Since the start of this journal, QQQ is higher by more than 15%. In the meantime, kp lost money, became frustrated, and is still lost. Maybe you should stop behaving like you’re smarter than everybody! If you only had invested in that ETF, you could have made a little bit of money while sim trading, and maybe you would know a little more right now.
Can't speak to Emini But in Slugar's cased - you're an imbecile Keep on keepin on KP yippee ki yay RN
Just for the hell of it, plot a MACD on the last 20 or 30 charts and see what you've got. A moving average is after all just another type of trendline. If the MACD can put you in place and hand off the trade to you, then why not?
Excellent advice slugar. You've described the essence of trading without cluttering it up with any tangential asides. k p, if there's any doubt that slugar intended to emphasize that the metrics he described must be tangible than I can assure you they need to be precise measures that only allow for waffling within precise circumstances that themselves contain their own precise metrics thus eliminating indecision entirely. When you have mathematical proof of the validity of what you're doing then you will have no fear. If you have any fear whatsoever then you should not be trading. It's really that simple.
Are you kidding me kp? I've told you a few times about my struggles of course I don't think I've arrived by any means. Not sure anyone that has offered you advice has ever shown you why you should listen to them.
k p, I know you have a lot of people telling you stuff and it can be difficult to assimilate everything but you tsum take the time to reread this post by Jas (and the post by slugar) because they've simplified it down to a science.
Although I value everything you say Db, I would hate to add one more thing to look at. I have to figure out why I am not doing what I should be doing. And if I don't know what to do in a situation, I have to figure out if this just means I need to stand aside until I do know, or if I should work on delving deeper to find out if I can make sense of it. In some respects I do like the idea of a moving average because I think lots of people use this, and if lots of traders are looking at this, perhaps it makes sense to know what they are looking at and hence to be able to better judge where the market it going. Just like a previous day high or low... lots of people look at this and hence it makes sense for me to plot these on my chart and see what happens around these areas. But I don't think I need this MA, and I hate the fact that the MA is a calculation based on what was in the past versus being focused on what is happening right now.
You’re not in any capacity to be a good trader with this state of mind and attitude. I suggest you save money and time for something else until a relevant change has happened.
Since I'm on a roll here today... lets address this as well. I'm sorry that I am not familiar with your posting history, nor do I know what kind of trader you are, but none of your advise is all that helpful. You say QQQ is up 15% this year... so what? How much is Google up... or Tesla... why not just suggest I buy those? When did I say I was smarter than everyone else? All I'm saying is that some things don't fit me... don't jive with my personality, don't address my own fears or strengths. You sound like a long term buy and hold trader given your advise to buy QQQ since its up 15%. How is this helpful to a guy who wants to be a trader and not an investor?