porgie what kind of idiot r u? i think u r old man who is nuts....who is bored and never trades.........how can you be so stupid.....big talk but if u r trader u would call some realtime, u big loser....according to steve101 and ripley van winkle you are a pathetic old loser.....we need realtime trades to see if we can steal your stuff.......ours ain't the stuff dreams are made of....only nightmares......this is a business for grownups only.......not whining little minds.........
na.. I don't think thats it. I just wasn't able to get through that 5 pg post of yours. ..at least we had a good run with this thread. We were able to expose that half the ET crowd is all talk and no trading/papertrading. The other half is the vendors, charlatans and the guru crowd. Then there are the $5,000 seminar crowd who is always in search of the next top trading instructor. Then there are the n00bs who are trying to make 30 million in 3 months. ahh.. fun place to be. An appropriate mascot for ET would be Elitetrading Losers.
ripley, my suggestion to you is to go to the 30 min chart and figger it out.....you were one of those 2 and 5 min boys scalping as u went.........highest state of mental excitement known to man....the overnight rich mind bias kept u in the trap......you lost too much without backing off and saying " am i in the wrong box?" let me take a few years to learn this stuff.........be happy if you are a s blessed as i think you are.....wish u all the very best........u can do this if u really want to......but the ego and greed must be suppressed.......porgie
I think you need to get yourself a big round glass for your eyes. Where I live, its just plain flat. I mean, does it EVEN matter if the world is flat or round as long as I am just going to go to NY once in a while to meet with the top traders and then once in a while to Florida to chill with my girls. Stick with what MATTERS !!! Maybe up there where you live, it might matter.
Ripley, I wish you all the best and nothing less in every aspect of life. I've contributed what I felt was helpful to this thread, nothing more for me to share or read in here ever aft. Best Wishes Always! Austin
Actually, it is SIMPLE to make money in the markets. "THE HIGH IS USUALLY HIGHER THAN THE OPEN AND THE LOW, LOWER." That is a simple statement that can make you all the money you'll ever need. MILK THE (GOOG) COW STRATEGY: "Trade GOOG at/near the open, at/near the open price." 1) Trade - go long or short.. I say it doesn't matter so pick one. Smart money FADES THE GAP!! 2) GOOG - that's the ticker for GOOGLE, that's not vague. 3) at/near the open, that would be 9:30 AM Eastern time. 4) at/near the open price, that would be the price of the FIRST trade of the day for GOOG. The above strategy DOES NOT take DrawDown, Risk Tolerance, Risk/Reward and Money Management into consideration. Draw Down... I don't care. What I look for is whether or not each entry had the potential to make a profit(run up). Risk Tolerance... use whatever calculation you want. Up to the individual. Risk/Reward... use whatever calculation you want. Up to the individual. Money Management... use whatever calculation you want. Up to the individual. Add your own rules to make the MILK THE COW STRATEGY stay within your DrawDown, Risk Tolerance, Risk/Reward and/or Money Management criteria. If GOOG is out of your price range then trade AAPL. If you don't believe this is true then go to finance.yahoo.com and enter GOOG or AAPL. Click on HISTORICAL PRICES. Then select whatever date range you want. Download the data to EXCEL. Enter a couple of simple calculations to compute HIGH - OPEN and OPEN - LOW. Then sort by the HIGH - OPEN column. Count how many days has a number less than .10. Do the same for OPEN - LOW. Of course, you can enter a formula in a couple of columns and compute this result. The number of days of .10 or less will be less than 10%. Vegas would kill for these odds. That means STATISTICALLY you have a 9 out of 10 chance of making $.10 or more on the trade. If you want, calculate the averages for HIGH - OPEN and OPEN - LOW. Divide by 2 and use that as your target exit. This is how you MILK THE "CASH" COWS!
read that volume, even though it lags, and the support and resistance especially when you have just lost on one 60$% system entry and the support/resistance strong point is coming up, and you are mad and will show the market a thing or 2......i know that r/s always is good turn point.......little tic thingie goes precisely to s/r price.......an dturns as i entered anticipating the turn..........trusting the turn.....price comes to me for 5 and i am elated and getting ready to go to be soon...be is breakeven..........ZZZOOOMMM. blast s right thru it and i lose again.. .........there are some things that work to the point of disbelief......extreme astonishment........s/r ain't one of them......volume ain't one of them.....they can be excellent compared to most.....but all in the same sad little box.......... emini daytrading stuff..........