Recent content by Ego

I agree. But it’s only through watching others that I see where my errors in mindset were. Following Brooks is a long way to get there, but already I see some key errors I was making due to fear of loss, mostly. Stops were being placed too close, and I was waiting too long for pullbacks. I was...

S Thanks for the effort, sorry I cost you some profits!

Interesting. What was your stop(s), if you don’t mind me asking? Because it seems risky adding to trades as they go against you (lower probability of going your way), but what do I know?

Ok, I have identified a key problem with my viewing of the markets. I am a contrarian by nature (or rather, by nurture, I suppose). When I see the crowd going one way for an extended period of time, I think it’s wrong. This has to do with several key experiences in my early life which are not...

Possibilities that I can think of: - length of duration at right edge - slope of trend line compared to previous trends - bar body sizes in direction of trend - volume on upswings compared to volume of previous trends (messy due to natural fluctuations in trading day) - in direction of trend on...

Makes sense, the problem I have is every counter trend is really a trend of its own. So, like others have said, I need a way to determine strength of one trend relative to another, and THAT seems to be a very subjective thing to do. Too fast, too slow, all of these descriptions are relative and...

Thanks for taking the time to write all of this. I’m 10% through and already things are making more sense, re-reading your posts I can see that you and Brooks are in agreement on much.

Agreed, and as I said, I don’t believe one can truly avoid trading. Even in pursuing a career in science, I will be at the whim of market forces. If I choose to not participate, my fate will continue to be determined for me. Now, as to whether or not one needs to be concerned with the outcome of...

I have this problem... always trying to tweak the entry/exit parameters, it’s just my personality. I’m a troubleshooter by heart, and the great puzzle of the market gives me endless troubleshooting. Unfortunately, that means I’ve spent years spinning my wheels getting nowhere (in trading at least).

And Buffet is a hero for it, just like your father. If they had been wrong, they would not be held as examples to follow. So moral of the story is perhaps: 1. Take your best educated guess (few or many guesses, that’s another choice) 2. Win or lose, at least you chose. 3. Don’t fret over what...

Your father took a risk. A 100 year trend is a sure thing until it is not. History has shown that there are periods of massive capital destruction, but they tend to skip a generation or two because their severity must have time to escape the collective memory in order for their supportive...

Agreed, much room for error. It’s all probabilities but so is mechanical trading. And mechanical edges are subjective to recently bias and so I’m thinking it’s not possible to achieve pure objective trading. Nature of the game, nature of life itself. Though I wish it weren’t so, risk is...

Only one video in, but it’s much easier to follow. Thanks for this suggestion, I will spend a lot of time on this!

I started seeing it only after the trade was placed, but now I can see it before the trade and it’s making me hesitant and so once again I need to find a statistical edge. I need a hint in the right direction because otherwise it’s a coin flip and the commissions will eat me alive over time.

I’m in, will spend the holiday break digging through it all. It’s not so expensive, it’s like 2x my average loss and if it can help prevent just two of them it pays for itself.