Recent content by Ponce

After reading the first 2 posts,the question of fund collapse is silly.

The statement of failure rate of traders is overused ,and never qualified.Defining why you are trading,what is your concept of success,and are you willing to learn how to " trade" without indicators,alert services,etc... must be fully understood,and answered.The correct answer is not...

Anna , I will assume you do not work for the site you mention.In the above post,some glaring statements stand out that are impossible to hold on to,and trade consistently green.I will not say anymore unless you want to hear it.

Sorry Anna, No offense was meant,but I beg to differ.Turn on CNBC any time.The experts that pump that show use this logic. In 5 years you will be happy you bought such and such,the fundamentals are too good,valuation is so cheap.Even the Fast Money crew which Is entertaining make the worst...

Simple question, What do you have control of in a trade? The probability of 40% winners is not unreasonable.A w/l of 5 is modest.I still find it hard to understand why most make it so hard.Since trading full time,the traders I know are very pleased with 30% win rate,and 4 w/l,I doubt there are...

Trading this strategy gives higher than 40% probability,and a w/l over 4. 1.0 math is Godzilla elite trader status,and you are right in your premise.Dont give up on it yet.

You are correct in your premise.Now make a tweak or two and you are set.First,take time out of your charts.A range chart,with HA candles.If you are a ES fan,experiment with pts per candle.I would start with 1 ES point per candle. If you can dump the OHLC and convert to candlesticks it will make...

Dont waste your time and money.Flags,pennants,breakouts,etc... Let me ask you ,what are you looking to trade? S/R are fine,any indicator should be dumped,usually it will cause you to hesitate the entry,and exit premature. Taking time off the chart will make it clear.Impulsive price action-which...

Anna, If your analyst-guru-teacher has not made knowing your math expectancy the #1 priority,I can say without hesitation,do not donate to the market,or the site you trade on.Anyone claiming to teach trading and not starting with w/l,and probability likely knows enough to market ideas,but cant...

Sorry for the lack of clarity, From my experience,when stating that I trade for a living,those are the common responses I hear from most,and in that order.Skeptical,curious,excited,envious,then the final,"will you do for me ,what Im not willing to do?" I now am "looking for work",suddenly...

Agreed, Possibility of trading for a living Yes.Potential for huge reward,and unlimited freedom,Yes.Hard to accomplish,No.Does everyone have the innate potential to trade as such.Yes if they are part of the human race,with a human nature.Basic human skills assumed.

I trade from a Sony laptop,IB broker,QT charts,and anywhere with dependable WIFI.A simple bracket trade via booktrader limits risk should WIFI fail or anything else.When remote,I rarely trade long.The risk of bids drying up and trapping me is not for me.Godzilla could come out of...

My apologies, The EOD charts would offer trades for the following day,looking over EOD charts and seeing where goods trades were is a bad habit.My intent is to show that just because tomorrow isnt here,a place to look for opportunities to trade are obvious ahead of time.

Excellent, Money management amplifies good trading ,minimizes poor trading. With an effective technique to extract from a market,trading is easy period! Take all indicators off your charts,I personally dont factor time into my ability to withdraw,so I prefer a range chart. One thing for sure,the...

Felix, With 10k in capital,you have more than enough to trade for the rest of your life.Keep burn rate of living expenses to a minimum.Put this in your daily viewing Random Equity Curve Simulator of a trading system. Learn it before you trade That is the foundation of trading,calculate math any...