This is probably the best thread I have ever seen on this forum. Thanks for starting it, and when people complain and call names please don't pay attention to them just click on their name then click "Add loudmouthtroublemaker to your ignore list" I am mostly a day trader but would like to start holding trades longer. How many days do you stay in your trades? or do you just set a stop and a target then wait for one to hit?
I hate to spoil the fun but technical setups don't work. Name one setup that shows no ambiguity and has positive expectancy, I dare you.
No one is going to tell you how to trade. However, I was trading with some traders today, some made more than me, but all of us made money. We used TA, not standard TA, had about 5 trades, no losing trades, one trader made over $ 1,200 for the day real money. All setups had no ambiguity and of course positive expectancy since we made money. I listed one trade here previously, if you bought that stock at any price on that date or at open the next trading day ie when stocks are open for trading, you would be up right now in profit. That trade had a 99% chance of making money for anyone who had the balls to go long. The problem is not TA, its having balls to trade correctly.
I think what you really should be saying is "technical setups don't work for me" And since you cant make T/A a useful tool, then obviously no one else possibly could...
TZ, was it your coming that was foretold or are we to expect another? If you're joking like the op obviously was, then disregard. My apologies in advance. But if serious, try to show some compassion like your predecessor did, your hanging out with us losers instead of sinners notwithstanding. OP seems to have blown Dodge. Shame. Thread idea is excellent. If wifey has caused you to lose so much goodwill from prior excellent posts so fast, and resort to outclassing IRS snitches, hope you learn from this video .... regards to you, TZ. http://video.google.com/videoplay?docid=-2729057242580504408#docid=-6454765442203076432
Quote from deadbroke: TZ, was it your coming that was foretold or are we to expect another? If you're joking like the op obviously was, then disregard. My apologies in advance. If you think the OP was joking, then you need to bone up on your reading comprehension. It was thoroughly obvious the OP was threatening lawsuits and actions against anyone who dared "infringe on his business and livelihood". I told him he was not allowed to consider this as a business, unless he is a sponsor. And this is a public forum and he is neither the censor nor moderator of ET. Sorry if you mistake -- challenging someone who issues several unprovoked blanket threats against everyone else -- for acting like the Messiah. Seems like the Messiah did not think highly of those who threatened or abused others, especially without cause.