How do you suppose a thinking person would benefit from YOUR journal? Are you doing all these "noobs" to whom you refer a favor and, if so, how? They should take your buy and sell "tips" without even understanding the basic rationale of your timing? Is that what you expect thinking people to do?
Within the system itself, that's what it is. One needs a starting point to take action-- can the system be off base completely? Yes it can but when taken within itself those are the odds and the impetus for my entry.
I always know that I need to wait at least a few extra minutes so that surf can have maximum opportunity to edit and re-edit his post several times....ya know....so that he can get a few extra jabs in that he couldn't think of the first time he hit the send button. As far as helping noobs, I've mentored two traders in the last 10 years one on one. Spent a lot of time with each. I met one of the guys via my sister. A friend of her fiancees at the time and the other I met through a friend of a good friend. Each is still trading. I showed them some of things I used myself but I didn't force my approach on either. Both were similar in some ways but one was a bit more conservative in nature. Both had sufficient funds to live for a couple years in addition to having some small capital to work with. I just tried to impart what I believed to be a correct mental approach as well as some tactical advice and spent time going through each ones trades each day to try and pinpoint their weaknesses while also praising their strengths. Anyways, to your point, journals are pretty much worthless on here other than for entertainment purposes IMO. I feel I've given back more in terms of personal one on one helping than I could ever accomplish via a journal here. That's just how I feel on the matter.
Nice......I was at the Rangers/Detroit game at Madison Square Garden when Probert and Domi had their epic battle. I have never seen such a buzz in an arena before. They stepped onto the ice 2 min into the game for a faceoff and the place went berserk. I remember The NY Daily News had a tale of the tape on the cover of the sports page. I think they threw something like 200 or so punches. I'll try and find it on youtube and post it.
@fireplace Your writing style is very similar to another poster with the alias Proflogic. But fireplace posts behind a proxy. Very odd coincidence.
Really, please site specific syntax that you believe to be similar. I can assure you, I'm not him. Ask mods if I post behind a proxy...go ahead ask away.
Surf......you trash the TA guys saying that past price action has basically no correlation with future price movement.....but then say part of your analysis is based on what happened the first day of fed meetings in the past...implying that what happened back then correlates to what's gonna happen tomorrow? If you believe in your system and it is giving you a 92% chance of a down say then you should have on a huge position overnight. Seriously. I know when everything lines up in the strategy I use I have no problem trading the biggest size possible that my account can withstand. It doesn't happen everyday...but when it does you have to load up brother. It;s the Dave Schultz "Hammer" trade.....
Surf's a good guy in my book.....but come on....92% !!! He should be in there right now hitting every damn bid.
I'm not saying he isn't a good guy on some level, just that he said he trades as a hobby, he has other ventures that he earns a living from. Heck, he even listed his resume on this thread a few pages back (I think he was looking to get hired by someone for a traders assistant job) So we have to look at him through the lens of a hobby trader rather than a pro. That's why he is sized in (for him) and not hitting bids on the way down.