my personal thoughts after 20 years of trading

Discussion in 'Trading' started by padutrader, Jun 28, 2018.

  1. padutrader

    padutrader

    i have benefited hugely from whoever has had the mood to explain or expound their method even if he has failed:at least we learn what is the rubbish at worst.Often there is always something we can salvage from the wreck of a method
     
    Last edited: Jul 9, 2018
    #111     Jul 9, 2018
  2. Humpy

    Humpy

    Now that is strange. From your first post I got the distinct impression that you had failed after 20 years of trading. I quote what you wrote.

    "i started out like most or many traders,by trying to study market movements, to make 'sense' of them.but after 20 years i have to say that i am no nearer to this goal."

    But now less than a month later you seem to be saying the opposite.
     
    #112     Jul 9, 2018
  3. padutrader

    padutrader

    I have dispensed with ALL indicators, not even a moving average,and i am trading naked:within 4-5 days of trading and losing i discovered the market structure that has made me profitable.

    if you use indicators,trend lines or even order flow that distracts you from the market action and structure.

    i have been educating myself to find a system that suits me but failing in that.

    there are many systems which are made to work by those who have the temperament;i gave you the example of pro who used a moving average cross over to trade profitably for 25 years and is probably still doing it.
    twenty years back i had a goal,a destination, which i had thought i was not near to but it appears in realty i was very close and now i have reached.
    it is like the moving average system,and no secret, but i have found after all these years how to know when the market changes from trend to range and vice versa.
    this may seem obvious to many but that only was missing in knowledge and it has made me profitable ,the way i has targeted 20 years back: if you want to be very good, it takes time.
    if the destination is far, you just have to travel for longer: others will say you have failed, that you have not reached; but they do not know where i want to go.
    ultimately all this has to show up....in your trading account.
     
    Last edited: Jul 9, 2018
    #113     Jul 9, 2018
  4. padutrader

    padutrader

    after 20 years of study,of searching for the treasure of success,my search has ended.

    A treasure hunter searched for a sunken ship for 25 years before finding it.
     
    #114     Jul 9, 2018
  5. Humpy

    Humpy

    Glad to hear that you have arrived...………………………..at last !!
     
    #115     Jul 9, 2018
    padutrader likes this.
  6. Onyx

    Onyx

    Congratulations.

    What was your turning point at the end ? Did you journal your trades to learn from them what went right and wrong?

    What price action strategy have you been using/starting to use: trend-lines/candlesticks, support/resistance ? What markets are you trading ?
     
    #116     Jul 9, 2018
  7. padutrader

    padutrader

    still to be confirmed only some time and broker statement will tell
     
    #117     Jul 9, 2018
  8. CSEtrader

    CSEtrader

    All the best, dear Padutrader! Can't wait to see you number one! Then you are going to change your avatar back on Trader God, yes? It was so nice to speak with Him, in his trading reincarnation, so directly on ET, lol!
     
    #118     Jul 9, 2018
    padutrader likes this.
  9. padutrader

    padutrader

    i trade only eurusd mainly rarely usdjpy
    candle sticks everyone uses them....
    i have tried everything in the last ten years from price action to elliot to fib to Demark,Hansen and a few more like Damir Capri etc
    finally i cleaned everything only naked chart and within 3-4 days started making money.Only two things,buy low sell high or buy high sell higher and if you watch the charts long enough without any distraction you will understand which one.And that is a huge advantage because you can then search for a set up to enter in the correct direction
    trading is simple do not complicate with the wrong type of inputs.
    how does a child learn a language; he hears it has no one explain it or teach.
    in the same way watch the charts for long enough and you too will learn their language
     
    Last edited: Jul 9, 2018
    #119     Jul 9, 2018
    Onyx and ElectricSavant like this.
  10. padutrader

    padutrader

    you do have nice imagination and genorsity
     
    #120     Jul 9, 2018
    CSEtrader likes this.