WHAT IS A SECOND ENTRY ?

Discussion in 'Trading' started by padutrader, Oct 28, 2023.

  1. I perfectly understand
     
    #31     Oct 29, 2023
    padutrader likes this.
  2. padutrader

    padutrader

    there is no magic bullet in trading and second entry is no exception
     
    #32     Oct 29, 2023
    SimpleMeLike likes this.
  3. padutrader

    padutrader

    we have to accept that to survive you need to trade at an exceptionally high skill level.

    Brooks often say this and says trading is hard.

    this is where he is a bit different from others.

    he does not promise much
     
    #33     Oct 29, 2023
    SimpleMeLike likes this.
  4. https://www.elitetrader.com/et/threads/easiest-money-in-my-life.376609/
     
    #34     Oct 29, 2023
    SimpleMeLike likes this.
  5. Hello padutrader,

    Trading is easy. You told me trading is easy.
     
    #35     Oct 29, 2023
    ironchef likes this.
  6. Hello padutrader,

    I don't think Brooks is the complete answer for you. Yes his teachings help for sure. But I think there is nothing more to learn from Brooks or from manual discretionary trading.

    It's all on you now sir. Just like it's all on me.

    Seeking continuous learning in trading is a Horrible mental thing to do. It's just horrible.

    Best to try and get rich now. Or could take forever. And we don't have forever.
     
    #36     Oct 29, 2023
  7. Hello padutrader,

    You are the best technical analysis trader on ET forum I know.

    There is a magic bullet in trading. That bullet is you
     
    #37     Oct 29, 2023
  8. Darc

    Darc

    Yes. First entry is the Test of the Overhead Supply before the actual run up being the second entry., I've heard other Gurus describe it as.
     
    #38     Oct 29, 2023
  9. padutrader

    padutrader

    yes market does test .... and i believe it goes where it is allowed to or the path of least resistance.

    so if the market does not know where it is going how can anyone else?

    this is why targets are a .... joke?
     
    #39     Oct 29, 2023
  10. padutrader

    padutrader

    and the worst money maker

    i have to leverage the enormous knowledge i have.

    and the best way is to go back to basics. buy low, in the range/trend sell high, in the range/trend.

    there are various ways to enter but the place of entry is much the same: high or low.

    KISS
     
    Last edited: Oct 29, 2023
    #40     Oct 29, 2023