Why not prove everybody wrong @rajesheck by starting a journal on here, paste in timestamped charts with your prediction, then paste in your profitable trades based on those predictions. I predict that you will find excuses not to.
What does AI say about this... "Ladies are better investors in stocks trading market than men because they have better emotional intelligence."
This thread is for me predicting trader's charts which will help them see different perspectives. My trading style is devil's details which is not suitable for forum discussions. You are welcome to share your charts and discuss in details.
My only gripe with ET is it seems to me like a whole lot, if not most, of the contributors here seem to be almost lying in wait for any and every opportunity to be negative. Consequently, I am reluctant to join them. I very much LIKE it when members share their ideas. Nonetheless, in this case, I have to agree with Global OptionsTrades. If one is not sharing timeframes, stops, targets and whatnot, then what's the point? For example, rajesheck said the first chart depicted a sideways market, but this hardly looks sideways from my perspective... Rajesheck said the second chart was a bullish breakout, and I suppose one could go along with this IF this is not a monthly chart where the drawdown would have been quite substantial, and IF one was not FIRST stopped out of his or her position, and IF one exited the trade before the asset dropped all the way BACK down to its "start" level... (In fact, one COULD say the above chart is an example of a sideways market.) And finally, rajescheck said the third chart was a bullish formation, then a sideways formation, then a failed bullish breakout attempt, to be followed by continued sideways movement. However, the way I see it, this chart is bullish from start to finish. With my style of trading, I would have entered whenever price bounced off (or near) the lower level, and taken profit whenever it made contact with (or approached) the upper level. One of the key principles I used in learning to trade was to "test everything and hold fast only to that which proves to be valid and reliable." In this case, I fail to see a great deal of validity in the claimed ability to "tell you what you are hiding." As rajesheck seemed to be saying in Post #33, I agree 100% that when it comes to trading, the devil is in the details! However, I disagree 100% that such details are "not suitable for forum discussions." It seems that Global OptionsTrade was correct when making the prediction: "you will find excuses not to." P.S. Could I do a better job than rajescheck? No, definitely not! If you give me the first part of a "naked" chart and hide the rest, I will find it IMPOSSIBLE to tell you what is to come.
The statement "Ladies are better investors in the stock trading market than men because they have better emotional intelligence" suggests that women possess superior emotional intelligence compared to men and that this characteristic translates into better investment outcomes in the stock trading market. Emotional intelligence refers to the ability to recognize, understand, and manage emotions in oneself and others. It encompasses skills such as self-awareness, empathy, and emotional regulation. While emotional intelligence can be beneficial in various aspects of life, including decision-making, it is important to note that investment success is influenced by multiple factors. Claiming that women are better investors solely based on emotional intelligence oversimplifies the complexities of the stock trading market. Successful investing requires a combination of factors, including financial knowledge, research skills, risk assessment, and decision-making abilities. These skills are not limited to a specific gender and can be developed and refined by individuals of all backgrounds. It is crucial to avoid generalizations and stereotypes when discussing gender and investment performance. Each investor, regardless of gender, possesses a unique set of skills, experiences, and strategies that influence their investment outcomes. Evaluating investment performance should be based on individual merits, knowledge, and experience rather than broad assumptions about gender. In conclusion, while emotional intelligence can play a role in investment decision-making, it is one of several factors to consider. It is important to recognize that investment success depends on a wide range of skills and characteristics that can be developed by individuals of any gender.
How can anyone look at a chart without a vertical scale? Zoomed in noise looks like trends, zoomed out good moves look like noise. Also looking at charts, after the fact ignores where the rubber hit the road. What is the entry, what is the exit. When are those decisions made? let me repeat that, WHEN DO YOU DECIDE to Enter, to Exit. I.e. when is the signal "complete" enough. Then the exit is even more complicated as time adds data. There are 10,000 of possible entries, and 10,000 possible exits and millions of combinations in any reasonable chart. Add risk management. That is why people are saying without putting a stake in the ground, with an entry and exit, in real time, it is all just armchair, after the fact, pontificating second guessing from the back seat while eating popcorn. My answer is to what will happen is: "how the F would I know?!?!!". But what I do know is, what is a possible entry, how I should react, or not, to data as it comes in, and what is a reasonable exit, risk adjusted.
First hidden chart was partial and disqualified for reading. Second hidden chart my prediction was based on second support/resistance breakout. I predicted bullish breakout and it happened. But the breakout didn't sustained longer but long enough to make decent profits in options. Third one is failed second support breakout. I predicted sideways to continue and then there was an attempt of third support breakout which is weak. Why I use second support/resistance breakout to predict trend? Because that is where the fluctuations are low. Why low fluctuations are important? Because that is where probability of stoploss hits are low. Why stoploss hits are taken so seriously? Otherwise I am not a serious trader.
Amen and end of thread. You can be the best analyst/predictor in the world and still lose money. Succesful trading is about trading (placing trades successfully). Not analysis. Period.
Totally agreed. We need to learn swimming in shallow waters and then gradually move towards deeper waters. Similarly realtime trading decisions are another level of challenges. Learning to read charts is the first step. This thread is not for real time decisions.
Yes but predicting is first step and entering trade is second step. This thread limits to first step.