http://www.elitetrader.com/vb/showt...78741&perpage=20&highlight=cl&pagenumber=1559 .. http://www.elitetrader.com/vb/showt...78741&perpage=20&highlight=cl&pagenumber=1562 look em up there are hundreds
This is ridiculous. How hard is it for you to give me a single trade that had multiple entries and exit info... within the reply box here? It is far easier to do that than for me to try and sift thru posts and decode where you had multiple adds.. and what you're exits were. Your posting a link to threads is simply being used as a deterrent.
at anyrate, it was an interesting thread until you showed up. You are crackpot just in your infancy. By the time you get to be my age you will be just like another Jack Hershey. Glad you believe your charts and indicators enable you to predict the future, there are millions of threads to dicsuss your superstition. Why don't you go to one and let us discuss something you can't even conceive of in your small little narrow view of trading correctness. Before you go challenging, why don't you start a thread and post your entries in real time? If we are interested we will come to you, you won't need to go looking for people to convince you know more. in otherwords, you have a very offensive know it all attitude
Well that's quite an analysis. Straight out of the textbook. I can see why we disagree on things. If you can make a living trading like that then kudos. Being self taught allowed me to focus on finding a suitable style without preconceived ideas of what trading really is. Price, volume, momentum, and risk/reward are the only analysis tools I use. Experience allows me to estimate with better than average accuracy how far a stock is likely to go. So, what you see as reckless, is actually routine and profitable.
Here's the only thing I know with 100% certainty--- when I'm wrong on a trade. As for when I'm right--- I have no idea in advance-- because uncertainty exists every time I pull the trigger. But what I do know with a high probabillty of success is where high probability areas of supply and demand exist. And I know risk mgmt. That's it. It always is fascinating to me on the human reaction to dissent. Thx for not failing to disappoint.
are you on here to find out about averaging or to talk about yourself, there was a point of reference, ..and a 4 dollar profit potential...you are more and more full of it as this dreary thread wears on..instead of being a naysayer ,why don't you keep trading with your method and try to pick up a few more
I liked the dissent, but not the preacdhing. I don't come to your supply and demand thread and tell everybody they are lacking skill because they don't average down. You never even made an attempt to understand it and just started off firing why your way is better. Like the man said, if you are making money doing it your way that is cool with me. To each his own. Live and let live I say.
It's important to be open minded in trading. However, if you choose not to be, I kindly ask you to at least exercise respect in my thread. Thank you
Umm...no there wasn't. Price broke out to an all time high...the previous area of supply was breached. There was nothing above that gave you a reasonable expectation where price would turn. This is not subject to debate-- it is fact. Sure-- u can throw a fib extension on... an atr range... any number of lagging indicators to tell u "overbought"...etc... but until you have a proven point of where supply exists- you have no reference point. And 4 points of profit??? There so many levels of support below that 4 pts is simply not realistic. U missed my entire point however-- going in with small size vs full position reduces your profit potential if price turns immediately.