Not sure I got those points, would be really grateful if you could expand those for me 🙂
Dax in the Evening
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Not sure I got those points, would be really grateful if you could expand those for me 🙂
Oscar Reed
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2. Average up. If you average down and don’t average up you will always have your greatest size on losers and smallest size on winners (This happens to me).
Add to your winning trades so you getting more bang for your buck when it keeps moving in your favour.
I find it easier with shares, never had any joy doing this with index markets. only seem to add to loosing trades on index markets
3. Create outliers. Never cap any time period p/l because doing so will mean you will never have an outlier.
Don't get bogged down on one time frame, you might be missing a possible bigger move on another time frame.
I go weekly, daily, one hour, 15 mins, 5mins, 1 min and tick
If scalping, realize the baloney vs. the filet and that you only have so much mental capacity.
Same getting held down on small time frames which are labour intensive, some times it easier to put trades on and walk away, I used to do 50 plus trades a day on the DAX from the 1 min and tick. Sent me a bit mad now I look at less trades with more movement, still do the odd big number of trades days but not every day.
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tar
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I agree scalping is labour intensive , but its a totally different game , its for pros trading DMA .
The whole point of scalping is to trade bigger size lots while keeping draw down to a minimum - hence the tight sl - , and to achieve much bigger upside potential .
Scalping doesn't necessarily mean to take profit after 2 pips and it certainly doesn't necessarily mean you have to take 50 trades a day , you can scalp and make 10 trades a month no more .
The whole point of scalping is to trade bigger size lots while keeping draw down to a minimum - hence the tight sl - , and to achieve much bigger upside potential .
Scalping doesn't necessarily mean to take profit after 2 pips and it certainly doesn't necessarily mean you have to take 50 trades a day , you can scalp and make 10 trades a month no more .
That's a good post Oscar - is this your own thoughts?...a lot of this only comes from hard experience but it reflects my own thinking. Its one of the reasons I only stick to one or two markets as to distil all that and be effective in a multitude of markets is very difficult imho - also builds confidence factor. Keeping costs (spread) down is another important consideration in choosing your market in the early days at least.
tar
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Oscar Reed
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Hi Swissy
Not written by me, but felt there was some good points.
I focus mainly on two markets ASX and DAX very different market's.
With some more investment style in other market's share,FX,etc
Oscar Reed
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Oscar Reed
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Oscar Reed
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Very good interview
tar
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This kid will blow up , risky options trading plus no evidence to back up her claims , there are a few threads about her in ET .
Oscar Reed
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Sounds like she has been going a few years.
No very little about options.
Sounds real but you never know.
http://www.trade2win.com/boards/futures-options/166840-karen-supertrader-story-legit.html
Oscar Reed
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Not sure what I've just watched. Not like diseases come with age only... Besides, I really doubt our civilization is socially and psychologically ready for such immortality. It's my firm belief that the day we stop aging, we start killing each other twice faster than we do now.
EDIT: I'm talking, of course, about the dude claiming to stop aging.
EDIT: I'm talking, of course, about the dude claiming to stop aging.
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tar
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I know of her for a couple of years now didnt see any proof to back up claims . Her trading style reminds me of LTCM which we all know how did it end !
Oscar Reed
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Market watching key levels
U can do it ASX come on son do it, break lower U know U want to.
The talk on the trading floors this morning centres on the limited moves in markets, although some will welcome this – notably the Fed who have had a hand in creating these conditions.
The fact that S&P 500 managed an eight handle range and the Dow Jones index traded in a 70 point range testament to lack of immediate catalysts. In fact, the range in the Dow equalled the lowest this year, with poor volume.
There may be life in these markets yet, but that will require the S&P 500 to break above the April downtrend at 2069, or close below the index floor at 2040. A break of these levels will promote moves in other developed markets and if we look at either the ASX 200 cash or SPI futures (June) we can see both markets very comfortable in a 5300 to 5400 range. AUD/USD needs a close below key support at $0.7210 for $0.7000 to come into play, while there is a large focus on EUR/USD requiring a closing break of strong support at $1.1210, which would have all sorts of ramifications for markets given the USD is at the epi-centre of all markets.
If we are talking levels, then watch the US two-year treasury, which at 90 basis points has its eyes on a potential move into the March highs of 100 basis points. That would be an outright USD positive and would represent a tightening of financial conditions. Some focus has also been on the US yield curve (2’s vs 10’s) moving to the flattest levels since 2008 overnight at 93 basis points. Some will say the bond market is flagging a recession is coming, presumably based on a policy mistake from the Fed. I would caution on this view and feel this is more a reflection of investors within countries with high savings rates searching out yield.
Our call today is for a modestly stronger open of 5325 (+0.1%) for the local market, and despite iron ore (and any other commodity traded on the Shanghai commodity exchange) getting hit by over 6%, BHP looks set for an open 1.5% higher. Further falls in iron and rebar futures can’t be ruled out as the trend is firmly lower and generally Chinese traders will act on the underlying trend in the market. Total stockpiles at ports having pushed back above 100 million tons has been a key reason behind the moves, although the inventory levels at small- and medium-sized mills actually fell last week. Still, this is one to keep an eye on and one would expect another day of strong volatility in these key commodities should push AUD/USD through $0.7210 and through the figure. The USD is the dominant driver of the pair though and it’s worth highlighting that the fed funds future market has now priced in not just a full hike this year, but a 25% chance of a second rate hike from the Fed.
While markets may be flat for now, the saying goes ‘never short a dull market’. We live in interesting times and while sentiment is undoubtedly bearish (just going off my Twitter feed), price is delicately poised and could go either way. Let price guide.
U can do it ASX come on son do it, break lower U know U want to.
The talk on the trading floors this morning centres on the limited moves in markets, although some will welcome this – notably the Fed who have had a hand in creating these conditions.
The fact that S&P 500 managed an eight handle range and the Dow Jones index traded in a 70 point range testament to lack of immediate catalysts. In fact, the range in the Dow equalled the lowest this year, with poor volume.
There may be life in these markets yet, but that will require the S&P 500 to break above the April downtrend at 2069, or close below the index floor at 2040. A break of these levels will promote moves in other developed markets and if we look at either the ASX 200 cash or SPI futures (June) we can see both markets very comfortable in a 5300 to 5400 range. AUD/USD needs a close below key support at $0.7210 for $0.7000 to come into play, while there is a large focus on EUR/USD requiring a closing break of strong support at $1.1210, which would have all sorts of ramifications for markets given the USD is at the epi-centre of all markets.
If we are talking levels, then watch the US two-year treasury, which at 90 basis points has its eyes on a potential move into the March highs of 100 basis points. That would be an outright USD positive and would represent a tightening of financial conditions. Some focus has also been on the US yield curve (2’s vs 10’s) moving to the flattest levels since 2008 overnight at 93 basis points. Some will say the bond market is flagging a recession is coming, presumably based on a policy mistake from the Fed. I would caution on this view and feel this is more a reflection of investors within countries with high savings rates searching out yield.
Our call today is for a modestly stronger open of 5325 (+0.1%) for the local market, and despite iron ore (and any other commodity traded on the Shanghai commodity exchange) getting hit by over 6%, BHP looks set for an open 1.5% higher. Further falls in iron and rebar futures can’t be ruled out as the trend is firmly lower and generally Chinese traders will act on the underlying trend in the market. Total stockpiles at ports having pushed back above 100 million tons has been a key reason behind the moves, although the inventory levels at small- and medium-sized mills actually fell last week. Still, this is one to keep an eye on and one would expect another day of strong volatility in these key commodities should push AUD/USD through $0.7210 and through the figure. The USD is the dominant driver of the pair though and it’s worth highlighting that the fed funds future market has now priced in not just a full hike this year, but a 25% chance of a second rate hike from the Fed.
While markets may be flat for now, the saying goes ‘never short a dull market’. We live in interesting times and while sentiment is undoubtedly bearish (just going off my Twitter feed), price is delicately poised and could go either way. Let price guide.
Is that so? Why would the Fed do this? I can't figure out what's their interest in it...
counter_violent
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A nice coordinated turn in global markets at the UK open. Shorters beware, this has potential to fly higher.
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