Australian (ASX) Stock Market Forum

Futures and CFD trading

I hear you chops, barney and mrc & co.

There is so much I don`t know.

First step would be to open an IB account, to get the proper data, depth and volume.

You can pull the majority of the money out if you don't want to trade through them.
 
Man, nobody knows everything.

The possibilities in the trading world are ENDLESS! There are so many markets out there which do such big volume. You can scalp them with huge size, or even position trade others with even bigger size.

It's an endless persuit of 'perfection'.
 
Wysiwyg
I think everyone who's ever traded has been taken out at the bottom by his stop (or top) just prior to major move
Only one way to stop it happening is to take total responsibility for your trades and learn more about the market (cause it's always right )
I always use stop losses based on wave patterns or like the spikes your alluding to trade after the spike if volume etc is right as it should be a one day reversal and your wrong if it trades below that spike and you want to be out. Remember you can always reenter if your analysys says to but very hard after getting stopped out. Thats part of getting into control of your emotions (but not to reenter out of spite or you compound problem) The key is phsychology and control of emotions
 
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