I'd like to see the p&l for Tim Knight, now or formerly of Investools . . . When he said one day that his account was up 18% THAT MORNING . . . I...
I don't get how fib is useful . . . .any stock is going to retrace between 38, 50, and 61 . . . if it retraces 54%, which one is that? Good enough...
I trade small cap stocks . . . My time frame is determined by the stop. I suppose I would have a time stop if the stock went nowhere, but haven't...
Because your making the fallacy of the predetermined gain. You assume "Ok this stock is going to $100, I should lower my cost basis to maximize my...
I usually have a trailing stop that is 2.5 the ATR.
Scaling is like cutting a pie into 100 slices and declaring that you won't gain weight if you only eat small slices. Doesn't work that way. It's...
If you scale in 5 times into one stock, imagine that you have five positions instead of one. If sell each position, are you selling out of five...
No, it's about profitable exit. With the right money management and selling strategy, any entry is adequate.
I don't know about arbitrary assumptions, that's just common sense. Scaling is a way to make yourself feel better, but over the long term it...
Pyramiding is simply the inverse of doubling down. Doubling down doesn't work for the same reason pyramiding does, because trends tend to continue.
As for the criticism of pyramiding -- that's why it works, because it's counterintuitive. If it were intuitive, everybody would be doing it, and...
Scaling out makes your broker richer. Let's say you trade 500 times/year on 100 positions. You scale in and out 5x per position. Over 100...
Over thousands of trades, it doesn't matter what happens in one trade, so trying to maximize your win rate is irrelevant. The same for scaling in...
So does this mean, the more hands you lose, the more money you make? I should be filthy rich by now, if that's the case . . .
1. First, you can dump a scan straight into a chart setup, no cutting and pasting. If you want to cut and paste, you can do it with hundreds of...
I agree. When I hear technical analysts talking about head and shoulders, I think to myself, how do you trade a head and shoulders? The neck line...
There are the old technical analysis chestnuts . . . head and shoulders and double bottoms and cup and handles . . . but what formations actually...
Ultimately the commodity is going to be sold and bot by an economic buyer . . . so the ultimate buyer and seller is economic. The speculators are...
"Then, a trader should be able to enter and capture that risk premium. " Doesn't all of the economic value accrue to the airline (and it's...
My original premise was, what markets offer the best opportunity to make money? For instance, traders say futures trading is very difficult . . ....
Separate names with a comma.