I need help

Discussion in 'Technical Analysis' started by xtreme28, Oct 16, 2024.

  1. I'm no expert on the chart diagram xe posted, but it looks like a beginner's breakout was bought and the tight stop took the money.
     
    #11     Oct 17, 2024
    ironchef likes this.
  2. I don't know how you specifically traded, but at best someone has a very small edge. If you can accurately call heads 55% of the time, you are still wrong 45%, for example. Even in a game like poker people can debate the right decisions when looking at the cards heads up and using a solver. Trading has a ton of randomness, as does whatever strategy you are employing.

    This is why trading is so so hard. You can't assume you have an edge just because you are winning and you can't assume you don't have an edge when you are losing. It takes years of performance in consistent markets, but markets always change so there is no such thing (unlike poker, but even poker has changing players). So it is extraordinarily difficult to know if you have an edge, even with huge volume and many years.

    I would employ your strategy over huge volume and statistically look at it and see the probability it has an actual edge. I have systems I have traded for 5 years that are losing systems that I haven't kicked as I still like the design and feel I'm not running well. I have systems that have made me good money that I have reduced in size, as I think I'm getting lucky. It takes a lot of sample size and a strategy that is consistently followed to have any idea if you are doing well or not. I get more upset over poor decisions that yielded good $ then good decisions that lost big. I wouldn't focus so much on P&L.

    If you give more information, someone who trades your style, which I'm guessing relies on stops being taken out before decisions, could let you know how you could improve yourself in that specific strategy.
     
    #12     Oct 17, 2024
    ironchef likes this.
  3. maxinger

    maxinger

    The more you try to teach the OP, the more the OP will lose.

    Your entry is rather late.
     
    #13     Oct 17, 2024
  4. Overnight

    Overnight

    We in this community are not going to help someone who posts garbledy-gook, and asks us to decipher it for them.

    The fack is wrong with you?

    Deal with it, forum n00b. You're swimming with sharks. Can't handle it? Go someplace else.

     
    #14     Oct 17, 2024
    themickey likes this.
  5. themickey

    themickey

    Yup, the way the OP introduced themselves to et 'on their first post', this is highly likely a multinic troll poster.
     
    #15     Oct 17, 2024
    Overnight likes this.
  6. Just answering the question like a good chatbot would. I know they're in here, trying to learn how to emulate real human behavior.
     
    #16     Oct 19, 2024
  7. vanzandt

    vanzandt

    And ET aside, it's only going to get worse. We are at the tippy tippy top of the iceberg.
    ~vz
     
    #17     Oct 19, 2024
  8. Overnight

    Overnight

    False. It doesn't matter who gets in. The market will still go upi The rate and patterns it will go up will be the only difference.
     
    #18     Oct 19, 2024
  9. vanzandt

    vanzandt

    I was referring to chat-bots becoming better and better at impersonating actual human beings. Try to keep up.
     
    #19     Oct 20, 2024
    ironchef and themickey like this.
  10. Dollardogs

    Dollardogs

    What you did wrong was use ICT nonsense instead of learning to read a chart. Clear all that crud off your chart. It's in the way of your learning.
     
    #20     Oct 20, 2024
    MarkBrown likes this.