Recent content by bfirth

this is turning into very interesting thread, If you are thinking of managing OPM(Other Peoples Money) try reading the book "Pit Bull Lessons from wall Street's Champion day trader" By Buzzy Schwarts, its a fun read and put me off even thinking about managing OPM big time. Personally I'm a...

seems to be a problem with the statement, I can't view it. Not to knock you, but 2 months and 42% is not going to impress any savvy investor, like you say you may have just hit a lucky run, I've had accounts that I have made over 100% in a few week, its the longer term that is important. If...

I've promised a hospital that I will do a bunch of heart transplants next week, the pay is great, but I've never done any surgery or been to medical school, anyone know where I can learn to do the transplant's by next week? I can only manage about an hour a night, so it has to be a quick...

Re: The final Holy Grail! No Stops = No system Spanish stops can be used successfully, but only if you are, for instance the US FED, as you can keep doubling down as long as you want, and have the clout to push the market. Thanks for the laugh OP

they are great questions, just not great questions for traders, more questions for a psychic, or time machine owners. As a trader I never try and work out what a stock is going to do, it makes trading so much simpler.

Great find BSD, the funny thing about a story like that is that allot of people will dislike them, and say," ah but they had this break, or that bit of luck blah blah blah." this bit stood out a MILE to me: "Chris often starts work by 5:30 a.m. and says he puts in about nine hours even on...

:lol: havent laughed so much in ages

ODT, sounds like you are using a spread bet company to look at stock, they are a total waste of time, and Mr charts style wont work on them. Trading US stocks DMA there are so many to chose from, so you only trade stocks with a 1-2 cent spread and good daily range, OK so at the open the...

I have,with not one word of a lie, had people who work full time in an office ask me how long I spend a day trading and tell me, "I wouldn't want to sit at my computer for 8 hours trading, I would only want to do an hour and have the rest of the day off" It has happened a couple of times but it...

my point which may not be particularly helpful is, if you trade 50 paper trades and one live trade which trade do you think will lose? trade everything paper then everything real money but tiny size, this helped me create a balanced viewpoint, the inevitable losses are cancled out by the...

they will go back up, but nothing like the previous speed, and may take 10+ years to reach the same point, but in the uk we just don't have enough good housing and every year you need more. People are very quick to shake their heads and laugh at people getting ruined by their property...

This question has been address again and again, and can be adjusted to suit your risk tolerance, using the ATR as a guide. people confuse systems with underlying factors, mr charts method is not a system and certainly not a system that will suddenly stop working, it is based on human...

hey timsk, My opinion would be that people who go for the easy way ie. "buy this system, do no work ,and get rich" are people physiologically unsuitable to trade. they want others to tell them they can do it when the only person who can do that is themselves. Same for the people giving the...

the funny thing is that if mechanicaldaytrader didn't become hysterical and yell abuse every time someone questioned his system he might sell more. in my experience,i have never in any walk of life, found that skilled people, who are good at what they do ever become annoyed at doubters and...

thanks, I'm always interested in what/how other people use/trade, especially as you have a similar style as me cheers Bry.