If you want to fail as a trader, study TA

A wise man learns from the mistakes of fools, not his own

 

Well done MK, do you now see how easy it is if you but read what is written CORRECTLY

 

macattack;

I'll ask again, what is holding you back?

Why are you not achieving what ever goals you set for yourself?

Answer that question honestly and you will be on your way to being the successful trader you aspire to be.

 

Well..........I don't know what the hell I'm doing. I don't understand when to enter & when to exit. I try to control risk with stops & get stopped over & over. I remove stops and then really get killed.

I don't understand the marketplace and how it works. I don't know when to bet big and when to bet small. One day breakouts will work, the next day I try breakouts and they all fail.............Anyway there's a number of things. I just don't know what the hell I'm doing.

I learned all my life that if I wanted to learn something to read a book about it, so I've read book after book and internet thread after internet thread.

I lack patience, discipline, money management...............all because I don't know what rules to follow. I can play blackjack all day long and never deviate from basic strategy and never overbet because I know the rules and the odds, but I don't know any of that with trading. I'm friggin' lost !

 

Hi GK, nice to see you again.

MTFA is very important for trading any market, as it allows you to SEE the MAJOR levels at which the risk/reward ratio can be interpreted CORRECTLY

For US Stocks, it allows us to see at what levels The Generals are likely to move some big money around

Let me see if BDX is still holding out, and the shorts had to cover after shorting at the wrong TIME = MONEY

TE

 

Nope. Not really. Nothing seems too easy lately.

So................................how do I learn to differentiate between "high risk" and "low risk" trades?

 

The answer is very simple, as plain as the nose on your face, but, MK can not see it, for he has one (1) major problem that HE needs to overcome.

TE

 

ELEMENTARY, my Dear Watson



TE

 

The Expert did tell them that a short was the best opp, before he was banned at the site we dare not mention

If my memory serves me correct, I think it was something like "flogging a dead horse"

Well done, and a WISE call

TE

 

What is the Time Frame of this chart?