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Vegan56

Trading Emini's with Quaestus Trading?

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    • By inthemoneystocks
      One of the most important reasons why traders take big losses is because they often fail to recognize when a trade has gone wrong. You see, stopping out of a trade is probably the biggest fault of traders and investors. Often, this happens to young and inexperienced traders and investors, but I know many veteran traders and investors that struggle with this as well. Early in my own career I struggled with stopping out of a bad trade myself, so I can sympathize with this problem. 

      The problem with taking a loss is really two fold. First, the trader has to admit that he is wrong. As you all know, as human beings we all hate to be wrong. The ego simply gets in the way and we all want to always be right all the time. The first secret in this business is to check the ego at the door. The market does not care about your the color of your skin, religion or anything else. It will move in the direction of the money and that is the bottom line. Once a trader or investor goes into what I call 'hope mode' the trade is over. I'm sure everyone has been in this position at one time or another. Simply put there is no room for ego or hope in the stock market. The market is always right and there is no reason to fight it. 

      Here is the second problem with taking a loss, it hurts. Pain and pleasure are the two reasons why humans do anything at all. As a human being, we are always looking to have pleasure and avoid pain. Well, losing money is painful and many people would rather simply hold a losing equity than lock in a small loss and move on. I cannot tell you how often I see a trader hold a losing trade only to see the position move further out of the money. Many years ago I watched a day trader blow up a $200,000 account in a single day averaging in on a bad day trade. To this day I can remember the look on his face as his money vanished in thin air. Believe it or not, this trader could have exited the position with a $500.00 loss, but instead he kept averaging in and fighting the position until he was wiped out. As a rule, once you have your full position you should never average in on a trade. At that point, it is critical to know where your max loss is going to be and stop out if that level is breached.

      Now when should we stop out? The answer to this question is not that simple, but here is what I personally do. I always place my stop loss below an important breakout or pivot on the chart. You see, prior breakout or pivot levels are usually defended when retested. After all, this is usually an area where institutional traders and investors got involved, that is why there is a pivot low or high on the chart to begin with. If that level is breached on a closing basis then I will move out of the position. So If I took a trade based on a daily chart pattern then I will usually check the daily and weekly chart levels. If there is a major pivot on the weekly chart then I will use a week chart close as my stop out level. While this method may not be perfect, it has saved me from much bigger losses when I have been wrong.



        Nicholas Santiago
    • By emt
      I am curious as to how professionals trade the eminis, with the average daily difference between high and low being only 20 pts. Is'nt that very little movement? Assuming a pro intraday trader manages to capture 8 points everyday, for 10 contracts he stands to gain $4k per day. Considering 200 trading days a year that sums up to $800k per year. Definitely an awesome figure no doubt. But not all that spectacular considering he'll be stuck at that point almost forever unless the eminis are liquid enough to allow bumping up the no. of contracts to lets say a 100. I know emins are liquid enough to allow a single trader to put on a trade the size of 100 contracts so long as the transaction in question is a positional one spanning multiple days. But can a trader transact 100 contracts on an intraday trade without moving the markets and consequently eating into his own profits?
    • By trading4life
      Hello, My name is trading4life.
      I just joined this forum.
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    • Hi everyone, The latest Commitments of Traders review is out. Platinum COT Change (52W) / C - 18%, LS – 20% / FTG Score / D -7.4, W -19.4, M -16.1 / The larger than average change in Large Specs and Commercials positions, together with the negative reading from FTG suggest we could see some weakness from platinum in the coming days… Bitcoin (CME) COT Extreme / LS – All Time COT extreme / FTG Score / D 25.0, W 60.3, M 24.5 / We do not have such a history of cot data to be certain that we have cot signal that we can act upon, nevertheless it is interesting to see Large specs continuing to increase their net short positions, seeing Commercials net short and only Small specs taking the long side of the market. The all time extreme signal in LS would be generally considered a bullish signal, small spec net long a bearish FTG scores, especially the weekly show significant support for further rally in the market. Canadian Dollar COT Extreme / C - 72, LS – 68 report COT extreme / FTG Score / D 37.5, W -26.2, M -25.7 / In the past few weeks we have witnessed traders changing their positions towards a more bearish situation. The example from May 2017 to October the same year suggests that we could see this trend continuing for some time before the market dips back down. Daily FTG scores seem to back this, although the weekly and monthly already expect changes happening to the CAD. All the best,  Dunstan COT Charts FOREX Trading Futures Trading
    • Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20   BTC/USD Long-term Trend: Ranging Resistance  $10,500, $11,000, $11,500 Support levels: $10,000, $9,500, $9,000   The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.   On the other hand, if the bulls fail to break above the EMAs.  the crypto's price  will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal.     The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research   Source:  https://bitcoinexchangeguide.com
    • Deal Butler was an excellent trading system/forecaster with about 85% accuracy.  it worked very well until the 5th anniversary when it suddenly shut down.  i guess Mac X had made his and moved on.  i am surprised no one has resurrected the system in the intervening 10+ years since shutdown. 
    • The only thing I'd disagree with is "compared to a trend following approach." Many Ultra systems were fully or partially trend-following.  And I haven't seen any trend-following systems (not counting over-optimized with little real-time exposure ) that have worked very well over the last 15 years. The only one I use is a simple one with a very unique filter (not found in Ultra or anywhere else to my knowledge). But the UltraFS systems are as good as any of the trend-following strategies I'm aware of.
    • I pefer to consider how decisive the candle is when looking at the market sentiment at that exact moment. I think it's a more reliable source of information.
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