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Old 05-23-2017, 02:40 PM   #51
rand
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Re: "Micro-stakes" trading

I will also say that if you are trading a $100 account you might as well trade a paper account, which is (near) worthless.

Unless you live in some parts of Africa and India lets say, that is not capital, as someone said above, that is drinking money (I don't say this to be insulting...).

If it is not drinking money to you then you need a job.

If it is drinking money to you then you need to trade with real* money so that it means something and that you learn real lessons.


*And no TS, I dont mean gold and / or silver (ffs is that a wink?)
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Old 05-23-2017, 03:04 PM   #52
TimM
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Re: "Micro-stakes" trading

Quote:
Originally Posted by rand View Post
Corn is more conducive to learning. It has shallower and longer trends.

What I am saying is if you are going to start, "personality*" wise, newbies should trade corn and not oil or silver.
Or you could search the many thousands of stocks and find the ones that have been steadily trending up for almost a decade or more, with no sign of stopping. Those tend to be really forgiving instruments to trade on the long side.
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Old 05-23-2017, 03:56 PM   #53
CandyKreep
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Re: "Micro-stakes" trading

Chances are I will either tire of this or blow up the account. But since I started it, I'm not going to quit just yet.

The trailing stop on my USD/CHF short was just hit for +200 pips ($19.45 after commissions). AUD/JPY short still being difficult and about halfway to my SL now. Will have to hope for a bounce off the 84.50 resistance or else these two will be practically a wash.
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Old 05-23-2017, 08:14 PM   #54
:::grimReaper:::
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Re: "Micro-stakes" trading

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Originally Posted by mrbaseball View Post
Looking at a chart is TA. If you think TA is bs there is no reason to look at a chart. And a candle? That is even more refined TA
Candles aren't necessarily TA. I could plot the local temperature or my blood sugar levels with a candle/bar and it has nothing to do with TA.

Trading a chart with no indicators, charting tools or volume, or generating strategy not mentioned in TA books as TA is debatable.

Sent from my SAMSUNG-SM-G925A using Tapatalk
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Old 05-23-2017, 08:49 PM   #55
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Re: "Micro-stakes" trading

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Originally Posted by :::grimReaper::: View Post
Candles aren't necessarily TA. I could plot the local temperature or my blood sugar levels with a candle/bar and it has nothing to do with TA.

Trading a chart with no indicators, charting tools or volume, or generating strategy not mentioned in TA books as TA is debatable.

Sent from my SAMSUNG-SM-G925A using Tapatalk
A chart is a visual representation of the market. That is all TA is yet all you want to do is bash it. A glance at a chart gives all sorts of useful technical information like the range of the time period, the trend (if any), congestion areas (ie support/resistance) etc. Only a fool would trade without looking at charts yet charts are 100% TA.

And candles are pure TA.
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Old 05-24-2017, 01:31 AM   #56
mark "twang"
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Re: "Micro-stakes" trading

@ Mr. Baseball,

Thanks for your contributions to the thread. Even though I have a great deal of respect for the naysayers of TA, I'm sure it's possible that someone with a large amount of experience using TA has an understanding of certain edges that the naysayers may not be aware of.

Do you specialize in one specific market or trade in several? Do you trade equities? Commodities? Options?

I won't ask for you to give away any specific strategy, but do you mainly look for short-term scalps? Ex: Wait for a trending bull market to show momentum and then shove all in in order to capture 10 pips or so and then immediately exit the trade?
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Old 05-24-2017, 04:02 AM   #57
mrbaseball
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Re: "Micro-stakes" trading

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Originally Posted by mark "twang" View Post
@ Mr. Baseball,

Thanks for your contributions to the thread. Even though I have a great deal of respect for the naysayers of TA, I'm sure it's possible that someone with a large amount of experience using TA has an understanding of certain edges that the naysayers may not be aware of.

Do you specialize in one specific market or trade in several? Do you trade equities? Commodities? Options?

I won't ask for you to give away any specific strategy, but do you mainly look for short-term scalps? Ex: Wait for a trending bull market to show momentum and then shove all in in order to capture 10 pips or so and then immediately exit the trade?
I trade short term, mostly energy commodities (HO, RB and CL). I use a lot of support/resistance, trend and momentum in my trading.
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Old 05-24-2017, 05:43 PM   #58
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Re: "Micro-stakes" trading

Long NZD/CAD @ .9452
SL @ .9300 support level
Target @ .9550 resistance level
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Old 05-26-2017, 05:27 PM   #59
Rikers
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Re: "Micro-stakes" trading

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Originally Posted by CandyKreep View Post
Long NZD/CAD @ .9452
SL @ .9300 support level
Target @ .9550 resistance level
repost for your benefit... *

you have several tick-by-tick manual trading simulators... (that you can speed up)

this is the same as your 100 USD live trading, with the benefit of you trading 1 month in 1 day pretty much...


*smiley to make this post more persuasive
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