EXACTLY! That is why I do what I do now, with buy, hold, roll! That chart is EXACTLY what I experienced, and fell for. But no longer. You can see it in my journal, the evolution of going from that chart, to where I am now. I am into a smoothing method utilizing time. Fuck it. Say it! #gobulls
Do you have a rule when to exit when the trade is not working? Even the best of signals have chances of failing. You need to exit to protect your kitty and stop the mental agony. Unfortunately no easy way to learn this...
Good point. Exiting is something else I need to formulate an exact plan for. Been doing it a while in my head, but it's time to write it out and not change it for a while.
That song needs more rules in it. Here. This is a more orderly written song that reminds me of scalping the open on the NQ or YM. If trading could be put to music, this would be about right: But it can't be done without strict order and rules!!!
this guy is just desperate to get a FOLLOWING..he would do anything to be a prophet with large crowds listening to him with reverance..that woud give him a permament hard-on! be it religion or trading, it doesn't matter as for some it's based on having faith
There ARE some things that repeat themselves in the markets. I wasn't referring to having a 100% accuracy rate per trade, but if you can find one thing that repeats itself consistently in a tradeable way, then even with a few losing trades, it's "guaranteed" to make a profit. If the rules can be put into an automated strategy and backtested then that is another way to verify that that observed, repeating action, does "guarantee" results as long as the rules are followed when trading.
That's kind of mean. I like chatting in my journals with others. Nothing wrong with that. This journal is simply to help me stay focused on what is keeping me from being a profitable trader: I haven't wanted rules when trading. Doesn't mean I don't have a profitable system that has been backtested, because I do have a few, actually. But nothing I plan to share.