Explanation required! Actually, why don't you give us your expert opinion, then you can show everyone what it is you are talking about, or do you even know. Maye the OP might then consider to hire you J_S
Lol ok sure. You put up two charts, one with tails/opens/closes, and one without. And you claim there is something special about it. There is not. NOW, most people will listen to what you say blindly. They will look at your bullshit with awe. They will believe there is something special to see because they WANT to believe there is something to see. You already said it man. People take blind advice. The Obvious is an obvious sucker (no offense but seriously you need to be aware of it). Stop asking people on the internet for advice. NO ONE is going to tell you how to take money out of their pocket. You're only going to get trading advice from two kinds of people. 1) Morons who think they know something but don't. 2) Tricksters who are trying to get you and every other sucker to buy something from them at a higher price. This same bullshit has been going on for THOUSANDS of years, J_Smith knows why. PEOPLE DON'T CHANGE This whole post is one giant illusion. It's job is to con YOU DEAR READERS into thinking there is something special that can be attained to make a lot of money trading. But therein lies the true answer. If you want to make money trading, you have to con people into buying stuff from you for a higher price than what you bought it at (WHICH IS ILLEGAL, Google Jon Lebed). Oh you think some trend lines and an RSI will do the trick? Maybe if you contort them in a way to convince others some stock is heading up so you can sell them at a higher price (just think about that for a second). But if you are this type of scum, go f*** yourself. DON'T TRADER YOUR MONEY AWAY DON'T BUY INTO THIS BULLSHIT DON'T DO ANYTHING ILLEGAL, IF YOU DO YOU DESERVE TO GO TO JAIL
WW, I can honestly say that the OP will not even consider hiring you Firstly, read the post correctly! I asked anyone who wants to take part, to mark in one BL and SH, that is all. Secondly, you are correct about most out there, as fools and their money are easily parted, and again, you fail to read about the person who is posting, so how can you know what you are talking about - you are talking here, and you are not doing, remember! Thirdly, the chart I posted is the ES futures, which I am sorry to say I am unable to control Fourthly, you are confused. You come across as knowing very little about trading, so you are going to make a fool out of yourself by making silly statements like you just did. Those who actually trade, and have been doing for some time - I could mention a small few here, but I won't - know that it is possible to make money trading, but only providing you are fully aware of strict risk management and can take a loss without even thinking about it - this will allow you gain the required experiences, as with any trade or profession. Are you sure you like History, as you do not appear to have interpreted it correctly I sense you might have been duped by someone, and you are finding it hard to get over it. J_S
If ANYONE here thinks J_Smith is talking to the OP of this article, you are a fucking moron. J_Smith is pissed I'm calling him out on his bullshit. I shouldn't have to say this but I will anyway, DO NOT SEND HIM MONEY.
Oh.. Well in that case OP is talking to me too. Hey Red! I have a hot stock tip for you!! Send me a PM and I'll tell you what it is. But don't tell anyone ok, this one is a major money maker.
No, I used to be an obvious sucker. I lost a large 5-figure sum, and all I've got left to show for it is a shelf full of trading books gathering dust. I've learned my lesson. I'm ultra cautious now, and highly sceptical, but also keeping an open mind. At least this thread doesn't give the illusion that anyone, and everyone, can make money trading.
TO namesake, the reason you lost is very simple, in that you risked too much. WW hasn't a clue what he is talking about, and I would say he has also got stung, but at least you have the balls to admit it. We all got stung at one time, as very few can bypass that stage, but what matters is what you do after your loss. This is why overtrading is the biggest mistake most traders make, as you must keep playing the game in order to win. Short term trading removes the risk associated with holding for a period of time, and with today's volatile markets, you would want to have lots of money if you are in the buy and hold camp. FWIW, daytrading will be as simple, or as complicated as you make it. One way is to set targets based on average moves, that way you avoid the greed factor, and take profits regularly, which is what you need. J_S
Another way is to use options. I have just bought an ES option as the futures are down 41 points now, and my total outlay is $501.40. I can not lose anymore than this, and have week and half to try and make some money on it. If markets keep tumbling I might bale out for half loss, but I know my max risk, that is what is important. J_S