Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Security Shinobi
Members-
Content Count
22 -
Joined
-
Last visited
Personal Information
-
First Name
Security
-
Last Name
Shinobi
-
Country
United States
Trading Information
-
Vendor
No
-
Security Shinobi started following Super Simple Question - What Market(s) Do You Trade?, Market Failures VS. Market Wizards, Extremely Stupid Question and and 3 others
-
Considerations for a Wannabe Trader...
Security Shinobi replied to TheNegotiator's topic in Beginners Forum
The holy grail is that there is no holy grail. -
The Bullish and Bearish Engulfing Bar - Powerful Price Action
Security Shinobi replied to Johnathon's topic in Tech Analysis
Engulfing bars are subjective though. What's an engulfing bar in one time/volume frame is just a retracement in another.- 3 replies
-
- engulfing bar
- forex school online
-
(and 3 more)
Tagged with:
-
Market Failures VS. Market Wizards
Security Shinobi replied to Vince50's topic in Trading Psychology
Hahaha why can't anyone spell "losing"- 44 replies
-
- daytrading
- market wizards
-
(and 3 more)
Tagged with:
-
Jeez, what charting software are you using?
-
I actually meant to say limit order, not market order, but you explained it anyway. Thanks. Although, if that's the case why doesn't everyone use limit orders all the time?
-
What would have happened if the hypothetical Forex trader had taken a market order?
-
When a big player makes a buy order that's large enough to drive a price up, do they pay based on the price before the order went through, or the price after? This is so fundamental that I should know it already, but I haven't been able to find the information anywhere.
-
Considerations for a Wannabe Trader...
Security Shinobi replied to TheNegotiator's topic in Beginners Forum
Well, I'm not going to do any live trading until I can consistently profit in simulated trading with the same margins and commissions I'd be using live. So that 2.5k may never get touched at all. :embarassed: And yeah, at this point I'm not even doing that much sim-trading. I'm just backtracing all the historical data I have like watching a movie, and devouring any reading materials and theory I can find. -
Considerations for a Wannabe Trader...
Security Shinobi replied to TheNegotiator's topic in Beginners Forum
For some reason I can't submit any posts. Or they aren't showing up. What gives? -
Considerations for a Wannabe Trader...
Security Shinobi replied to TheNegotiator's topic in Beginners Forum
1-Why. I want to find patterns in noise. I want to feel the will of thousands at the same time. I want something to work at, and learn, and gain skill in. I want to experience something that's both an art and a science. And of course, I want to make money. 2-Commitment. I can commit several hours a day, four from morning to afternoon and more in the evening when CME reopens. 3-Timeframe and method. I know that I'd like to trade intraday, but I don't know exactly which frame yet. I'm trying them all out and seeing which works best for me. 4-Account/investment size. When I start trading live I'll have $2500 for an initial margin. If it ever drops below $1900 I'll stop trading until I can replenish it with my day job. 5-Money management. I'll trade with either 20% or 40% of my principal, depending on how confident I am in the entry. My position sizes will only increase if I make enough money. 6-Product. I'm beginning with futures since they have the lowest margins. 7-Broker. I've chosen a broker that's known for low margins, speed, and reliability. Their commissions are slightly higher than discounts, but you get what you pay for. 8-Platform. I've found a futures platform that has everything I need and is supported by my broker. 9-News source. I don't intend to use news, unless I can find some RSS feed that will warn me of catastrophes. 10-Computer. My PC runs my platform fine. 11-Internet Connection. I have a (mostly) reliable broadband internet connection.