I agree. I just cant go without a stop. I make them wide but I do use them.
I agree. Backtesting will reveal much. The problem with profit targets is that they are basically an attempt to protect the future. This is of...
Dont scale. Taking losses on full positions and profits on partial positions skews the math against you. It becomes a game that over time you can...
Yes I make a living off of trading and Ibdid start with a small account. I did make some mistakes along the way. Now I work 4 hours a day live in...
The CEO of apple said that making the iphone in the USA will add $60 to the price of the phone. He would know the numbers.
The licensing information will be on the website. You really can not go wrong if the site/firm is in the USA because they are not allowed to...
I agree it is hard but I think most people lose money because they are not properly trained. I dont know how it could be done but I wonder what...
I dont think I am allowed to mention a specific site because of forum rules. Besides, I would not want to be accused of promoting. If you google...
Actually it does not need much capital at all. Here in the USA we have something called title III which allows people to invest in realestate and...
I agree practice and skill greatly reduce risk. I am glad that you discussed trading like a business, because it is. I have found very few...
In my opinion robotic trading is less efficient than manual trading. The robotsnadvantages is that it can be there everyday all the time. It never...
If properly done it works in all markets. That was one of the things that started me in this direction. I was scalping oil and euros but my...
No trade taken unless I can expect a profit equal to or better than 3 times my risk. This will also mathematically keep you out of contracting...
Consider this if you will. Price has been trading within a range. Lets just take a 30 tick range. Price tries to breakout to the long side but...
With regard to breakouts. They do one of three things. They fail. This may represent a profit opportunity but thats another discussion. The...
People write books on that subject. Hopefully this post will not end up as long as one. Two of the things that I look at are volume and...
When I think edge I think of technique that skews the odds mathmatically in your favor. For example. I am a support and resistance guy. My trades...
I made pretty good money trading Forex. The only thing that made me switch to futures was the schedule. I was trading 4 hour bars. That meant...
When I was trading spot forex fulltime I looked into getting an office just to be around other people. All of my friends had real jobs during...
It took me a couple of years and a lot of hard work but it was worth every bit of it!
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