Carpe diem: Intraday tactics for Dax and Dow

as i said: you need deep pockets for this game. down -28 k atm.

and that´s the reason why i use trading capital (even at this stage) with one master rule: safety first! i swear many of those being long only got burned on that all of a sudden drop! and i still have a daily risk budget. lucky it was not hit...

keeping my longs. no sl, tp unchanged.

hi montygoldy,

i´ll try to answer your question now:

ad 1) ensure that you know - really know - anything important about the market you´re trading. a professional background (degree in business and administration, economics, statistics will help you as a long-time employment within a bank or any other financial institution does.

ad 2) be sure that you have a strong mindset. markets might fool you any time, and you should be able to withstand that environment.

ad 3) you should have enough money to withstand quite a long time of losses - or one big loss. at minimum you should be able to loose all of your trading capital without getting trouble with paying your bills, your pensions plan and your insurances at least for one year.

ad 4) be prudent when choosing your broker(s) and your bank(s). use only those which are protected by a deposit guarantee fund in exactly that amount you put there. transaction costs or payed interests are second to this.

ad 5) in order to reach your financial freedom over the long run, be not only a trader: be an investor! use as much as you can regarding rule nr. 3 and nr. 4 buying a diversified stocks portfolio. if you are not able to choose which stocks to buy, buy a portfolio of indices-etf complying with the core/satelite-approach. you can use that portfolio as a collateral for your margin trading - with a good broker/bank.

ad 6) in order to reach your financial freedom over the long run, be your own treasurer! manage your liquidity as any other bank or corporation does. seek the best interest bearing account under rule nr. 4. use one third of your liquidity for let´s say money market accounts. use another for 6 months maturity. use the last third for one years maturity. know that banks like new clients, they offer special conditions if you go there, maybe if you transfer a bit of your portfolio to them. this will help you to maximize your interest even in a time where cb offer zero to nothing interest rates.

ad 7) last but not least: know that this game is only about the bucks. real freedom, at best luck derives from family and friends. this game will adsorb much of your lifetime. ensure that you´ll stay out of the market at least for quality time for let´s say easter, christmas and sommer holidays.

hope that helps...

all that clowns predicting a big drop don´t even know what a big drop is. take a look at this:

like a malfunction clock showing the right time in 2 out of 1440 minutes they are.

silence means death: cat got burned to the bones. forex traders will never understand this market. totally lost. no idea what drive this market to new ath on and on. just looking at their silly short term charts, not owning any relevant portfolio, ignoring fundamentals because they don´t have a clue.

go and buy another second hand laptop

btw: dax on three months outperformance relative to other main indices. why?

because main components are exporting corporations. industrial, chemical, automotive. soft brexit and decreasing trade war fears.
if one believes in this, you should buy/overweight

basf
bayer
bmw
continental
covestro
daimler
henkel
infineon
linde
merck
mtu
sap
siemens
vw

thanks delta taking the time to share.... highly apreciated

you´re welcome. as long as i can save at least one, i think i did a good job.

i would add now - but no, heavy loaded, thx.

Long 13236, SL 15, TP 45.

D1, do you have any non-monetary goals for your trading?

edit: 5m chart

Delta

in your explanation you did mention " buy a portfolio of indices-etf complying with the core/satelite-approach."
would you be kind enough to explain the concept of core/satelite ?
thanks for the time and efforts

Google can help you there....

https://www.investopedia.com/article...-investing.asp

Out at BE

Try it again. Slightly later than ideal... Long at 13244. SL 15, TP open.

Buying the dip.... at least trying to...

Took half off at prior high - 13262. SL to BE.

Out at BE for the remainder.

sold it..day