That's 10,000 hours of focused, concentrated effort - not just 10,000 hours of going through the motions. 1 hour of lying on your back, staring at the ceiling and thinking through various market related problems and scenarios is far more productive ...

10,000 Hours

2008 - 2011 the global financial crisis was getting under way, widespread fear and uncertainty caused great volatility as investors scrambled en masse to secure their capital. Every time people decided the GFC was over they would invest again, only ...

Daily ranges get smaller - why?

In the short term I believe price is close enough to random that any predictability is short lived. If price really moves in patterns, or waves, those patterns will be quickly cashed in on and smashed by big money traders until randomness returns. ...

Do you believe this market is random?

How does an 18 year old student afford Reuters Eikon at $1600pm? Even a wealthy family surely would baulk at such an expense, I assume you are using someone else's computer?

Sultans of Swing

Well, we are swing traders. We may only post once or twice a week but when we do it's generally well thought out and intelligible, deep thinkers tend to speak less. If you want endless, brainless chatter poke your nose into one of the myriad day ...

Sultans of Swing

Did you actually look at his Trade Explorer? It's a demo account which he has lost over 90% of. In post #32 he insists his followers only use a demo account and risk 0.25%. With his account reduced to ~$600, he is risking about 1.5 demo dollars per ...

Elite Trading Method

I suspect Chicky is having fun

Elite Trading Method

Even thinking in terms of R/R ratios is rubbish IMO, as is moving your stops to breakeven/locking in xxx amount of profit. If you think price will go up, be long. If you think price will go down, be short. Using R/R or moving S/L to breakeven are ...

Popular Trading Tips: Truths or Myths

Nice shot dude, I hope you put some weight behind that call and picked up more than lunch money. I didn't find the FOMC statement hawkish either - just reiterating yet again its stated unemployment and inflation targets. A strict policy of "buy the ...

Sultans of Swing

The Fed wont taper until unemployment falls to 7% and/or inflation reaches 2%. Those figures haven't been reached yet, so no taper. I have found the last few months quite entertaining - the fed has actually maintained the exact same position all ...

Sultans of Swing

Thats an awesome charting platform you have there. Cost you about 22k a year? I'm looking for one to compare fixed income spreads, equity indices VIX, chart inflation and GDP data etc., but I don't want to pay that much since I wont use most of the ...

Sultans of Swing

I am extremely bearish USD this week, mainly from an intermarket perspective - equities and gold both appear strong, both technically and fundamentally - this is very USD negative. The US index is also trending lower strongly and has broken long ...

Sultans of Swing

Nino: I recommend reading 'Way of the Turtle' by Curtis Faith. Curtis was the youngest, and also the most successful of the turtles. This book not only describes the methods used by the turtles, it goes into great detail about the money management ...

"The Slow Turtle"(Dennis VS Eckhardt) Famous Strategy

Yeah my wife looks through my browser history too... ahh, I mean, I love my wife too. She's awesome.

Sultans of Swing

No, the amount doesn't matter. What matters is that you, along with most people here, view "getting rich" as a tangible, finite destination which will herald your sudden arrival and cause immediate changes in your behavior and outlook. My view is ...

so you got rich, what now?

Why would you do that with $5m when you wouldn't do it with $4.9M? Funny how people without money always think that "getting rich" is some line to cross and when you cross it things suddenly change. Successful people never think that way, they ...

so you got rich, what now?

I only use it to judge when large specs may be exhausted one way or another, like an overbought or oversold indicator. It doesn't happen often that 90% or more of large specs hold the same position but when they do it is a very powerful indication ...

Sultans of Swing

COT reports are going to be released slowly back into the wild, so as not to shock their natural ecosystem. Another two weeks before they are back on schedule. url

Sultans of Swing

I'm not sure if SPX500 is going to retrace after all - ATR is falling which is always bullish, it has broken an upper trendline which may now become support, and the fed isn't going to taper for at least a couple more months. This all points to ...

Sultans of Swing