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- miketoll replied Oct 2, 2013
Sorry, but this is fundamentally wrong, unless you consider every transaction as a zero-sum game (see above). Is producing a car & selling it a zero sum game?
- miketoll replied Oct 2, 2013
A tight stop would have settled the problem... It's just another example how much easier stocks are to trade. You could have profitet increadibly by the rise and limited the risk by a tight stop. Too bad, it's simply not too common in stocks to ...
- miketoll replied Sep 27, 2013
Thanks guys. But are we talking about drops like 20-30%, or total losses/100% drops? To this date, I couldnt find a stock that had fallen so fast that you weren't able to sell it at least for 40-50% loss. Even in specific stocks after 9-11 or ...
- miketoll replied Jan 7, 2011
Thank you eurotrash. No i didn't read any of them, but will do now. MrGreen recommended to read Markets & Market Logic before T&E, not after. You recommended to switch the order!?
- miketoll replied Jan 7, 2011
thank you sooo much Adal. I though there was a term for it. I did my best to describe it Any other opinions?
- miketoll replied Oct 1, 2010
Alright, thanks guys, I now understand that there is probably so much liquidity and that there're prolly always people that are going for very short profits, so that there're sell orders at all price levels. However even with this high liquidity i ...
- miketoll replied Sep 30, 2010
Let me actually clear this on a realistic example: Let's say we have an pullback after the break of a strong resistance. Now, everyone throws his buy orders on the market (buyers want to get more shares, sellers want to get out of there short ...
- miketoll replied Sep 30, 2010
i wanted to put an extreme. Let's say we have an increadibly obvious support and price rises after hitting that support. Why does price rise? I mean if we assume that let's say 75% of the people will go long, then i do only have 25% people that are ...
- miketoll replied Sep 6, 2007
Hey Kris, you're again below you're stats in April. Ever thought about keeping a decent journey, where you can evaluate what you did wrong? I'm dead sure that you could find something which will improve your results, like trailing or sth. But a ...
- miketoll replied Aug 15, 2007
I really enjoy reading those posts, but i have to disappoint you. Although you think that you'll be able to crack the charts via candlestick and s/r, and even maybe indicators o.O in a few weeks, you'll discover very soon that candlesticks are not ...
- miketoll replied Aug 10, 2007
Figured it out by translating a russian text, which was discussing the problem. For anyone who'll encounter this problem: Make sure to have enough space (can be up to several gigabyte). If this is not solving your problem, check whether your system ...
- miketoll replied Aug 8, 2007
Another question: How do i know, or how can i program, that an order which gets opened at a specific day gets closed on the same day? The problem is, that you don't know when the day is over, or if the current tick already the last tick is. Looking ...
- miketoll replied Aug 7, 2007
Hanover got it, unless you proof that you're system is working over years on live trading, the goals you set is just hope and dreams. I can't remember who said that, but you can compare these results with a coin. Normally you wouldn't assume that ...
- miketoll replied Aug 7, 2007
Thanks mik, very helpful!
- miketoll replied Aug 6, 2007
Of course, he did. But his main statement was: And that's simply wrong. Jesse Livermore was more a trend follower and just enlighted trading from this perspective. But there're many ways to wealth and just as an example a short term trader, would ...
- miketoll replied Aug 6, 2007
MrGreen, please don't just post a quote.. There're dozens of books out there which have pseudo wisdoms inherent. I don't want to offend you nor criticize the book, but a "wise" sentence is swiftly said, but grasping the truth is another thing. If i ...
- miketoll replied Aug 6, 2007
It depends on the methodology you have. Example: A trendfollower would give the trade much more room, a short term trader, who's normally out after 1/2/3 bars, realizes his loss sometimes after the first move against him (he thinks, either the ...
- miketoll replied Aug 6, 2007
Yes but the broker spread is the difference between ask and bid price. And in my example above i didn't change the ask price to bid price. So i should have the same results, right? edit: Would somebody that kind to change the code in a way that, ...
- miketoll replied Jul 28, 2007
Forget indicators, price is the only truth. Price incorporates all peoples' reaction to information and news, which finally leads to the true price in the market. And what do you want more than the true price?
- miketoll replied Jul 27, 2007
Just a matter of definition — I don't know whether this is only my opinion, but i think that most are too fixed on terms. What is position, swing, day-trading? As you describe it the main difference is the timeframe. In my opinion this is ...