Never trade against the trend

[Turveyd]

Try to survive as an ultra short-term scalper for any considerable amount of time!

I've tried, 2seconds too late on a exit and market massive move against and serious SL slippage.

I suppose opening on a negative you defunded somebody gets you more interest than the trader made money with us, good tactic.

Shame for the trader, but over and rules be rules I guess.

 

[Turveyd]

Downloaded Practice account, give it a look over, setup after close tonight.

 

[SunTrader]

Yes you're right, this trader has tight stops. Moreover, it is tight stops that allow him to do a re-entry without risking to hit the daily loss limit.

As a rule, tight stops is a winning tactics when trading leveraged products like futures. That's why this particular trader wins.

No disrespect but if you believe that (futures tight stops) I guess that is why you are a broker.

But how come tight stops didn't get him out on first short? And how come if the trader was going with the trend they waited to get short after market was already down?

Me thinks you are saying something that isn't there.

 

[Liberty Market Investment]

No disrespect but if you believe that (futures tight stops) I guess that is why you are a broker.

But how come tight stops didn't get him out on first short? And how come if the trader was going with the trend they waited to get short after market was already down?

Me thinks you are saying something that isn't there.

We are not a broker. We don't get commissions from your trades. We are providing you capital so you don't have to risk your own.

As to your second question, you do need to wait to see the trend established. Otherwise you're jumping ahead of a train.

What really happened there is his stop was too tight for that market conditions (this happens and this is OK). But he was determined to take yet another trade along with the trend.

 

[SunTrader]

We are not a broker. We don't get commissions from your trades. We are providing you capital so you don't have to risk your own.

As to your second question, you do need to wait to see the trend established. Otherwise you're jumping ahead of a train.

What really happened there is his stop was too tight for that market conditions (this happens and this is OK). But he was determined to take yet another trade along with the trend.

Opps right I forgot you mentioned that not a broker (or someone else did) earlier. Then wait whaaat? Too tight for market conditions. Which is it?

The only time I ever have tight stops are once I am in profit and price has gone to or beyond my initial price projections. Even then not what most would consider tight.

 

[Turveyd]

Opps right I forgot you mentioned that not a broker (or someone else did) earlier. Then wait whaaat? Too tight for market conditions. Which is it?

The only time I ever have tight stops are once I am in profit and price has gone to or beyond my initial price projections. Even then not what most would consider tight.

That's how you trade, don't confuse how you prefer to trade with how anyone else prefers to trade, you aren't everybody.

Tight stops are fine, if you have the skills/method to trade with tight stops.

 

[d08]

Errybody, is easy. Price go up mean trend up, you buy. Price go down mean trend down, you sell. Click-click, billion dollar, you rich.

This message was sent from my 300ft yacht.

 

[ironchef]

LMI is not a broker, they fund traders on performance.

Quite hard to do without analyzing trades.

I see. I always traded my own funds so I didn't know.

They funded you, can watch how you trade and if you are a super trader, they can reverse engineer your trades since they have all your trading records? If I am good, I really don't need them?

 

[wrbtrader]

Errybody, is easy. Price go up mean trend up, you buy. Price go down mean trend down, you sell. Click-click, billion dollar, you rich.

This message was sent from my 300ft yacht.

Odd question...

Do you fish from your yacht and if so...what type of fish do you catch ???

Another question, do you then throw the fish back into the water or do you eat it ???

wrbtrader

 

[d08]

Odd question...

Do you fish from your yacht and if so...what type of fish do you catch ???

Another question, do you then throw the fish back into the water or do you eat it ???

wrbtrader

Silly boy, fishing on yacht NOT ALLOW! Only naked girl do dance.