It's not laughable at all. Rather it's one of the characteristics of a bear market. Many traders have already quit and many more will do so because it will be difficult for them to make money. Those who last, of course, will eventually clean up, but most beginners don't know and will not know how to last.
if your a newbe the first thing you need to know is that in chat rooms the winners are bragged about and the losers arent mentioned.
DB....I take that crack back about not posting anything useful. I just took a look at your keep it simple thread. I use that tactic all the time. Works too.
Yep, DIM=Deep in Money. PDT doesn't bug me that much, as I swing trade, but that time decay thing really gets to me. Someone mentions SSF to me earlier as an alternative, so I will check them out. Thanks
vhehn, i know this more than anything. i spent more than 1/2 year looking around for a good strategy / mentor for a good strategy. when i narrowed them down, i spent a good deal of time looking at their logs for the previous 5 months (that actually took 2 weeks to go through!!), and backtested them. losers are right up front with the winners, everyone can see them. part of the reason why i chose this mentor is because he and the group that i belong with talk about the losers just as much as the winners. more importantly, i notice how people on this board try to contest other member's integrity. i don't quite understand this...is it because people are frustrated? i just hope i can help people out with their problems and i can come away learning something that i didn't know before. thanks for the good advice, you certaintly are right about how people tend to prop up their winners -- you must backtest and prove to yourself that you aren't being suckered, and more importantly, don't rely on just one person's system, just like you wouldn't with one indicator.
that "tactic" you so easily wave off is a bit more sophisticated than you apparently know, you'd do well to learn "its" nuances.
There are a few people on this forum that accuse everyone of lying. Guess they judge others by their own standards:eek: Most of us are trying to help and learn from each other. I really like the futures market better than stocks. Much cleaner market. I want to learn to trade commodities one day.
my take on what he was saying is that lack of volitility and lower share prices allows you to use much bigger size to scalp with.