Tip 1- Use statistics to avoid bad setups, and enter and exit at high probability areas
Example: Wanting to join an early trend on a pullback? It probably is a bad idea to enter before 50% retrace.
Elliott rules even say wave 2 typically retraces to 78.6%, so it's probably a good idea to wait for a big retrace before going in.
Of course, and this could be...
Note I am using GBPJPY, a favorite of high leverage day gamblers as it has the biggest range of the 30 leverage pairs.
I am not "spreading FUD", if day gamblers want to lose their money I do not care. Actually I like it.
Finding success is satisfying but additionally watching others fail has an added sweetness that is irresistible.
This is simply a reminder to...
Going to expose my recent half month history and then talk a bit about boredom trading in general.
Hey, so I guess I'm the typical breakeven trader now.
Usually they say "you'll give all your profits back" at least I am able to breakeven.
I think my timeframe is 2 weeks because I often think in half months like many think in quarters or months or days.
And the...
This educational post shows how exploiting trends can deliver profits in the long term, by living for the big trends. This is a no-targets system that uses the ATR. Trend switches define entry positions and the markets decide exit positions. Scaling-in of position sizes is an advanced higher risk technique. Those lacking experience and with small account sizes...
Hey everyone, YoungShkreli here
Every now and again, I reflect on my trades and see if I can pull something from my past that will help you all in the future. So gather around the campfire, have some smores, papa Shkreli is going to tell you all a story.
The date is April 11th 2018. Tomorrow, there will be one of the biggest, if not the biggest, short squeezes...
