Good post NYOB. I agree with everything you say here except I would substitute futures for stocks. Just stick to one contract, preferably the...
Yes, it can be done and many people do it consistently as noted by many responders on this thread. The key is not in a "system" or "model." As...
One last thought....if you study statistics of the stock market you will find the distribution is an F-curve with normal bell curves within that F...
One more and that'll be it for the day. Real quick....buy 60.25 -- that's where the stops are. Not the bottom? Not a problem, buy more 58.25....
Here's another beauty and a perfect example of how to manage your account. Real quick....stops are getting hit around 63.00 so I buy. Not the...
Now let's talk about <b>setting stops!</b> As I said yesterday, I don't set stops in a traditional way. I "build" positions, then set my stops....
I use a 5 ma on all time frames. It's a flow and mean meter. The farther the price gets from the MA's the more likely it will revert back to it....
The 1's are my trigger chart. I watch every time frame up to the monthlies. I look for my entries on the longer time frames (mostly the 5's,...
Well said. If you ask a profitable trader how he does it he will give you answers like, "go with the flow, trade what happens, it ain't about...
Or, more specifically: http://www.elitetrader.com/vb/showthread.php?s=&threadid=112126
When price goes down buy. When price goes up sell. :)
LMAO. You guys are hilarious!
Excellent question. The honest answer is, at this point in my trading career I don't want to change. If market conditions changed to the point...
I don't pee into the wind. If a strong trend begins I will either jump on it or stand aside. I like my system because it fits my personality but...
samuelg, think about this for a minute.....you'll probably agree that 95% of traders lose money, right? So if the majority of traders "follow"...
It's Global Strategy Trader. It's something anyone has access to.
I will PM it to you later in the day. If I forget PM me. What happens, say if you get the direction wrong 3 or more times in a row? seems a...
This is sure to bring the pundits out :)) ----------------------------------------------------------------------------- I don't place stops in...
Huh, what a great way to think. I like that f9!
It depends on your style JJ. You get shaped by your experiences. When I 1st started trading the futs I looked for trends but rarely saw one so I...
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