Colonel B

Yep sure would. I would share it for free if I liked that person. Charge for it? What for? I would only charge someone if I didn't have the time. If I didn't like you I would just refuse to give you any information. How does sharing it erode or reduce the effectiveness of my system? It doesn't. The markets I trade are so liquid that it would be impossible for anyone to influence it like what is suggested. It is really easy for someone to think that they wouldn't share it because they have struggled. Its understandable. That feeling wears off once people become successful but it takes time.

Risk management = trade location. Risk management is NOT just placing a stop in or placing a profit target in that is larger then your stop out. Whatever your strategy is to getting into a trade it needs to get you in as close as you can get to the bottom or top of a move. If it is not doing that then placing a larger stop will not help you with managing your risk. Consider this concept. The slower you are in getting into the market the larger your stop out has to be. So the amount you can lose or the amount you are "risking" if you are wrong is larger. I wouldn't need to risk more then 6-10 ticks on the 6E. The EUR/USD futures version. If you are risking 100 pips (I know alot of traders will tell you that is the standard) then I would say that is 16 times larger then you should have. You are using 100 when I am using 8. You might not but I am taking some liberties for the sake of a through description. Earlier entries gives you the chance to get out with profit before everyone else is getting in. So the original topic is about money management. Money management cant be addressed with out a well defined understanding of risk management. The reason for this is this. It really doesn't matter what your profit to stop out is if you are buying at the top and selling at the bottom. You could put on any size stop out and it wont matter if you are buying at the top or are buying at bad prices. But But But..... Nope doesn't matter. Buying at the top or close to the top will cause you to fail. You need to be buying at the bottom first and if you need a 300 pip stop out then that is not the bottom. It isn't even close or else you wouldn't need 300 pips or 100. If its 100+ then try to get it lower. Now if you already have it lower then 100 or are working on it then good. On to the money management part. LOL Scale. Yep that is it. Scale and then scale some more. Scale at what amount? Good question. I would scale at -.5 for every contract. So if you are trading 2 and you have a -50 pip stop loss then I would scale 1 of the 2 contracts at -25 pips. o.O? Wait what?? Yes figure out your risk first. Pro trader = Pro Risk Manager. If you get stopped out do you want to take a full stop out on all of your contracts? I don't and so I scale out. And I scale backwards as its going against me. Why mention this first? Why not just get to the making money part? Simple. Because that is the last thing you need to worry about. Trading is sometimes just as much about NOT losing money as it is making money. I don't care how much you are making if you are losing more. You need to limit your losers to be as less disastrous as possible. I see all kinds of people talking about making money and how to make money and what stuff to use to make money. How about what to do to STOP losing money? Now after all that how do I scale on the top end? YEA!!!!!! Well I get out +.55 and +1.1. So if you are using a -50 pip stop out with 2 contracts with the first coming off at -25. Anything over +25 would be a first exit. What you could do is as soon as it hits 25 move 1 of your stops to +24 and trail it. So that way it never is less then 25. Second is the same thing. Or you could just take them off at 25 and 50. The other option is if it hits your stop at -25 and then goes in your direction. Then take your second off at +26 for a scratch. Now if you want to be more aggressive then go for +50 for your first and +100 for your second but not much more then that. Why so small? It has to do with something that no one talks about. And that is how to be a successful trader. What more do you need at this point? Noting really. You have a 2:1 risk to reward. You should be using a modest stop out and looking to buy at the bottom and selling at the top instead of the other way around. And that should be good enough. However everyone else is going for these big huge moves. Don't do that. Folks that do that are small traders and trade with small size. They have to have large stop out and large profit targets because they have small accounts. The secret is to bet more. You need to build your size. You get more money by going for bigger moves. You get more money by betting more contracts. Consider this. What is easier? To get 1000 pips with 1 contract? Or get 25 pips with 40 contracts? Its the same amount of money. Both are 1000 bucks but I think we can all agree that 25 pips is easier to obtain then 1000 or even 100 for that matter. This is another novel but hopefully you and others will find at least something in it that is helpful to you and your trading. If not then print it out and use it in the bathroom and or the fireplace. Should be at least useful there. :rofl:

Yea I am not totally sure about stocks but I would imagine its the same over there as it is in the futures markets. I am pretty sure they use buy/sell market stops. Maybe not as much as futures traders because it seems that in futures trading its absolutely mandatory to use a market stop. If you could look at the bid ask info (I think its level 2 or 3) then you would know for sure. But the ES, NQ, and TF are definitely influenced by short term traders. These are US indexes of course so I am stretching it if I say that the absolute applies for the underlying stocks. I should of done what other posters have done and put the specific markets because rereading my posts they are general. So yea what I meant was futures markets namely the US indexes along with Treasuries.

NP ill send you a PM bro

yea sure. I trade levels too or areas. The trick is to look for volume to come out on the WRONG side. So if you are looking to get short because the market is climbing you look for lots of buyers in your area. Wait what?!?!?!?! lots of "buyers" in my area? Yes. If you are looking to go short you want to see lots of buyers come out in your area. Just watch the bid ask when its close or into your area. I can send you pics if you want. Just PM me.

no idea what that means bro :doh:

Hey looks like congress or Mr. Joe Biden is really going to crack down on guns. I heard that gun sales increased 800% or something like that. Well I found a little video for you folks to watch. I watched it and it inspired me. https://www.youtube.com/watch?v=30i_6awxEG4 The AR lower blanks are 90 bucks. And yes you can buy more then 1. With my mechanical background I will have no problem putting these together just in time for the zombie apocalypse. All I need is some of the 30 round mags and a couple of the adjustable stocks and maybe a bump stock. Who knows.

Yep so true. HAHAHAHHAHAHA!!!!!!!! LOLOLOLOL Silly retail. Hey just because some one sells you something and tells you that is what the pros use doesn't make it so. Oh yea and the books created by the "pros." HAHAHAHAHAHAHAHA What books? Psychology books? Those are books about trading written by psychologists. Who is out there teaching the underlying basics of supply/demand/inflection points correctly? The Predictor? Folks on this forum? Who really uses correlated markets? Forex guys are the only ones I guess. Don't try to post anything on the ES thread about the bonds or notes because that thread is only for ES. There are only a few MP books out there and lets be honest if you read them you would still be at a loss for executable information. Sorry full time MP guys. What is left from your list? Oh yea "pro techniques." Like floor pivots. More laughable crap. I know folks call this crap pro all day long. Hey if you have some sort of system that uses some sort of Fib, MA, Stoch, MACD, algo, with some abandon baby with 3 crows flying and to execute it you flip a coin then good for you. I know a guy that uses MACD and MAs and I watched him add on to a loser for 3 days in the ES. Does he makes money with that? Maybe. I literally get email everyday trying to sell me stuff that some so called pro uses. Pro room moderator/program seller. Pro trader ??? pfffff not a chance. This goes to anyone. If you are taking money out of the market and you can pay your bills with it then good. Short sell, long sell, throw a spaghetti noodle up there if you can trade off of it and if you have to get one of those little monkeys that smokes and rides a unicycle with the little Shriner/turban hat thingies to trade with to make money then do it. I personally don't have a monkey because my wife wont allow smoking in the house. For me I was taught how to trade by a couple of professional traders. Both traded in Chicago on the floor the whole 9. They taught me to trade a certain way. That way works for me. Seems to work for others too. So yea so much garbage out there. I do disagree however on you should just go your own way. There is no way with out help I would of been able to figure out how to do what I am doing with out help. I think its better to learn how to do something that others are using that works and is already working instead of inventing something from scratch.

Yep The Dude is correct. There is a difference in definitions between charts with the pro environment and the retail environment. That is the confusion Sun. Yes of course pro guys use "charts." They just don't look at the same things. Characteristics of a retail trader: 1-2 screens only looking at 1 market many different time frames for 1 market primarily candlestick and renco charts many different math based indicators many different candlestick patterns poor or no real time news sources large stop outs misunderstanding/misapplications of certain terms and definitions (risk, money management, ect...) will be more likely to add to losing positions as part of a plan tough to them looking to trade longer term Trying to get 20 ticks/points with 1 or all contracts If even just a couple of these things describe you then chances are you are a retail trader. Chances are that if TA is working for you then you are using what would be considered a large stop. The system used is actually getting you in late after 1/3 or 1/4 of the moved has started thus creating more total risk. General characteristics of prop traders: Using correlated markets Looking at related markets and looking for opportunities Rows of desks that have different people looking at different markets all communicating with each other 1-3 guys watching real time news sources small stops Way less likely to add to a losing position 4-6-8 monitors 1 whole monitor filled with DOMs Look to trade shorter term Trade large size and scale As you will notice the things mentioned are not opposite. Some of the things are just different applications of information. Both are looking at markets however the data is different and the application to the data is different. You could look at correlated markets with candlestick charts. But how many threads on this forum or others talk about where the treasuries are opening in relationship to where the ES is opening when trading the ES? If you trade the ES as a retail trader chances are you are only looking at the ES. Pros use some sort of order flow filtering and structuring software. Something not necessarily restricted by time but measured by rotations and bid/ask information. Retail primarily uses time based charts. Market Delta is a really good example of a software that does that with its footprint. There are plenty of others. Pros are going to use TT. Its expensive but Ninja cant do what TT can. X Trader is superior all other DOMs I have seen. Its really all about finding out where longs/shorts are stuck. The bid/ask info is going to give you that information clearer then any candlestick. If you have an "edge" and you are not using bid/ask data then you have found a way to recognize longs and shorts trapped with out it. That is the only real edge that has ever been in futures trading. The edge is knowing where the retail is getting in and getting out. The edge is being able to watch short term traders getting trapped and then pressing into the their stops. Knowing where paper is defending and being on the winning team when the inevitable happens. Bottom line is if you think markets are random you are wrong. Markets are not random. Who ever told you that must of told you that so they could take your money. This is the thinking of a losing trader or someone who doesn't have all the information on what is making them move or they don't know what makes markets work. DON'T BE FOOLED BY RANDOMNESS!!!! Markets move because of short term traders getting stuck and having to EXIT. That is why pros watch the short term. Retail traders directly move the market. I watch retail traders get popped all day every day. Once you learn to watch bid/ask information you will see what I mean.

I see this kind of nonsense a lot now a days. Its totally suggests and has in the recent past suggested that capitalism and Wall Street caused the financial crisis. I figure I would comment on Mr. Cars comments because I know he can take it. (and dish it out:) In reference to the global financial crisis and not all of history. Nope shitty government policy got us into trouble. Greed for money and greed for power from the clowns on capital hill were and are the biggest problem. Its ok the folks on Wall Street helped but no way they could have done it alone. But more importantly yes greed got us here. We didn't become the worlds largest super power over night did we? And no I don't think all the folks that pushed us to where we are now were all looking out for their fellow men and all that. Invisible hand..... Hate to break it too you but in some sense it doesn't matter what you or they or what the rich think. Bottom line is that its harder to get rich in this day in age than it ever has been before. Again this is mostly do to the clowns on capital hill. So average people should live in fear. They after all are responsible in full or at least in part. Something for nothing mentality sprinkled with we are all going to get rich with housing fools. Oh and don't worry I am in no way cheering for that clown Bush. And in no way shape or form did I hear Romney come through with the or a solution. So yea average folks kind of brought it on themselves.

What is wrong with using a 40 tick stop? Lots of _____ traders use a 40 tick stop. There are lots of ways to trade. Its a set it and forget it trade. I just put the trade on and walk away.

WOW the topics switched to enemas, more sex, pistols, and genital mutilation. I think I need to set some things straight on the "rules." [ame=http://www.youtube.com/watch?v=Pi7gwX7rjOw]3-Way (The Golden Rule) (feat. Justin Timberlake & Lady Gaga) - YouTube[/ame] Fellas get ready... Do it for some chick... Happy New Year, hope you are all going to have as much fun as me !!!!!!

If you are comfortable with large stops then I have a trading system for you. I am thinking of starting a trading plan or room or some system for retail traders. They seem so popular so I decided I would try my hand at it. I think it will also help get the point across. The next time you want to take a trade with a large stop then try my plan instead. Let me outline the details. It will target folks that have very little emotions or try to suppress emotions. You will have to be comfortable losing money. You will also have to have the same suppressed emotion to losing large amounts of money. We wont call it money we will call it something else. Finally I will give out my paypal or my personal home address so said customers will send large amounts of capital with out emotions to someone else. Trust me I can spend large amounts of emotionless capital better then the faceless people you are sending it to on the net. Also I wont charge you a commission or any cost for sending it to me. This is a way better deal you are getting with your broker. If you need me to I will send you self addressed stamped envelopes if you are underfunded. This will work on all markets and no matter what time frame you want to trade. If you are ok with losing large amounts of capital with no emotion then please please please PM me so I can send you the information and details of this trading plan. I wont even charge you for the plan it self. I am in fact giving it away. THAT IS RIGHT ITS FREE!!! I am sending you all the information you need to be able to part with emotionless large amounts of capital for FREE. I will charge you no commissions to do this and in fact I will even send you self addressed stamped envelopes. Trust me your capital will be in good hands and be put to good use. Don't beat yourself up and markets are unpredictable and just stick to the plan will be the mantras.

:haha::rofl: [ame=http://www.youtube.com/watch?v=lQlIhraqL7o]I Just Had Sex (feat. Akon) - YouTube[/ame]

GREAT!!!! Let me be the first to congratulate you in your new choice of having sex today. Quite a few people don't know this but having sex is a favorite all American past time. I bet if you ask around you will find there are lots of people you never dreamed would be having sex really are having sex. And folks that you suspected all along of having sex are having it too.

NOPE I don't own a gun. But I did play a whole lot of popular video games and so far I haven't gone on a shooting spree. I am still waiting for this ticking time bomb to go off. Oh well maybe it wont ever happen like the so called experts claim. On a side note... When I was in college I was one of those guys that stood outside for the Halo 3 midnight launch. Apparently that game made more money in that year then all the movie tickets sold. So that game made more then the Hollywood box office. Just one game. There were a few other shooters that were sold that year that were big games. C.O.D. (Call of Duty) released a new one that fall as well. Where are all the "killers" from that? In the state I live in there has been no school shooting since then. So as far as the NRA or any other private group claiming that there is a correlation between violence and video game is just a fallacy. The facts just don't add up. Has the rise in the rate of sales of violent video games caused a rise in school shootings? For every 10,000 copies sold is there another school shooting? Not in my state. Are the teachers armed here? Is there armed guards at every school in my state? Nope. Maybe all the theories of that violent video games "cause" gun violence is just a fallacy. What about our brave service men and women who come back from real conflict? If you subscribe to the "pretend gun violence" causes real violence then what about real gun violence causing real gun violence? Why is it that pretend gun violence causes school shootings? I am so puzzled by that. Is there some sort of secret code in the game that reprograms young adults to be psychopaths? Its all rhetoric. Now for the far left liberals that think they know everything and have all the solutions to all of life's problems. I have no less disdain for them. There were clear reasons as to why the founders believed that the people should be allowed to own guns. I will have to end the rant on far left liberals here because I would rather debunk ideas instead of political parties. In summary... I don't own a gun however I don't subscribe to either arguments so far put forth in this forum or in the mainstream consensus on the issues. I don't believe that gun games cause more gun violence. Look at Russia with the violence there 5 times higher then the U.S.. Do they play more video games? And I don't subscribe to the notion that no guns equals more safety. How did the allies defeat evil dictators during the second world war? With rubber chickens? Go tell the souls that went to the grave in pits and shallow graves about safety without guns. And as far as the government being this entity that is looking out for my best interest and I should trust them and they should only be the ones that own guns. I don't believe that either. How about the revolutionary war? I bet the people loved that taxes then. And when the people didn't pay then what happened? Funny thing that history stuff. We can go on and on about governments in history and the tyranny of each. This thread has gone off the rails with all sorts of emotions from both sides. Nothing but extreme ides on both sides. The fact is that guns are here to stay. You will never get everyone in the world to get rid of them. If you can convince the majority of the country in the U.S. to get rid of guns doesn't mean the government will disarm. Or that the Chinese government will disarm or that other hostile country's or governments will follow. IMO you are better off learning to live with the consequences of having guns and do your best effort to convince your neighbors to be more responsible.

Don't trade emotions or trade with emotions. This is one of the biggest lies in all of the retail world. Don't trade with emotions? How do you do that? Turn yourself into a robot? Yea right. Emotions are one of the best thing a trader can have when trading. Most folks that I know in real life that are successful look at the market with the eyes of "how would you feel." You want to have emotion because its useful. I would bet that any retail trader that trades without emotion or any retail trader that attempts to trade with out emotion uses big stops. Since this is the Forex part of TL then this really applies.

Does anyone make any money with the K.I.S.S. method? If trading was really simple then how would you have losers? :haha:

Guess no one liked my vids . oh well Merry Christmas and see you next year!!!!

Does this ... [ame=http://www.youtube.com/watch?v=FOcvqiiCwUo]U.S. Marines Battle Enemy Forces In Ramadi, Iraq - YouTube[/ame] Look at all like this .... [ame=http://www.youtube.com/watch?v=s17Sw9m8H6s]ZOMBIE BUS (Call of Duty: Black Ops 2 Zombies) - YouTube[/ame] ???? Well in the event of a major scale zombie attack or some major alien invasion our youth will be prepared.

Um er..... I don't have a gun and last time I checked when I shoot a pretend person in a game a real life person doesn't die. Of course its a game and in no way like real combat in real life. In real life you don't get perks, respawns, and you can't spawn camp just to name a few. Oh and just to let you know if you are deep in my moms bedroom my step dad will kick your ass. He really doesn't like people going in there. I remember growing up and getting in trouble for going in there. Or stay in there if you want its up to you but im just letting you know.

That game looks AWESOME!!!!!!!!! I was debating getting it but not anymore. The graphics on that are awesome. Do you have any recent vids I can check out?

Well I am going to tell you how it is. You said "city college.' Really doubtful that you will get a good job with a city college education in Finance. You can get a job but your chances decrease exponentially of a good job at a city college. And that goes for accounting, M.I.S., or any other business discipline. There is the chance that you can learn a unique skill but with all the stuff you mentioned chances are that is not your focus. Best of luck to you.

Did you mean you wanted to watch me speak while I use roller skates or you wanted to watch me speak while you use the skates? Anyway watch this and tell me if its entertaining enough [ame=http://www.youtube.com/watch?v=e7d2Syxw01U]super girl on roller skates - YouTube[/ame]

How about this one? The Right to Bear Arms T-shirt from Zazzle.com