That's fine. But their strategies are not the same as mine. I said I trade price action and use technical analysis. That encompasses an endless possibility of strategies. If they are losing, then they are either lacking an edge, or lacking in the psychological component. It is just that simple. Like I said, I am NOT here to try to boast my results, or discuss other people's failures. That is not the objective of this thread.
I am not disputing your results. You are obviously very successful. However, that trade where you lost 50% of your capital, was gambling. There was no edge, and if this is the same method you applied to other trades (50/50 probability), then your success was due to luck. Like I said though, I am not here to discuss this.
OK, and I'm not trying to be a smart alec, but as an Australian you really should know that. Sign up for a remedial high school history class or be sure to take one or more in college. Or watch Tora! Tora! Tora! - they're still showing it on late night TV here. This is the kind of knowledge you might think you'll never use, but the absence of it might embarrass you and prevent you from moving ahead in a future social or business situation.
No, not at all. I do agree, this kind of stuff could definitely be very useful in social interactions. Thanks again.
BS, no you can't. You don't use any fundamentals or news and have no idea what is going on, yet you can go to any timeframe and pick the odds of direction? Sounds like 100% gambling to me kid. You just can't expect an 18yo high school dropout to take good advice... they have to learn the hard way. Go to school or pickup a trade/skill... Trade on the side and see if you can work something out eventually but don't count on it. What are you going to do with a Finance degree and no edge? Ghostwrite for yahoo finance and throw your BS around on ET in your spare time? Parenting is so important... or they turn out like this. Anyone backing this kid up for his "hard work" which you're taking at face value from a high school dropout should be ashamed of themselves.
I do not pretend to know anything about your trading strategy, so don't pretend you know anything about mine either. I originally asked for advice, and many people generously gave it. But it seems like now all there is are jealous, bitter old men, who are mad at the possibility of an 18 year old who is better at trading than them. And a high school drop out, nonetheless. End of the day, when all is said and done, I still have my results, and you still have yours. I am happy with mine, and you are obviously not with yours. Nothing you say can change your results or mine.