, it should not open you to...
  6. lindq

    Why does no one hate Sweden for their Freedom?

    Why is it so difficult to hate the Swedish? Simply because we are so boring. Beautiful, yes. Intelligent, most certainly. But very boring. We don't like arguments. You have a problem with me? Ya, okey. You vin.
  7. lindq

    The concept of "trading both ways"

    You're making an assumption here that one can't profit by trading from only the long side during a bear market. But that's incorrect. Short term long systems that profit from volatility and fear can do very well in a bear market. I for one would love to see the VIX remain above 20 and...
  8. lindq

    Why Daytrade????

    "Most people" fail at any business. But that's no reason not to try so long as one has the resources and understands the risks. Daytrading can be very lucrative and rewarding. But as with ANY business, building a record of consistent success takes time.
  9. lindq

    Divergence is very bearish

    Assuming that your lower chart is of an individual equity, I would more likely be buying that chart, not selling it. That's what makes a market.
  10. lindq

    IB Market at Close (MOC) orders

    My experience with MOC orders and IB has not been good. In a few instances, I've been filled at terrible prices a minute or two after the close when the spread widens considerably.
  11. lindq

    Who wants to program my Profitable Trading System?

    I put a lot of time into automating my system, which is not a particularly complicated system. But there are far too many obstacles to let it ever run unattended. For example, in one instance I had a very brief and unusual cable provider outage that left a hole in my data and failed to...
  12. lindq

    "take the money and run" type market

    Yep, a long term hold in this market is about 6 hours, if that. Then move on.
  13. lindq

    I'm switching to full-time

    Pulling your income fully from trading means that you must be absolutely ruthless in maintaining very tight stops. Don't ever let anything get away from you. Be happy with small but consistent profits, and protecting your equity. Don't get bored and start to be creative, when real...
  14. lindq

    Help a noob out (Part II) Logistics of being a trader....

    You might want to focus a bit on making profits before worrying about how you are going to file your taxes. You should be so lucky to have that problem. :D
  15. lindq

    Trading Software - Backtesting and Realtime Scanning

    Yes, I have used InvestorRT for 5 years. Your reference to "handling" intraday data opens two issues: realtime tracking, and backtesting. In terms of backtesting, you can backtest intraday as many stocks as you want in a portfilio. But if you want to backtest thousands with 1 min data...
  16. lindq

    George W. Bush Latest Fairy Tale.

    Bush, until the end of his days, will continue to do whatever it takes with his limited intellect to rationalize HIS decision to invade Iraq. Psychologically, he can't admit to himself that it was a mistake to invade. So he'll do or say anything simply to pass the problem along to the next...
  17. lindq

    How much room for a limit order?

    The main considerations in using limit orders are volume, volatility and spread. So each trade will be different. If you have a stock with smaller volume, a lot of volatility, and a large bid-ask spread, you need to give yourself some room. Conversely, for a stock with a lot of volume and a...
  18. lindq

    Trading Software - Backtesting and Realtime Scanning

    InvestorRT at www.linnsoft.com. Does everything you listed.
  19. lindq

    Should I trade full time???

    Don't confuse brains with a bull market. The bull market of 98-2000 convinced a lot of highly paid employees to quit their jobs, only to get killed when the market changed. Your trading success in the past two years may have absolutely nothing to do with a changing market environment...
  20. lindq

    how do dividends work?

    FYI, a company can change, or delete, their dividend at any time. So a long term investment based on a dividend expectation may not be what you will expect.
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