I'm calling it - The Top Is In

So it was you who wrote that you will be happy to buy from me with Qs in area of top earlier today. Check it out, Qs now at 42.26, at 3:45PM. So I took your money, and you thought you would take my money. I won, you lost. R U now still in doubt about whether I have models?

So R U taking the loss or holding for the night? Prayers?

 

So, is the top still in? Please show your chart. Thanks.

 

well............was there a new intraday or closing high?

or just an abandoned baby candle, below it?

 

What are you asking me for? You're the expert.

 

Safe to say the top most certainly is NOT in!

1065 is a beautiful number.

 

you're not discussing, you're just yapping, like you do in other threads as well

on ignore

 

We can still bust it tomorrow. Never mind.

 

Good answer, I think he should just say that he was wrong and swallow his ego which is precisely what kills most traders, the need for, not speed lol, being right.

We all make bad calls, great traders do, great people do. It's part of being human.

It's how we manage the bad calls and how we manage the good ones that ultimately define us as good or bad traders. It was never about being right.

If you were wrong, we won't think any less of you, but if you were wrong and you keep acting like a spoiled kid, then yes, we will think very lowly...

 

I usually hold overnight. No loss yet.

Prayers? I don't need prayers when I can just peek at your "models".

 

I'll put this out there. This will likely come as 0 surprise to other traders who have been profitable over any extended period of time. I've been trading profitably for around 10 years. Today is a fairly standard breakdown for me: Down in 22 stocks. Flat in 2. Up in 13 stocks. Outside of the top 3 gains and losses you've got 31 stocks left. The gains and losses on those are inconsequential, and essentially neutralize each other. On to the meat, the top and bottom 3: The cumulative gain of the top 3 exceeds by 4 times, the total of the 3 largest losses. THAT is the part that makes my day, and the part that typically will make or break my days. Today was a typical up day. Should (always) have done better.

The point is that the author of the quoted post is spot on. Even the best and most profitable traders (certainly not to say that I am one of them) may lose 50-75% of the time. It is very much about how you manage being right and wrong, and the unexpected.