Search results

Are you STILL excited/happy with being a daytrader as the day you first started? Yes. :)

Agree 100%. :)

I am tall but at 6'5" you are one tall mother. :)

Yes. Quit. :)

How many on ET either never really made it or if young enough would prefer to be a highly paid office stiff? From very early on I was a big shot office stiff and it sure as hell has its upside and pleasures - big fat leather chair, plush office, chauffeur limousine, top business lunches...

If some have done simulated trading and benefited also fine. Paper trading is not about paper trading for months. Paper trading live is about practice and training for a whole day session for as many times as the novice or trainee needs. You will confront live market conditions real trading...

Vertigo, it doesn't seem you're a suitable candidate to be an independent trader. Forget it. :)

What exact data are you are backtesting? Daily data, open, close & HL?

The point is repeated practice. It needs to be done live - not simulation on past trading days. So you can - - do it mentally - paper trade or - test trade (real trade 1 lot) What you will discover is the mistakes or misunderstandings anyone can make even after you have detailed...

Paper trading is live. It is the same as real trading. It simply gives the paper trader repeated practice. :)

Forget greed and fear. Engage your innate intelligence. You have at your command the finest top of the range animal species on Earth .. you! So yes paper trading is useful for the trainee or novice. Repeated and repeated paper trading to micro manage the gyrations (ups and downs - eg YM)...

Has anyone found anything that works consistently over a long period of time? Yes. What works is volatility. Its the money spreader. Go take some money. My often quoted description is 'gyrations' (eg YM). The answer expected above would have been to offer the name of an indicator. Same old...

While this subject keeps coming up, it just keeps reminding me of the extent to which traders play in the market without everything they need to know. This question of risk and reward appears to be debated upon, in effect, how inaccurate you can afford to be (acceptance of what proportion of...

100% successful strategy Firstly, what is any such strategy doing? It recognizes that the money is in the gyrations (eg YM). Watch as price travels on its time axis from the Open to the Close for it will cover through its upmoves and downmoves a huge coverage of points (eg YM). That is the...

Each so called trend will end at the first bend. So intraday 'bends' plus 'trends' up and down = gyrations (eg YM). Thats gets back to my terminology. When the term trend is used is that just a substantial upmove or downmove occurring intraday (eg YM)? Is it underlying, so if an uptrend...

OK, even better than my suggestion. :D

ETs Favorite Indicator Stoploss. Only kidding, guys. :)

If there is a psychological problem it is that of an underfed cat who will eat very quickly anything it is offered. You have to take the whole day as one big cake. Eat it slice by slice or eat big slices from it. Among many matters you have not yet learned to address, your problem is in this...

Correction. "But how you order that information (bars, charts) is key to perceiving what you are looking for. For intraday gyrations (eg YM), it is a key consideration if you want to enter your trade in a new move at the very bottom of the preceding opposite move or at the very beginning...

You didn't understand obviously. :)