Best Money Management Strategy in the World

[Best Money Management Strategy in the World]

How can any strategy " guarantee" no more than 4 losses in a row??

 

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[Please Help Me to Select a Stock for Daytrading]

Thanks everyone. I decided to concentrate on one instrument, 6E.

 

By the way, I love your website and blog, Tim, and always read it with great interest. You have a lot of useful information there. :applaud:

[Futures I Trade Show & Brooks Book]

Hello everyone, I have just finished reading Al Brooks’ new books.

 

I have a couple of questions about H1,H2 in a bull trend.

 

Image 1

 

1. Can a red bar be a signal bar in a bull trend? For example, is B47 a signal bar for a long entry?

2. Regardless of the color, if the entry is not triggered on the next bar, how many bars can we wait for? For example, if bar 47 is a signal bar, does entry bar have to be the next bar or can we wait for a couple of bars, in this case, entry would be bar 49.

 

Image 2

1. Can bar 45 be considered a signal bar? It formed a double-double bottom with bars 42, 43 and 44.

2. Can bar 50 be considered a signal bar? Double bottom with bar 49?

3. If the answer is no, is there a H2 on this chart at all?

[Please Help Me to Select a Stock for Daytrading]

Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

 

I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

 

I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

 

On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

 

I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

 

Thanks!

[How Much Would You Pay to Learn from a Veteran Trader?]

How can you really check if the person is profitable or not? Not many are willing to show their accounts. I would pay a percentage of my winnings if I knew that the mentor who would teach a) can trade himself; b) is consistently profitable and can prove it; c) has similar personality to mine and d) is willing to teach and wants me succeed...

 

Now the question is: where do I find him?

[Trading Without a Chart]

I know somebody who uses automated strategy and no chart at all. The person who I know, uses Excel that tells him when to enter and exit.

[Emini-watch.com Anybody Use 'em?]

I've downloaded a few indicators from BigMikeTrading website for free. However, BMT has now blocked downloads, unless you are an Elite Member, (USD50 a year) because various companies/individuals were flogging them for lots of $$$ & it was causing angst.

 

Dont know about Emini-watch indicators -am checking them out now. Not sure what a "Better Trend Line" is! You just need to learn how to draw them correctly ! And learn Tom de Mark Trendline drawing - it can be hard work but worth it.

 

I use very few indicators, but one particular indicator from BMT that does exceptionally well for me, is the "anaSuperTrend" (line) indicator. Pullbacks respect it & usually power off it...while retracements do the same.

 

Look for good free stuff before you pay, is my take on them.

 

BMT elite forum is $50 ONE time payment, not annually. And it's well worth it..

[I Look Back Now and Wonder]

Excellent post. Very inspirational!