That was my last chart for a while, as I have just got a call telling me to slow down, and, I must obey or I will be kicked from TFF. If you are not making money trading, then, you MUST stop right away and think long and hard about what you are doing. Sometimes it is best to leave it be, and, just go away and reflect on what you have been doing. You might be just amazed at how much silly things you were ACTUALLY doing, and, how many simple things you were ACTUALLY not doing:eek: Never be in a hurry, as it will cost you money. Have a plan, and, a plan can be anything from 6 months to 6 years, but, make sure you carry out your tasks to the best of your ability. Change as frequent as you must, for, the best feedback is your bank account, even if it is only growing a bit from trading small size. NEVER FORGET, that, once you have it WORKED OUT, it is just a matter of SIZE, and, you never have to worry about making money, for, there will ALWAYS be plenty of idiots in the world who are just too damn lazy to get off their fat arses to do the required work, and, instead, let The Generals look after their money for them:eek: Long Live The Generals TE
on #4 that % would be $2.50 risk per $100,000, am I reading you right? Do you trade with redneck, the above is close to the guidelines he talks about.
Have not got a clue about the site. Was Googling to see if I could refresh my mind about the title of the book. I don't think any technique is crap, it comes down to how you use it and what you can extract from it. Like your measured moves
i second that. I also recommend revisiting earlier TE threads on the site that we won't mention, puts a lot of what has been mentioned here into perspective.
Well done BW You took the time to actually read what I posted and see that it was just plain downright silly Never believe anything you read until you have proven it to yourself How can you expect to make money by just risking $2.50 per $100,000, for, it is just not possible. Now, and we are talking about daytrading US Stocks here, what would be a common sense approach to take in relation to the amount we risk per trade, and, what must we do to make sure it happens? TE
Never ASSUME anything, for, it makes an ASS out of U and ME Trade what you see, not what you think you see. Do not be fooled by fancy paintings of the past, for, the reality in the heat of the battle is far from easy and nicey piecy. Until you are on the wrong side of a locked limit market, with multiple contracts, you have not experienced REAL pressure and what one must do in order to stay in the game. It is NO GOOD making GOOD money if you are unable to hold on to it. Trading is as easy or as hard as you make it, and, the easier you make it the more you will make From now on, I can only comment on posted charts, for, I have been warned to not post any more charts, unless I want to be excommunicated from TFF, that is TE