You seem to be incapable of basic comprehension, I certainly don't do what you said above. See my previous post regarding selling resistance and buying support. Not everything in life has to be coded to have validity.
Why not just enter randomly based on your bias for the day? Then apply the rest of your post-- the results will be identical without the use of TA to pick entry points. surf
And some of us disregard money management, wipe out clients' capital and don't even answer the phone when they ring them. Pathetic!
It happens, man. I am far from perfect and have made massive errors in the past. All you can hope for is to learn and move on-- but first you need to move away from home and/or your sucky job to understand what I am talking about. This is no way to win friends and influence people-- why don't you reveal who you are-- afraid, i bet. surf
Regarding yachts & Ferraris. Most retail TA guys trade their own capital, prudent money management prevents a trader from making huge returns percentage wise, unless returns are compounded. Now pro traders also do not make huge returns (% of managed capital), it's just that they live on commissions generated from investment capital uncomparable to an average retail account. Secondly, it is childish to suggest retail technical traders do not have a luxury car or a yacht. It's like saying all pro traders have penis enlargement surgery. Assumptions.
What I do find remarkable is how a poster that worked in pro trading industry for a long time isn't aware that traders don't buy resistance, but sell it. That is truly astonishing.
So many traders repeating the same old tired words they've heard others say without ever thinking about what they mean. Words often seem deliberately confusing and difficult to understand without renaming them.