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- ShanB replied Jul 27, 2012
Very few people can trade for a living. 90% of the people who responded to this trade can't trade for a living. These are the wrong people to be asking for advice lol. If you have some the drive to do it, you can become a one of the few people who ...
- ShanB replied Mar 26, 2012
Your last attempt at fading the equity market didnt end up working out too well, why not make it easier on yourself and dont fight the tape LOL. BTW I think there is a high possibility we get a squeeze next week into quarter end this week. If you ...
- ShanB replied Mar 10, 2012
Oh I thought this was a real account but funded with a small amount? One word of caution, beware of demo results! As you've probably seen, trading on demo vs. live is night and day. I think demo trading is counterproductive after a certain point, ...
- ShanB replied Mar 9, 2012
Doesn't look like there are any problems with your trading like you were mentioning before lol...I say take mommy and daddy's credit card and fund up that account. Start making some real money
- ShanB replied Mar 2, 2012
Oh ok, looking for the breakout then. Check out small caps(IWM) and Freeport. Market down -.33%. IWM odwn -1.23%, FCX down -2.3%. The weak stuff always rolls first, just like the strong stuff will always pop first!
- ShanB replied Mar 2, 2012
Where's your stop, down another 1.6% right now.
- ShanB replied Mar 1, 2012
This is why structuring a trade is an important skill. In this type of tape it is not a good idea to short a stock that is showing as much relative strength as MSFT. FCX which i mentioned would still be in the money, it was a better risk-reward ...
- ShanB replied Feb 28, 2012
Just saw this post, I think I have something that may help a bit. Check out this blog, It is a old blog by Brett Steenbarger..he is a trading coach at a prop firm here in Chicago. He stopped posting a while back, but he has excellent info if you ...
- ShanB replied Feb 27, 2012
I mentioned that FCX has been a laggard so its a better short than something that is strong. Its just a play on the spread between the two which i think will widen. Being short FCX outright would have been profitable today as well(so far). So even ...
- ShanB replied Feb 27, 2012
Yea SPY is the etf for the S&P. FCX is a copper company...essentially a derivative play on copper.
- ShanB replied Feb 27, 2012
SPY-FCX spread up 1% today. Impressive strength in this market again..they always come in in the morning and buy the dip! FCX still showing its relative weakness tho
- ShanB replied Feb 27, 2012
I don't know exactly what will happen, never said I did! My job as a trader is to follow the tape/price action and try to construct trades that provide me with the best R:R propositions. When the market is grinding away, sometimes you just have to ...
- ShanB replied Feb 25, 2012
BTW here is a link to a blog of a old friend of mines...he trades TIME. He has been at it for about 30 years and is the best TIME trader I have come across. Ask your man JR...he might know him. I have been in touch with some of JR's mentors in the ...
- ShanB replied Feb 25, 2012
Plot this same cycle indicator on the VIX. I'm telling you that MSFT will have a pullback of substance if and when the SPY will pull in. When that happens Volatility will catch a huge bid. Go long TVIX at your cycle or what ever your using! I just ...
- ShanB replied Feb 25, 2012
The point is to construct a trade with"maximal upside and minimal downside". Look we can come back in a month and see who made more money . Here's a bone for you...at market turns volatility tends to have the biggest moves. There is a sense of ...
- ShanB replied Feb 25, 2012
This is where spreads can come into play, you can create trades where the R:R is highly in your favor. There is an art to putting on a trade as much as there is calling direction. You can use your Cycle work and still work on putting together the ...
- ShanB replied Feb 25, 2012
"you should always be able to find something where you can skew the reward risk relationship so greatly in your favor that you can take a variety of small investments with great reward risk opportunities that should give you minimum draw down pain ...
- ShanB replied Feb 13, 2012
Don't know how far along you are in your schooling yet, but most of the "basic" quant stuff requires at least some entry-level college coursework in statistics. Like I said don't box yourself in, the trading industry as a whole has been moving in ...
- ShanB replied Feb 13, 2012
lol...don't box yourself in there my man. There is a whole new world of trading outside of what you have been exposed to as of yet! There are many ways to spread trade. Think of the spread as a synthetic asset you are creating. Think about it...you ...
- ShanB replied Feb 13, 2012
Do you feel like your cycle work has helped your trading? Are you making money trading with this approach? I ask this, because I have met a few individuals who were profitable traders and used cycle work(gann, astro, andrews, bayer). I put quite ...