rxs0005

great practical wisdom thanks y'all

Dear Fellow Traders all of you by now must have a number one rule that has been ingrained in your DNA so that you do not lose money when you are red / green please do share that rule so all of us can benefit from your wisdom and experience I will start My number 1 Rule is Never Trade before news ( I have been whipsawed several times and it hurts!) I Wait for all the news to be baked in and let the markets show me the direction. thanks

hi can someone suggest a source where we can download a stock's intra-day price by minute or 5 minute time frequency I want to upload it into XL and do some analysis the key is i want this intra-day thanks rxs0005

There is another name for this pattern "Getevenitis" The simple solution to this is : Remember you are not competing with any one Use sell stops and adhere to it The key in this Profession is GET RICH SLOW!! and cautious you can wipe out all your winning streak in one trade Be patient and let winners run cut u r losses FAST there will be other trade opportunities even in the next 5 minutes Analyze your entries and back test them and the most important thing to keep in mind "PROTECT YOUR CAPITAL" if u make 0$ on a day its still a WIN ! hope it helps rxs0005

Why Wall street will humble you into being a better person Brings the worst out of you If you are a warrior you will get up pick up the pieces and move on with wisdom You can apply these lessons in real life whether its relationships work issues physical emtional etc you will know when to cut your losses and move on it brings you close to your EGO daily and you need to defeat it in order to trade well and in the result be a better person on the whole what has happend to me is i have eliminated stress( thanks to sell stops) and i feel more focused discplined in all facets of life can you please share how trading on wall street has affected you other than the monetary aspect thanks

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game (Paperback) ~ Kathy Lien (Author), Boris Schlossberg (Author) A must read for all traders and novice traders

Dear Fellow Traders , I read somewhere a very powerful piece of wisdom that i would like to share with y'all which has certainly helped me improve my score card Take risk when you are in the green or in profitability and take 0 risk when you are in the red stick to your sell stop and cut your losses We all know that when we are in the red we somehow cannot believe it and start to "hope" that it will get back to break even and we take those risks and it will be that wonderful day when the most unimaginable drop happed for that stock we all have been there my Q is I trade based on a fixed target once i hit the price i run and then of course i see it takes off to greater heights and i seem to have left money on the table what is better maximize the profits or hit the targets when it happens do share your opinions and views thanks rxs0005

Hi all, i am in the stage of my trading history where i am Not losing money big time , i would say i have graduated from losing money recklessly by not sticking to my sell stop , being greedy , gambling , being impatient all the bad stuff. I have eliminated all that of course with a cost! and now i am consistently not losing money i am about break even on my trades. I am sure all your seasoned traders have gone through what i am going through my Q is when do i start to make money or rather how do i get into the realm of profitability since i have stopped the bleeding now what do i need to do to get on the green side of the curve from your opinion and experience thanks y'all rxs0005

Hi all can you guys suggest which Moving average crossover is a relevant indicator to open a position in an intraday chart What type of moving average ( Simple / exponential ) and what period is most reliable based on your experience. thanks cheers rxs0005

attached is the chart as u see the red CMF is when the stock is going up ! why would this happen

hi can some one explain Chaikin Money Flow in plain English to me , i use this in my charts and its quite confusing i see red and the stock going up and vice versa also in your view how relevant is this oscillator in terms of accuracy thanks rxs0005

Dear Fellow traders I have a strategy which i use to trade i started with Ver 1.0 and as i traded i modified it for the better -- based on the losses and winners now I am at Ver 12.0!! Ver 12.0 is quite different from Ver 1.0 but the main fundamentals are still the same. Can some one share what version's they are up to and begin see some consistancy in the results thanks

Frank i love hold em and play online daily on pokerstars and bodog i love trading too and yes there is huge similarities between poker and trading and i am sure many have gone through them in this thread but what i fundamentally believe in these two games is " you play to win chips / money " what i am essentially saying is there is no need to play every hand but when u get the bullets or a full house or a monster hand on the flop you got to ride it out and make the most of it other times lesson learnt the hard way is very simple BE PATIENT it will come to u ! have a great week traders and poker aficionados cheers rxs0005

Hi yall can some of you share your best day and worst day dollar amounts Mine are : Worst Day lost 1800$ on a downtrend and my EGO refused to sell thinking i will eventually break even and the stock just kept going down Best Day Made 800$ on a nice surprise spike thanks rxs0005

hi all In Intraday charting how do you recognize a Bull trap , I see that a stock is showing a up trend and has reversed from its down turn but very soon it reverses the direction and continues to head down I have been caught in that bull trap how does one recognize this pattern thanks for your in sight rxs0005

How I lost money even though i was right this is what happend Opened a postion ( 2000 shares) at 19$ my price objective was 19.1$ It reached the target and i put in an order to sell 2000 shares and nothign happend the price started to sink and next thing i knwo i bought 2000 shares more at 19.08$ What had happend was i had accidently put in a BUY order instead of a sell by the time i figured out what happend in less than 60 seconds price was 18.95$ and i had to sell 4000 shares at 18.9$ can someone tell me some tips to avoid this i feel so annoyed withmyself today !! :crap: thanks rxs0005

Jon so what you are saying is I can put in an order like this Curret market price of AAPL = 204 My order entry would be Buy 100 AAPL Stop price : 205.1 ( meaning this order will trigger here at this price ) Limit price : 205.2 ( the order wont be executed for more than 205.2) i i make limit price = stop price then also it will work . the only drawback is i can get AON option is there a way to get this order saying fill at this price and AON thanks rxs0005

hi all my Q is how to place an order to trigger at a price i want that is ahaed of the current market price. EG: AAPL is trading at 203.5$ i want to put in a order to buy this only if it hits the exact price of 205.1$ limit / stop order wont work how will i do this thanks rxs0005

On Wall Street, they were all known as "quants," traders and financial engineers who used brain-twisting math and superpowered computers to pluck billions in fleeting dollars out of the market. Instead of looking at individual companies and their performance, management and competitors, they use math formulas to make bets on which stocks were going up or down. By the early 2000s, such tech-savvy investors had come to dominate Wall Street, helped by theoretical breakthroughs in the application of mathematics to financial markets, advances that had earned their discoverers several shelves of Nobel Prizes. http://online.wsj.com/article/SB10001424052748704509704575019032416477138.html?mod=WSJ_hpp_MIDDLETopStories

this was a great day to short some of the over bought stocks like AAPL and overly hit secotr like the banks

Hi Fellow traders today i was following a stock and it came to my trigger price of 18.55$ i put in a limit order for 18.6 with AON checked so that i will definetly get the stock for at least 18.6$ for that minute when i pulled the trigger the stock traded from 18.49 to 18.57 and it did not get filled and it ran away upwards i had called it correctly and i still missed out on this even though i had put in 3cents premium for that minute of the trade why does this happen and also is it because the brokerage is quite pathetic i use scottrade. do share your thoughts on this thanks in advance rxs0005

Gents and ladies thanks for the all the genuine advice i did go in today this is what happened : my strategy triggered a open position i got in ( using small position ) immediately I felt that i was wrong ! ( i did not fear about losing money but being wrong ) went into cancel the order too late! next thing i know i am in the GREEN !! used my exit strategy and got out about right and made money Lesson learnt : Beleif in your system focus on the probability of success on the strategy and most important of all Just do it ! its only money not my life thanks y'all for the support and trust me i am using u r advice and executing it one other thing i found very helpful is after all the news and nosie is baked in i limit my input only to my quote streamer and charts no CNBC no other external outputs just razor focus on my strategy

thanks guys for the RAW advice also realized if i want to make money i should put my money down and more importantly FAITH in my set up and strategy i think i fear more of being wrong than losing money as i can get out quick i think my ego would be hurt that i am stupid and got whipsawed but i will focus on improving the strategy as i get my feet wet and hopefully i can trade fearless someday. i know i will get there -- its the starting trouble BTW i trade only ETF's thanks y'all

Hi i need some advice i have been paper trading on a strategy i have had quite a decent success with about 76% wins but i just cant seem to pull the trigger in the real market what do i do thanks for your advice cheers rxs0005

hi fellow wall street warriors i had 4 good trades and was applying my strategy and it woked well i do only one trade or 2 trades a day I more of a momentum trader but do not hold overnight positions now i apply the same strategy i am losing i dont know what is wrong , i am baffled how does one cope with this confusion your advice is sincerely appreciated