Trading For a Living by Alexander Elder. It's on here under Books. Great book, but I just have one question for your friend. Is he wanting to...
I'm one of the few small account traders that is successful. The only information I know of that I have that others don't have is money...
No. Famine is usually caused by a lack of rain or crop production. The dollar doesn't have power over the weather. :p
MTE is right. The reason they gradually sell off is because of the relationship between the massive amount of shares they own and the limited...
He's probably right about this. I've looked for some time as well. It's just not out there. But you could try these 2x ETF's: SSO (S&P), QLD...
I'd like to take a look on my own charts. What stock are you holding?
So this morning when I woke up to check on my positions, I tried to log into my broker account and for some reason the website was down. I had a...
I recommend blogging or journaling. I trade best when I write my plan down before I open the position. When I write, I write as if I'm writing to...
I don't want to drag this on much longer, but the point of my post was not to present every factor that goes into risk limits. Rather it was to...
Don't be so freaking literal. I think everyone understands the possibility of gaps. Most of all, someone who uses stops.
No, you need more reward. Why would your average Risk/Reward be 2:1? It seems you should be looking for either less risk with same reward, or...
Here's a screenshot from a paper I wrote on the subject. The issue is that, even with a 99.99% probability of winning, you still have that 1...
The fast movement we saw upward on Friday afternoon was characteristic of a "Price shock." That's when a few large accounts make sizeable...
Excitement or profitability. You choose. I've never known anyone to have both for very long.
Yes. I used to aim for 2%, but with options that's near impossible without trading very small positions. Generally I aim for a loss of about $20...
80%! That's phenominal. I remember the days when I used to lose like that on my $500 practice account. It was still emotionally devastating...
Read Rome's history, as well as Greece and possibly even Babylon. They, along with America, have the eagle as their national symbol and were, in...
The dollar was originally made as a certificate which guaranteed it could be exchanged for its written value in gold. A few hundred years later,...
You really don't know that. Sure it's rare, but that was my road. People do succeed without a mentor. Anyway, I think there is wisdom in...
I got one just like that about 3 years ago. If you get into swing trading the problem goes away. I make a day trade every time I lose (because a...
Separate names with a comma.