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I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said
Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:
Failed Double Top/Bottom Pattern
When a second peak/trough fails to r
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So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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I shorted the market at 11502 and for a while it was doing ok, it went down and was 15 points up at one stage. Judging by how much I dislike this trading instrument (I really need to ween myself off it) I was keen to move the stop to breakeven as soon as I could as the market moved my direction.
Anyway, the Dow being the Dow took out my stop which was 11502 for a scratch trade! I think the market is heading lower though...
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July 22, 2008
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I went short on the break of the support line today at 11430. I was so sure that we would see a huge move that I went in 3x normal size. The market moved 10 points my way and then reversed tricking myself (and I'm sure a lot of other shorters), taking me out at 11455 for the equivalent of -25 x 3 = -75! Ouch!
The moral of the story is to always bet the same size for each trade.. afterall, you just never know what will happen as we see today. The markets are notorious for doing this sort of th
July 21, 2008
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I just found that you can watch full streaming episodes of Wall Street Warriors on http://www.hulu.com/wall-street-warriors
The only problem is that it is only available for US residents... this is a real shame as it was a fantastic show showing the lives of traders and those who play a part in Wall Street.
Anyway, for those in the US.. visit the link and enjoy.. the rest of us will just have to wait to see if it becomes available.
July 20, 2008
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