Good trading advice is like advice on quitting smoking. No matter how much you show that smoking is bad, most people will still not listen. Some may quit eventually but only by the hard way. The rest will get cancer. Everyone thinks they will become the next trading success story, but statistically that's not possible. In trading: Those who don't know, love to talk. Those who truly know, don't like to tell. On ET: Those who don't know, love to give advice. Those who know, don't give a damn. This is my 277th post and will be the last one for the year.
lol,,i hear you. Nothing like a 2 month streak and then a 2 week drawdown from hell to bring me back to earth. EF
Completely agree with you. It seems the terrible twos last only 10-12 years, before the terrible 15s start! where you can look for friendship, and may be teach him to trade. Until then just be a good parent. Momo.
Currently living that dream, 14 (6'2') and 17 (6'3") I miss the days when I could physically pick them up to get my way.
I agree pretty much with the theme of this thread. 1. Scroll back to longer time frames 2. Trade with the trend 3. Be Unique - be able to make informed trading decisions for yourself
1.) Always trade, and stay in the market. (pay attention to it). It will help teach you to keep your emotions under control. ( i periodically go in the market for 2-4 months then hit a losing streak, then take a break, then come back) But each time I get back and stay in I have this emotional euphoria that impairs my judgment. 2.) When he ADX is relatively low, look out for a quick move (up or down) soon.