If you had to do it all over again....

Quote from aPismoClam:

trade bigger.
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i agree - growth is the name of the game.

you need:
-experience(2 years in the instrument you trade)
-leverage
-more then 10K USD equity



good luck playas.


:cool:

kk
 
Quote from gnome:

Lots of traders claim, "I don't have a bias, I just trade". Let me respectfully disagree. I think you're using bias even when you don't realize it.

Let's say, you're playing for "bounce at support". That play requires a long-side bias even if it's for only a short time.
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Lets say a market has two primary characteristics; trend and bounce off support/resistance on a daytrading basis. The market opens and starts to drop. You enter a short following the trend. The market goes down to a support level, stalls and starts to reverse. The support model kicks in a long trade. Meanwhile the trend model is far enough ahead that the stop is moved to breakeven. The market continues up and ends the day near a old high (resistance). In this case you brokeven on the trend trade by using common trade management. The bounce trade made a good profit. No bias was taken because you would've made money if the market blew through support and the bounce trade was stopped out. That's all I'm saying.
 
Quote from OddTrader:

My prediction is that the above prediction cannot be easily predictable. :)
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I predict this is my last post on ET forever. Moving into my wife's fantasy compound next week. I have other plans than the internet after today. Acrary....signing off.
 
Quote from acrary:

.

In the second case the markets are non-random but ever changing along the lines of themes (large trending periods, large chop periods, large counter-trend periods, etc.).
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Therefore markets arepredictable, forecastable and somewhat symmetrical.
 
Here is a newbie's dream:

If I had to do it all over again.... I would keep all the profitable trades, and fade all the losing ones. :cool:
 
Quote from cashmoney69:

If you had to go back to the very first day you opened your trading account, armed with the knowledge and experience you have today, would you: (may pick more than 1)

1. decide trading is too stressful and risky and put your money somewhere else

2. Trade something other than what you started with?

3. Would you change your style of trading, if so, what style would you choose?

4. Start at a prop

5. Get a college degree before trading (full time)

- nathan
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Simple,

Skip college, trade from 1998-2000, get into RE and retire.

Then maybe go get my degree for the hell of it or just to live the college life and party like mad.

Too bad my timing was completely off.
 
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