You are 100% Certain to lose 99% of the time 1/2 the time.

Discussion in 'Professional Trading' started by TradingLogic, Apr 16, 2015.

  1. dbphoenix

    dbphoenix

    That's not what I'm saying at all. It has nothing to do with "intuition", nor is it limited to "entry points".

    If you can draw a straight line . . .
     
    #21     Apr 18, 2015
  2. could you provide me a link to something that explains in more detail what you are talking about? I am interested. Thank you.
     
    #22     Apr 18, 2015
  3. dbphoenix

    dbphoenix

    Be careful what you ask for.

    The "bible" of trading price is Richard Wyckoff's course. But that's over 400pp long. I wrote a distillation of it which is a tenth the length, but that may not be enough detail for you. In any case, I doubt that it would be of much help to you if you're still trading options, though it would of course apply to the underlying.

    Much has been written about trading price since then, and I do mean much. But it's all derived from Wyckoff's work, so there's little point in going through all that and paying what can become substantial money when W's work is free. You can read what modern-day traders like Linda Raschke have to say about trading price, but they'll just refer you back to Wyckoff, so why not start there and save the time?
     
    #23     Apr 18, 2015
  4. Turveyd

    Turveyd

    On the basis i have historically made good money trading before, stocks swing, options swing, fx and dax intraday, its definately possible.

    Only thing that really changes is volatility IMHO, it dropped to low for me the last time, couldnt make enough of the profits to cover the losses and costs in short, then confidence goes to shit and game over.

    Taking a break while life calms down at the moment, nearly time to start playing the game again.

    Volatility doesnt go, it merely goes to a different market, go with it!
     
    #24     Apr 19, 2015
  5. After looking at the link, you are right, I should have been more careful about what I asked for.
     
    #25     Apr 19, 2015
  6. dbphoenix

    dbphoenix

    :) At least it's free.
     
    #26     Apr 19, 2015
  7. true :)
     
    #27     Apr 19, 2015