listen here little pup ...u must be the thickest poster on this dumb ass website...for you have as much knowledge about trading as the 10 year old that beat the wall street experts as for the fork...well..all i can say is that you have again demonstrated your intellectual ability..which is..well..lets just say...very limited stop posting and wasting ur time..u are a nobody that nobody takes one bit of notice of...for why should they...for u have nothing to offer anyone only stupid posts Madra Mor...more like Cat Beag...very few will know what this means...but with a little google art it is easily understood i will give u 5 years to work it out
Gaelic! Slainte' Mor Mach! (I'm not fluent in either Erse nor Irish, but playing pipes for 20 yrs has allowed me to pick up a word or two.)
Wait what? You are risking 6 ticks to make 4 ticks... and say that "real traders" know that is the right thing to do? Are you crazy... that's a horrible risk-reward ratio. What real traders are you talking about? The author-"traders" lol? No trading desk would take you seriously.
Suppose the third leg of the stool was the fact that 80% of his trades resulted in profit and that another 8% were either smaller than 6 tick loses (say 5%) because he moved the stop closer when he had a few ticks in the trade or scratch trades (maybe 3%) because he moved the stop to "break even" on some and on a piece of his intitial position -- say 25 to 35% -- he let it swing as he cashed the rest for four ticks and moved his stop to break even on the remainder? If you then looked at the risk/reward ration for the strategy as whole how might you characterize it? I, for one, given those inputs, would call it a winner. What we express here when the exchanges flow is more akin to a conversation than a deposition. I believe the way to pick up value from those I speak with is to engage them in give and take and see if good ideas occasionally percolate. Must days they won't but that is OK. I prefer to have conversations run in ways that are productive (or at least are potentially so) rather than stopping to quibble over language. Big misconceptions probably must be noted on the spot but the rest of it is part of the flow of how many of us interact conversationally. BTW ... life insurers (casualty, auto and others as well) make "trades" everyday where they take a check of under a thousand dollars for the first month's premium and go on the line for a million, two million (or more) dollars in potential payout that could literally happen 24 hours later. And they make money by doing trades like that day in and day out. It is hard to opine on the equation unless you have all the relevant inputs. The percentage of winners/losers/scratches is clearly such an input. Al Brooks writes that he routinely risks eight ticks and cashes the scalp portion of his trades for four ticks. Presumably he likes to eat at least a couple or three times a day and continues to fund those meals by trading that way. Or do you believe that his book is simply a fraud and that he either trades another way or feeds his family by generating non trading revenue? Monty, I am not telling you what you should believe I am simply stating how I view a forum such as ET.
You do realize that if you win 70% times making 4 ticks and lose 30% times losing 6 ticks,you are in green? What if in those losing trades,you have stops to break even and you lose a lot less than 6 ticks? Just going solely by risk reward ratio shows how you think. Chris.
You must be thicker than me if you don't like ET and STILL post here. What an idiot. And so far your posts don't add up to squat. (something you are doing on a fork right now I suppose)? LOL
In one of Al's posts today he says in one of the trades he might of went for 2-3pts with his whole positon. He says whatever looks good in hindsight. Of course he really can't say what he did with his trades which is quite convenient. (even though he sure hints a lot). I guess his "minimalistic" approach to life keeps him from becoming a CTA. Maybe Al should work on it if he wants to be the total guru he is setting himself up to be. But wait! In his next paragraph he states that in the future he might be able to post some charts during the day along with analysis and trade recommendations. But he will continue the site (even though he states it isn't his) if there is enough participants to make it financially $$$ and intellectually worthwhile. Now how can he do this without being a CTA? Hmm... As far as bashing ET, why are you here? To defend poor Al? I realize he has a nice little thread over at TL (mostly abandoned) which is of course, an English (oh my gosh!) website vs. ET which is American. Why don't you go there and liven up that thread? One thing I have noticed about the "Al Brooks" site is that less and less people are visiting it. Interesting that this info is on the site. A gauge of participation? Is the site failing? At this point there is 293 registered users but only 103 have visited during the last 24 hours. Registerd users is climbing but visitors are declining. And for those who don't know, there is a Live Chat during the day. Without Al of course. It is hard to be in a chat room and focus on trading at the same time. I agree with Al on that one.
madra beag et and all the other stupid sites will always be just that, the reason is simple and it is easy to see why - but only when you have been in the trading game long enough most serious traders never post on et..but there are handful of us that do it for a specific reason, and that reason has already been mentioned on this site the worst thing u can ever do..as an aspiring trader..is listen to idiots who think they actually have discovered something special about trading - what a fukin joke..really any person who decides to trade...does not need the help of anyone..and the person who realizes this will make as much money in the markets as he/she so desires - once they understand that common sense must be used and good simple money management sense the rest..mo madra beag..is just pure and utter tripe..or cow dung...or pig shit..or what ever other appropriate name you want to give it let me give u a little tip..go to any thread and see how many posts are started and then quickly move into page 2 - how can people be so fukin stupid..grow the fuk up and take responsibility for your actions and don't be always looking for excuses for not being right!!! lose correctly and u will make as much money as u like..after a while of course..but do as most monkeys do and u will always stay in the cage - adding to the never ending pages of useless shite that is written by blinded fools btw..i do not like or dislike u - i just say it the way it is - always:eek:
Shite, it's been a very long time..but I will give it a try Conas a ta tu a Ian? An bhuil to go maith? Anois, ta me ag scriobh ar ET mar conaic me moncai ag rith suas agus sios Ta gruaige dubh ar na moncai, ach nil na gruaige ar na ciann, mar ar na "arse" go h'ana mor DRINK - FECK - ARSE GIRLS...