http://www.findingdulcinea.com/features/feature-articles/2008/september/The-World-s-Five-Hardest-Races.html
http://www.cnngo.com/explorations/escape/worlds-toughest-endurance-challenges-152211
http://www.forbes.com/2005/03/30/cx_ns_0330feat_ls.html
http://www.toptentopten.com/topten/most+challenging+races+in+the+world
http://ashotofadrenaline.net/8-most-insane-endurance-events-in-the-world
http://listverse.com/2010/04/13/10-grueling-endurance-events/
http://jonny-smartblog.blogspot.com/2012/06/top-10-hardest-endurance-events.html
четвер, 23 серпня 2012 р.
пʼятниця, 10 серпня 2012 р.
fastest Way to Lose Money Day Trading List
Handle123
Registered: Aug 2007
Posts: 633
08-10-12 03:24 AM
Not having a TIME limit, on profitable trades that get your target, find out what the "mean" amount of time it took for these trades to take. Over staying your welcome usually causes losses.
If trend trader, and EMA is cutting thru middle of bars, that is chop.
Have set amount of loss before being stopped out to make new target your original entry price.
Breakouts normally come back to trendline or beyond to get rid of weak hands, often times this is best place to enter for first time.
Revenge trading cause your pissed trade took you out at or one tick beyond your protective stop.
Bored trading cause you want to be entertained instead of making money.
Having 1-2 entry signals and not having 40 reasons of money management.
Mistake trades and "hoping" they will come back, when hoping it means it is hopeless, just get out.
Not have a back up brokerage account up and running if you lose feed, not having backup Internet, T1, cable, DSL and satelite, pick two.
If you are scalping, using a smaller timeframe to get out of trade faster using Price action.
Not using Elliot wave- meaning, if too deep into existing trend, chances are you will be last to the party.
If you can't make a profit cause of the spread, really need to figure out different approach, it is so tough to maintain high degrees of concentration.
Not putting on trades first hour of the day session, best movements normally.
Don't trade just before a report. Slippage is a bitch.
Unless you can make money several years in a row and trading size, not prudent to avoid stops.
Unless your weekly losing percentages are under 10%, leveraging down is bad news for most. And when you do ave down, losses are staggering, so it must fit your personality and your account.
Drawdown, if method you are using doesn't match your personality, you won't be able to sleep.
When a signal is NOT a signal. Think of all the reasons when not to take that signal, bars expanding beyond the norm, world gov'ts, USA gov't, report coming out, 10.00pt one minute bar...
Being lazy, do your own work, forums were to give us ideas, not step by step approachs.
Leaving computer thinking you canceled all orders.
Nervous twitch in thumb and then find out you have four times as many.
Trading while drunk, flu, having sex and putting together Xmas bikes. Some had happy endings but all cost me money, LOL.
These are from MY experiences.
Registered: Aug 2007
Posts: 633
08-10-12 03:24 AM
Quote from Satan's Helper:
What are the fastest ways to losing money day trading that you know of? To start I have:
Not knowing the trend.
Chasing Stocks.
Giving up the spread.
Praying.
Not having a TIME limit, on profitable trades that get your target, find out what the "mean" amount of time it took for these trades to take. Over staying your welcome usually causes losses.
If trend trader, and EMA is cutting thru middle of bars, that is chop.
Have set amount of loss before being stopped out to make new target your original entry price.
Breakouts normally come back to trendline or beyond to get rid of weak hands, often times this is best place to enter for first time.
Revenge trading cause your pissed trade took you out at or one tick beyond your protective stop.
Bored trading cause you want to be entertained instead of making money.
Having 1-2 entry signals and not having 40 reasons of money management.
Mistake trades and "hoping" they will come back, when hoping it means it is hopeless, just get out.
Not have a back up brokerage account up and running if you lose feed, not having backup Internet, T1, cable, DSL and satelite, pick two.
If you are scalping, using a smaller timeframe to get out of trade faster using Price action.
Not using Elliot wave- meaning, if too deep into existing trend, chances are you will be last to the party.
If you can't make a profit cause of the spread, really need to figure out different approach, it is so tough to maintain high degrees of concentration.
Not putting on trades first hour of the day session, best movements normally.
Don't trade just before a report. Slippage is a bitch.
Unless you can make money several years in a row and trading size, not prudent to avoid stops.
Unless your weekly losing percentages are under 10%, leveraging down is bad news for most. And when you do ave down, losses are staggering, so it must fit your personality and your account.
Drawdown, if method you are using doesn't match your personality, you won't be able to sleep.
When a signal is NOT a signal. Think of all the reasons when not to take that signal, bars expanding beyond the norm, world gov'ts, USA gov't, report coming out, 10.00pt one minute bar...
Being lazy, do your own work, forums were to give us ideas, not step by step approachs.
Leaving computer thinking you canceled all orders.
Nervous twitch in thumb and then find out you have four times as many.
Trading while drunk, flu, having sex and putting together Xmas bikes. Some had happy endings but all cost me money, LOL.
These are from MY experiences.
четвер, 2 серпня 2012 р.
How to create a strategy
How to Create a Strategy
This is time-consuming part, but can also be fun. For me the real fun is testing out what I come up with in my time watching charts, but before we can test, we need an idea. How I generate ideas is by watching charts, both past and real-time. No matter what time frame I make my charts, I look for moves where there was good money to be made. Once I have found a move that looks profitable I start to ask myself questions about it:
-What precipitated the move?
-Was it a chart pattern, a candlestick pattern, a news event or certain time of day? These are samples of the questions you want to attempt to answer.
-Where could I enter?
-How could I have gotten into the trade?
-Looking at my answers from above, how could I take advantage of this opportunity in real-time?
-Does the pattern I am watching give an entry signal such as a break out of resistance/support/pattern, a certain amount of movement before it takes off, a certain time of day, a short term reversal pattern?
-Are there any indicators that aid in this?
-Does the currency pair generally stay within an average range for the day?
-Look for anything that would allow you to enter into the big move as it is happening.
-Where could I exit?
-This is very important – more important than the entry!
-What signals are present once the move has topped or bottomed and started to reverse?
-How can you stay in the move to capture the bulk of it, but also not give up too much profit when it reverses?
-Are there any indicators that aid in this?
-Would a trailing stop have allowed me to capture a large profit? If so, what should my trailing stop be?
-Would a fixed number profit target work (ie. if stop is $100, then profit target is $350)
-Does the currency pair generally stay within a certain percentage move for the day?
-Money management – is the trade worth taking?
-From the entry point you identify, what is your risk in dollars based on your position size?
-What is your potential profit?
-Based on the above two answers, was the trade worth taking? If the risk is too large, or you are getting into moves too late you will need to adjust. If you are giving up too much profit when prices reverse, you will also need to adjust.
-Other things to consider
-Does this signal you identify for entry occur at other times, and not just before large moves? I.e are you going to get a lot of false signals?
-Can you cut down on false signals by only trading a certain time of day, adding indicators, or pattern filters?
In short, you want to analyze your charts and look at them as opportunities. Then examine those opportunities and construct how you turn those opportunities into real money in your pocket, without exposing yourself to excessive risk. Once you have gone through several opportunities in this fashion you will be well on your way to making it a profitable strategy. See if the strategy worked on recent movements, and if it works on upcoming movements. If it does, then start testing it in real-time.
This is time-consuming part, but can also be fun. For me the real fun is testing out what I come up with in my time watching charts, but before we can test, we need an idea. How I generate ideas is by watching charts, both past and real-time. No matter what time frame I make my charts, I look for moves where there was good money to be made. Once I have found a move that looks profitable I start to ask myself questions about it:
-What precipitated the move?
-Was it a chart pattern, a candlestick pattern, a news event or certain time of day? These are samples of the questions you want to attempt to answer.
-Where could I enter?
-How could I have gotten into the trade?
-Looking at my answers from above, how could I take advantage of this opportunity in real-time?
-Does the pattern I am watching give an entry signal such as a break out of resistance/support/pattern, a certain amount of movement before it takes off, a certain time of day, a short term reversal pattern?
-Are there any indicators that aid in this?
-Does the currency pair generally stay within an average range for the day?
-Look for anything that would allow you to enter into the big move as it is happening.
-Where could I exit?
-This is very important – more important than the entry!
-What signals are present once the move has topped or bottomed and started to reverse?
-How can you stay in the move to capture the bulk of it, but also not give up too much profit when it reverses?
-Are there any indicators that aid in this?
-Would a trailing stop have allowed me to capture a large profit? If so, what should my trailing stop be?
-Would a fixed number profit target work (ie. if stop is $100, then profit target is $350)
-Does the currency pair generally stay within a certain percentage move for the day?
-Money management – is the trade worth taking?
-From the entry point you identify, what is your risk in dollars based on your position size?
-What is your potential profit?
-Based on the above two answers, was the trade worth taking? If the risk is too large, or you are getting into moves too late you will need to adjust. If you are giving up too much profit when prices reverse, you will also need to adjust.
-Other things to consider
-Does this signal you identify for entry occur at other times, and not just before large moves? I.e are you going to get a lot of false signals?
-Can you cut down on false signals by only trading a certain time of day, adding indicators, or pattern filters?
In short, you want to analyze your charts and look at them as opportunities. Then examine those opportunities and construct how you turn those opportunities into real money in your pocket, without exposing yourself to excessive risk. Once you have gone through several opportunities in this fashion you will be well on your way to making it a profitable strategy. See if the strategy worked on recent movements, and if it works on upcoming movements. If it does, then start testing it in real-time.
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