It can be a long, winding road. I've been there myself. I got it, I got it, I don't got it... hehe. How does the market behave when your strategies are profitable? And when they're not? Although this is not THE answer you're looking for, there is more than one way to skin a cat. The answer to that question can help you at least achieve profitability.
Some may prefer to... A. Add to winners as they progress. or B. Have small stop relative to target . Both A and B require knowledge of the right location to implement each of course. I love the Paul Tudor Jones "trader" doc where he says he is risking 10 cents to make a potential 8 dollars trading oil.
In the range bound market I perform better. When it has trending days with big moves in the morning I often have blank days or lose.
Rossky There are four discrete lessons for you in my post.... Youâre vulnerable â because you donât know⦠Youâre bitter â because youâre fighting it (you) You have no humility You are not taking on the responsibility of your actions ================================================================== Vulnerable â because you donât know Welcome to our world Do you think I often include in my posts â âI have no idea where price is goingâ â for the hell of it⦠or possibly just because I like to hear myself type Not knowing one second to the next â is our reality⦠it is our life Accept it⦠revel in itâ¦, then learn to thrive in it⦠OR... go do something else⦠Seriously =========================================================== Bitter â because youâre fighting it (you) As for fighting yourself â you will until you decide not to â and not one second before Trading is so damn easy itâs pathetic⦠Once we let go and get out of our own way What do you have to be bitter about really - that someone has not handed you the answers ================================================================== 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 You have no humility This is the most passive/ aggressive apology I have read in a while⦠Apologize for fucking up â period That SS found your comment offensive â is pretty obvious â and no need to restate it and make it sound as if he was in the wrong ===================================================================== You are not taking on the responsibility of your actions So youâre apologizing for the sake of others â really⦠These others youâre so magnanimous about â they going to share your losses⦠They going to share your profit.. your failures.. your successes Bullshit â take ownership⦠do what ever you do because it is the right thing to do⦠then move on Btw You are apologizing out one side of your mouth⦠and also trying to manipulate him into sharing out the other Gotta say its pretty transparent man... ======================================================================== Now it does sounds like Iâm all upset and possibly mad by the tone of my post doesnât it⦠Nope â just stating facts⦠reread your response â objectively âand youâll see what I am saying (and obviously I was wrong â there are five lessons in this post) The way you think - is the way you will act... and trade RN
That's a start. And a good one, if you can believe it. When is the market likely to be range-bound? When is it likely to be trendy? By when, I mean what general, prevailing market conditions occur when it's range-bound? Or trendy?
News from I have been able to tell triggers the larger trend days. I have been searching for specific price structure to see if there any common day that trends. I found the day after a channel break seems to make a good trending move.
Range bound: wide swings in both directions, it's easier to pick up a top/bottom of the swing. When the range is very narrow I sit and very often mis a tradable move that comes after the break out. Trending: Starts often with a gap and goes fast. One Legged pullbacks are common, but I cannot ever tell if a day is going to be like this and often attempt to do something at the end of the day or go blank.
Here's another question..... Would knowing beforehand whether a day is likely to be rangy or trendy, help your trading?