Well, looks like we're not going to get any live calls to help with understanding "renko", but I'm definitely looking forward to the forthcoming trader porn when I return later: Cheers!
hi @NoDoji @toolazy et al the markets have been kind and accommodating. enjoy the attachments which do not prove anything about anything. each pix just showed that someone executed buy orders at the opportune time. tf partial chart was snapped at around 11:11 or so with stop loss in place per NoDoji, before closing out. cl partial chart was taken at about 11:21 or so, also with stop loss in place per NoDoji, before closing out. fortunately, markets extended her grace another day. ---------------- my sincerest apology to chimera who started this thread. I am truly very sorry to have intruded and diverted some attention away. also much thx to wrbtrader who reminded me of such encroachment. thx much again everyone. happy and profitable trading to everyone.
hi @NoDoji @toolazy et al the markets have been kind and accommodating. enjoy the attachments which do not prove anything about anything. each pix just showed that someone executed buy orders at the opportune time. tf partial chart was snapped at around 11:11 or so with stop loss in place per NoDoji, before closing out. cl partial chart was taken at about 11:21 or so, also with stop loss in place per NoDoji, before closing out. fortunately, markets extended her grace another day. ---------------- my sincerest apology to chimera who started this thread. I am truly very sorry to have intruded and diverted some attention away. also much thx to wrbtrader who reminded me of such encroachment. thx much again everyone. happy and profitable trading to everyone. 4 nodoji et 13 07 22 mon captured at about 11-11 am.png This has been downloaded 0 time(s).
Some good advice in here from Handle and Nitro, I would say. Novice traders would do well to read their posts. Trading, and even long term investing for a + return in constant dollars, is gambling, but good gamblers put the odds on their side. The majority of short term retail traders, and quite a few professionals, are not very good gamblers. If it is short term trading in the markets, and it isn't gambling, then it's illegal. (I don't consider true arbitrage to be trading.) To make a lot of money from trading you need a lot, and you also must be a skillful gambler. And no matter how skillful you are, you can always have your head handed to you. And if what you are doing is illegal, you can always have your head handed to you in another way, though your wife may get to keep one of the Picasso's.
actually, there is nothing else involved with successful trading other than the harvest of money. Trading is not supposed to be exciting. It is not supposed to be a self-measuring tool, a comparison to other type-A men, a sporting event, gambling venture, biggest swinging contest, bragging rights competition or anything else that has anything to do otherwise than pure money. THAT is the secret of successful trading. Boring, bland, systematic execution, controlled emotions, do it while enjoying other tasks (web surfing, lifting weights, cooking, etc) and quit asap when profitable enough for the day. Take the ego, the gambling and the game out of trading... it suddenly becomes a profitable profession when focused on the money alone
Exactly. It doesn't matter if one views trading as gambling or not. The real issue is if the trader has played a hand that has the odds in his/her favor in comparison to the opponents at the same table.
there is no table, and there are no other opponents. It is you and the dealer (market) alone. No one else is involved. Same as blackjack, totally unlike poker.
No, I saw Bernanke priming the pump_( this could be any bullish event-- price driver) nothing to do with TA.