Recent content by DaveGos

IB never had a problem and the price is right.

twalker I probably wasn't clear I meant the mechanics of trading are simple in that you follow a signal, thats why back testing usually produces such good results. The trade itself can be very difficult because of the need to deal with the self part of the trading equation. As to market...

Is it possible to make money trading? yes. Do I make money, yes I earn a decent living from it. Is it difficult? yes and no. Trading is easy it requires no natural ability, take that from someone who has none. All it needs is 1) A simple set of signal rules, many of which can be found on this...

Don't hope or pray just execute the rules

Trading is easy, now controlling yourself and controlling the trade thats the hard part and you will never learn that from paper trading.

Tony I do scale out on intraday on occassions, I havn't tried scaling in mainly because I'm happy with my current entry strategy, which as you know is VWAP based and my stop loss rules which are based on level 2. Dave

I day trade but over the last couple of months I have been swing trading as well. With the need for much wider stops with this type of trading I decided to minimise potential losses by taking a small position to start with and then once in profit I scalled in at pullbacks moving my stop to...

I've only read one of their books "Tools and Tactics of the Master Day Trader" which certainly makes no outragous claims, in fact just the opposite. The advice in the book, particularly with regard to discipline and Money Management is good and mirrors a lot about what is published on this BB. I...

Self Discipline, which at times requires Balls of Steel

Stockborn In my experience Risk Reward and Management is 95% of successful trading, I only became profitable when I realised this and consistently applied my rules.

Imho the only way you progress in trading is by making and learning from your mistakes, and the only mistakes I ever really learnt from were those where I lost significant sums, or consistent losses which added up to significant sums. I find it difficult to see how anyone without sufficient...

I've been trading more pairs with a reasonable return, I've also been using Gray1's stop formula and have been very happy with it. Rather less directional trades, although a nice 40 c on SBUX today.

I agree it is You and not the market that is important, I'm just not convinced that you need to find some sort of label which defines a relationship with the market as no matter what you do, unless you are a very large player, you cannot influence in any way what the market does or what any of...

Chump Having read the article I don't think he makes a good enough case for zero-sum. True for every winner there has to be a loser but some of the winners arn't playing such as the brokers and MM. Which is why if I win as much as I lose in trading as an individual trader my pot diminishes. He...

For me it is respecting the stop but not only when the market moves against you but also when it moves in your direction. I know one of the well worn trading mantras is never let a profit turn into a loss but unless you are skilled enough to run a system with super thin stop losses and a high...