I did and so did several others. There's very little interest in live trading. Only hindsight stuff here. You risk an edge and get very little in return.
I know, man, just a little gauntlet-throwing. For those who feel the need to make calls, Journals are where the men are separated from the boys.
This FOMC reaction is going to be interesting... We need more bad economic news to keep the hope of QE3 up. *LoL, can't stop laughing... It's all just market trade cycles... Nobody gives a sh*t about the news anymore unless it's an announcement of QE or a country blowing up.*
Maybe if you are a swing trader, but daytrading requires much more precision and attention to entries/exits. When trade setups are in the process of being validated, I have no time to post here, check email, surf porn etc etc. So a journal would be pointless for very short term traders.
I must say that brother Athlon and brother Raskol do have some good points. The best thing to do is watch and decide for oneself if a poster is worth paying any attention.
Right, but daytraders don't really make calls in advance anyway, so no one would really expect them to do a journal. The calls in this thread were much more swing-oriented, or, in one case, calling the next day's likely action. That kind of stuff can be done in real-time in a journal, if one so desires. I could probably make calls in a journal because my trades are not intentionally day-trades, although some end up that way.
It depends on the quality of the journal and the willingness to occasionally eat crow on the part of the journalist. It is not a part of the site I frequent, but I see the same journals pop up in the most recent posts list again and again. That handful of long-running journals that must be giving someone some value because they are highly-rated with a lot of page views. Obviously, 90%+ of journals don't make it past page 3 either because the trader realizes he's going to be wrong too many times and his ego can't take it or people lose interest because the trader can't trade. I agree there's very little return, but there's little return in someone coming back to a random thread and touting a call made there, too.
Nobody wants to sell anyone anything. Everyone in this game just cares about Ego. That is what it's all about. So, now the question is... Which bagholders in here are long through this sell move I called? I went short in my Journal at 1374. Once you guys capitulate we can push back toward the highs. Panic guys, panic!!! Lot of gloating for a move I only caught a couple points of in futures... Hah.