Just read the initial post one more time and a thought occurred to me. I find that the most important thing to focus on isnt how many trades are winners vs losers but rather are you able to cut off your loses quickly to preserve capital. If you st...
I keep my rules pretty general so that i avoid the all to common circumstance of offsetting rules.
Trade in the direction of the market- Look at the indices, decide where it is going over the next day/week/month/quarter. If i think it is going up...
1. indicators change all the time--dont pick "favorites" and ignore the dozens that big traders use...if your indicators are working (ie moving averages and chart candlestick signals) and then suddenly seem to let you down, expand your horizon--yo...
Hey,
Currently I am out of the market
- depleted huge my capital
- irrational exuberance. Sometimes it seems that basic TA does not apply to this market
- very busy at my work
I tried to follow TA. However those gaps burned my capital
Unbearable,
You entered the trade on a 50% Fib retracement theory. If it breaks that level, it is time to get stopped out. The time to consider a 61.8% retracement as justification for a trade is before you lay your money down.
Your question ass...
Thanks for all the input here guys, I love this place. I have a couple of questions I hope you can answer for me. First off, I want to keep my stops tight and I want them to have significance (not just a random number or percentage based on maximu...
I can't tell you what position size to use and where to set your stops unless I know exactly how you trade and have conducted a lot of experimental trading to confirm what works.
Money management and stops are dependent upon the market you are tr...
Im sorry but I have no idea what that man just said. I just saw this video for the first time. Was he trying to tell the truth about this sham of a market but was just too scared to really say it? Because he didnt make one ounce of sense to me.
Six words: Holy crap, they DO believe it.
hahahahahha. Thanks for giving me my hardy laugh for the day... very funny.
so in your opinion are you thinking that we could break the 666 lows on the S&P?
And if so what would be your best time frame ...
like i posted before. adjust your rules to the market conditions. and man, the conditions are unreal right now. i've now shortened my time horizons and tightened my belt. small positions are the main course. larger positions will be left for after...
Jeff, welcome to stocktock. look forward to your contributions. if you come across any amazing picks you want to share just post the chart on Photos.
just put one up of PCLN which i have $100 puts bought when it was above $105. traded the other lot for a nice 15% profit already. my pick of the week is PHH ... head and shoulders: $15 puts.. sell if it hits $12