Its wasnt a key reversal as the markets closed up. If there were real sellers then market would have closed down. Yesterday was profit taking.
Depends on the exchange. Some exchanges dont support native stop orders. Some exhanges only support native stop limit orders. Some might...
A rough rule of thumb 50% returns a year are realistic in this business. So you want to make 50K a year (before tax) then you need atleast...
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Random walking would suggest 1267. However the trend says higher.
In the FX markets just 5pips a day will make you rich in no time.
I expect to see a lot more volatility in equities next year, the four year cyle low is due in October 2006 and is one of the most reliable of all...
Im a burned out coder, a shadow of my former self. I took out a big mortage just before the .dot com crash and found myself out of work one...
You have to see it from their point of view: As so often pointed out on this board: 95% of people lose money in this game, and probably only...
Futures trading is zero sum, for every person long there is some one short. Therefore for your assumption is incorrect. A minority of big...
Keep your $Risk constant. So if you system tells you to set your stop 5pts away then trade 4 contracts. So if you system tells you to set...
A 100%+ a year with minor drawdowns? Whats minor? 5% , 10%, 20% or 30%?
I run 3 TWSs on my 512Meg laptop, they run fine. And 2GB costs nothing these days, not that you need than much to run TWS. Platform...
That reminds of a post i once read on Trade2win: "The Way of the Warrior Trader - vershun wun" A - Always go in the opposite direction...
"The Way of the Warrior Trader" by Richard McCall. Heres an example of the why the books is so bad: 'A'C'T'I'O'N': Accept .... all...
YM is best for begginers. With native stops it will be even better, and i read ECBOT are working on these. Then move up to ER2. The problem...
High risk, low reward
Dont equate long hours with hard work, people at GS and similar companies work those hours because they want to and because they enjoy it, not...
If you tell him to buy SPYs and the market tanks you will probably get the blame for losing him money. Unless you are prepared to manage money...
Well $190 might be pushing it a bit, but a $100+ by March is easily possible if demands exceeds supply in the way mentioned.
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