SwingTradinJay

Lol, I can answer this... Swing traders bad mouth the scalpers cuz' they once got scalped!:o :o :o ...and how many scalpers scold themselves because their entry was good for a much bigger profit? Ah ha, the mystery of the markets

Well, I could still argue swing trading is much better to start with. Not all swing systems have big stops actually, which allows me to sleep. Lol. Also, position sizing assures I sleep. I'm redirecting any new traders to stay away from scalping-unless they WANT to be food..aka: Getting Scalped! :doh: If you do good scalping, keep doing what works...I mean professional scalpers need noobs to attempt scalping, otherwise there's a lot less money on the table...as a swing trader, I'm not hitting bids or asks every 10 minutes, thus much less risk. Everyone finds their own style that works, but not if you blowup. I have fairly easy trades which are hundreds of pips, and sometimes it may last hours-days, but I've found waiting to be a better Risk:Reward ratio. Plus, retail scalping is more of a joke, unless your spreads are super tight? I swing gbp/jpy which has a pretty wide spread. Even eur/gbp is too wide... I could scalp eur/usd, but there's no point. I can do less-work for more reward. I have a buddy who hit 900% since he started scalping 2 min charts: the only problem is his risk reward...at times I've seen him bet the farm, for only 10-70 pts on a currency pair...which tells me he's not the only gambler/trader out there! But hey, keep doing what works... :haha: It was cool to see his account go from 4.5k-40k lol. I believe Jesse Livermore was quoted saying something about how the longer trades made him the most money versus the "small wiggles during daily movement." :missy:

hmm, nobody has mentioned exercise! Chin ups, chest press, bicept and tricept workouts, verticle row, leg press....and cycling (in the summer) or using the "eliptical" machines. This keeps me alert and ready for battle! I'm also fond of SimCity, CounterStrike source, or if im not playing games I'm blasting my radio while reading the forums.

I gag when I read ET, but it is slightly entertaining. This place is solid.

Hello all, name is jay, new to the "Laboratory" hehe. now on to business...well kinda business kinda leisure! Hawaii: A Traders Getaway... I'm going to Hawaii and I need to know what are some fun things to do? Of course I'll be watching the market in my free time too, but I'm a swing trader, so I will not NEED to be glued to the screen! What are some good places to get a bite to eat? How about bars or night clubs? Particular beaches to visit (nude?!? Not sure if they have those! ) Other cool adventures, places to hike, bike, explore, etc..? Anyone here been to this island? This is my first far-away destination. I hope I can try Mexico, Amsterdam, Jamaica, Japan, and London in the future some day. Share some of your travels...

It is actually easier to catch 500 pips in one trade than it is to catch 25 trades of 20pts each. Scalping is a mistake for most... I doubt the bigs sit around to scalp for a few pips...No they do not Plus you're working against the spread, market makers, and expert scalpers with highly specialized scalping platforms... If all you do is scalp, you leave hundreds, sometimes thousands of pips on the table... I mean all you need is to swing correctly and you've got a cool 150-500 pips in a few days. And it's not even WORK! It's getting in, monitor, and wait. To me trading is about doing as little "work" possible...I've already read books, scalped hundreds of trades..i've learned the hard way and paid in cash and screen time: so trust me, scalping is BS (for newbs and risk-averse types). :missy: peace

stack your charts FX futures + FX spot. Use the volume on futures as a rough estimate, it's fine.

I came up with an easy to follow swing trading style... I follow the cross between a 3sma and 500 sma, 10 min charts (20 or 60 days). I even delete the candles off my chart, I only follow the cross. I started trading like this when I realized most people scalp, when the entries are actually perfect for bigger setups. The signals are limited, but the average gain is in hundreds of pips. I also don't ever over trade now, becuase there are only 8-10 signals a month, perfect...the rest of my time is spent doing my laundry lol. as far as exit, stops, position size, that's up to each trader... I trade 10% or less of my total account. Scaling out is a good idea too.

I've come near blowing up, it was a great experience. Drawdowns-Try taking 20 to the chin, one after the other. My turning point was a boom and bust period for 6 straight months. I made and lost a lot of money and my blood pressure was soaring. Eventually it led me to my "ah-ha" moment and now after all the struggle, I've found a swing trading method that works.

I think the idea of a daily MAX loss-stop loss... is to prevent a sort of burning-of-the-cash jumping into the fire behavior? Because once your down, you're going to make bad trades, even the best do it, I've seen it happen to an awesome trader friend of mine... It's all about understanding how YOUR own self will react to loss, and taking protective measures to trade another day. And in futures and FX, you must be careful and logical (while still taking defined risks). There is a fine, fine line between gambling, and trading.. Folding early in texas hold em is a strategy I use often, and I also "fold" or stop out early in trading too, because the market is like a black hole if you're not careful!

Anytime I'm profitable, I take the money ASAP... Bills: rent, groceries, car, alcohol. . .Lol And with currency trading, I need no minimum, except a few K, it doesn't take much with 1:100 leverage!