hmm.no edges in the markets

Knowledge is forever ,

luck too ?

 

How can luck help your long term. Get an edge then use skill to not make stupid mistakes. Price action reading is an edge.

 

I would say that anything you can learn is a skill
So Reading PA is a skill

However , if you are the only one who can do that its an Edge

Like if you are the only one how Knows the Alphabet in your town
And therfore the only Person who can read , u could use that skill
To your advantage and therfore have an Edge ...

 

Both

Also eliminates the need for averaging down

RN

 

This Ma'am

experienced hands, or not

Take the small loss, or two, or three - and get right with price

I know you know this, which is why it confuses me

eta, my concern is your ego is rearing its ugly head

RN

 

hi nodoji:

you have been searching diligently for some kind of holy grail in trading, as you described some few years back, isn't that correct according to your personal declarative statement?

just curious if you are any closer to finding your personal holy grail as yet?

warm regards

nakachalet@gmail.com

 

No, I was being a little facetious.

It probably won't

Good, then I have one.

 

I'd take the small loss upon violation of the thesis for the trade. I think there's misunderstanding. If there's a defined uptrend and I need to get 50 lots of oil positioned long, I would average down during the pullback phase. As a small retail trader I have no reason to average down; I simply let price sweep me into the resumption of the trend as the pullback ends and price turns. Trading small size, the slippage is minimal. Either way, if the trend throws a reversal signal I'd take the small loss.

 

I forged (not found) my personal holy grail of trading between the summer of 2009 and summer of 2010. It required an unbelievable amount of work (thousands of hours). It's based on simple price action concepts - support and resistance and how price reacts to those levels. It's worked consistently for 3 years now.

 

+ 101