I nominate this as one of the top 3 most ignorant posts in the history of ET. Nothing worse than an arrogant moron pontificating nonsense about a subject she knows little to nothing about. You can have 50 small losses in a row, then have a huge win and have a great month. the opposite is also true. Your post makes it clear you just don't get it-- maybe if you study more and talk less you will understand one day. surf
Yep, no doubt-- we saw that from a mile away and are pushing toward our first 1000 point single trade in the YM. surf see surf report journal
"Melt up" frustrartes many people including me. We have seen a few of these runs in recent years. I wonder if EOD swing trading in this environment is more difficult than day trading or the same? So, once again in my quest for profitability I must have more than 1 trick that I can use in this market price behaviour. Great posts as usual NoDoji. It may be that an Al Brooks "just get in the strong trend on a very minor pullback" ( similar to your blindfold uptrend chart analogy) is a valid method here.
Right. You are predicting that over time the price will do what you think it will more often than not. If I have a six sided die and instead of being numbered 1 through 6, it has one 1 and five 6s, if you were to roll that die 10 times I predict it would be mostly 6s.
Just to play devils advocate-- if that's the case, wouldnt' buy and and hold make more sense? very light commission, and over time price will do you what you think??? surf
No sh*t??? Holy cow, I f*cked up royally last Friday. I had a 36% win rate. I gotta run, the GA meeting starts in 10 mins
i betcha you can have a 1% win rate and still make money, as long as that one win is bigger than the 99 losses combined..... what's wrong with these people?
Surf, we're on the same page! I had a 9% win rate one day and still made money! I'm gonna have to make it to one of those Surf Fests and party with you
Great! maybe you will be one of my "close friends who are also technical analysts" one day! Mrs. Dr. surf is with child, so we had to cancel the fest this year--- hopefully next year... surf