Trading the ES live-the Brooks way

Discussion in 'Journals' started by padutrader, Aug 18, 2024.

  1. padutrader

    padutrader

    lovely business this.

    whatever makes money do that.
     
    #531     Aug 24, 2024
  2. Sekiyo

    Sekiyo

    We’re all rich thx to Padu.
    Thank you Padu.
     
    #532     Aug 24, 2024
  3. You may wish to give that some thought.
     
    #533     Aug 24, 2024
  4. Really? I thought there were only two ways to lose money.
     
    #534     Aug 24, 2024
  5. schizo

    schizo

    Well, there are actually three ways to lose money:

    1) Direct loss (eg. getting stopped out, etc)
    2) Opportunity loss (NVDA vs QXO) (also getting out of the trade too early!)
    upload_2024-8-24_12-26-55.png
    3) Inflation (bet you never heard that one before!)

    [​IMG]
     
    #535     Aug 24, 2024
    padutrader likes this.
  6. As it relates to trading of the kind that Padu is engaged in, I would think that the two principal ways to lose money are poor entry timing and bad risk management. Context.
     
    #536     Aug 24, 2024
  7. Sekiyo

    Sekiyo

    Only one way to lose money
    Buy price >= Sell price.

    You can tell 1 million stories justifying your loss.
    But the trade is a loser because of this inequality.
     
    #537     Aug 24, 2024
  8. schizo

    schizo

    But then again, Padu never really shows his entries and exits, so it's hard to judge. However, everyone here is too damn gullible to believe everything Padu says at face value, and just assumes he's a losing trader. You're merely playing into Padu's hands and wasting your time (especially you, @Georgii).
     
    #538     Aug 24, 2024
  9. You think so? Damn! That does it.

    upload_2024-8-24_16-16-26.jpeg
     
    #539     Aug 24, 2024
  10. True. But it doesn’t really drill down to the cause.
     
    #540     Aug 24, 2024
    padutrader and Sekiyo like this.