I could argue your response six ways to Sunday but, honestly, it's not worth it. We should be helping each other get better/make money. Ego, jealously, and greed won't get you far in this game (I know from experience).
It was a 20 point profit, dumbo. My win rate today was 100 %. LOL. LOL! Who the hell else on these boards are being fully transparent about what they do? I don't see anyone else posting all their trades or broker statements and the very least you. Funny that you're the guy contributing the least and also the one that lashes out the most criticism. Where did you get the strange idea that I should be posting all my trades and posting all my charts and all my broker statements. Hilarious. Like seriously. Good belly laugh here. Nice to get some tension off after today.
You're welcome! I agree that you posted a lot in the past, and you do post stats, but in the past few weeks, its very few live trades, and charts are only shown when you're nicely into profit, and only after the fact do you mention maybe some losses along the way. Many of your posts are also looking at both the bull and bear scenario, which is important to keep an open mind, but posting stats and levels that are being watched is nothing compared to actual trades. The charts you show never have entries, just the current position, and that's only for winners. You used to show charts with all trades marked in the past, but not recently. I honestly don't mean to make it sound like I'm attacking you. Yes, you did share some stuff, and I was very happy to learn it because its a different perspective and I absolutely see the value in having a statistical model to give confidence to take a trade or hold a trade. And yes, I also can't really take advantage of it because the most ideal entries happen when I'm not around. So in a way, I couldn't really make use of what you were showing me, and that was a bummer. Plus, I could never hold like you do, so you have my respect there. If a trader will take many shots at getting a trade like you do, then of course you have to be willing to hold in order to balance out the multiple stops once it finally gets going, so watching you do this is excellent and I'm quite jealous of you developing this ability. So let me ask you this. What is the fear of showing every trade you're taking, calling them out in real time? Are you scared to show the forum that you have multiple losses in a row? Are you scared that once you commit to a trade it will influence how you manage the trade? Even if you didn't call the trades in real time, you still haven't shown charts with all the trades, especially on bad days. So what is in those charts that cannot be seen? Is the fear that you would show a gambling streak? Are you scared that people would think that what you say and what you do is different? Since you keep suggesting to everyone in the past few weeks to never trade but just invest the money, all the while you are killing it, makes me think that deep down, you know that this could just be a lucky streak. If it took 10 years to get here, but you can make your entire yearly salary in one day, isn't that worth all the hard work? Or maybe you also fear that today is an anomaly. Only you have all your trades stats, so only you know if you have finally made it or not. But my guess is that based on all the issues I'm bringing up, you realize that your PnL isn't as consistent as you'd like, and even though your analysis is very good, each trade is still a coin toss essentially, and likely, the multiple entries that have to be made would show this. Not that I think there is anything wrong with this. Its one thing to know with a high degree of certainty that the market will drop, but its a whole different ball game to nail the entry. Tom Hougaard has my respect because he isn't scared to show $30k losing days, or 5 or 6 losses in a row. It likely takes years of winning to get to this point, and I'm sure the fear for all of us is that we won't get there, and this is why we post only winners.
I can see based on the replies so far from several people that I'm alone in my assessment which is fine and I rest my case. Good luck to everyone.
I have the guts but not the experience. It is almost always the case that the moves I hold anticipating "the big one" are short lived and reverse. For now, I'm sticking to taking 4 to 6 point nibbles and will focus one increasing size as I accrue profits. When I grow up I want to be @Laissez Faire! I also want to shout out to our friend @theapprentice. I hope you're ok and will join us again soon!
I hope you don't take this the wrong way. But here's the thing about you as far as me and other veterans are concerned. You have no credibility yourself to criticize others. We've yet to see you post any trades, realtime or delayed. At least with LF, he has posted numerous charts and trades (even though they might have been cherry picked as you suggested) and genereously shared his opinions through his studies of chart statistics. This is in now way discounting your views. But before criticizing, roll up your sleeve and show some elbow grease.
So I said there would be 5 choppy days before breaking out of the chop zone (although it ended up as 6, but that was due to Labor day holiday ). With this down leg, I anticipate 3-2-3 moves. That is, 3 lower lows, followed by 2 higher highs, then another 3 lower lows. Got that?
Not at all. I wish I had more to contribute but I'm in no way profitable. All I can do is offer my analysis of what I see posted. I don't even want to suggest that LF is in anyway trying to scam us with cherry picking. His analysis is excellent, and I'm sure he is highly profitable at this stage. I've already explained why not posting all trades is problematic, but I of course understand that there is no obligation to do so. He has said for years how difficult trading is and discourages anyone from even getting involved. But his recent trading makes it seem like he cracked the code and found the holy grail. I just think it would be more helpful to show the good with the bad, to make it a bit more realistic, but if he only wants to focus on the wins, he has every right to do this.