Traders of Interest

Discussion in 'Trading' started by BKR88, Dec 21, 2024.

  1. volpri

    volpri

    Does EW work long term? Yes or no? Then explain.

    Why share? Why be on ET? Sharing PA makes PA even work better if some institutions like the concept (s) being shared and uses them. Win...win. Another trader can never hurt me in a lasting devastating manner because they know how I read or execute PA. I keep my SLs far enough away from any predator and far enough away from just the plain ebbs and flows of the market PA so any adverse action will encounter resistance reaching it as other institutions will be pushing back. Play the institutions against each other. I am constantly moving Sls and PTs depending on what they are doing. They cannot hide their tracks. Their moves are an open book.

    Another reason to share. It may help some trader in their journey. Or not. But the good intention is there. Hopefully.

    How about showing the chart live as trades are taking place. However, after the fact static charts and replay can be useful in explaining concepts never understood or explained and that can be subsequently tested out live on a SIM or with money. I have been helped by traders on ET and other forums showing concepts I never considered. Have you?
     
    Last edited: Dec 21, 2024
    #11     Dec 21, 2024
    Slope Trader likes this.
  2. nursebee

    nursebee

    What is PA? What is SL?
     
    #12     Dec 21, 2024
  3. volpri

    volpri

    If you are asking what they stand for....
    PA = Price Action
    SL = Stop loss
    PT = Profit Target
     
    #13     Dec 21, 2024
    nursebee likes this.
  4. I'm all for collaboration... There just isn't an indicator or chart pattern that you can systematically trade and think you're going to make money consistently. Well that's not entirely true but true enough for most traders. :)

    Trading behavior makes money not trading systems.


     
    #14     Dec 21, 2024
    piezoe likes this.
  5. themickey

    themickey

    Gee whiz that's interesting!
    I'm the one and only coder making a system which looks at trading behaviour.
     
    #15     Dec 21, 2024
  6. I always wondered why would a successful trader show the way they trade.

    Altruism might be one answer, but looking at the examples we see everywhere they most likely have an agenda to meet, and those how-tos are just ways to push people towards misinformation.

    As an example, the post that OP has recommended has the amazing title:
    "Make 1K a day! even with a small account". That title comes straight away from the Scammers 101 book.

    From time to time, you see people on YouTube like this guy.
    Someone who has been imprisoned for raising the prices of life-saving medicines.
    So you can follow him because he is now trying to clean his reputation by helping others to trade. Maybe we have to look for the ones that have been to prison first.

     
    #16     Dec 23, 2024
    SunTrader likes this.
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    #17     Dec 23, 2024
    BKR88 likes this.
  8. FJS

    FJS

    Shkreli is actually pretty sharp with some of his ideas. He was analyzing SAVA drug trial data trying to figure out if they were going to fail in their most recent trial. Now it was 50/50 chance on that guess but he at least had a physician that he was discussing the data with and the way he approached his analysis and the conclusion he came to ultimately ended up being correct. I really would like to know if he had a big short position on them prior to their failure because I have tried shorting that stock a few times over the past year, as did another physician friend of mine and we were never successful in catching a drop.
     
    #18     Dec 23, 2024
  9. SunTrader

    SunTrader

    He has a lifetime ban in effect from any pharma industry involvement so .......
     
    #19     Dec 23, 2024
  10. You’re not a real MM until you got ran over by someone who got inside scoop. The only thing is would say is if you get picked off on one clip, shame on the counterparty. If you got picked off on the second clip, shame on you.
     
    #20     Dec 23, 2024