I'll tell you what's wrong with you

jokepie · Apr 25, 2011

Quote from bbot23:

You're not trading the right product. It's not that you lack discipline, focus, passion, money, or time. It's not that you make mistakes from time to time and have no "edge."

The stock you're currently trading just sucks, and you keep going after it even when it doesn't put out, even when your signal told you to trade it YESTERDAY and not today, even when you lost money, even when there's no volume, even when it's the choppiest piece of crap you've ever laid your eyes on, even when you tell yourself it's the last time you're trading it.

Do you know why I netted 4g's last month on EWJ over 3 trading days? Because there was an earthquake, a tsunami, and nuke alerts that made everyone run for it.

Do you know why I netted 1500 on NSM last week's tuesday? Because there was good news on it and it was HOT.

Do you know why I netted 2g's monday on LVLT? Because it was part of a buyout.

There's plenty more of those, but what do those three have in common? news and VOLUME

Do you know what I've lost since then? A lot! On mistakes! I panicked a bunch of times, made keystroke mistakes, only took 1 or 2 cent profits instead of 5, got shaken out here and here, didn't listen to myself, and yet what happened? I came out on top. Why? Because the instruments I used were amazing. Because any hesitation was quickly confirmed or disconfirmed. Because the stock I played could not be GAMED by some jerk-off with millions to play with when the stock trades ridiculously low volume. Because it was a short when it printed RED, a long when it printed GREEN. Because the L2 didn't fake me out at all.

Oh I almost forgot. All of the above were day trades. I didn't give a damn WHAT news was on them. I just cared that there was something! Seriously, whatever you're doing, you're overthinking it.

Anyway. Guess what I did after that? I didn't go back to those products!

The difference between you and me is that I play stocks that don't bullshit. Your "stats" include a lot of unpredictable events like news and big ballers in Russia and China that manipulate prices to screw with algos and little dudes like you and me. You will get burned by situations like that, so avoid them. But when there's a train, you hop on it. I don't care if you're a sissy, if you make mistakes, if you miss the level, if you've lost on the stock before, if you pay crazy commission, if you're not sure on your technical analysis, or if you're the biggest amateur trader in your prop shop. The point is, you have to pick the right stock. The rest is easy.
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Its is the Holy braille ..! No Pun Intended

Had to come back and do this !

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I'll tell you what's wrong with you

jokepie