easiest money in my life

Discussion in 'Journals' started by padutrader, Oct 13, 2023.

  1. upload_2023-10-17_11-58-48.png
     
    #121     Oct 17, 2023
    padutrader likes this.
  2. padutrader

    padutrader

    i do not swing

    TST does not encourage it.

    i scalp so 1:1 is great and i have a win rate of at least 70% .......workable
     
    Last edited: Oct 17, 2023
    #122     Oct 17, 2023
  3. padutrader

    padutrader

    teh reason my trading has turned around because i am concentrating on second entries
     
    #123     Oct 17, 2023
    Darc likes this.
  4. Darc

    Darc

    Currently throwing away my Larry Williams book. Going to start reading Al Brooks again.

    Padu is an Inspiration!
     
    #124     Oct 17, 2023
  5. padutrader

    padutrader

    handle with care.

    i suppose you trade 5 min?

    Brooks sees things no ordinary mortal can....

    but just see what he says about second entries.

    all smart traders use them.

    find out when you should use second entries and when first entries and you will kill the market.
     
    #125     Oct 17, 2023
    Darc likes this.
  6. padutrader

    padutrader

    that is a first

    a failure who inspires !
     
    #126     Oct 17, 2023
    Darc likes this.
  7. Darc

    Darc

    No I currently swing trade Indexes, but anyone who has good knowledge, whether Day, or Swing Trader can teach principles which are relevant across both types of Trading.
     
    #127     Oct 17, 2023
  8. padutrader

    padutrader

    my first target is not to blow my account on first day.

    then i would have succeeded.
     
    #128     Oct 17, 2023
    PadusMom likes this.
  9. padutrader

    padutrader

    he is very abstract.

    for example he says all trading ranges whether they are connected by parallel lines or not, have to be traded in the same way. not easy to understand.

    another bomb is saying all break outs fail.........so i got screwed fading break outs thinking it will go in the other way.

    then he says the failure will fail and it becomes a break out pull back trade.
    so he can confuse like hell.

    not surprising many traders here think he is mad
     
    #129     Oct 17, 2023
    Darc likes this.
  10. padutrader

    padutrader

    yes i used to do that for 15 years.

    it is good thing to do.

    do you use daily charts: i used those

    that and stock futures. i use to hold positions for 4-5 months. took a lot of commitment.

    i burned out and started day trading. slept better.
     
    #130     Oct 17, 2023
    Darc likes this.