Search results

the glass ceiling

Ok middle of august works. I don't trade the ES, but i have no problem doing it. (don't daytrade much anymore). I say we give a middle-man the password to 2 demo accounts and do it that way. We could do real money, but we need to figure out how a third party can keep track of it...

I'm game. I'll trade anything but forex.

If you followed rule 1 you're a large portion there. That's the big one. Systematic trade....you got it. 70% there. You're better than I had thought. With that said, that's enough to get your trading to break-even IF you take quick profits. I have a feeling that even at 90%...

Yes, BUT depending upon where the market is trading on a daily timeframe you'd be smart enough to be short for obvious technical reasons.

90% win rate?! lol your screen shot looks like YOU don't even believe that.

If you pick bottoms I'll give you the best advice ever. 1)Play them small. 2) Don't average down 3) Pick them systematically (yes this is possible but the reliability is MUCH lower). When you "think it's bottomed" is not the definition of systematic. 4) Use tight stops 5)...

5 years I played bottoms like you did. And it got me to flat if not a little down. I know first hand what you're doing and IT DOESN'T WORK RELIABLY ENOUGH. 2nd your exits suck. If you're going to pick bottoms, you don't scalp for 2 points. The whole point of picking a bottom is to...

What are they doing? Standing in front of 52-week lows? Shit's down there for a reason. Unless you want to hold a pile of bags, you DON'T buy all-time lows (including daily lows). It may be different from a long-term perspective but regardless, you're gambling. Follow the pros. You...

lol this site is unreal. Let me tell you something pal. If This is the case, UAUA was a good buy at 15, 10, 9, 8 , 7 6 5 TMA straight to .20 Homebuilders, financials, BSC, value investing. Where do I start off lol? You want statistics? Talk to the geniuses at LTCM...

His stops are further away? Who gives a shit. He's adding on the way down. REAL traders add on the way up.

I do, but we may be talking oranges and apples here. Are you buying the lows on a downtrend or are you buying a pullback on an uptrend. Two totally different things, but sound the same. I'm new? No i'm not new, but i have found every losing strategy under the sun until someone on...

Hilarious? You adding on the way down is what's hilarious. You call that money management? I call that a race to zero

Your system doesn't work for stops for 1 main reason. You're buying on the way down. When the rest of the world is selling. Think about that for a second...... You're logic is a little flawed.

Why aren't you shorting the bounces? You basically added to a losing position and got lucky. I'm sorry to say it, but you still don't understand how the market works. :( I hate to say it to you because you've put in a lot of work on this.

Just buy puts and save the daytrading for some other loser. There's much better ways to make money in this market.

Daytrading has nothing to do with naked shorting man. These naked shorts are held for months.....

EXACTLY. Just take the damn rule out then. I'm all for shorting, but you can't afford to naked short banks to 0. The whole macroeconomic concept is too fragile. IMO shorting should be legal, however it should be completely re-done. It keeps guys like Enron, Worldcom, LU and the rest...

With that said, the guy is a genius. He is one smart man and I don't care what anyone says. He retains stuff I couldn't dream of. The problem is you can be smart and completely dumb at the same time.

I have no disrespect for Cramer. I used to like the guy. I agree with Makloda. Cramer was simply doing what instinct taught him. The problem is that I never learned to take short cuts. It's cost me, however I can live with myself at night. 90% of the time I live my life in the shoes of...