dbTrader, Try this. Instead of putting on your trade near S/R, just watch and wait for a spike in the opposite direction around these levels....
Introducing broker
Successful traders always talk about when things began to "click", when the trader began to trade without fear or hope. One of those moments for...
jessie, All the newbies and struggling traders should print out your comments and tape them above their computer. Well said. :)
I think this is one reason newbies struggle so much....they don't know when to break the rules. Knowing when a trade has a high probability of...
Maybe some poor schmuck Phd lost his ass and paid them in books. :D :D :D :D
There was something called "Club 3000". Anyone remember? It was started by a bunch of traders (wannabees) that had bought courses on trading,...
Matt, I use Mytrack for charts, quotes etc... and IB for orders. Works OK for me. I trade stocks, options and e-minis.
When I see a thread like this, I always just shake my head and think to myself "so these are the people on the other side of my trade". Sometimes...
Me: "I'm a daytrader" Them: "man THAT'S risky!" Me: "Really?. How long you been trading?" That usually shuts em up good. D :D :D
Do you know WHY you do this? I do! Its because you're afriad to lose money, pure and simple. I know 'cus I've been there. Your stop is nothing...
Dave, Could you post a real world example of how you use automation in trading?
Someone else posted earlier about watching tick and forming your own opinions. Linda Rashke and Mark Cook both use tick. I have found its good...
Whats the big deal about "automated" strategies? The last thing I want is a computer buying/selling dozens of stocks without any input from me....
Youre' DOWN? Come on man, in this market?
What kind of stops do I like? The kind that get me out of trade when I'm wrong:D :D
Banjo, A good observation. A few (many?) years ago I was reading a biography on Bernard Baruch, the legendary investor. When he was young...
A wedge is when a friend grabs your underwear and pulls it upward in a very violent manner. I have no idea what a broken wedge is. :D :D :D
I tried to post a chart showing VIX and the S&P500. Going back to 1987, the VIX peaked at 152 on 10/19/1997, it then trended steadily downwards...
Greenspan is getting ready to retire, imho, and he doesn't want to go out with a weak economy. Inflation looks dead, at least the way its...
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