LOL Profitable trader: look before you leap. Surf: leap before you look. No wonder your hedge fund died.
%%%%%%%%%%%%%%%%%%%%% Great quote;LOL Another way to do it; study enough to find out what George Soros meant when he said ''the market has a bias'' I did so bad in early active trading , I knew for SURE the market was NOT random. Wisdom is profitable to direct.....
I dont. I trade the reality of now. Without any bias or opinion. I try to anyhow. Unfortunately my crystal ball broke about the same time I stopped losing money. Another platitude to the seekers out there perhaps?
Ok--- I don't understand how you do that since you are responding to the past by default--- but it's cool-- everyone has their own idea and all that really matters is that you are profitable! If you ideas make you money keep at it! surf
You know what after the past 2 days market action, I am just going to stick to my bias, cover at support levels, re-enter at resistance with my bias =]
I took 17 trades today (ES). 14 of them were shorts (so i guess I had the bias right), but I managed to lose 27 ES points! Worst day in months. Just kept getting stopped out. bloody technical analysis/charts - rarely seems to work!!