In real life where would you have put your sell stop orders on those 2 trades (if even using stop orders)? The 2nd trade pulled back quite a bit.
There are a lot of threads like this one by: The General NYSEStocks The Expert The Oracle Socrates Elite34S That's just on this site. Then there are a bunch of similar threads by similar people on other trading sites. This has gone on for a few years now. I searched google & see there are a bunch of companies which offer services to start threads & post on forums to generate business. Is everyone here being duped by some paid forum posters sitting in their mom's basements somewhere, or is this legitimate? Why would someone spend so much time posting all of this stuff for people he doesn't even know? It's hard to imagine a successful millionaire trader sitting at home posting on EliteTrader.com. I'm not sure if I should keep trying to learn from all of this, or if I should feel like a complete idiot. Let me know. Thanks.
Paid Posters: Are You Talking to One of Them? What You Need to Know About Paid Posting" Jennifer Foote, Yahoo! Contributor Network Dec 11, 2006 So, a few people get paid to post online, what is the big deal?" If that is what you are saying, you are definitely not alone. Many individuals believe that paid to post forum posters aren't causing any harm. While this is true in most cases, it depends. What type of message forum do you frequently visit? Are you seeking relationship advice, looking for career opportunities, or looking for advice on another serious issue? If so, it is important that you take the information you receive with a grain of salt. It is difficult, if not impossible, to determine whether or not you are receiving genuine information or information from an individual who is getting paid to post whatever they want or even a particular opinion. Since you typically cannot tell who you are speaking to on an online message board or forum, you are advised to proceed with caution."
Even better, being duped by the so called "experts" to divulge all your trading knowledge in an attempt to help newbies. A public forum is no place for sharing specifics, you might not think the knowledge you accumulated over the last 5 years is valuable, after all you're not consistently profitable yet right?
The top 4 names are all definitely the same person. Personally, I think the whole thread is a 'wind up'. A bit of fun. Pretty much every post, all we are being told by the 'expert' is: ''Do what is right to make GOOD money, for, if you don't, then you won't''! followed by a poem. That won't help anyone, despite what some would try to have you believe, lol. I'll probably get a little abuse from the OP, but there's no need. It's not an insult. Simply my opinion, which we are all entitled too.
Hi Jack, I am reading some of your old posts and I have some questions regarding the lissajous pattern ("Figure 8"). 1. I believe the lissajous pattern is for making entry/exit/reverse decisions, so it is useful for identifying FTT. Is it something you are still using, or is it superseded by something else? 2. If I am using lissajous pattern (dP/dt for y axis, dV/dt for x axis) with 16 cells. i.e. 4 cells for the trading fractal, within each cell, 4 cells are created for the faster fractal. Is it the best I can do for getting trading fractal change signal? Assuming finer tools like DOM, STR/SQU, OTR are not used. I am still unable to get consistency in identifying FTT. Sometimes, I spot FTT too early, sometimes, I spot FTT too late. Any help or pointer is appreciated. Thanks and Regards PS Sorry for OT.