Yes. All forms of financial pressure, i.e., having to making a living is detrimental to trading success. Obvious. Well, obvious too, I'd say. Well, that's one way to make sure you keep your money as you keep saying. However, depending on account size (which usually is small for a retail trader who wants to get rich from trading), extracting profits means that you're not able to scale up your stake and will forever stay grinding. Example: If I have a 100K account - I'd probably be happy to extract 100K from it when my initial capital is doubled. However, if I have a 10K account - I'd rather trade one extra contract as I hit 20K. And if you don't have any financial pressure (see above) - it's not like it's money you need anyhow.
i am not interested in a $100K account..or $50k..or $20k..or $10k..or even $5K !!!!!! i am only interested in risking a meager $2k..which is AMPLE for trading the MES the way i speak of.. as an uncle of mine who died used to say.. " if they get as much enjoyment out of spending it..as i do out of saving it..i will be happy" of course..when he died his money didn't go to where he wanted it to go..but that is another reality of life that people often ignore ! there is nothing like counting $10 or $20, or some more if you have time..for reminding yourself that you couldn't give a damn about what any other idiot is doing..as long as the idiots don't get their hands on my money..that is all that matters to me! oh..typo above..i left out the "k"
the time to go..is when it's slow for when too fast..you might be last before you click..do not be thick make sure you know..where money grow you see it's like..a water dike with many rock..to act as block but if you peep..over hill so steep the dike is calm..o what a charm so take the time..and wait for chime as rushing sound..knock you to ground if you keep get..your toe so wet then stop you fool..and use the tool
I am no poet, we all know it, but I'll take a stab, to see how goes it... There are times, when price is small, and there are times, when price grow tall. There are also times, when price craz-ey, and there are times, when price be pace-ey. When price be small, some times I see... A waterfall, where price do be. Rolling down, and not insane, but nice and smooth, and in control. Do the parts above, make any sense, or am I, just speaking dense? Tell the truth, for I am thick, only average IQ, won't take offense. Now wut te fook, is this chime, Obv-ee-ously, some relation to time. What is this, in the mix, is the chime... always same time? Or is it a range, that can change, is the time, always the same? My chime is broke, cant get to work, is the chime, a tweezer or fork?
M4-1 you show a box, could you draw it before price moved inside and outside it? as drawing it after the fact would provide no particular advantage, right? I am asking as in the former case I might look into it and try to see how you could have drawn the box ahead of time and try to reverse engineer what you might have done