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It's these sorts of observations that create statistical edges for traders. Once they become widely known they lose their punch.

Wasn't that the whine of the 90's? "Everyone's getting rich except me!" I remember distinctly how the 90's ended.

It's good if you know when to go short.

I had a look at the USD/NOK hourly chart after you posted this. The movement was definite and pronounced and took place over the course of several hours. Someone big selling their kroner, like a bank? It was interesting to watch. Who says price is random?

What a mind-blowing idea! And to think I've been basing my MAs on the phase of the moon.

ATR = "Average True Range" which is a trading-specific measure of volatility. What tool are you using to screen stock candidtates?

1% is a rule of thumb you see thrown around alot. That's what I use. I'm sure it's overly conservative, but I'm making money and haven't wiped out yet. Good enough for me. I'm currently capitalized around $50K so I can have about 10 positions open at the same time, yet not be eaten alive...

You refer to stops without saying where you place them initially. Are they based on volatility, technical levels, etc? You might want to start sizing your positions based on the fixed percent risk model a la Van Tharp. Risk being the distance between your entry and initial stop.

I can see what you mean about the poison part. Being independent for a while can basically ruin you for normal "workin' for the man" kind of work. My next door neighbor had his start-up bought out by a big company back during the tech boom. He hasn't had to do any real work as long as I've...

I managed to trade my way out of it when I got nervous. Got out more or less even after scaling in and then scaling out a couple of times. It was educational if nothing else. Long-term, USD is looking pretty weak.

Does she, or doesn't she? Only her hairdresser knows for sure...

This is something that only a computer/engineer geek like myself would notice. I generated a statement for one of my accounts from the Interactive Brokers web site. While the report is being generated, there's this cute animation showing two computers with ones and zeros flying back and forth...

One of Oanda's founders is Dr. Michael Stumm, a prof at University of Toronto.

I was kidding in my earlier post in this thread. I don't agree with the basic premise at all. In fact, the subjects I know the best I reinforced in myself by teaching others. Teaching others is actually good for learning a topic better yourself.

And don't forget: "Those who can't teach, teach teachers."

You don't have *no* chance of winning if you buy 1 ticket. If you don't participate at all, your chances are exactly 0%. But if you buy 1 ticket your chances are greater than 0%, albeit infinitesimally . If you buy 10 tickets, your chances are 10 times infinitesimal. I subscribe to the...

It was a good stock when I bought it in terms of EPS rank and relative strength rank. I ended up keeping the whole position and will probably sell next week before earnings. 20% is 20%, so I'll take it!

Alright guys, it's Friday afternoon 2 hours before market close. I'm sitting on a 20+% gain on my GCOM position. Last I checked, earnings are next Thursday 5/10. Close the whole shebang now? Close 1/2 and move the stop up? Let 'er ride?

I just love lottery winner disaster stories. Here's another: Jack_Whittaker He's the guy in West Virginia who, in addition to ruining his own life, ruined the lives of his relatives and virtually everyone around him.

You look like yer new 'round these here parts, pardner. It's a rough crowd, I hope you have a thick hide.