is trading a horror? losing more than winning? do this!

Discussion in 'Trading' started by padutrader, Oct 17, 2023.

  1. Yeah, pretty common way to keep losing.
     
    #11     Oct 17, 2023
    murray t turtle likes this.
  2. Why not just go with a Magic 8 Ball?

    upload_2023-10-18_12-21-38.jpeg
     
    #12     Oct 18, 2023
  3. padutrader

    padutrader

    those re only one type of second signal
     
    #13     Oct 18, 2023
  4. padutrader

    padutrader

    of course if it is a with trend trade
     
    #14     Oct 18, 2023
  5. padutrader

    padutrader

    yes behind every one including GS
     
    #15     Oct 18, 2023
  6. padutrader

    padutrader

    that depends on market conditions and strength of trend.

    if the trend is strong and in a narrow channel then it makes sense to enter on a first signal.

    if it is a wider channel then look for signals near the extremes of channel to buy low[in the trend] and sell high [in the trend]. the width of the channel is a trend.
     
    #16     Oct 18, 2023
    Darc likes this.
  7. padutrader

    padutrader

    entering before anybody else is not a smart thing to do.

    if somebody has bought but not bought enough to move the market, that entity will buy more when it has a chance.

    if you buy after many such entities, they will protect their entry point.

    so you will have protection of the entire market WHICH YOU NEED

    unless you are as big as the big 5, who control 80 % of the market ,it is smarter to take their protection, as they will protect their entry, so you have to accept a worse fill, and you are in effect paying the market PROTECTION MONEY for YOUR safety.

    this is the logic for a second entry. Good fill: bad trade ,bad fill: good trade

    if you get a better entry price on the second entry than the first entry BEWARE !!!! and look at your market read again since often the market is setting up a trap.

    so you can pass snide comments that try to show how good you are and how stupid i am but you are thinking wrong and misleading the lesser skilled members of this forum
     
    #17     Oct 18, 2023
    HawaiianIceberg and Darc like this.
  8. It hurts to read your post.

    So you are not trolling, interesting.
     
    #18     Oct 18, 2023
    padutrader likes this.
  9. padutrader

    padutrader

    love a guy with a sense of humor.
     
    #19     Oct 18, 2023
  10. Darc

    Darc

    Al Brooks says the best R/R Entries are on the first Pullback, when the new Trend is barely recognizable.
     
    #20     Oct 18, 2023
    HawaiianIceberg and VPhantom like this.