Trading Indicators

what is a suitable benchmark for currency trading in the Eur, the USD and the BRL?

admin — Tue, 08 Feb 2011 17:15:19 +0000

my home currency is euro and i have made currency trades in dollar and in brazilian currency. i need to compare or benchmark these trades. what is a suitable benchmark for these and also for leaving my euro money on deposit????

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about currency trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about currency trading and there have been some pretty good answers that should help in your trading, and especially in relation to currency trading, the answer has been posted in the categories listed below:

How does international trade impact the key Canadian economic indicators like the unemployment rate…?

admin — Sun, 06 Feb 2011 07:36:37 +0000

How does international trade impact the key Canadian economic indicators like the unemployment rate and productivity? Explain.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to trading indicators, the answer has been posted in the categories listed below:

Personal Finance………..?

admin — Sat, 29 Jan 2011 00:42:52 +0000

1. Match the following words to its correct definition.
A. General and progressive increase in prices
B. Investment in which you are loaning money for a certain time period to the issuer
C. Individual retirement account in which a person can set aside after-tax income up to a specified amount each year, earnings are tax-free, and tax free withdrawals may be made after age 59 1/2
D. Distributions of profit a company pays you because you own stock in that corporation
E. Supplemental retirement system in the United States
F. Individual Retirement Account
G. The amount of money you make on an investment in relation to the amount of time your money is invested stated as an annual percentage
H. Quick and easy way to estimate how long it will take for you to double your money
I. Type of tax-qualified deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her cash wages to the plan on a pretax basis
J. Retirement plan for certain employees of public schools, employees of certain tax-exempt organizations and certain ministers
K. An exchange where security trading is conducted by professional stockbrokers
L. The age at which someone stops working permanently
M. Asset purchased for profit
N. An arrangement to provide income to people when they are no longer earning income
O. Collection of financial securities (stocks, bonds, cash) that is managed by a company or a person on behalf of many investors

Rule of 72
Dividend
Mutual Fund
Bond
Stock Market
Rate of Return
Inflation
Pension
Retirement
Social Security
IRA
Roth IRA
401K
403b
Investment2.

How do mutual funds reduce risk?
A) They invest in stocks
B) They provide investment diversification
C) They use an investment manager
D) None of the above

3. Your grandpa is 62 and asks you if he is eligible to collect Social Security. What do you tell him?
A) He could collect his full payment now.
B) He could have started collecting at age 59 1/2.
C) He can receive reduced payments now.
D) None of the above.

4. Which type of account is usually used when employees can have a matching contribution from their employer?
A) Roth IRA
B) Traditional IRA
C) 401k
D) 403b

5. In the future, you and your friends plan to receive Social Security after you retire. At what age can you currently plan to receive full benefits?
A) 59 1/2
B) 62
C) 65
D) 67

6. Which type of individual retirement account should you choose if you want your contributions to be tax deductible?
A) Roth IRA
B) Traditional IRA
C) 401k
D) 403b

7. When you reinvest dividends,
A) you will receive them by check
B) you will receive them by direct deposit
C) the dividends are deposited into a Certificate of Deposit
D) the dividends are used to buy more shares of stock

8. Bonds are known as
A) fixed income investments
B) equities
C) dividends
D) no load mutual funds

9. When you purchase stock in a corporation
A) you are loaning money to the corporation
B) you are technically becoming a part owner of that corporation
C) you do NOT earn the right to vote on the direction of the company
D) you have to own the stock for at least one year before you are allowed to sell it.

10. Which of the following is the oldest measure of the U.S. stock market and the most widely used indicator of stock market activity?
A) The NASDAQ
B) The S&P 500
C) The Dow Jones Industrial Average
D) The Russell 2000

11. The total value of the securities a mutual fund owns divided by the number of shares outstanding is known as the mutual fund’s
A) Face Value
B) Net Asset Value
C) Market Value
D) Yield

12. Mutual Funds called "load" funds charge a high flat fee whyou purchase the fund or sell the fund.
A) True
B) False

13. TD Ameritrade is an example of a full-service brokerage company.
A) True
B) False

14. Treasury bonds are considered to be more risky than owning stocks.
A) True
B) False

15. A Roth IRA is beneficial because your withdrawls are tax-free.
A) True
B) False

16. IRA stands for Important Retirement Assets
A) True
B) False

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about futures trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about futures trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to futures trading indicators, the answer has been posted in the categories listed below:

best forex indicator?

admin — Thu, 27 Jan 2011 10:12:40 +0000

which is the best Forex indicator that can help to makes 100/pips a day?

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about forex indicators and there have been some pretty good answers that should help in your trading, and especially in relation to forex indicators, the answer has been posted in the categories listed below:

What does this news article about Ford stock really saying?

admin — Wed, 26 Jan 2011 00:02:20 +0000

Ford Motor (F) Falls As Market Continues Slide
Posted: Thursday, May 20, 2010 10:01 AM EDT

Ford Motor (NYSE: F) opened at .04. So far today, the stock has hit a low of .01 and a high of .26. F is now trading at .22, down {content}.33 (-2.86%). Over the last 52 weeks the stock has ranged from a low of .06 to a high of .57. Shares of F are trading lower this morning as investors continued to push the market lower on fears that the recovery of the global economy could get tripped up by debt troubles in Europe. Technical indicators for the stock are neutral and S&P gives F a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on F the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

I am having a hard time understanding it…………

http://www.marketintelligencecenter.com/articles/1111144

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about Technical Trading Indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about Technical Trading Indicators and there have been some pretty good answers that should help in your trading, and especially in relation to Technical Trading Indicators, the answer has been posted in the categories listed below:

How much money could I make day trading stocks?

admin — Tue, 25 Jan 2011 17:14:10 +0000

How much money could I make day trading stocks?

I’m new to stocks and am just starting to learn the ins and outs…because I’m a beginner I just want to start off day trading maybe 100 bucks worth of a stock to get the hang of it…how much could I make by just selling high and buying low all throughout the day?

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about day trading and there have been some pretty good answers that should help in your trading, and especially in relation to day trading, the answer has been posted in the categories listed below:

Is forex currency trading similar to trading Derivatives?

admin — Fri, 21 Jan 2011 17:12:18 +0000

Can a Good Foreign Exchange Currency trader also trade derivatives? I am pretty good at trading currencies but I am getting very good offer in a Bank for trading Derivatives … I dont know can I do that.. How is it>?!

How to trade stocks using Price as an indicator?

admin — Thu, 20 Jan 2011 19:34:51 +0000

I always hear people talking about using price as a great method to trade stocks by, could someone explain some methods?

I am always looking for new methods to trade and would like to learn as much as I can about some techniques using price.

Please feel free to go into depths and provide links.. Thanks to everyone who contributes, I appreciate your help!

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

STANDARD ERROR: Linear Regression Trendline?

admin — Fri, 14 Jan 2011 22:17:01 +0000

CAVEAT: I have a limited knowledge of statistics and and am not particularly adept with respect to formulas. Hence, kindly explain using prose if you would.

ISSUE: Using stock trading software by prophet.net, a 64-day Linear Regression Trendline ("LRT") is currently the best fit for a particular stock. The 64-day LRT has an R-squared of .933. Now, the trading software has an indicator called "Standard Error Bands" which allows you, for example, to enter (64,3), (64,2), (64,1) etc. In this example, of course, the indicator plots "standard error band" values ("SE") (3SE, 2SE, 1SE etc.) both above and below the 64-day LRT.

With all this in mind, I have researched how to calculate "standard error" but my results don’t seem to match the trading software. The trading software determines the 64-day LRT by using the CLOSING prices for the last 64-days. Can someone give me a step-by-step on how to calculate the 1SE of the 64-day LRT. ASSUME THAT I ALREADY HAVE THE LRT VALUE–I do.
It’s my understanding that the "Standard Error" is the "Standard Deviation" divided by the square root of the number of samples. I tried taking the Standard Deviation of the Closing Prices over the last 64 days and, alternatively, the Standard Deviation of the 64-day Linear Regression Trendline itself–both of which come out to 3.15 and 3.18 respectively, and then divided both of those numbers by 8, which gives me a value of .39 or so for 1 Standard Error. The software, however, has a value that is much greater–closer to .80.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about day trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to day trading indicators, the answer has been posted in the categories listed below:

I seriously think I can make a fortune in forex trading?

admin — Wed, 12 Jan 2011 07:56:33 +0000

Well i have been learning about stock trading for 6 years and have developed a good system. Forex is a little different. I started last january. i blew up within weeks because i was uing 400:1 leverage. i also wasent cutting my losses. Anyway through some experience i think i have it a ltitle figured out. What i have to do is wait patiently for a trend to form and act on it. I have about 500 in my account right now trading 50:1.. i cut my loses at 20 pips and let my profits run. until there is a reversal. ii incorperate the fibonacci retracement signals amounst a few ocilattors/indicators. I also keep an eye out on the news that would affect a currency pair. I have also read a few forex traders turning a couple grand into 10s of thousands their first year. I honestly believe this can be me.. can any experienced forex trader advise me?
uhh its actually a minus sum gamethe winner does not make all the money with slippage and commissions look up alexander elder.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about forex trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to forex trading indicators, the answer has been posted in the categories listed below:

I want to know how to read a stock and what Indicators should I look at to predict price movements?

admin — Wed, 05 Jan 2011 19:37:55 +0000

I am new to stock trading. The platform I use is ThinkorSwim from TD Ameritrade. I am investing a start with ,000 as a beginner. So any help will be great for a start up like me.

1. How to read a stock?
2. What stock Indicators should I read on a certain stock
3. How do I select a stock that us going to make some money for me LOL

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

When charting a Security as a Swing Trader what are the best time periods to use on your charts?

admin — Tue, 04 Jan 2011 09:44:24 +0000

I am learning to swing trade and I would like to know what the general opinion is on what time frame iI should set my charts to so That I can optimize my ability to read my indicators.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about swing trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about swing trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to swing trading indicators, the answer has been posted in the categories listed below:

What is the most affordable way of doing day trading?

admin — Fri, 31 Dec 2010 17:16:38 +0000

Hello,

Can individuals do day trading in Nasdaq? What would be the best way to do it to minimize commission costs?

Thanks…

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

Forex Currency Market Trading – Which Forex Signal Generator Software Gives You The Best Results?

admin — Thu, 30 Dec 2010 17:12:00 +0000

Specially from the viewpoint of forex data mining, analysis and reporting, which currency trading system meets your needs for a "power tool"?

What is the link between an improving economy and rising govt. bond yields?

admin — Tue, 28 Dec 2010 17:15:21 +0000

Happy Christmas and New year to all.

I’m learning about forex and the book that I am reading (Forex for Dummies) mentions rising 10-year government bond yields as a possible indicator of a currency that may be on the way up in relative value. The logic is that the increase in bond yield indicates a rising economy and therefore a greater possibility of an interest rate increase at some point in the future in order to keep a tab on inflation. Therefore more buying interest in the currency now and a rising relative currency value.

The link that I cannot make is the link between the rising economy and the rising bond yield. Is it because people are dumping bonds and buying stocks instead, thus pushing the bond price down and the relative value of the yield up. Or what?

Thanks.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

need a opinion on a forex strategy?

admin — Mon, 27 Dec 2010 07:59:37 +0000

i need an opinion on a forex strategy i use. here is what i use my time frame is the daily charts and i only trade the majors i use the following indicators Heiken-Ashi, and a 5 day on the open & 6 day on the close EMA plus a MACD and the ADX indicators on the bottom and i trade the crossovers is there anyone here that trades the forex with a similar setup what im looking for is just some opinions from some more experienced forex traders ive been back testing this for a couple of months and seems to be profitable but maybe i might just be missing something a more knowledgeable forex trader might be able to help me tweak it some more i realize there is no holy grail but any opinions would be greatly appreciated thank you for your time ive traded stocks for 30 years but the forex is a whole new ballgame

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

where can I find a good technical stock screener?

admin — Mon, 27 Dec 2010 00:00:59 +0000

I need a stock screener to work on my trading.where can i find a good technical stock screeners for technical indicators? anyone have suggestions for me? Thanks

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about Technical Trading Indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

trading career??????????? and eduational map to success?

admin — Thu, 23 Dec 2010 07:35:30 +0000

Well im 20 years old starting community college in January. I must say i will do everything in my power to get the highest GPA possible 4.0 hopefully. At CC im going to try and get into the Phi Tetta Kappa. Then i plan on transfering to university of Pittsburgh. My reasons are simple to save money. Although i did drop out of highschool my senior year. I am going to double major in computer science/economics or finance/economics. Im not sure but one thing is everybody ive talked to in my chosen profession, trading specifically proprietary trading, would agree that a computer science degree and being able to program is a +++ on your resume. Right now im relearning Russian, since im Russian just suffered language attrition, and in college i will be learning French. At PITT i plan on joining the trading club, parkour club, finance club, and investmant banking club. I also plan on obtaining an international business certificate, which requires international study abroad in chosen language or internship (France or Russia)… Im also working part time right now and plan on doing so throughout my education unless it gets in the way of a great GPA. My goal is to get recommendations from professors and a high GMAT score and work experience when i get out then to an ivy league MBA or MSF program. To pay for school the first 2 years shouldnt be a problem since its community college 8K total a year. then i will take out loans for the university. i know trading is what i do best and its my passion so success is a byproduct of all the hard work i put into it and i expect nothing less in the back of my head, but at the same time im not afraid of failure Ari Kiev preaches in his books simply psychology for traders and i must say i learned alot. But when i finish school i plan on moving to Chicago and gettng a prop trading position and doing very well one good trade at a time.. then who knows possibly hedge funds or a top prop shop where being a millionaire isnt anything special. Does my plan sound good? i think it feels right deep down and its what i want to do, so regardless its my plan but i just wanted some critisism and suggestions? thank you

btw my part time job is 50% for stock market trades and 50% for school.. I need to run my account because prop firms LOVE people who have traded before and they absolutey LOVE people who have passion, but alot ofpeople say they do when in reality they really dont and a simple questions like whats your favorite book or what trading blogs do you read? What indicators do you use? Whats better MACD or simple MA or EMA? What were your best trades? how did you feel? when ou lose money how do you react? from all the books ive read since middle school on this subject the books would agree im like the definition of great trader.

exuse my grammar and punctuation i type super fast.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

recommended books for FOREX trading!?

I need help on my econ study guide?

admin — Mon, 20 Dec 2010 00:09:02 +0000

1) If a deficit is financed by issuing new money, the:
A) government is using its accumulated surplus to issue the new money B) government will be competing with private borrowers for the funds c) increased demand for funds will drive up the interest rate D) crowding out of investment can probably be avoided

2)Which policy to use a government budget surplus to reduce inflation might at the same time offset the contractionary effect?
A) cutting tax rates B) impounding the funds C) using the funds to retire outstanding government debt D) increasing government spending on social programs

3)One advantage of automatic fiscal policy over discretionary fiscal policy is that automatic fiscal policy:
A) makes the actual budget a better reflection of the condition of the economy that the full-employment budget. B) does not produce a cyclical deficit as discretionary policy does. C) is not subject to the timing problems of discretionary policy D) has a greater multiplier effect than discretionary policy.

4) proponents of the notion of a "political business cycle" suggest that:
A) the full employment budget is a better indicator of the state of the economy than the actual budget. B) cyclical swings in the economy are produced by the inherent instability found in capitalist economics. C) a possible cause of economic fluctuations is due to the use of fiscal policy for political purposes. D) there is a trade off among goals that tends to make the economic policies of state and local governments procyclical

5)If nominal GDP decreases this will:
A) increase the transactions demand and total demand for money. B)decrease the transactions demand and total demand for money. C) increase the transactions demand for money but decrease the total demand for money. D) decrease the transactions demand for money but increase the total demand for money

6) In the chain of cause and effect between changes in the excess reserves of commercial banks and the resulting changes in output and employment in the country:
A) a decrease in aggregate demand will increase output and employment B) a decrease in the rate of interest will decrease aggregate demand. C) an increase in the money supply will decrease the rate of interest. D) an increase in excess reserves will decrease the money supply.

7)An increase in nominal GDP will:
A) increase the transactions demand and total demand for money. B)decrease the transactions demand and total demand for money. C) increase the transactions demand for money but decrease the total demand for money. D) decrease the transactions demand for money but increase the total demand for money

a decrease in the rate of interest would:
A) decrease the opportunity cost of holding money B)increase the transactions demand for money c) increase the asset demand for money D) decrease the price of bonds

9) When the interest rate falls, the :
A) asset demand for money decreases B) transactions demand for money increases C) total amount of money demand increases. D) total amount of money demand decreases.

10)if Inventories are rising unexpectedly, this indicates:
A) unintended inventory investment will cause GDP to fall. B) Unintended inventory disinvestment will cause GDP to rise. C) That GPD isn’t adequate to generate full employment. D) the beginning of an inflationary spiral.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about swing trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

Recommend currency trading books for beginners?

admin — Fri, 10 Dec 2010 17:13:02 +0000

I’ve always been interested in the foreign exchange markets and I want to learn more before getting into it. The problem is that whenever I come across a book for beginners, the reviews are so conflicting that I don’t want to take the risk of reading it and confusing myself. Are there any books available that is considered to be the standard for currency trading? Ones that don’t favor certain companies and business; just a basic straight-forward introduction on foreign exchange and getting started.

Stock trading method question?

admin — Thu, 09 Dec 2010 22:19:46 +0000

This question is for those familiar with technical charts. In a bull market when selecting a stock, does setting a buy stop price a little above resistance, selecting a stock that’s currently above 30-day moving average and the MA is trending up, and relative strength indicator is also trending up mean that there is a good if not strong possibility that the stock will break out to a new high? Conversely, does a stock that’s broken through support and trending below 30-day moving average usually mean that the stock is more likely than not to fall to new lows? Thanks!

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

If you have a profitable FOREX stratergy, can you please write it down in detail (including the type of….?

admin — Thu, 09 Dec 2010 17:38:40 +0000

…. indicators used, typical stop loss level, typical profit limit level, time frame for trade, etc..) I don’t care if you trade on the long term or short. I JUST NEED SOME HELP, and there is just so much GARBAGE on the net claiming to Be winning strategies, but I am already too old, and I don’t have the time to waste trying to figure out what works. I need to go DIRECTLY to what works!

I know that no strategy is garunteed, but can you tell me what is working for you!

THANKS!!

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

How do I set up my day trading business as a corporation?

admin — Thu, 09 Dec 2010 05:12:26 +0000

I am going to start day trading as a business. Can I set the business up as a corporation?

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

what is the best period to use in indicators like RSI, MACD, MA for day trading?

admin — Wed, 08 Dec 2010 07:41:49 +0000

I have been trading option for a little while and the option expiration time is usually an hour. I am really confused with what periods to use on my indicators so that i could make a better investment decision.
Any help would be highly appreciated.
Thank you.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

forex indicator help MT4 platform…?

admin — Wed, 01 Dec 2010 17:18:09 +0000

hey I want the range oscillator indicator but I don’t want to buy it does anyone have a link where I can get it and if not I want an indicator that can tel me when a trend is about to revers and when is about to start do you know of any good quality indicators and im working on the mt4 platform

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.