The "smart money theory" is ludicrous. I find it amusing that people actually believe professional money managers actually know more than the...
The question of whether the market is random or not is very straight foward. Use a simple formula in excel ---->>> =randbetween(-1,1) and this...
If you find your trades are approaching your stops quickly and you find it necessary to average then it's fairly straight forward that you lack...
I don't know if there's a pdf but this book is worth its weight in gold. This book completely changed my perception of the market and trading in...
Yeah I know, I was just messing with him.
My God! This is EXACTLY how I used to feel and I was a consistent loser. I mean LOSER! I couldn't win an f'n trade to save my life! Dude, you...
You just nailed it!
Damn good post. Sure wish I understood it. :confused: You're one smart guy Stoney! :confused: :confused:
Look for stocks that are very liquid and have the potential to move a point or more at any given time. A $10 stock that does 500k shares just...
Ahh...Martin himself! In a nutshell....imo...a double bottom with lower lows has a higher prob than a single V-bottom. I'll take a V small and...
Ahhh....now this is where we disagree. The longer a trend persists the lower the probability it will continue. I fade moves so if I sell a move...
I keep very detailed records and examine my trades very closely. I actually use three methods. Same size, martingale, and average. It would...
You can't blindly follow a rule like this. What if you come across that "exceptional" setup, based on your past experiences. What I do isn't...
You are right, even with an edge you can blow up. You have to have a circuit breaker that will cut you off when you reach a certain point and...
I use it very successfully. I posted something to this effect a while back and the ET parade nearly ran me over, lol. Expect some slack on this...
Today is PERFECT trading. If you need a trend to make money you shouldn't be trading.
LOL. Looks like this thread is pretty much dead. The OP is gone and the ET mongers have taken over. There's no place like ET for a good laugh!...
Sounds as though you have a good starting point with this. Good luck!
Consider doing just the opposite that you mentioned. When price goes parabolic down and goes -3 std dev's buy. Add to the trade when your other...
Selling into the 3rd deviation is definitely a sound strategy tho.
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