Trading is easy, very easy, damn easy

Lacking context…. Lacking everything….. hmmmmm now let me think…..

So if I follow – these trades had no context / no framework/ no box…., nothing which would provide a good foundation (way) to define, quantify, and identify - what we were doing, when we should do it, why we should do it…. or even if what we were doing - was the right thing to do to begin with – I see


And like all good craftsmen / craftswomen, who use frameworks/ boxes to build – umm ….anything…

I believe traders must also have a framework/ box in which to build a trade around – interesting….


But to build a framework / box – one must have tools – no???


So should I use – oh I don’t know.. let’s say – MACD, Stochastics, RSI, Elliott Wave, Fibonacci, Bollinger Bands, chart patterns, MA's, etc, etc, etc, etc – to build this box?


I suppose I could… but if in fact I used these – then wouldn’t I already be in a box (thinking wise)….

Because as most everyone else already uses these – and if I did what everyone else does – why then should I really expect anything different than what they’re already getting – Hmmmm…

I believe that is how some define insanity too – curious

And as I do so wish to be one of TFF – I can’t really rely on the many's way of thinking now…. Can I..



On the other hand if I wanted to build a proper box…, then first mustn’t I step out of the box (thinking wise) – objectively look at what I’m trying to identify, quantify, define… then build a box to that specification… why I do believe so


My – my how all this thinking has exhausted my one brain cell…..


So I’ll shut up for now (as it is the only time my ears and mind are truly open..., and I can relax my one brain cell) and ask someone to assist in helping me think this through – please



Btw MC – What is your thinking about my thinking Sir?

(Aside – One time one of my kid’s baseball coaches stated “Baseball is a thinking man’s game” – I’ve expanded that saying to include life… and trading - obviously…..)


Regards

RN

 

Aren't we trying to identify, quantify, and define a high probability setup for a profitable trade?

If you have 'one' brain cell then I have 'half' brain cell which is also exhausted.

Happy Trading

 

We got 9 trades to go and a lot to learn

It appears to be MC's turn

 

+1

 

Hey Jim,

True – and I would bet no two traders define "a high probability trade" the same way Sir

(I see what I see... but do you see it)


I also think it would depend on ones comfort/ skill level – of being a trader – and trading (managing) through it



So

How high is high

How high is high enough

Rhetorical questions Sir – as no two traders are really alike


But always remember no matter how high – it is still just a gamble


Take Care

RN

 

So other than 'price' what tools do you use?

 

Good question - but as MC's intent is not to help me - I defer the answer

I do not want to taint anyones open mind


I will say I build my setups on the fly, and use 5 different intraday trading techniques - depending on the market's personality

And seldom if ever intermingle the 5 - as that is a disaster waiting to happen

eta - To me they are tools - each tool has a specific use, and specific time to be used



RN

 

LOL, Classic!

 

75% - 100%

at 1:2+

Risk:Reward ratio

Note: 2+ means "reward level of at least twice the risk, perferably more - up to 4 or 5 times the risk - but those trades are hard to hold.

 

So let me ask you...

How do you ever "know" either of those two?