Why does TA not work (for you)?

Use TA to react to market moves, not predict. That's a good starter.

 

That makes sense to a point. Like soros reflexity or something?

 

+1 !!!!

I couldn't agree more. That first paragraph is a gamebreaker. If a guy can adhere to what you said, they will do tremendous. I use trailing stops to take losses on all trades. Once the stop is hit, trade over...move on. Look for the new trade.

Back in the mid 90's I had probably 15-20 buddies who traded. Now there are 3 of us left. I can safely say that all of the ones who got knocked out were due to lack of discipline. Not knowing when to say "this trade is wrong".

I went back and looked over the last few years of my trading results, and the amount of money I saved by changing the risk on each trade is insane.

 

Come on man, you know what she meant.

Clarified? I will clarify it for you, SARCASM.

 

Yes, like Soros, to a degree.

My reading of Soros is that underlying his philosophy of the markets is the statement "the market is always wrong" and, well, that's what I think as well. There is no "equilibrium". The market always overshoots in both directions.

If you can identify the "moment of recognition", when the collective recognizes that it's overshot and now begins the process of overshooting in the other direction, it's a pretty powerful framework for entering and managing trades.

 

Let's let her clarify. Untill then the words are what they are. Surf

 

No argument here. But it's not the collective of traders, it's the capital. Could be one guy making the price change.

 

I think that one reason it's really important to design your trading strategies for the right timeframe for you is precisely that it makes it easier to "move on" if you know that you won't get frustrated waiting for the next trade. Before I understood this fact, part of the reason I'd hang on to a loser is because I didn't know when the next trade would come along. Stupid, but that's the kind of stupid thing you do when you don't have a solid plan.

Not wanting to be wrong also hurt me. When you look at other parts of your life, like academics or work, and you see that you are right 90% of the time, you tend to think that translates to trading, but it doesn't. Nor does it need to. You can be right 50% of the time and make a killing.

 

So random entries are ok? Right 50% of the time, flip a coin 50/50. Obviously with solid money management.

 

You are obsessed with random entries. Why?