I think 2% risk per trade is steep , Lose 5 trades in a row and your in a 10% draw . 10% draw over a 1 day timeframe is bad news to me.
.05% per trade is more in my comfort zone. 2% daily limit.
Morning ,
Looks like we have a wide range from euro session before NY even opened, 105.50 bottom pivot Currently hovering around 107
Volatility has been increasing over last few CL trading days.
5 day ATR 2.25
Good trading all.
Regardless of haters I'll never leave ET because of the Entertainment it provides. I'm sure Nodoji will still come back check in once in a while. I've had times where I did little to no Reading/posting on ET. It happens.
IMO announcing an exit on ET which she did a while back too, isn't...
Yeah it's almost like people want classwarfare by looking at all these stories. Fake or real.
Funny thing is if you make 25k or more you are in top 10% IN THE WORLD so half these people bitching about " the rich" have no right to do so.
Yes this is terrible what the banker did BUT I would like to point out that with all of these stories as of late about bankers/rich against middleclass/poor. Civil or class warfare seems like a possibility if SHTF.
Straight from the source, nice.
That "banker" tipping 1% story from floating around was actually materialized by someone so the media will do what it does, it is what it is.
Thx
I know, The days when price goes mostly one direction puts in the high or low literally in first 5 or 10 min I always think, gosh, that was probably the high/low today but I won't know with more certainty until about 10-11am cst.
Yeah its hard going long after so much selling . Sometimes market rewards whats hard, sometmes market rewards whats easy as i'm sure we've all found out in our own way. :)
Done for day , this weeks sim results in my testing new setup/exitrules attached... strictly oil trading . Personal rule is that I Can't do new setup live until I get a full green week or am positive 12/15 days . Daily loss limit 2% risk per trade .05%.
Second leg divergence, double bottom. Fibs not used as vooodoo... just partial exit lines and trailing trigger once it gets to 3.14 on the chart. Helps gauge out favorable R:R if anyone wondering why fibs on my chart...
How many times is the definition posted in this thread? I didn't read through all 180+ pages
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods
If I go to the...
I've been sitting on my hands for the past 3 years to buy some rental property. Now I kind of want to rent out some farmland instead.
BTW any traders have trouble getting a mortgage? I can buy a house/condo in my price range outright with cash but they won't give me a mortgage for it so I can...