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eldermark
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Introduce Yourself Here - Don't Be Shy!!
eldermark replied to trading4life's topic in Beginners Forum
@ Mysticforex: Cheers, looking forward to the feedback. @ Tams: Ill PM you regarding the legalities surrounding the site, I don't think that for the purposes of an introduction thread, that the discussion is suited here Re the interpretation: we could, but we are largely focused at providing the tools and we are new to TL, charts to follow -
Introduce Yourself Here - Don't Be Shy!!
eldermark replied to trading4life's topic in Beginners Forum
Greetings traders, My name is Mark and I m an admin on http://www.eldercharts.com. Basically, we chart and offer tools described by Dr Alexander Elder. We don't offer any interpretation, that's what the books are for All services are free on the website, and we purchase our EOD data from a reliable source. We chart ASX, NYSE, NASDAQ and LSE and we will be introducing forex soon. So we are interested in getting some feedback on the website (particularly from new traders). We anticipate responses will fall into three categories: 1) Useful 2) Could be useful with further development 3) Waste of time and bandwidth (We expect the last will be a popular response) So please tell us what you think. What we could do better. What you don't like etc. Happy trading, Mark -
I like what TimRacette has said about scaling back on winning positions: you'd want to take winnings enough to be safe and make some money, but leave some still on the table, in case it does continue to go in your favour. Personally, I aim to make a percentage (say 4%) on a trade, take that, and any extra, I leave in the position.