Just a suggestion, in the beginning be careful trading earnings stocks while the conference call is on, even if you are listening to it. You might...
What about a giveback % rule? If you are up $200 closed gross, maybe say not to be down 30% from there? You can also change that % each day...
I use the tape a lot and consider myself a really good tape reader, NYSE stocks are a lot easier, but can still be done. I agree, need to focus on...
Great post Mav, thanks for sharing. I agree about the Pivot Ranges, its one of my favorite setups and seems to work the best intraday.
Why not just put in a give back rule instead of a profit target? It seems ridiculous to say once you get up X you are going to quit. It makes more...
I agree, this has really improved my trading. I've found that once I'm in Tier 3 (they suggest max should be 6 min should be 4 tiers btw), that...
I don't know what you trade, or if you are discretionary.. Just my 2c.. I think your risk/reward is the problem even with your high win rate....
After reading Trading in the Zone and the Discipline Trader, I was a little disappointed with the DVD set (thinking like a professional trader) to...
Thanks for this.. It appears its just the DVD's, no materials, but are good DVD rips. Edit: I'm not sure if the originals have any written material
Awesome I'm ordering this book now! I've heard that story a few times, but still a great story.
I don't know how I missed all these posts, but thanks for posting!!
Great thank you!
Has anyone seen his DVD of 'How To Think Like A Professional Trader'? I'm interested in it, but want to know what others have have seen it think.
Here is an audio interview with Mark Douglas from awhile back... http://www.woodiescciclub.com/Lectures/mark-douglas/august-2005.htm
FWIW... Trying to read the tape on the Q's isn't that great because of the volume. Plus you still need the prints to get the whole story. If you...
Thank you Mav great insight and advice I really appreciate it.
I'm trying to understand how to use this concept on breaking news plays and would really appreciate any feedback. I'm using UNH today as there was...
There is a lot more to it then that... You need level 2, what you are describing is the prints (which some consider the tape, but I need level 2...
Can you elaborate a little further on this for breaking news plays? Do you use a specific time period on breaking news, or do you read the order...
Great year Lescor! What is your best year if you don't mind sharing? Have you noticed if your trading has become more efficient over the years...
Separate names with a comma.