@wrbtrader said it pretty good. Just from the paragraph you wrote, we can break down what the problem is. If you "need" something from the market, you wont get it, or at least not without paying a hefty premium. I have never heard of someone who spent 7 years testing the default stockchart.com indicators. I am not trying to be harsh but it is quite evident you are unwilling to learn. I think that is what @wrbtrader is trying to get at. There are so many products available to a retail trader, I am not to sure why you would get hung up with the mini's (maybe simplicity and leverage?). With some programming and math skills (grind it out for a year) the world will open up to you. Im not saying these are necessary, but as someone mentioned to me "not having these skills, surely gives you a negative edge". There are also some amazing people on this site who will be willing to help you if you put the effort in to learn skills that push your boundaries. Push the boundaries dude, I feel like it's right around the corner for you!!
http://1.droppdf.com/files/zWGdF/expected-returns-an-investor-s-guide-to-h-ilmanen-antti.pdf I very much liked this book (except for the fact he mentions "In this book we will discuss..." for the first 2 chapters lol. But I think this might set you down the right path. Ps. Do the author the favor and buy the actual book.
have you passed your demo trading? demo trading is 90% technical, 10% mind management. Live trading is 90% mind management, 10% technical. After you have passed your demo trading, and live trading is no good, fix the mind management problem.
You're swing trading now, right? On your last post in your swing trading thread (on 9/29) you said everything was going fine. So whatever was working through that time, focus on that. 9/29 was a pretty big up after a recent gap up. I am on the skeptical side and figure some day it's gonna close that gap so I'm looking for excuses to take profits. Did you get caught in there and get whipsawed for the past month? If so, that's where you can start and get back to what was working and what to do when it stops working. Zoom in. Zoom out. Analyze. Take a breather. Come back. But as what everyone else has said, you have to find out what works for you. That's why so many people are like "MACD is garbarge" or "MACD is everything". They are trading through their style. It's like asking what your favorite color is. You won't answer "well I read that blue is good and red is garbo... so I guess blue (but I like green...)" Find your green.
It's not which or how many indicators that you use that matters; it's how you interpret them and how you use them that's going to make you the profit. All those indicators are all useful in their own way of trying to tell you what the market is doing. What you need to do is to figure out how what the indicators are showing you apply to the market and profit from it. It's not as simple as "green light", "red light". You have to figure OUT why when it's "green light", it's better to go long and when it's "red light", it's better to go short. If you can't figure it out and make the connection, then you should consider investing or just trading casually.
Thank you everyone. I think I was just having a really really bad couple of days. In answer to someone’s post I am not swing trading at this point in time. I have a good method and just need to stick to my guns. Plan my trades and execute the plan
That's a possibility but how long or how many trades does a trader needs to be successful to not be consider "fooled by randomness" ??? wrbtrader