Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By ridhuanuzz
      Here are some trading courses that I know they have experienced trader as a teacher:
      - Stock Trading & Investing for Beginners by Udemy
      - Consistent Profits from Stocks With AI Assistance In Just 10 Minutes a Day! by Snap Academy
      - Trend Following For Stocks by Decodingmarkets
       
      Give me advice which one is the best to join?
    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
    • By jfw215
      Hi folks,
      I will be posting my stock setups that I will be taking from 1:30p to 4p EST M-F. My trading is heavily influenced by Thalestrader, who has left a treasure trove of knowledge here at TL. My stock setups will target gapped stocks (S&P 500 constituents priced over $20) that consolidate and continue in the direction of the gap in the afternoon. Entries will include 123s and pullbacks to the 5 min 21 EMA. Please note I am currently on demo mode.
      I believe the keys to success in trading are really just a few simple things:
      Embracing the probabilistic mindset, which includes taking every valid setup regardless of how I feel about the outcome and not changing strategy based on recent results. Cutting losers quick and letting winners run.  Unconditional self love and acceptance. This is probably the most important thing and the ONLY secret there is. By being ok with making mistakes, being wrong, taking losers, giving self money, one can finally learn to trade without fear. This is probably where most people take the most time to learn (10 years for me). Here we go. Blue line denotes entry, red line are my stops adjusted to as close to real time as possible. 
      Today: -41c, +13c, +0
       
      Best,
      J
       
       
       
       


    • By ritika1124
      I want to explore about stock and commodity market, Kindly help me in this regard
  • Topics

  • Posts

    • I have recently switched from trading forex to trading futures due to the futures market's unbiased order execution and superior price movement. And yes, I trade commodities in the COMEX exchange. Years ago, hefty initial capital requirements were a burden for retail traders. Then Mini futures were created, but they were still somewhat burdensome. Then Micro futures were created. Now, you can daytrade with only a few hundred dollars (generally 9:30 a.m. E.T. to 4:00 p.m. E.T.). Even so, I recommend starting with a couple thousand in order to sustain statistical losses and/or hold positions overnight. If you have access to U.S. CME products (you're not in a U.S. sanctioned country), I suggest trading in the actual centralized commodity futures exchange because: Orders are required to be executed in the sequence of arrival to the COMEX exchange. In contrast, CFD's (contracts for difference) are in-house contracts between you and your CFD dealer. In CFD trading, your execution is reliant upon the size of your individual dealer's liquidity pool, and its institutional liquidity providers if it has any. Retail CFD orders, and retail forex orders, generally get prioritized by the dealer depending on order quantity. This is why retail CFD orders get hit or miss execution. In this way, the COMEX exchange is much fairer to retail traders. COMEX provides centralized pricing. In contrast, CFD dealers have no centralized exchange providing objective pricing. This is why CFD's tend to spike randomly. Unless your goal is to somehow exploit these random CFD spikes, they're likely to take out your stops where the alleged "underlying asset" (there isn't one) wouldn't have done so. To me, a CFD dealer follows an in-house casino model, whereas COMEX is an actual market. U.S. futures are not subject to the pattern-day-trader rule which states that anyone placing more than 3 equities, equities ETF's, or equities options trades per week is a pattern-day-trader. This means that you need at least $25,000 of initial capital, and SEC reporting is required. If you have formed your own single funded private company (LLC, etc.) specifically for speculative trading purposes, the SEC deems you a professional but the CME and its COMEX subsidiary do not. If you sign an attestation regarding your own single-funding, you get non-professional discounts on data and commissions. While CFD, equity, ETF, and options third-party liquidity providers (banks and hedge funds) get paid every time they take the other side of your trade, futures traders are generally dealing directly with a greater centralized exchange.  In short, the real futures market ain't as burdensome as it used to be and is more of a level playing field for retail traders. And oh yeah... my broker is TradeStation Securities. No complaints.
    • "[F]ull-service investment banks usually provide both advisory and financing banking services, as well as sales, market making, and research on a broad array of financial products, including equities, credit, rates, currency, commodities, and their derivatives" (List of investment banks - Wikipedia). IMHO, there's nothing super special about "professional" traders except for the fact that they have access to boatloads of trading capital. Although this gives them access to pattern-day-trading and hedging, their annual percentage returns on investment are not very impressive. Put another way, it's easy to generate a billion dollars in profit per year if you have 50 billion on hand. Just imagine a retail trader having $5000 and earning $100 per year which is the same 2% proportional equivalent. An investments bank's number 1 goal is to avoid risk. That goes for all of Wall Street as a whole. Whether they hedge six ways from Sunday or hire quants for high frequency trading, they're trying to turn trading into a sure thing rather than a risk-benefit. The underlying principle is that free money is free money no matter the annual rate of return. For example, an investment bank trader might hedge GBPJPY against S&P 500 index stocks because she/he knows that 401k/pension funds dump money into the S&P 500 index stocks every 2 weeks regardless of its price level. On a related note, Warren Buffet dumped money into the S&P 500 index and earned a higher return than an army of hedge funds over the course of 10 years. They paid Buffet a million dollars because he won the bet. As for quants, they algorithmically exploit volume-based order execution rebates and the exchange queue. This would earn pennies with small capital, but again they're using tens of billions. As a side note, if you're retail trading forex, CFD's, equities, EFT's, or options, one or more of the big investment banks are likely getting a piece of every order executed as market makers or liquidity providers. "Professional" traders are basically professional salespeople. There's nothing in a Series 7 Exam that ensures that these people have any special market analysis knowledge. It's essentially a great big business ethics law exam. In fact, given the pretentiousness and pressures of professional trading/sales, I often wonder whether retail traders are more likely to stick with trading in the long run.  
    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.