Why do you presume I was speaking about you? Your frustrated and angry reply speaks volumes about your state of mind. How can you expect to trade the markets successfully when a mere post on an internet forum elicits this kind of venomous response? What people call me doesn't bother me one little bit. One thing that trading has taught me is to disregard my ego, in all aspects of life. Name calling only affects you if you have a vulnerable ego to be bruised. I have no intention of parting with any answers. However, like the OP I know which questions must be asked in order to gain that knowledge. I am in a position to be able to help people ask the correct questions. Why do you post? To gain knowledge. What do you have to offer in exchange? Nothing. So why are you so keen to bite a hand that could potentially feed you? The OP is exceptionally kind. Be in no doubt of that. I have enormous respect for them, as they are offering a genuine opportunity to some. However, your attitude is such that I doubt you will truly benefit. This thread in its original incarnation helped me enormously in making the required leap. I felt that it was time to pay it forward and help others as I was helped myself. However, given this initial response I will refrain from further participation in the thread.
Thank you for your response, Scooby. I'm vulnerable and bitter at this time, this is true. Am I always like this? Don't we all go through stages like this in our life, maybe even several times? This is not totally disturbed state of mind though but it allows me to focus more on what needs to be done to sort things out and easier to see where the value is. And, just like you were partly speaking on behalf of others, I know there are people that feel like me - tired of pain and crap they are fed and want some answers. I tell this everywhere I go that the market teaches me how to be a better person and because of the market I started to understand how some other things work in life. Now allow me to apologize for the statements I made that you found offensive for the sake of others that are hoping for a person like you to stop in and generously share. Sincerely, rossky
Thank you for your answer, i do respect everything you have pointed out. I do know what i have to do, i have known for a while now not to expect anything given to me on a platter. It must be an awesome feeling being finaly able to succeed in the market in a consistent way, though i'll be trying my hardest to beat you at this game, my hat's off to you.
Take heart. The answers are incredibly simple. Scooby dropped a big hint a few posts back, which probably went over the head of most, only because their minds aren't trained to consider the market in those terms. You have to understand the answer you're looking for could be reduced to one sentence. This thread is a 3-year long game of charades to describe a table or a chair, without using the word "table" or "chair". It's also an ego-trip, for some of those in the know. With that said, many posts in this thread are unnecessarily windy and vague, wrapped up as indispensable knowledge when they really add more confusion to the discovery process. On the one hand, for those in the know, the pontificating and misdirection protect the answers from being revealed whilst giving hints along the way. On the otherhand, they can misguide and confound outsiders with information overload, which is what you're suffering from. So in the spirit of this thread, my advice to you is this: look for the common thread in TO and TE posts. Not in regard to attitude or perspective, although those are essential. But in regard to advice on how to read the chart. How to view the chart. Focus on that. Also bear in mind, the smarter you are, the longer it takes. The answer is so simple, it's dumb. Arbitrary, but not. That's why most won't even consider it. It took me 5 years to figure it out. Just because it's simple, doesn't make it easy. Also, don't rely on people to give you the answer. Do your own work. Put in your own screentime. Try and figure it out yourself. Use that thing between your ears. Depending on your broker (haha) the answer is right infront of your face....you're just not seeing it. For many, it's simply a process of elimination, which can take years. Try everything you can think of. Don't discount anything. I had to reexamine the same idea, several times, before "getting it"... It's a spiral journey, but the answer truly exists. How bad do you want it?
now now A28..what was that about ego there is plenty of money to go round for those who are willing..and able..to help themselves some very good posts have just been posted..and..i would recommend that all interested in advancing their trading read them until they fully understand the meaning of same here is something that is very true..no matter what is said by all there are many many ways to take money out of the market..but..the best way is the way that actually works for you..so..if you are not making money it does not mean that it is not one of the ways that works..it just means..that way is not suited t you and your circumstances many traders think that when they start making money they have found a unique way that works..this is not correct..for reasons just stated so..as i LIKE daytrading US stocks best..that is what i am best at..but like many other traders i have also traded fx, commodities, stock options and index options..in fact..my biggest loser was trading index options..and it was the best lesson i ever learned about trading a good friend of mine..told me a long time ago..the following "u will never make good money trading until u have made and lost a large amount of money 3 times" of course i laughed at him as i had learned how to trade and make money i said in reply "u can either do it..or u can't..it is as simple as that" guess which one us was CORRECT btw..if u are looking in..happy trading
B93..there is ONE thing that matters above all else when learning how to trade..and that is..u must quickly learn to distinguish between those who know what they are talking about..and those who do not many spend years going round in circles..listening and following idiots and fools..those who speak of fibs and gann levels..pitchforks and other such mumbo jumbo..hell..some even bring the stars in the heavens into it if u are to buy ONE thing to put in your bedroom, kitchen, study, garage..wherever the fuk u trade..then make sure it is a big MIRROR every day before u start gambling..stand in front of the mirror..and say to the fool in front of u "now..u dumb ass trader..are u going to make some good money today..or fukin give it away" never be afraid to kick urself in the ass..for it will do u the world of good also..it is not YOUR money until u have it in the BANK we now have some posters that can help others if they ask the right questions..RN..SO and A28 hell, if we are not careful..TFF will be no more funny thing is..u all know as much about trading as the rest of us..u just haven't sorted out the head bit yet 99.99% REMEMBER
well done MK Lost Opportunity lost opportunity is the biggest enemy to a daytrader..and boy have i missed some great trades if u are smart enough..and clever enough..the sky is the limit go back and look at the % risk per trade and how it determines how many shares u will buy/sell for each trade now..just think if u can perfect that so u are always risking a small amount of money when u start..so if wrong..SO WHAT..it is only buttons but..enter perfection now..if u can perfect ur trading so that ALL of ur losers are small..and ur winners are big multiples of ur losers..then..u are..what can be called..on the pig's back never ever think u know it all..for..u really have to know very lttle..so why even bother! question is..therefore how do i perfect my trading to give me that required ratio? i think TE covered this before..in one of his silly pdf's with a password..i will contact him and see if he still has it
Greetings, Achilles. Nice to meet you. Thank you for your post - so encouraging! Man, I want it bad! I see the market now everywhere I go! In 2004 I was introduced to it and fell in love with it right on the spot. Only three years ago I settled on the idea of trading (coincidentally when this thread started). The elimination process is exactly what I've been through all these years. Some days I feel like I got it, some days I'm not that confident at all. Hardly smart, an average guy with above average amount of stuff on my mind. If I were smart I would be able to test the so many ideas floating around. For example, I read in the book that a candle bar in a certain situation is a setup in both directions. Wow, I thought, that's wonderful! What if, when the probability of an extended move is high, I go both long and short, simultaneously. Then, with the profit target 1/3 I'm good, always. It's kinda hard to talk to a book sometimes and that's the reason I'm here. Thank God there are good people, who I consider friends, that provide so much needed guidance for me! I'm an optimist and hope I will also get it soon. Thank you for your support, Achilles. Cheers, rossky