fuk.. i am mad tonite..the shitheads have got me going daytrading only.. a..volume is shyte..unless u can see it b..size can matter..but only if it matters c..lines are there..but are also elsewhere there is nothing more TFF would like to see than the ordinary man in the street making a go of trading..but the odds are highly stacked against him..and..is it no wonder when u see all the shyte that people write about trading..nothing short of total bullshit..fuk..how can people be so fukin stupid..no one gives a shyte what u write..for it does not matter one little bit..not one little fukin teeny weeny bit..and why..easy to understand why..when..u know that trading is gambling..a game of odds..and like any good gambler..unless u know how to put the odds in ur favour..then u will more than likely join the fuking idiots who write everything about nothing..what the fuk read this fukin thing..and if u do not understand it..then get off ur lazy fat arse and look for a summary..which is easy to find in this world of technology..and know this..somethings never ever change..and the reason is simple..cause there will always be the few that are far smarter than the many..so..your goal should be..not to become one of the few..but..do not become one of the many http://oregonstate.edu/instruct/phl302/texts/montaigne/montaigne-essays-1.html#II. OF THE EDUCATION OF CHILDREN. To return to my subject, there is nothing like alluring the appetite and affections; otherwise you make nothing but so many asses laden with books; by dint of the lash, you give them their pocketful learning to keep; whereas, to do well, you should not only lodge it with them, but make them espouse it. guess which one we are interested in below es·pouse    [ih-spouz, ih-spous] Show IPA verb (used with object), es·poused, es·pous·ing. 1. to make one's own; adopt or embrace, as a cause. 2. to marry. 3. to give (a woman) in marriage.
Hi TO, 1) Can you giv ean example how to see the odds and use the odds? 2) I would like to trade US stocks but I do not have enough $$(Pattern Trader Rule) to day trade. If i swing trade stocks, wouldn't the risk be the same as daytrading futures? 3) If I do US stocks, how I am going to choose which one to trade? There aree so many of them? 4) I have only US$10,000 of capital and I (not just hoping) but want to make a living out of it probably by next year or so...for the next 20-30years. 5) I do not have any method but I have been practising with a live chart screen(S&P500). I draw 2 lines.....If it move above the top line, I will buy and below I will sell...take profit after 2 points. I want to design my own method that I bring in only 2-3 fishes daily to feed my family consistently. 6)Correctly me if I am wrong, I think only futures has enough volatility for day-trade. 7) I do not like to read news and follow any events but I really enjoying looking at a live chart...Can I ignore all news 8) Lastly, can I make a living trading 1st 90min of the market? Thank you very much....
Hi Poland, All of your questions have been answered before in this thread. There are other related threads that you will discover which will probably go into some of your points a little deeper. US retail traders seemed to have the odds stacked far heavier against them than other parts of the world. I wish you well. cheers Bogan22
hi PL..B22 is correct..but as you asked then i will give u my opinion..however..always remember to take advice from no one..as it is very easy to make a wrong decision..and..as everyone is different..the only person to make the best decisions for u..is urself!
PL..look at this chart when the US markets opened on Friday..if u had bought in at the 1 min engulfment 1325.25..and 2 pt stop..then u would have been taken out with the next 2 bars..which is just 2/3 min..as mentioned..the ES can move 4-8 ticks very quickly..and u need to be an expert..or The Expert ..to time entries on ES for nice moves..next time watch the T&S and u will see that there is a lot of scalping going on..which is why u can get taken out very quickly if u are not paying attention to what u are doing:eek: what else do u notice about this chart..what STANDS out..remember..think before u post TO
Dear TO, Thank you for the reply. I really appreciate your pointers. I will take sometime to digest it and I will come back with a few more questions if you don't mind.....I just need someone to point me in the right direction and I think I will make it. Greatly appreciated your sharing all these while.
Dear TO, a quick one before I head for work. The price will stay in one level for around 25min then more up/down to the next level for another 10min....then again hangs in the same zone/level.....my guess the next move will be up (if price hit 1325)... But if price move down to 1323, I will short.
PL..it is wise to look at the bigger picture so that u do not get sucked in..and it also depends on whether u are scalping for a few ticks..or daytrading for several points..either way..it is always best for u when the odds are in ur favour..so that is what u must learn..and always remember that..Time=Money don't work too hard..and try and concentrate on what u need to do..not what u want to do TO