Recent content by RogerTheTrader

The vested interest is in their audience. If you understand the audience, then you'll understand how they chat. The audience is predominantly going to buy stocks, ETF's, or mutual funds. The time frame of the investor is in years. So their success is predicated on a bull market. Listen how...

Authors to look for: Dr. Alexander Elder Jesse Livermore Phil Town Any of the "New Market Wizard" books. I'm shamefully a bit tardy on my own reading. I need to get a few more titles under my belt. I've found a lot online, surfing various sites. Welcome to Investopedia.com - Your Source...

Chorlton, A high probability trade is a spread trade that is set very wide from the current price. I don't know if you can trade a type of spread trade in UK markets - selling an option or derivative and buying one of a different strike or price - or what instrument you could trade that is...

I don't know how it is in GB, but to be a broker in the US teaches you very little about trading. They are sales people. They accumulate clients, pitch them the firm's "Pick of the Week." Then, look to move them into something else down the road - generating a commission. I had a friend that...

I'm not sure what the answer is to your question. But I would suggest using the same capital per trade. One danger of day-trading is losing on one trade and increasing stake on the next. You can blow a crater in your account quicker than you can say, BLIMEY! Having daily targets and loss...

Full-Time? Steve, I dabbled in stocks for about 9 years, then jumped into an advanced trading education plan. Over the next year and half, I traded off and on with mixed results. Then, I found myself without a job and little prospects for finding one due to my patchwork resume and my age...

Thanks for the input, nine... Just what I was looking for. Especially the answers to #1 and #2. I'll find the instrument, looking for high liquidity and tight spreads. I haven't traded currencies and/or futures. I'll stick with options and stocks for the moment. That's a challenge in this...

Quick with the reply... and thanks. I'm following most of what you're saying, and I totally agree, volatility is really a necessity of day-trading. No sense putting up a stake and then watching it go nowhere. The $RUT, though, I found to be very dicey to day-trade. Lots of wild fluctuations...

Fine post, Teddy. I'd like a little feedback on some challenges and questions I have regarding day-trading. 1) PRESET TARGET: If I was seting a predetermined profit target on the trade, for example, 5%. I could reasonably achieve that on most trades. However, I'd have one trade that would be...

US markets had a similar Friday. Open a tough up, gradual slide all day, huge rally in the last 45 minutes. The DOW rallied due to news that Ambac might be bailed out. Financials led the way. Another emotional response. If you were on the right side of each move in the day, cheers! I used to...

And did he have his handcuff size embroidered on his frock?

I completely concur. My mantra is: Become a great trader. The money will follow. Master the art and science of trading. Begin with yourself. Know the type of person you are. Establish risk management rules. Then, go find an instrument to trade. I've heard that 60% of traders will lose money...

I'm proud to tell people I'm a trader. I live in Las Vegas, NV. I know what gambling is all about. I came up with a dice strategy that was paying my rent last year for a couple months. But I also know that high probability risk taking in the stock market pays my bills. The most frequent...

Great attachment. Excellent comments regarding balance, too.

Events are a toss of the coin... good rule. No stop loss... hmmmm... I am doing less and less directional trading, but flying without a net exposes you to a lot of risk. I question your comment above "but it will come back up and let me come out at B/E or a small loss." How do you know it...