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MightyMouse

Market Wizard
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Everything posted by MightyMouse

  1. MightyMouse
    Is everyone ready for $80 oil?
  2. MightyMouse
    Enter small in a volatile market but get big as soon as possible if the trade is moving in the right direction. Getting big right away just because volatility is high increases your risk of ruin. Starting out with a large position when there is high volatility doesn't make sense to me unless we are only talking about winning trades.
  3. MightyMouse
    It's a pump and dump. In a pump and dump the perception is that there is too much demand to go lower, so the gold market will go higher to deal with the perceived demand. Demand can be weak shorts who are not committed to the downside and will cover quickly with a small gain or loss, providing favorable entry to other more committed shorts. And/Or, it could be weak longs trying to catch a bottom, but who will also sell against their own position by scaling out as the gold market moves higher. Weak Longs have stops at breakeven and or just below the lows. The stops will eventually provide liquidity for highly capitalized, committed shorts. A description of weak only pertains to the traders commitment to a particular direction, and not his ability to trade. It is possible to be a good trader who is a weak long or short. Conversely, it is possible to be a bad trader who is very committed to a direction.
  4. MightyMouse
    I think he meant board instead of boat. But, I think you can use either in the original post and the message will be the same.
  5. MightyMouse
    You earn x% trading. If x% is greater than anything you can earn elsewhere, then you trade. if x% is < 0, then you don't trade. It makes no difference whatsoever what funds, money managers, other traders, or the market does.
  6. MightyMouse
    It's great and better for some and the same or worse for others. It never feels the same.
  7. MightyMouse
    Until now, I would never have considered one's underwear as an important factor. Thank you for offering a the fresh perspective.
  8. MightyMouse
    Keep holding the long term etfs. You are making money. Why do you want to change that?
  9. MightyMouse
    The past, the present, and the future all walk into a bar. It was too tense for some.
  10. MightyMouse
    filter it for lot size. if you are trading emini s&p, you will never make much sense of the raw data. other than the above ask or below bid trades.
  11. MightyMouse
    The market is fair. Sometimes you get to enjoy a bounty and sometimes you get held down over a barrel and get relentlessly taken advantage of. Most traders, though, are traumatized by the latter and have difficulty with the future. Few traders learn that the boning you get is only figurative. The market doesn't only take money from you.
  12. MightyMouse
    Usually the room operator is simming as are most or all of the other traders in the room. Your fears, therefore, are unfounded.
  13. MightyMouse
    MP was a volume estimation tool which was useful back when trading volume was delayed. It is still a useful tool on instruments where aggregate volume is not being reported. With MP I remove the daily boundaries and treat a balance area that extends for multiple days/weeks as one balance area. It gives me a much better perspective without the limitations of a daily MP. You will see balance areas and areas that were not balance. The non balance areas I left as exactly that; an area on non balanced traded 1. As above a daily VAL or VAH could really be nothing more than just a rotation in a larger balance area and one shouldn't make much of it , meaning i would expect price to continue to the larger extreme rather than to rotate back through or to the daily POC. The VAL or VAH of the larger balance area has far more significance. In either case, you will need other tools to help you determine if you should fade or not. For example, to break from a large VAL, you need a tremendous amount of volume; otherwise, you might just expect price to rotate back upwards. However, you cannot use volume alone to make such a determination. 2. I do not use POCs as targets. You need other tools to determine where price might stop to maximize your profit. A POC could be merely a circumstance of an area where buyers and sellers disagreed on price direction for a long time. 3, That is exactly what happens all the time. First, you want to determine direction. Second, you want to determine if there is continuation. You need to use t&s, dom, time, delta, price, and volume as tools if you are trading short term.
  14. MightyMouse
    Not until unemployment approaches 6.5% If that target hasn't changed, then no taper. The US is still at 7%
  15. MightyMouse
    Every bad trade has me calling His name. So I must be christian. I also call the name of the guy who performs intercourse with a child bearer
  16. MightyMouse
    Apparently Mits, Mystic, and I are the only Christians with xmas spirit on the site.
  17. MightyMouse
    And don't forget the old favorite... I saw Mommy kissing Steidlmayer
  18. MightyMouse
    on the 9th day of xmas the market gave to me 9 sleepless nights on the 10th day of xmas the market gave to me 10 ticks of slippage
  19. MightyMouse
    On the 6th day of xmas the market gave to me six lagging indicators, On the seventh day of xmas the market gave to me 7 vendors vending
  20. MightyMouse
    On the 4th day of Christmas the market gave to me, 4 margin calls, a tight range,no opportunity, 2 lousy ticks, and a sell signal in bear trap.
  21. MightyMouse
    On the first day of Christmas the market gave to me, a sell signal in a bear trap. On the second day of Christmas the market gave to me, 2 lousy ticks and a sell signal in bear trap. On the third day... Tis the season. Everyone please add a verse. Let the creativity flow.
  22. MightyMouse
    A trader takes money from other traders. It helps to have had experience gaining money from others before someone delves into trading. A person can learn a lot about trading by learning how to buy a car (or any other object) and sell it at a profit. He'll learn how to buy from people needing to sell and sell to people who need to buy. He'll also learn how to cut his losses when he made a mistake and be patient when he knows he is right. Those same skills will help a trader identify when a market is underpriced or overpriced so that he can buy low and sell high or the reverse. The rest is simple. Create or use the available tools and techniques for risk management and market entry and exit and go to work buying or selling. I think learning how to trade in the markets is suicide or you will waste a whole lot of time.
  23. MightyMouse
    Hi Maria. Start by reading the threads in the beginner section and then move onto other threads. There are lots of techniques and comments by people who where on the same path as you. You'll gain valuable insight. Through your journey, hopefully, you will learn how to not be scammed by a lot of the predatory vendors that trap new and seasoned traders alike. Read before you spend more money.
  24. MightyMouse
    My favorite, pour salt in the wound, phrase while I am pridefully scooping in a pot in the poker room at Foxwoods is "Poker lessons cost money". I was victimized by the phrase at one time too.
  25. MightyMouse
    There are lots of teachers in the forex markets. Trading lessons cost money. No way around that. Good Luck
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