Recent content by Shanghai

No, I'm much more timid than that. The key is to differentiate between a washout of the lows, and hence the stops, and a falling market. I don't even try to tell the difference. Once the lows of the previous day(s) have been washed out I will wait for a rally, to show that this was just a...

It baffles me that people can't even comprehend that it is the market that hunts out stops. I guess that blaming the SB companies makes it easier to accept somehow. The market is just a big machine that goes around hoovering up orders and if a lot of stop orders are placed in the same area...

That's the great thing about trading. If both those traders were good and had their risk management sorted out then they could both have made money on the same market by taking different directions. On the other hand if they both used spanish stops and didn't understand risk management then...

Price action is key for any strategy IMO. Know exactly what your entry trigger will be once your setup is in place. For example washouts of lows and false upside breakouts are very powerful and will stop weak holders out.* *Then of course they will post on internet forums saying how their...

Depends which markets you are looking at but www.digitallook.com was always good for UK shares when I was using it a few years ago.

TonyQ, what you are missing is that if IG were manipulating their prices away from the market prices to stop you out deliberately this would offer wonderful chances for arbitrage for a trader to make a lot of money with both direct access and a spreadbetting account, by taking advantage of the...

Re: Does anyone have any experience executing automatic orders wit after market data Yes its perfectly possible to trade whilst having a full time job. Just don't attempt to day trade. You will need to be looking at longer term trades so your primary charts will probably be daily and weekly...

I make what most people would enough money for a decent standard of living from the markets. This usually equates to 30-60% return on capital per year. However I also have a full time job. I work mainly because I like the job, it takes me all over the World and pays me far more than I am...

How do you know what traders on here are actually making? It is an internet forum after all. Isn't it similar to the sex formula, ie aren't you meant to divide a males figure of the number of women he says he has slept with by 3 to get the true answer or something like that?

Not sure that these results are that representative. You say the portfolio went up by 35% over the year but from June 1st 2010 to June 1st 2011 the S&P went up by 23% in any case. Despite the good overall market still 32 of of 60 stocks lost money. Looks to me that the results are a...

I print out charts of trades whereI screwed up and put them on my wall so I don't make the same mistakes again. Not quite memorization but certainly things that I don't want to forget.

Joe, people on here are being quite helpful but you really don't seem to get it. The SB companie are not focussed on your stops. In fact I wish they would manipulate prices away from the market prices as that would give great opportunities for arbitrage. Many people come on this forum and say...

Yep its all my fault I admit it! Some people don't like using stops but before you enter every trade you need to know what you expect to see from the trade and if it doesn't materialise then you need to know when you will get out and at what level. If you always know this you will be ahead of...

You should change your reference to "SB companies" to say that the "market" deliberately takes out stops. That's what the market is designed to do. And where your stops are then likely 100's of other market participants all have their stops. Its not the SB companies fault. My entire strategy...

100% wrong. If you have achieved 7 wins in 7 days then it is time to go out and invest most of the winnings in beer and women on day 8.