You need to know how much money you have. Then decide what % you want to risk on each trade & be sure to make it a very small percentage. Then you won't panic so much when things go red, & maybe if you're patient things will turn around & go green.
very well said MK it is not an easy game to play..too much shyte..and too many experts..not including "The Expert" of course it is funny how things keep repeating..over and over..take these trading sites for instance..if you go to a home page..and just look at all the crap topics that people are posting about..is it no wonder so many find it so hard to advance quickly! it takes a while to really think differently to most..and it is only when u really start doing that u will start to see how fukin silly it all is..pure and utter shyte money..yes..of course u need money to make money..and if u do not have enuf..then u will find it hard..so..if u find urself in that position..u must start very very small..and be prepared for the long and tedious road..but..the quicker u start to think differently to most..the quicker u will start to make money..and once u master the art of trading..well..need i say any more i am not allowed post any more charts for now..as i want to stay in sesame street..but as we done an example trade..and TO mentioned that he also opened some more trades..i will show u 2 of the trades opened at very low risk that seem to have paid off nicely now..as a simple exercise..can anyone work out what the fuk TO is talking about here
holy shyte ZT..are u trying to put people off the only thing TO knows..is that he knows nothing i was thinking after replying to ur last post that u will probably come back with with "not betting the farm" bit..hell..i must stop looking at the matrixes..too many predictions coming true u are of course correct..depending on what market u are trading..and how serious u are about it..as in money serious let us not frighten people before they even start..for..i would imagine if someone could make around $500 per day..on average over a month..then they would be quite happy with that..and..it does not take a lot of maths to work out what $ u need to have..and how many trades u need to do per day..to make such a return..once the target is being met..then other types of trading can be looked at to use profits to make more money..but..always controlling the risk on each and every trade..of course TO u will like this one also ZT..TO only reads about those that really matter
who is this camron dude?..can u post a link to one of his posts and TO will tell u after reading a few short lines if this fellow knows anything about trading again..one needs to be able to differentiate very quickly as to who knows what they are talking about..and who does not..so yes..ML is 100% correct..avoid time wasting shyte at all costs..for it is ur time that u are wasting..and..as we now know.. T=$ TO
Hi MK, To be honest, I can't remember the reference to Camoron but do remember an extensive discussion on the drunk from downunder, which is what I assumed you are referring to: http://www.scribd.com/doc/7122490/Bryce-Gilmore-Dynamic-Time-and-Price-Analysis-of-Market-Trends page 45 on scribid or 6-1 is the only bit of info this guy has to offer. TE, was funny and verbose, the cranky old fart should chime in again. Volume. You are picking up different things to myself (fresh eyes I suppose), the lesson with volume that I took away is don't worry about it. There is one particular thread on that forum in which TE extensively discusses what to look for in a trading vehicle. This is what I believe NYSE meant when he posed the original question. Horses. I get a few PM's asking if I know the magic recipe that TFF bake thier cookies with, sorry I do not. I've never had any contact with any TFF members. But, its a very interesting thought experiment so keep following the threads and ideas will grow. Sometimes members of TFF seem to allude to deeper hidden structures, but I've found it beneficial to just ignore this stuff and concentrate on the simple stuff. There is no magic recipe. Some tidbits I've started playing with on a daily time frame in particular incorporating my perception of straight lines. KISS. Thus far seems quite enlightening and hidden in full view. I think TE got kicked off the board before the group started. MN was around in those days so he/she may have more info. cheers Bogan22
so this camron fellow is the author of the book..which i have heard of..but..which is mostly useless rubbish that u do not need..especially the gann stuff..for..remember..if u draw enuf lines on a chart then price will eventually hit them..just more of the same old rubbish rehashed..no big surprise..especially when selling of information is involved..remember again..NEVER give ur money to anyone else..for there is no need..at all..really enuf said..and yes..divergence is worth looking at between cash and ftrs..and between different ftrs contracts..but only at certain levels..and it should be obvious at what levels..right! never pay too much attention to too many details...for if u do..u might just find urself doing nothing..and that is no good at all..u will learn more from 10 bad trades than from 6 months of looking at screens..and doing nothing TO knows it is frustrating at times..for those who are trying to understand and move on..but..as has been explained..it is no good showing anyone anything..for to really learn..one must make it their own..and to do that..one must have a big interest in what they are doing..else..odds of failure can be high..remember again....liking what u are doing is half the battle..right TO
Aaah ok that explains the confusion. I was actually referring to a completely different person. I have glanced through Bryce Gillmore and nothing interested me (besides the divergence). This is what I am talking about - camron dot com dot au Two bits that stood out for me were the connectivity between overseas marktes (including how to utilize insider information) and the operation/purpose of different algos (iceberg, skyscrapper, sheepdog, termites). Maybe TO can analyze it better
MK, I'm with you now. Be sure to look at the archived site, as this was the one TE was referring to at that time. Because I'm downunder I found some interesting local facts out of this site, forgot all about it, I'll read it again. But looks as though it's Thanks for setting me straight. TO, Thanks for charts, still digesting, will be back with questions later. Cheers Bogan22