Recent content by MarketMaster

Hi Paul, I can measure the risk by looking at where the market would have to trade for me to know I am wrong, I can't measure the potential profit, but my confidence in the trade will vary according to my reading of the market. In the posts above I am pointing out that trading the spread...

Ftse beater, my main point is that Joe is claiming that with spreads you get much reduced risk with the same level of profit potential, which is wrong and misleading. You get reduced risk with a proportionate reduction in profit potential. In other words you are taking a smaller trade, which is...

Joe, in the article, above, you state one of the advantages of spread trading is the increased return on margin: "UNDERSTANDING ADVANTAGES In August, the margin to trade an outright futures position in soybeans is $1,050, whereas an intramarket spread trade in soybeans requires only $250, or...

Alan, I think it would be helpful to consider what being a big winner in the markets means to you. If you are having a problem allowing yourself the profits your strategy is offering you then I think you have some unconscious conflict with being successful as a trader. A lot of people believe...

Ok ok, I realised as soon as I hit the send button that this promotion was a mistake. It is probably a load of rubbish (I getting a copy to review and will give my opinion). One of my list members has told me that this guy has promoted a number of systems including a horse racing one, which...

Hi Morris, 2.5 points average profit is good or bad depending on the frequency of trading. I knew floor traders that traded 3-4000 contracts a day, for them a small fraction of a point average was good. But even if you were trading just once a day and making an average £25, that is £125 a...

It all depends on your level of trading activity, I am far more accurate in anticipating the direction of the market in the very short term and hence trade very actively, with tight stops. Such an approach would get crucified in the spread betting arena.

I received an email from a trader asking for advice on where to place stops. There are two approaches to determining where to place stops: 1.Have a predetermined limit for the maximum amount you are willing to lose for each trade and place your stop appropriately. So if you are willing to...

New article here: http://www.themasteryoftrading.com/Articles/Articles_Main.htm

Thanks BankBuster... Naz, I agree that to be able to see what the market makers are doing adds a very valuable extra dimension. With futures there are no market makers, there are large and small players and it would be very interesting to see what the large players are doing, but that info is...

I have just written an article on reading the Depth Of Market and published it on my web site. You can read it and all my other articles by going to: http://www.themasteryoftrading.com/articles/articles_main.htm Malcolm Robinson

Options, I look forward to meeting you on Thursday. The depth of market is not a very useful indicator of strength or weakness as the orders above and below the market are intentions, rather than actual trades. Any of these oders could disappear before the market reaches them and many traders...

TraderPattern I said:"Although the strategy that I outline in my presentation is a chart based one, I would not call myself a chart based trader". I did not say that I trade this strategy, though it is based on elements of my trading approach. My trading is too instinctive to be put in a rigid...

Hi TraderPattern, My strategy is not based on Larry Williams, it is though a chart based approach. Futures have depth of market, which is similar to Level2. Although the strategy that I outline in my presentation is a chart based one, I would not call myself a chart based trader. I developed...

How to Make Money Trading Financial Futures A Free Evening Presentation on January 24th 2002 In the presentation I am going to outline the steps to take to develop from a novice to a consistently profitable trader. I will start by discussing the three most common errors that novice traders...