Recent content by VielGeld

  1. VielGeld

    Question about Support & Resistance

    S&R are points where price will bounce off or have a hard time going through. They're also significant levels of interest to traders, so worth keeping an eye on. They're also good for timing trades - if you want to buy, then you're looking for a good support level to time your entry. The...
  2. VielGeld

    S&P 500 cash weekly competition for 2015 with PRIZES!

    Almost didn't make it. 2099. *Whew*
  3. VielGeld

    Your grand plan and finances

    Posts about Capitalism have been moved here. Carry on.
  4. VielGeld

    Capitalism

    If the discussion on Capitalism is clogging up this thread, I can move the relevant posts elsewhere.
  5. VielGeld

    Drugs - the solution

    Never! :lol: I've tried my share of weaker stuff. It never goes well. I seem to have an adverse reaction to these things. Even alcohol has left me feeling not too well lately even after just 2 beers. But that's just my case.
  6. VielGeld

    Drugs - the solution

    I'm ok with legalizing weaker drugs such as Marijuana for recreational use. That one's harmless. I'm less ok with legalizing more potent and harmful drugs such as heroin. I recall seeing a toxicity chart that ranked drugs and heroin was right at the top. Given you regulate these, how do you...
  7. VielGeld

    How do you guys decide your stops/limits?

    I'm currently doing the S&P500 and Brent Crude. The only tools at my disposal are naked charts and my assessment of levels I find significant. The "hunch" comes in because trading is an inexact science as mentioned, so I let experience guide me on some things. Tbh, my strategy is dead simple...
  8. VielGeld

    How do you guys decide your stops/limits?

    Once you have a defined idea of what your trading strategy is and what you're looking for in each trade, you can be very specific about your expectations of the trade. My best trades often have very little to no adverse movement. So what I do is set my SL a bit below a significant adverse level...
  9. VielGeld

    S&P 500 cash weekly competition for 2015 with PRIZES!

    Well done to ibetyou. Leave some for us, eh? :p I'll console myself with being correct in a way -- my level was hit after all and that, to me, signals more highs. On that, 2121 again, please.
  10. VielGeld

    If You Had To Live on $4000, How Would You Trade It?

    Well, all that said, $4k is more than plenty if you're just trading on the side. You can set yourself the goal of breaking even for the year. Just that would be good.
  11. VielGeld

    If You Had To Live on $4000, How Would You Trade It?

    It's unfortunately the most productive answer. Even so, I'm Canadian as well; I get you on the **** job market right now. But as Tomorton said, a job takes some stress off trading and keeps you going if you hit a bad spot. It doesn't even need to be full-time. You can maybe work 20h/week...
  12. VielGeld

    If You Had To Live on $4000, How Would You Trade It?

    Get a job. Trading cannot match the security of a steady paycheck at your account size.
  13. VielGeld

    Statistics question

    Been a long while since I've studied statistics, but I'd wager the formula in the OP is for the 55th trade and not the subsequent ones. For each subsequent trade, you should see a slightly lower % until lim > 0.
  14. VielGeld

    S&P 500 cash weekly competition for 2015 with PRIZES!

    2121. I can see it going for a previous monthly high by the end of this week.
  15. VielGeld

    Can a trader succeed if he doesn't Short sell

    There is literally nothing wrong with short-selling. This stance is derived from misinformation and superstition. If anything, the opposite it true; short-selling is beneficial to markets. Go and short-sell to your heart's content.