scg1368 wrote an interesting post today on
Here’s a quick excerpt
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futurestradingprimer wrote an interesting post today on
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Sometimes it can just be a tweak here or there that can make a difference in a traders career. Last month I had a conversation with a trader who was struggling to make consistent money. As a matter of fact he was losing money steadily, his trading was all over the place.
We did an analysis of his P&L and I couldn’t believe what I saw, he traded over 100 stocks this month and we still have a week left in the month! One of the topics you will very rarely see in a trading book is to learn the personality of the stocks you are trading. Why you ask? Isn’t a chart set up just a chart set up? Well, yes and no.
One of the biggest secrets of making consistent money is understanding when to use more leverage. Contrary to rookie trader belief is trading the same share size every trade. When […]
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Daytraderpete wrote an interesting post today on
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Basically, the best traders know when to get in and when to get out. They usually look for a 3:1 risk/reward ratio. The downside risk must be less than the upside potential. While there are several levels of success on the upside, there is only one level of risk on the downside. There are never multipliers on the downside.
Great traders decide on their exit points on the upside as well as the downside in advance of their trades. They establish an exit point based on the amount of profitability they want from a trade, taking into consideration commission and slippage costs. Then they get out of a trade before it reverses. They realize that when they get bigger and stay longer, they are increasing their risk, especially in highly volatile and illiquid markets. However, at times they also press the bet and add to their positions before the exit target […]
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nextleveltrading wrote an interesting post today on
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Ouch! Oh man … Here’s a casualty of the whole credit crunch & sub-prime mess that I bet many people will overlook:
Goldman Sachs Says Abby Cohen to Stop Making S&P 500 Forecasts (©Bloomberg)
Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor’s 500 Index forecasts for Goldman Sachs Group Inc.
She was succeeded in the role by David Kostin, Goldman’s U.S. investment strategist, spokesman Ed Canaday said in a telephone interview. Kostin today predicted the S&P 500 may fall 10 percent to 1,160 before rebounding to 1,380 by year’s end. Cohen, as chief investment strategist, last predicted the benchmark for American equities would end 2008 at 1,675, representing a 32 percent rally from its current level.
How the mighty have fallen. If you aren’t familiar with Abby Joseph Cohen, here is her Wikipedia bio. It’s a short write up, but to the […]
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