If it were only that easy. Face it, if you actually knew what worked and what didn't, you wouldn't ever take the sub-par trades. The fact is that taking the bad trades and getting stopped out is your cost of doing business, like owning a store and paying rent, wages, etc. Just an observation...
LOL It kills me to see how some people are so insecure they need to trade in retrospect to get acceptance or admiration from their peers. You'll encounter this 'syndrome' much more often on Yahoo /cnbc boards. Classic. Then again it could have been done to provide inspiration to all aspiring traders to show them 'it can be done'.
the_dude: No, it's not like that. There are certain looks technical patterns that works more often than others. And I shouldn't take a shot at something that doesn't work as well. It's all about odds. Of course, no one is 100% sure of anything in the market. We only work with odds... that's all, trader99
Its not about odds its about the tape and fundamentals. If you are trading off of odds you are probity better learning to play black jack or poker as a lot of traders do on the side. A average pro blackjack player makes 40 k a year. That's pretty good for some simple math skills.
Don't how I did today because I bought TYC at about 3 pm and am holding it overnight. Now it's time to pray for a upgrade.
But remember 1999 when it was the 4-6 losses that were the killers.....notice I removed the decimal point. .4-.6 was a newbie's wiggle room back in those days. Oh my.
trader555 wrote: "Its not about odds its about the tape and fundamentals. If you are trading off of odds you are probity better learning to play black jack or poker as a lot of traders do on the side. A average pro blackjack player makes 40 k a year. That's pretty good for some simple math skills." Hmm... Short-term trading is about odds. Long-term investing is about fundamentals. Some, technical setups have better chance of success than others. trader99