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  1. Z

    What's your maximum allocation to a single stock, sector, or market?

    .5% risk for intraday trades 2% risk for a daily/weekly swing trade.
  2. Z

    cnbc saying what Ive told you for years

    Boy did I get taken when I was a noob at the time with those damn Chinese biotech scams. Hard but effective lessons!
  3. Z

    Any drug to help make u a better trader?

    The "drugs " released in your own body are much better. Well balanced diet, nutrition , exercise, meditation. This combo ensures your body's chemicals are well balanced. I used to smoke some pot once in a while when trading and found it just causes me to take " for the hell of it" trades. To...
  4. Z

    A success story

    Nice, How many months/years have you been profitable now? Your oco takes the emotions out which is good, just keep in mind as volatility changes throughout the years you will have to adjust accordingly. Your experience and persistence have also played a role. To your continued success!
  5. Z

    Bitcoin thread anyone?

    Someone said yesterday that the order book only has like 30 grand in it. Too illiquid. And it is still a fiat currency. I like hard assets. Commodities ect to protect against inflation. It's used mostly for services like programming . It's kind of like world of warcraft money.
  6. Z

    A simple price action approach

    Stopped out for a few tick profit, was busy with other things. In hindsight looks like I should've covered on around 1.4574. Interesting approach tho and will test further for a possible addition to the toolbox. Trade management seems to be very subjective (as with any method) but I like...
  7. Z

    Trader P/L 2011

    I use two screens, six charts on each, I trade one setup and search for that setup diligently all day across multiple markets . Toggle time frames frequently . Since I do mostly waiting instead of trading, watching all of these markets keeps me busy and in tune with the overall picture of where...
  8. Z

    Trader P/L 2011

    +733 Seems like I get an unusual number of 730ish days, i just take all the signals i get I usually don't stop taking signals unless i'm up over $1000 Traded ym, yg, qm, tf,es overall good day
  9. Z

    College Conspiracy

    Making good money is not easy whether you have a degree or not. Everyone's situation and path will be different. For instance if your dad owns a very successful concrete business that you work for then what good is a degree if thats what you want to do? If you want to be a doctor then you need...
  10. Z

    College Conspiracy

    IMO for hundreds of years apprenticeship has been the best form of education. How many years did people basically have there father , uncle , or family friend teach them how to make a living whether it be carpentry, blacksmith, backer, banker, farmer. ect. I learn by DOING, not by sitting in...
  11. Z

    A simple price action approach

    UPdate, looks like it respected counter trend line as resistance .
  12. Z

    A simple price action approach

    update, went through. JH i'll take a minute to absorb what you said, thx.
  13. Z

    A simple price action approach

    im using one market ...6e. What are you talking about?
  14. Z

    A simple price action approach

    Ok now what if it bounces off counter trend line? cover?
  15. Z

    A simple price action approach

    Testing this out in sim a bit. This is the right gist of it correct?
  16. Z

    Why Is The Obvious Not So Obvious?

    as I stated I noticed weakness on 6E at 940am cst . yesterday around 1.4680 ..turns out some more nice selling at this level between 12-3am cst followed by a move down today. Would this indicate too much "thinking" to the obvious camp? Many times in this thread the op has stated trader...
  17. Z

    Comex will be out of silver in 5 months at this rate

    I guess that makes sense, price is just everyone's collective perception of value of whatever is being traded.
  18. Z

    Tomorrow 6/8/11

    I was personally hoping to buy some long term dow around 12000 as statistically looks to be the spot where the average pullback would bring us from over the last year or so. I look at charts from 87 to 2000 and would hate to miss a continued run up like that. After all the markets have always...
  19. Z

    Comex will be out of silver in 5 months at this rate

    There is way less silver than gold in the world, my question is , why doesn't the price reflect this? Edit, I should say there is way less silver bullion than gold bullion. I don't know how much is floating around for industrial use. But still....
  20. Z

    Why Is The Obvious Not So Obvious?

    No I didn't take test, Who grades me and what is the benefit of taking it? I meant , do you have a stop loss? Do you have a level at which you will exit or reverse the trade that you entered 2 lots short.
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