Recent content by danielion

Greetings vleon, Just wanted to take the time to thank you for your thread, it's excellent. I know what you mean about psychology and how it affects the outcome of a good call. At the end of 2007 I made 3000 on 15000. But I'm down to 12000 in 2008. Alway's remember that anything can...

Hi Mr. Charts, Thanks for the transparency and the great posts. Hey, earlier in the thread you mentioned that slippage is rare. I have never encountered more than about a 5 cent slip on my sell/buy stop for a stock like goldcorp. But I am concerned about what could happen. Could I see a 50...

just started trying forex myself. shorted the USD at 1.295. I think the USD is going to weaken in the year ahead so I'll probably short it next time it has a rally. I'd be careful about investing in the USD right now.

Elefteros, yeah, I see with 1/1 a person could get hurt in the long run without an edge. My intent was just to point out that perhaps an edge giving you 52% or 53% profitable trades would be all it takes to break even. This in order to gain some perspective. If you could give me some...

Even if I don't get in at the market offer but place a bid instead? What about slippage? Do you think it is better to place stop limit order's rather than stops?

Interacive Brokers, hundred shares of any stock. I think if you do it unbundled it could even be less than that, espectially on the NYSE. For Canadian stocks you don't need the minimum in order to daytrade.

I'm only thinking about adding liquidity to the market. Then setting a buy/sell stop equidistance from your profit taking point. Maybe for goldcorp it would work something like entry 26 dollars, exit either 25.50 or 26.50. Then I don't see how the bid/ask spread will affect you here. But I...

That is, as a worst case scenario. So if you're losing money like I have you're doing poorer than you would blindfolded. I made money last year then I lost twice as much this year. But largely because I believed in a principle (gold will go to 2000), and tried to hold stocks long term, only...

I completely agree. I now trade very small lot sizes while learning how the process works. Find out if you are able to make $10 or $20 dollars a day consistently. If you are able, then you can build on this. If you are not able to be consistent then don't even bother dreaming about making...