My guess as to why traders fail

here is the attachment.

 

Jack is improving. This was his charts last year

 

Sheesh, Jack. Maybe the shrink can cure your impulsive diarrhea of the fingers...

 

So I see two moves, d and non-d. Which is the third?

 

I am fairly sure that I am doing things that the majority are not because I don't see them being discussed on ET or elsewhere. This is desirable if you think about it.

 

The important lesson to take out of this is when you're trading 1 damn lot and it shows you 4 pts profit, take the money and run, then do it again. The "do it again" worked fine, because I took the money and ran

 

Agreed. Tim Sykes proved this.
Then...he went from "special" to "normal"....
and lost it all back.
His is a great example...NOT to follow.
Instead of doing what Tim did:
1) stay humble
2) stay focused
2) stay special

 

You can't control direction but you can control risk. Effective markets not efficient. There-in lies the edges. Patterns repeat just like the sun rises and sets. Ebb and flow.

 

Jack:

I think I understand what you said about the dominant move and non-dominant move. That makes sense.

But I don't quite understand what's meant by vertical and horizontal orientation. Would you expand that? Vertical does it mean price? Horizontal does it mean time?

 

I have heard of Tim Sykes but did not follow him. Did he lose it all back? In trading?