Big Mike's Trading Forum
 

Go Back   Big Mike's Trading Forum

> Trading Forums > Psychology and Money Management


Notices
     

Big Mike's day trading method and advice
Started:December 5th, 2009 (02:43 AM) by Big Mike Views / Replies:221,810 / 797
Last Reply:September 12th, 2013 (04:14 PM) Attachments:78

Welcome to Big Mike's Trading Forum.

Welcome, Guest!

This forum was established to help traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

BMT is fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 78  
 
Thread Tools Search this Thread

Big Mike's day trading method and advice

Old December 5th, 2009, 02:43 AM   #1 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received

Big Mike's day trading method and advice

Well this is a thread I've been meaning to create for a long time. It's not a journal of my trades. It's just a collection of thoughts.

If you don't like them, then don't read them But the intention in posting to this thread is in fact to benefit some people who will read these posts and have an "ahh-ha!" moment (I have had many over the years). It is also my intention to improve my own trading by making sure I am following my own advice.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 75 users say Thank You to Big Mike for this post:
     

Old December 5th, 2009, 02:59 AM   #2 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received

First, for those following me for the last year or more, you know I've changed my style a few times. At first I felt bad about this, I felt perhaps I was doing something wrong before and that anyone that followed me was possibly now doing something wrong, too.

But with time, I realized that just isn't how it works. There is no right or wrong. There is only the now. (Hi George!)

Tip

The details below are just to satisfy your inner-self In truth, they are to keep your interest in this thread so you will keep reading and hopefully discover something much more important. These chart details (time frames, indicators) are not important or relevant to this thread.



So, let me start by saying that I primarily trade CL (crude oil futures), and that I exclusively trade a 5 minute chart. I do not look at tick, volume or range charts, and I do not look at any minute chart smaller than a 5 minute. I do have a 60m chart up, and occasionally also look to a daily chart.

On my chart I have the following indicators:
- BMT Envelope Fib Bands
- Prior Day High, Low
- Current Week High, Low, and R1/S1/PP pivots [CMI Pivots Indicator]
- Prior Week High, Low, and R1/S1/PP pivots [CMI Pivots Indicator]

The BMT Envelope is set to use my BMT CollectiveMA as the midline, which is merely a combination of a SMA 9, SMA 34, SMA 100, EMA 20, EMA 34 and EMA 100. Why these six moving averages combined as one? Because it is my belief these six moving averages represent the vast majority of all moving averages used today by big traders, and by combining them all into one, I've made my own unique S/R trend-following indicator. The bands then calculate Fibonacci levels away from the midline.

You can find BMT Envelope Fib Bands and BMT CollectiveMA in the VIP section.

The remaining three bullets are there because I've learned that price interacts with these areas in a remarkable fashion and that you absolutely must have them on your chart, and you must be aware of them at all times.

I trade only with-trend. I do not short when price is above the midline, and I do not long when price is below it.

I trade 2 to 3 targets, with each target having 1 or more contracts. The first target is usually quick, 8-10 tick profit. The second target is set in accordance to price action (recent lows, swing levels, s/r levels, fib band, etc). The third target is a runner that usually goes for 50-75 ticks, or more.

My stop is usually about 16 to 24 ticks. Some may cringe at that. I set my stop in accordance with price action, but I also set it wide enough to avoid stop hunting. My goal is to only get stopped out when I've made a bad trade. I do not get stopped out when I picked the trend correctly but just missed the perfect entry by a few ticks.

On CL, 1 tick is $10.00 USD. CL is trading at about $75 as we speak, so a 24 tick stop (0.24) is roughly equal to 0.3% of the trading price. CL almost always moves 100 ticks before lunch and another 100 ticks after.

CL is a very volatile instrument. It is not for beginners. It makes ES seem like watching paint dry. More on why this type of trading better suits my personality later.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     

Old December 5th, 2009, 03:04 AM   #3 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received


I recently bought a Kindle. Am loving it.

I was waiting to pick up some new trading related books, and now with Kindle in hand, I have purchased a few on my wish list.

The first one I've been reading is The Daily Trading Coach by Brett Steenbarger. This is the first book of Brett's that I read, and already I feel very connected to him. I feel like in many ways, I could have written this book. We are in sync.

Most likely the next several posts in this thread will be about this book. I've made some 'Clippings' (on Kindle) specifically so I could share them with you, in this thread, and I've got quite a few stored up already.

Each clipping spoke to me and stood out in such a way that I wanted to post about it. Some of them may seem like common sense, but trading is about knowing your own weaknesses and strengths and even though I'm not a psychiatrist, I know that doing the right thing, or doing what is "common sense" is something that is sometimes very, very difficult.

So as you read the next several posts, don't just skim them and say "I already knew that". Really think about your trading. Think about your best days, and your worst days. Did you do these things? Can you improve upon them?

Stay tuned...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 7 users say Thank You to Big Mike for this post:
     

Old December 5th, 2009, 03:09 AM   #4 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received

From The Daily Trading Coach by Brett Steenbarger:


Quoting 
It's important not just to have goals, but also to directly experience yourself as capable of reaching these goals.

Subtle, but so incredibly useful. It made me realize I've been setting my goals based on reaching a certain profit for the day. Profit is something you cannot control! The only thing you can control is how well you trade, not whether or not you took money out of the market (and how much).

Now each morning, before I trade, I am going to literally take a moment and picture myself trading the entire day. Picture the before lunch moves, the after lunch moves. Picture myself executing exactly as laid out in my trading rules. And that will be the goal, to follow my rules as best as possible.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 13 users say Thank You to Big Mike for this post:
     

Old December 5th, 2009, 03:22 AM   #5 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received


Big Mike View Post
CL is a very volatile instrument. It is not for beginners. It makes ES seem like watching paint dry. More on why this type of trading better suits my personality later.

So why do I like such a volatile instrument?

Because in my years of trading, and in my many more years of just being, I've come to know and accept that I am not a patient person. Patience is a weakness for me, and I have to work very, very hard to overcome it.

CL suits my personality well because it has so many powerful moves with such great frequency, that I am able to force myself to have the (lesser) patience to wait for one. By comparison, ES often can be stuck in a 2-3 point range for an entire day, or at least hours on end. Being an impatient person, I succumb to overtrading in this scenario, which is the quickest way to bust an account.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     

Old December 5th, 2009, 04:51 AM   #6 (permalink)
Elite Member
Lagos, Nigeria
 
Trading Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Instrument: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,320 since Jun 2009
Thanks: 897 given, 1,529 received


Big Mike View Post
First, for those following me for the last year or more, you know I've changed my style a few times. At first I felt bad about this, I felt perhaps I was doing something wrong before and that anyone that followed me was possibly now doing something wrong, too.

But with time, I realized that just isn't how it works. There is no right or wrong. There is only the now. (Hi George!)

So, let me start by saying that I primarily trade CL (crude oil futures), and that I exclusively trade a 5 minute chart. I do not look at tick, volume or range charts, and I do not look at any minute chart smaller than a 5 minute. I do have a 60m chart up, and occasionally also look to a daily chart.

On my chart I have the following indicators:
- BMT Envelope Fib Bands
- Prior Day High, Low
- Current Week High, Low, and R1/S1/PP pivots
- Prior Week High, Low, and R1/S1/PP pivots

The BMT Envelope is set to use my BMT ConfluenceMA as the midline, which is merely a combination of a SMA 9, SMA 34, SMA 100, EMA 20, EMA 34 and EMA 100. Why these six moving averages combined as one? Because it is my belief these six moving averages represent the vast majority of all moving averages used today by big traders, and by combining them all into one, I've made my own unique S/R trend-following indicator. The bands then calculate Fibonacci levels away from the midline.

You can find BMT Envelope Fib Bands and BMT ConfluenceMA in the VIP section.

The remaining three bullets are there because I've learned that price interacts with these areas in a remarkable fashion and that you absolutely must have them on your chart, and you must be aware of them at all times.

I trade only with-trend. I do not short when price is above the midline, and I do not long when price is below it.

I trade 2 to 3 targets, with each target having 1 or more contracts. The first target is usually quick, 8-10 tick profit. The second target is set in accordance to price action (recent lows, swing levels, s/r levels, fib band, etc). The third target is a runner that usually goes for 50-75 ticks, or more.

My stop is usually about 16 to 24 ticks. Some may cringe at that. I set my stop in accordance with price action, but I also set it wide enough to avoid stop hunting. My goal is to only get stopped out when I've made a bad trade. I do not get stopped out when I picked the trend correctly but just missed the perfect entry by a few ticks.

On CL, 1 tick is $10.00 USD. CL is trading at about $75 as we speak, so a 24 tick stop (0.24) is roughly equal to 0.3% of the trading price. CL almost always moves 100 ticks before lunch and another 100 ticks after.

CL is a very volatile instrument. It is not for beginners. It makes ES seem like watching paint dry. More on why this type of trading better suits my personality later.

Mike

Mike,

Yeah, this thread and your post gives me "ahh-ha" moment.

I've been with you at your blog even before the creation of the BMT forum. I visited your blog nearly every day. You sent me e-mails and video links. I downloaded all the videos and played them several times. I've been very cautious of your changing of your trading styles (volume, range, regular renko trading styles, looking @ the bigger picture, etc) at all the times you did; and at a point I switched off from your style and method, with the exception of using Murrey Math, and looking at the bigger picture. I recently stopped using Murrey Math.

What I noted in your styles and methods is that there is always the idea that there a "right" and later a "wrong"; which to me is a kind off "trial and error" approach.

As a Computing and ICT Systems Engineer, my approach to designing a system or tool is to "get it right the first time and now", so that the system or tool can have a cost-effective, efficient and profitable edge (this may sometimes be difficult, but it is achievable). The design approach is always as follows;

- investigation/analysis

- design/layout

- coding

- testing (you can do all the trial and error here if it is desirable/necessary)

- live run/usage

So, that is the reason I detest "trial and error". What matters is "now".

I've been SIM-trading for a long time now (over 1 year) and have commenced opening a live account with Mirus. Using my design approach, I seem to love regular Renko (very much on NT7; I'm beta-testing NT7), even with the BMT Envelope Fib Bands (only the 1st version of BMT Envelope imports into NT7beta). BMT Confluence doesn't seem to be in the VIP Downloads section. Or do you mean BMT CollectiveMA ?

I'll meticulously follow this thread, specifically the aspects of Money Management and Advice, in view of my immediate plan to open a live account.

Thanks for the thread and BMT.

Lolu

Reply With Quote
     
The following 5 users say Thank You to lolu for this post:
     

Old December 5th, 2009, 02:37 PM   #7 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received


lolu View Post
BMT Confluence doesn't seem to be in the VIP Downloads section. Or do you mean BMT CollectiveMA ?

I'll meticulously follow this thread, specifically the aspects of Money Management and Advice, in view of my immediate plan to open a live account.

Thanks for the thread and BMT.

Lolu

Lolu, thanks for the feedback and kind words. I plan to update this thread often.

Yes, I meant BMT CollectiveMA, I will correct the above, thank you.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following user says Thank You to Big Mike for this post:
     

Old December 5th, 2009, 03:01 PM   #8 (permalink)
Membership Revoked
United States of America
 
Trading Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 450 received

Why a five minute chart or any timeframe for that matter?

Reply With Quote
     

Old December 5th, 2009, 03:39 PM   #9 (permalink)
Administrator: 'da Big Dawg
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Instrument: SP500, Stocks
 
Big Mike's Avatar
 
Posts: 31,210 since Jun 2009
Thanks: 20,753 given, 38,210 received


Zoethecus View Post
Why a five minute chart or any timeframe for that matter?

Because a 5m chart shows me exactly what I need, much better than other chart type or size. That's all that matters. I also believe that the majority of the successful traders, we're talking the 5% of traders that take 95% of the money, are trading a 5 minute or larger chart. But that's just gravy. If a 92 minute chart, or a 123 volume chart, or whatever worked for me then that's all that matters.

Also, let me throw out there -- This thread is not a journal. I'm not documenting entries and exits. I'm not showing a bunch of charts. None of that will help you if you don't already know how to make money trading.

Instead, this thread is about 'everything else' (the bold part of the above sentence). Too many people here are focused on "give me templates", "give me indicator", "show me entry", "show my exit". None of those things are the most important aspects of being a successful trader. I will attempt to show my opinion as to why that is in subsequent posts, but it's only going to be received by you if you are truly ready to open your mind to it.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 12 users say Thank You to Big Mike for this post:
     

Old December 5th, 2009, 03:52 PM   #10 (permalink)
Membership Revoked
United States of America
 
Trading Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 450 received



Big Mike View Post
Because a 5m chart shows me exactly what I need, much better than other chart type or size. That's all that matters. I also believe that the majority of the successful traders, we're talking the 5% of traders that take 95% of the money, are trading a 5 minute or larger chart. But that's just gravy. If a 92 minute chart, or a 123 volume chart, or whatever worked for me then that's all that matters.

Also, let me throw out there -- This thread is not a journal. I'm not documenting entries and exits. I'm not showing a bunch of charts. None of that will help you if you don't already know how to make money trading.

Instead, this thread is about 'everything else' (the bold part of the above sentence). Too many people here are focused on "give me templates", "give me indicator", "show me entry", "show my exit". None of those things are the most important aspects of being a successful trader. I will attempt to show my opinion as to why that is in subsequent posts, but it's only going to be received by you if you are truly ready to open your mind to it.

Mike

Why do you think 95% of successful traders use a 5 minute chart or higher? Is that just a hunch or do you have some evidence to support it?

When I started out trading the ES, I used a 5, 15 and 60 minute chart with no indicators. I no longer trade ES or time based charts because, with respect to the latter, some of those bars can get pretty big and destroy some good patterns that I relied on. Having said that, all traders should know that it's really not about the chart--it's the price that matters. The market could care less about whether this or that did whatever in this time or range frame, especially in a market as volatile as crude oil.

The fact is, too, all the information about the market is the same regardless what chart one uses. I don't know of a single professional trader--and by that I mean one who makes his living from trading--who will claim his edge is the setting of his chart. (Sort of like that basketball shoe commercial--"it's not about the shoes.") Think about that every time you tweak your chart looking to make the pieces of the puzzle fit better.

Reply With Quote
     
The following 15 users say Thank You to Zoethecus for this post:
     

Reply



Tags
1-2-3, 123, 2nd entry, 30 minute, 5 wave, 5m_chart, 6 range, 6b, 6e, 6r, 9.1, aapl, abc, accord, account, account size, accounts, accurate, adaptive, addiction, adp, advisor, adx, ai, al brooks, algo, algorithm, all_you_need, alpha, alternative, amazon, amp, analysis, angle, api, ari_kiev, artificial intelligence, ati, atm, ats, auction, auction market, audio, auto trading, auto-trading, automated, automated strategy, automated trading, automation, axis, back testing, backtest, bars, basic, bat, beat, beginner, behavioral, belize, bellafiore, benchmark, beta, better indicators, better volume, bid, big mike, birthday, bloomberg, bmt collectivema, bond, book, bot, bracket, breadth, breakout, breakouts, brett steenbarger, brett_stenbarger, broker, brokerage, brokers, bull market, business of trading, butterfly, c#, cable, calls, candle, candle patterns, cci, cd, ces, challenge, change, channel, charges, chart, chart patterns, chart style, chart trader, chart type, charting, charts, charttrader, china, choice, chop, christmas, cl, cl trading, climate, close, cma, cmi, cmi pivots, cnbc, code, coding, cog, collective, color, colors, combination, combine, commodities, commodity, comparison, condition, connection, consistency, contract size, contracts, control, convert, corn, corporate, correlation, costa rica, costs, cot, cot report, courses, crash, create, credit, crossovers, crowd, crude, crude oil, crude_oil_futures, cumulative delta, currency, custom, cycle, daily, daily range, data, data series, data source, dax, day, day trade, day trading, daytrading, day_trading, delta, demand, demo, derivative, desktop, development, diary, direction, discipline, discretionary, doc, dog, dollar, dom, double bottom, double top, dow, downloads, dragon, drawdown, dtn, dynamite, e-mini, easylanguage, ebooks, ecb, ecn, edge, education, educational, efuturevision, el, elite, ema, emini, emotions, employment, enter, entry, envelope, equilibrium, equity, equity curve, error, errors, es, etf, eu, euro, european, evaluation, event, excel, exchange, execution, exit, expansion, extend, extension, favourite, fdax, fear, fed, feed, feeds, fibonacci, file, fill, filled, filter, filters, fin-alg, fix, flag, flow, fold, footprints, forex, forex account, format, formula, forward testing, free, freedom, function, functions, funds, future, futurepath, futures, fx, ga, gambling, gap, gaps, gartley, gauge, gc, globex, goals, gold, gom, gp, greater than, group, guide, guru, habits, head and shoulders, hedge, hideout, high, histogram, historical, historical data, hold, holiday, holy grail, holy_grail, homework, horizontal, hotkeys, how to, how to make money, how to trade, how-to, improvement, in the zone, index, index futures, indexes, india, indicator, indicators, inflation, insanity, instance, instrument, instruments, interest, interest rate, interval, intraday, introduction, intuitive, investor rt, jobs, journal, journaling, journey, kindle, l2st, ladder, language, large account, learn, learning, left brain, level, leverage, life, limit, limit order, limit orders, line, liquidity, list, live, live trading, living, load, loop, lot, love, low, mae, make money trading, management, manual, margin, mark douglas, market, market data, market delta, market order, market profile, mark_whistler, master, mastery, materials, math, matrix, matt davio, maximize, mc, median, meeting, mental, mentor, mentoring, method, methodology, metrics, mfe, microsoft, middle east, mind, mirus, mirus_futures, ml, mode, modify, money management, money_management, motorcycle, moves, movie, moving average, mp, mtf, multi charts, multiple, multiple time frames, multiple timeframes, murrey_math_lines, music, naked, names, need help, network, new high, new indicator, newbie, news, ninja, ninja indicators, ninjatrader, nlp, not set, note, nt, nt optimization, nt7, nt7beta, nyse, object, oil, open, option, options, order, order flow, order management, orderflow, orders, overnight session, p/l, package, paid, pair, paper, paradise, parallel, parameter, parameters, pardo, partner, pat, pattern, patterns, peace, percent, perception, performance, period, perry, personal, phone, photon, photontrader, physical, pivot, pivot lines, pivot points, pivots, plan, platform, platforms, plot, poker, position size, position sizing, position trading, positions, practice, prediction, price, price action, price zones, price_action, prizes, profile, profit, profit taking, profit target, profitable, program, program trading, programmer, project, projection, proprietary, psyche, psychology, pullbacks, pulling the trigger, purpose, puts, pyramid, quant, question, questions, range, range bars, range chart, ray, real time, recognition, recording, reduce risk, reliability, reliable, replay, research, resistance, restore, retire, retracement, retracements, reverse, review, right brain, risk, risk management, risk/reward, ross_hook, ruin, rules, runner, russell, sample, save, sc, scale in, scalp, scalper, scan, screen capture, script, scripts, searching, self control, sentiment, series, session, settings, setup, sf, shark, sharpe, short term, signal, signals, sim, sim trading, simple, sim_trading, sine wave, skype, slippage, sma, small, smb, smb capital, software, sound, sp, spectrum, speed, spike, spiral, split, spreads, spreadsheets, squeeze, start, statistical, statistical analysis, statistics, steenbarger, stock index futures, stock market, stocks, stop, stop limit, stop loss, stopp, stops, strategy, strategy development, strength, stress, string, studies, supply, supply and demand, support, support and resistance, support_and_resistance, survey, swing, swing trading, syndrome, system, systematic, systematic trading, systems, t3, ta, tape, targets, technical, techniques, template, terms, testing, tf, thank you, tharp, thinkorswim, tick, tick chart, ticks, time, time frames, time series, timeframe, tor, tos, tpo, trade, trade journal, trade management, trade setups, trade station, trader, traders, trades, trading, trading buddies, trading buddy, trading futures, trading in the zone, trading journal, trading method, trading plan, trading psychology, trading room, trading strategy, trading system, trailing, trailing stop, trailing stops, training, transformation, translate, transparent, travel, trend, trend following, trend line, trend trading, trin, tv, type, uk, united states, universal, update, us markets, value area, values, video, virtual, vision, volatility, volume, webinars, wicks, will power, win rate, wolfe wave, workspace, ym, zenfire, zone
     

Big Mike's Trading Forum > Trading Forums > Psychology and Money Management > Big Mike's day trading method and advice

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice on Trading 6e and 6a for newbie grego Forex and Currency Trading 10 January 3rd, 2012 08:43 AM
Big Mike's Best of Trading 2010 Big Mike Feedback and Announcements 82 November 3rd, 2011 10:53 PM
My Journey to Produce High Quality Videos on Big Mike's Trading Forum HowardCohodas Tech Support 0 June 12th, 2011 07:04 PM
Advice on Trading Methods tderrick Traders Hideout 2 October 1st, 2010 03:36 PM
Enter to win: Free Elite Membership to Big Mike Trading Big Mike Feedback and Announcements 30 June 29th, 2010 07:56 AM


All times are GMT -4. The time now is 03:33 AM.

Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Copyright © 2014 by Big Mike Trading. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts

Page generated 2014-04-25 in 0.33 seconds with 20 queries on phoenix via your IP 54.205.59.78