Recent content by rs1

Good call so far, Silver looks like it might be a bit more attractive than Gold and offer more bang for the buck. Still looking for a break of the previous recent highs though. Are you trading the futures only or do you get involved in stocks and ETFs too?

Interesting. Do you just trade currencies?

Hope it hasn't been done already - "If you don't bet, you can't win. If you lose all your chips you can't bet" Larry Hite. Can be applied to life in general as well as trading.

Yeah, I know, Sugar is not a market I trade though, so not much help to me, unfortunately.

One book I always found interesting and containing some useful ideas is the free e-book "Phantom of the Pits". You can google it and get the link. I think there is a lot of sense in what he says with regards to trading and the general principles are sound, although I wouldn't necessarily...

I guess it depends on how you read the charts, but you could have a breakout of a wedge/ triangle formation occurring right now, if it closes up around here. It's all in the interpretation, I think.

Seeing this move right now as well. A little surprising given how equities and oil still heading down, but it does look like this move could be a big one. Especially as it is a seasonally strong time for Gold as well. Will be interesting to see what happens.

Do you mind telling us who these profitable traders are so we can sift out all the nonsense and head straight for their posts?

My advice would be to hope for the best but plan for the worst. Don't burn any bridges and keep doors open so that if you try it for a year and it doesn't work out then you can still get back on the career ladder. I think you would need at least one year's worth of living expenses covered...

This can be a tough one. I have my rules and pretty much follow them consistently, but it does involve alot of self control when watching the movements of the markets during the day. So I do follow my rules but try and make it easier on myself by not having my P+L on the screen all the time...

Ok, fair enough. But setups aren't always indicator based, mine aren't.

Not sure why but it seems like there is a bias on here towards the one market approach. My approach has always been to have one setup applied to various diversified markets. I don't think the setups get efficient marketed out, but you can get periods of nasty drawdown, like the last three...

Anyone else found August to be a bit of a tricky month as far as swing trading on a trend following basis goes? It seems like every time I jump on a nice looking trend it reverses pretty quickly. It is to be expected on occasion I guess, but this month seems to have been particularly wacky. I...

And it's already been taken down, it was only there for three days, it looks like. Hope some of you caught it.

This is now available on Youtube - just search for Paul Tudor Jones. I don't know if anyone has seen this but it is a very interesting look at Paul Tudor Jones - his life and his trading - back in the 80s. Well worth a look. Check it out.