If you want to fail as a trader, study TA

I'm really not sure what the "most important" thing is. I'd want to know as much pertinent information as possible about what I'm trading. I'd want to have a process/plan to follow and know it inside & out so I could execute if flawlessly.

I'd follow my process if I could create one, but I'm stuck on the mechanical parts of entering at the right time and when to exit prior to a target being hit. Often I'll be up, but there is no logical place to move my stop, so a win turns into a loss. The times I move the stop up to avoid this I often end up with a tiny win after being stopped out and then price goes to the original target which I miss out on.

 

MK, no one ever said mastering trading was easy, but, the act of trading is the easiest thing in the world.

I have studied many authors in relation to the "why", and after a while you begin to see how silly it all really is.

For instance, if you decide to read up about "intuition", you will think that you must improve your "intuition" in order to make GOOD money trading.

However, tha facts are such, that, using "intuition" can be very detrimental to your trading, as, you are not accepting tha facts which are right in front of your two eyes.

TE

 

Of course I am serious, as always

You must always ask "why", but, also, must always be prepared for an answer that you will not like, for, as per last post, many like things to suit, even though they say otherwise:eek:

Accepting facts is a pre-requisite to making money trading.

If you want to be a dreamer, like most, then, expect to get what most get.

Think differently to the majority, believe nothing you see or read, always act based on what is actually happening in front of your 2 eyes, there are no "experts" (with one exception of course ), and, always know that Time = Money.

Once you actually believe and practice the above, you WILL make GOOD money trading, and, you will then see what the obvious really is, which is not so obvious to most:eek:

TE

 

I have definitely found out that mastering trading isn't easy. That's for sure; I'm determined to crack it though. I think sometimes I have too much information floating around in my head, and I'm not sure how to put it all together.

Some days I can nail trade after trade after trade. It's easy. A couple days later I look at the chart and it looks like something I've never seen before.

I've noticed that days when I exercise the most patience and wait for very obvious setups I'll do better. Days when I think about "time = money" and where I try to catch every single move to avoid wasting time I get my ass kicked.

The day after an ass-kicking I'll try to be patient again, but usually too patient, and I'll miss the good moves, watch it leave without me, and then take marginal setups to try to get something out of it which doesn't work out. So far only patience for the very best setups has worked. But I'm not sure if that is good or not, because sometimes I miss out on excellent moves because the setup wasn't obvious enough, so I tend to go back & forth from one way of thinking to the other, and I end up getting nowhere. It just comes down to confusion in my head. I'm not sure of the best way to go about trading, so I don't know how to create the best process to follow.

I'll just keep working at it until I figure it out. I appreciate any help I can get from you or anybody else, but I know in the end it's up to me, and I will figure it out. I think at this point I'd have to have part of my brain removed to get me to stop.

 

Hi DionysusToast

I’m curious as to why you have followed ‘The Expert’ to this site. You are good friends with rathcoole_exile, the self-proclaimed trading guru over at trade2win aren’t you? Why isn’t he mentoring you personally?

Is it because what I suspect is true - He really hasn’t got a clue about trading and can’t trade for peanuts? Perhaps there really is some substance in this message you posted (and subsequently deleted) over at trade2win, a site inhabited and moderated by morons.

---------------

---Quote (Originally by rathcoole_exile)---
not joking m8, he posted somewhere, boasting to his brain-washed acolyte Dionysis_Carbonated_Bread, that he made $500 over a 9 day trade, but if he had not broken his own rules, that coulda shoulda been a heady $2k.......

impressive stuff !!

clearly, he is an expert !!!!
---End Quote---
Garry

With all due respect if you have something to say to me, give me a call or come round and say it to my face. We are both grown ups, right ?

This is a web site. An internet forum. We are all free here to discuss whatever we want with whoever we want.

You seem to have your panties in a twist about TE as do many others and there is already a specific thread set aside for the childish comments people want to make.

Why is it you and so many others need to come here and make snide comments ? Its just the internet. It's not as if there aren't a million places on the interweb you can find that dont **** you off is it ?

The only reason I can think of that people are up in arms about TE is that they can't make money, they think TE has the answers and they are upset that they can't get those answers.

From now on - give me a call and rant or exclude me from your internet sh1t fits.

DT
***************

 

The best decision in a particular situation is the choice that offers the greatest chance of the most desirable outcome. In order to make such a decision, the risks associated with each alternative must be analyzed in a balanced way.Well-informed, balanced analysis leads to the kind of decision you would want a brain surgeon to make on your behalf.

Broadly speaking, there are four mental forces that affect decision making. These are what we call the barriers to brilliant decisions. Collectively they undermine one's willingness to be thorough and ability to be objective. Understanding their effect on the way one thinks is an important first step towards becoming a better decision maker.

Senge found, in working with many corporations, that new ideas, initially successful in early tests, failed to be put into practice because they conflicted with "deeply held images of the way the world works." Sense likes Pogo.

 

Have you ever thought that charts may not suit you? They say a picture can paint a thousand words, but do you really want your mind to be overloaded with chart words?

Support, resistance, channel, pinbar, insidebar, moving average, hammers, head and shoulders etc etc etc i could just go on.

There are other ways to trade, you don't actually need charts, the bloomberg ticker on it's own would do, this is just one example.

 

To trade without charts is to trade blindly:eek:

There is not much logic in such a statement, and, all that it shows is that such people have yet to discover how to read charts CORRECTLY.

One can also make money trading by throwing darts at a printout of the S&P 500 stocks, but, even a child knows how silly such an excercise is.

 

Why does it bother YOU what DT does ?

 

MK, you are all over the place:eek:

What are you trading, what is your average size, and how much risk per trade are you taking on (% of leveraged trading capital)

TE