I've been swing trading and investing in stocks for generations. My experience, on ET you'll collect little gems along the way, it's not frequently, but randomly and sparsely. Most information, the vast majority will come from your own research. Your trading style and methods will change, sometimes dramatically. I train some people how to trade but they are family. A couple of weeks back I was doing some training for younger females in family and expressed a little frustration with myself that there was one aspect of trading that has always been my weakness which was an ideal stoploss systems easy to operate. Anyhow, because I was training, I thought and applied mental pressure to myself, " You gotta sort this out". Well I stopped the training because I threw every mental concentration on "...there just has to be a better way". I kind of felt desperate, urgent, serious. It took me about 3 days of all day and night thinking and exploring, then "voila" I hit mother lode. I'm now writing for myself a new algo, it will totally change how I trade. I stumbled upon a better way. The algo btw has been very difficult to code, but I'm all but finished now, taken maybe 8 days of coding and several attempts to get it right.
No. The traders job is to note what is happening and join the move. The prediction you make is that the move will continue. With experience you will be able to figure out where the the other side will most likely come in. That's your exit. A 30 min move gives you all the time you need and then some.
%% There is the reason that sounds good; + there is the real reason. Jack Taylor said sarcastic once= of all the selfish things to say\ just because if you showed him how you make money,, it could goof up ,your system / could mess it up Even more so if he thinks the markets are gamble
ES on 4H Sideways with bullish bias. Why ? Because inside bars = Sideways Bullish bias because it’s the top most box. One can use moving average, Or higher timeframe or swings. There are immediate vs intermediate trends. Every candle is a fucking box, We either close away, Or we stay inside. Easy. Here you’ve got a stupid swing trade. Now it depends how you buy and sell, If you trail your stop at yellow lines, You get better fills but stopped out. If you wait for a close, You’re still with the trade. You can use multiple timeframes, You could have bought the reversal, Near 3700 on the 30min or 5min chart. Easy. If you can’t read a fucking chart, Go fuck yourself. Kiddin’
i am in a trade for 1 second so i am glad i no longer live in this world of investing. anything held longer than 1 minute is a investor. i invest in crypto and i trade futures.
So one minute is a trader, and 2 minutes is an investor? Fascinating. There's a song for what you are smoking...
i was stuck long 911 lost 35% made it all back in 3 months but it taught me a lesson about: the cost of > time in the market - get in and get the fck out.
The opportunity cost, yep. I know that feeling. But I think you drew the line a little too fine there. 1 minutes over 2 minutes? C'mon man.