Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. achilles28

    achilles28

    Coin flip entries with tight stops is inferior trading, and most likely, a net loser after spread, commissions and slippage are factored in. By all means, prove me wrong and post live calls. Or is this another paper fantasy that's never been traded with real money? I already gave away some handouts a few pages back. Far more than your god has done. As far as the chart TO posted, its the same as the other one with horizontals drawn on it. Ask your god to post live calls. He talks a lot of shit, and even with that horizontal strat, there's losses.
     
    #2841     Jun 19, 2012
  2. Mysteron

    Mysteron

    Which post is suggesting that coin flip entries are to be used?
     
    #2842     Jun 19, 2012
  3. where do I collect my prize??? :D
     
    #2843     Jun 19, 2012
  4. achilles28

    achilles28

    Trading isn't gambling. Gambling infers random outcomes. Trading is more like card counting, if you know what you're doing.
     
    #2844     Jun 19, 2012
  5. Stopped out @ 54.6

    Wanted to short @55.5 but waiting to see as I want to take baby steps.

    Looks like it will drop (55.2 -> 53.8 -> 53.6) - or maybe not :D

    Risked 0.25 and ended up making 0.5.

    Learning...
     
    #2845     Jun 19, 2012
  6. Each of your sentence is a contradiction to the previous one.
    Go figure :D
     
    #2846     Jun 19, 2012
  7. Mysteron

    Mysteron

    If you believe that trading isn't gambling then you are deceiving yourself and I don't wish to waste time trying to convince you otherwise :(
     
    #2847     Jun 19, 2012
  8. well ML..nice to see you mentioned the SP 500 index..it is worth charting as well as the ES:)

    firstly..we need to tell the shit head to get lost..as he is beginning to be a bit of a bore..so..A28..fuk off somewhere else and stop trying to annoy people here..if u keep it up a request will be put in to have you banned from this site for being a shithead..this is your one and only warning..OK:D

    now..some things for pondering on

    1..the most important chart is the one you are trading off..and we will ignore swing trading for this discussion and just stick to daytrading..past S&R levels are POTENTIAL areas that price may react to..for OBVIOUS reasons :D..but far more important is what your current trading chart is actually doing

    2..this chart will more than likely be a 5 min, 1 min or tick..of course you can have any type of chart and time selection you desire..but unless it is easy to see and react to changes in price..then it is just time wasting..which can happen very easily due to the endless load of rubbish that is written about trading

    again..OBVIOUS..the lower the time frame..the more ups and downs you will have to decipher:)

    we will post a 5 min chart of the ES

    3..the more things you look at..the more confused you will be..and if you are not reacting fast enough..then change your setup immediately..until you are able to react fast enough to what is happening

    4..now..the MOST IMPORTANT one..and..before i type it..let's see who comes up with it first:)

    hint..hint:D

    5 words

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    _ _
    _ _ _ _ _ _
    _ _
    _ _ _ _

    we might need to call RN..for he likes these types of posts:)

    TO
     
    #2848     Jun 19, 2012

  9. balls of steel :D

    [​IMG]
     
    #2849     Jun 19, 2012
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    #2850     Jun 19, 2012