That's why I also use time stops - if a trade isn't moving in my direction quickly* then I get rid of it. Most of the time it would have turned into a loser. * Quickly is a subjective term and is relative to your timeframe and trading plan. As a ...

How to cut losses and letting winners run

The difference here is that Bill Lipschutz averages in as the trade goes his way. He is bigger when he is right and smaller as he is wrong.

'Averaging Down Is for Losers' - valid or not?

There is one huge drawback with this strategy - you are trading at your largest position size when you're wrong and quite likely, you'll be much smaller when you are right. This will skew your r/r ratio. It works for Roland Campbell because of his ...

'Averaging Down Is for Losers' - valid or not?

Curious, has anyone actually done the whole deal - opened a live account and had the $500 there?

CMSFX Giving Away $500 Live Accounts

Cramer went from this video to this: Kind of a 180 don't you think? But I guess he's got a right to change his mind.

Cramer Goes Crazy

Have a look at the futures price and the spot price. You'll notice there's a difference in the prices; this gap is the interest rate differential, ie. the interest you receive on your spot trade should exactly (barring tiny mis-pricings) by off-set ...

interest hedge strategy - futures and forex

Yes the Feb "mini crash" had no effect but there was definetly some panic for a while. I wonder what a more sustained correction will do to investor confidence. How will globalisation buffer the economy? Hmm. I'm going to research what the Fed ...

FX News Trading For The Week Of May 7-And Beyond

Awesome thread Newstrader. There is something that I've been thinking about. It is generally accepted that the stock market leads GDP by around 6 months (from what I've learned in college). You said the market is moving higher on confidence from a ...

FX News Trading For The Week Of May 7-And Beyond

I know a lot has already been said in this thread but I'm gonna add to the noise anyway. Any fund measures it's performance, not in pips, but in percenatge return vs risk eg. sharpe ratio. This of course, is over the course of multiple trades. If ...

:: Pips are not what counts ::

I think you've put it very well. Do you mind me using your quote in my Economics class?

US intervention for the dollar

I think we've just seen the dam wall burst.

FX News Trading For The Week Of April 16-And Beyond

I try to keep it below 20%, but that's manageable. I guess I'd start panicking when the account hits 0; you can always come back, even from a 90% d/d.

Poll: At what point does drawdown cause you panic?

I don't think it's possible. Maybe it will be included in the next version; send them an email.

very stupid question but grrrrrrrrr!!!!!!!!!

It looks to me like the eu rate is setting up to move higher. I have no-idea what the numbers will be but the eu is stronger moving into the announcement. I think we'll see quite a lot of wipsawing during the NFP. The way I'm looking for it to ...

Good Friday NFP

I tend to have to opposite problem.

What's your negative emotion that you're most prone to when trading?

You've got to be kidding me. He only made 3 calls on this forum; two of which were dead wrong. His claim of 12 out of 14 was just that, a claim. I am curious though, as to why he is no longer with us.

Good Friday NFP

There is so much more to the markets. A raise in rates would imply a stronger currency sure, BUT the hike might have been priced in, the market might have been focusing on different themes and only used the hike as a catalyst. You can't view any one ...

Interest rates decision

I'm done with my long eu's. I've just reversed short at 3292.

No Rules Trading