Thanks for the sweet market insight into the minds of the people on the 'right side'. You have no idea how apt this comment is, lol.

james16 Chart Thread

While it was a good trade (ie, your risk was controlled and the potential gain was substantial), your conclusions about the drivers behind the move are completely wrong. Indices don't sell off sharply for 2% because they are 'overvalued' and hit ...

james16 Chart Thread

great minds...

james16 Chart Thread

That's not liquid, at all. And I'm pretty sure *I* could run your stops You should probably avoid that.

james16 Chart Thread

I suspect that has more to deal with the marketability of The Secret Methods that Turned Ordinary People into Legendary Traders!@#$%&* as opposed to.. less sensational works (in the end, I suspect we actually agree - the math needed to implement ...

james16 Chart Thread

It's the average amount per trade that you should expect to make on that trade, over the 'long term' (without dorking it up too much and getting into variance or central limit theorem) (ugh, dorked). The usual trite example is a coin flip. Do it ...

james16 Chart Thread

Depends on the probability. url I'm on Team Mike.

james16 Chart Thread

I was in Hout Bay a few months ago - beautiful place! Welcome - a couple of posts that make the thread easier are the first post (as you discovered), this one for acronyms, this one for 'what the hell is a PPZ', and this one for thoughts on R:R from ...

james16 Chart Thread

Well picked

james16 Chart Thread

Wish I could take credit, but its a quote from the greatest movie ever made - The Good, The Bad and The Ugly. My biggest weakness used to be being unsure of myself, second guessing, wanting 23 independent opinions, etc before i acted; kind of an ...

james16 Chart Thread

That's his misinterpretation. You called it right. It wasnt a BUOB in candle, bar, or dogs-stacked-head-to-tail form.

james16 Chart Thread

lol. Bars and candles show the exact same information. You are only ever going to be using a fraction of it at a time, assuming you are using proper position sizing and appropriate risk management. There is no reason to forgo the interest income on ...

james16 Chart Thread

Can you afford to trade full lots? You have a large account. Mini lots? Small account. Microlots? Micro account. Live trading with no demo? No account. As a really, really rough wirintg-on-an-iphone-and-wanting-to-kill-myself guide, with 2% risk, a ...

james16 Chart Thread

That doesnt really mean much in isolation though. Long eq funds got slaughtered, and were always going to. Short fixed rate books had a field day. Directional and non-directional option traders made packets. Whether George Soros or Mark McGoldrick ...

james16 Chart Thread

lol, no need for that. I just worry when people start wandering down the road that involves skipping the simple things that they can successfully implement for the complex things that are significantly harder to translate into positive account ...

james16 Chart Thread

Why do you think something will fall because it is at its all time high? Why do you think 'too much buying' would cause an instrument to fall, let alone below the last runup? Would you consider 'short every new high' and 'always fade strong buying ...

james16 Chart Thread

I daresay anyone asking where to find that information has little to no use for it.

james16 Chart Thread

Uh, the ECB saying they are going to engage in potentially half a trillion worth of non-sterilised bond purchases? You are a wise man. Most people misinterpret these things quite badly and end up shooting themselves in the foot. Eleven and a half ...

james16 Chart Thread

5y/10y treasury notes (ie, us gov 'bonds') It's an indicator of credit conditions. Take the difference between yield on a treasury and the rate on a fixed leg of a swap - tells you how much *more* a business has to pay than the US government for ...

james16 Chart Thread

Something Bad happens. People get worried about future. Risk bad. People sell stuff to reduce their exposure (read: risk) Sellers > Buyers = falling prices Falling prices scare more people. More people sell stuff. Wash. Rinse. Repeat.

james16 Chart Thread