And I know you and I both know Ammo, and get it... My attempt here is help the one's who don't... but are trying to Price.., Channels, and Volume â all very useful in their own right - I would never deny that eta for those reading along... I still maintain it is not the set up that makes money and keeps it⦠It is the trader thinking and acting like a trader⦠Just trying to bring a little clarity RN
yes and hundreds of other firms survived, while thousands of out of the box individuals continue to blow up personal accounts every year. you're using a distribution tail as if it were the mean. trying to prove a point that has no merit. this is your belief bias; it's what makes you feel all warm and fuzzy, and keeps you dreaming of everything you'll do when you finally "succeed". you and redneck are the fuel that makes the retail train go, and good for you. someone has to do it...
you're kidding right... could you come up with anything more pathetic than "it's the trader thinking and acting like a trader..." As if all you need to profit is a picture of yourself in your mind being successful. Now some noob is sitting there saying, "hell yeah, I just got to act like a trader..." What exactly will you do when "acting" isn't enough? And what's the point of trying to "help" people when you obviously don't know what you're doing? Is it just an ego thing where you want and need to feel important? Where you're convinced if you weave together enough meaningless words that sound instructive, they will be? What if somebody actually takes your advice and starts "acting" like a trader and then looses their ass because you are a financial clown? What then? Finally genius, how exactly does a trader "act"... and what's your basis for this "performance". Do you have any solid honest to god research for how a trader "acts" or are you blowing more smoke up the cheek-chimney of wishful thinking? This is same shit that has worked through every "how to trade" book and website ever made. Think and Grow Rich Yes? No. It doesn't work that way. You're like the salesman who buys the expensive watch to convince his friends and customers he's made it, because he's "sure" he will, but has to eat pork and beans to survive. "... I still maintain..." Sure does sound impressive, now if you could just prove an ounce of what you say. Here's a little advice for anyone following along. NEVER, EVER, EVER buy into any advice ever posted on a financial forum... If you must explore it, best to jot the idea down and the research the hell out of it. Look for white papers written by professors, real researchers, universities etc. You'll know you're on to something when you have something in your hand that has a ton of notation and citation from other work. Just because you've found somebody who is hoping and wishing for the same thing you are, doesn't mean it's more likely to happen because you found them. As humans we tend to look for and gravitate towards anything that supports our belief biases when we should really be looking for solid research that both supports and rejects it so we can make educated decisions. I get at the end of the day, many people aren't here to intentionally do damage or mis-lead... but that doesn't mean they aren't. If you're serious about trading, you socialize on a forum - you learn from your hard work, research, reading etc... There is more danger than value floating around the undocumented web and you'll never know if what you're hearing is grounded or not until it's too late and your money is gone. Use your god given common sense and stop embracing what makes you feel good just because you're "hoping" for the best.
I teach a person how I trade. When I'm done, s/he recognizes a valid technical price setup, knows how to enter a trade, knows where to place an initial protective stop and knows where to place a minimum profit target. We put on identical trades, yet for some reason this person consistently exits the trades before the profit target is reached, capturing just 20% of the trade's minimum profit potential. How do you explain the difference between us?
NOD my friend We could talk about thinking in probabilities Thriving in uncertainty Taking a loss â never batting an eye Taking a win â and never batting an eye Making more money in 5 minutes â than most would in a week â and never batting an eye Being risk managers Being money managers Living on the right edge Staying calm, centered, detached, and focus eta - Being the consummate beagle Ad nauseum, ad infinitum Heâs throwing mud to see if any sticks â it wonât Letâs pay him all the attention he deserves Besides Iâm beginning to think he and DB are the same Let's Trade well Tomorrow Ma'am RN
Nice - I agree 100%. Here's something that might spark discussion. The rules outlined below always stood out in my mind. Cynthia Kase wrote a book in 1996 called Trading with the Odds. Here are her "Six Behavioral Laws of Forecasting": 1. Remember the object is profit, not ego stroking. 2. The objective is profitable trading, not proving a thesis or world view. 3. When wrong, move on. 4. Have confidence in your own initiative. Do not rely on the advice or opinion of others, no matter how well respected they might be. 5. Do not read newspaper articles or watch newscasts that discuss the markets in which you have an interest. 6. Plan your strategy when the market is closed - when you are rested and thinking clearly. I met Cynthia at a futures conference in 97. This book was her debut with "retail" traders. Her company's main business to that point had been in leasing terminals with her proprietary software to oil trading firms. This book is about her methods. In her book she claims, "Since October 1993 my weekly results in calling market direction and turns have been documented at just less than 90 percent accurate. I have also been about 70 percent accurate in calling exact price (to within points) of the specific levels at which the market would turn" We had an interesting chat over lunch. Months later I bough her book and read it. For the fun of it, I googled her firm (Kase and Company). They are now posting weekly pre-stat technical outlooks for CL and NG on the CME Group Website under Education>Market Commentary. There was no way I could validate her old track record, but it looks like her firms predictions are now become public domain at CME. It will be interesting to see how they do.
lot of anger in them posts,as a trader thinking out of the box is taking what you see, manipulate it ,apply it and make money repeatedly,..over time you learn to squelch EGO,JUDGEMENT,ANGER,opinion,color comentary from yourself...you slowly throw out everything and open your eyes to whats in front of you,... not whats in your head ...sounds like you are still carrying the opinion that your way will work, i hope it does or is working....,it sounds like you have found a way to do it macro thru crunching a lot of collossal numbers and get a feel for the way the overall market is moving,...i think bernanke and every other countries financial general is trying to figure out the same thing, ... i think they are in the midst of tossing out a lot of previous held beliefs....i sincerely hope you are making money at it, i'm not smart enough to do any of that stuff,but trading is not only for the elite, the market moves fast,a trader doesnt have time to read a lot of reports every time the turn comes ,he relys on a lot of key points ,or divergences ,a lot of the hft's are scalping for .o1 of a cent and making huge coin, ...there are a lot of ways to trade..i'm not knocking yours... i would never be able to master it so i wouldn't attempt it ..but i do know that the little niche i figured out works..and i know a lot of others that have there own thing figured out and have been making a living for over 30 years...your short outbursts at other posters on here is very common for ET,it makes it hard to read because we have to wade thru a lot of negative posts to find any value,please refrain from the quick assertions about people u do not know , a scientist would never carry on this way, and if you do have something of value to offer ,it will be a lot easier to read