Hmmm, I thought placing a trailing stop would be a prudent thing to do. I had to go to sleep last night and wanted to prevent a disaster. As it turns out, I was stopped out when it retraced. It since is up another 20 pips. But I did get a nice 50 ...

Trailing stops

Thanks, Nitman. I do understand that. What I'm asking is how do I determine how far away to set the trailing stop? I just randomly chose 20 pips and it's worked out well tonight but I bet that isn't always the case. Would average daily range help ...

Trailing stops

Do you suggest Nison's 1st or 2nd book? Or both? Squid

tell me what you think of my strategy

That's a good site, Renasdad. Have you ever tried any of their courses? If so, are they any good? Squid

Need a brokerage with demo and web based realtime charts

My company monitors everything I do. I can't even access anything non work related on the web There was a time they didn't want us to even make personal phone calls but there was such an uproar they don't enforce that any longer. Another reason I ...

Need a brokerage with demo and web based realtime charts

I'd like to thank everyone who took the time to answer my question. Very interesting answers from all of you. It seems the majority feel that emotions/psychology is the difficult part in becoming a good trader. Yet the answer that scared me the most ...

Why so hard?

I started with the Beginner's forum. It helped me a lot and gave me pointers to all kinds of places to learn. Lots of good info there. Squid

GBPUSD

lol exactly what I was thinking of doing. And going back in old charts to see if I can spot them. Sick and twisted, huh? Squid

Candle Patterns

You need to get yourself electronic Uillean pipes to round out that collection.

Candle Patterns

Cool link, Bemac! I really like the reliability ratings - good for a newbie like me. By the way, I see you must be Scottish. I'm a piper myself. Squid

Candle Patterns

Cool! Care to share what kind of system you use? Squid

Boring day

Good advice, as always, Stockwet. Thanks! Squid

Boring day

I'd say that work is unfortunate! ;-) I'm hoping in less than 5 years to be able to quit my job and live off trading. Squid

Boring day

I share your concern. I'm curious why no one has answered this. Surely it's an issue? Squid

Security of Trader's Funds

It helps me, Dial. I had read your post about this on the beginner's forum a few times but it didn't sink in. This post is easier for me to understand for some reason. Maybe you could add it as a sticky to the beginner's forum? Squid

Information For Beginners