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Correct. Show me a profitable method that uses indicators and I will withdraw my claim. An actual profitable method, not some vague, ambiguous bullshit method that is like "oh look, here it works, but there it didn't work, but (in hindsight) I didn't take that second trade because of blah blah...

Like I said before, I think you've got good motivation, but you have a bad attitude and you're still caught up in delusional guru beliefs. You're paying for fibonacci (hocus pocus) lessons from a guru yet you're still not trading profitably, but you believe that if you study the vagueness and...

Yes. You're presenting info as if it is fact. That's mature. I bet you'll win a lot of friends and influence people with that attitude. That might be, but I've never seen a book that contained any profitable systems. Books also show how to use MACD and other worthless indicators...

No one says that. That sounds like the ambiguous feelgood statements that gurus say with a smile when you're losing your money with their system that doesn't work. I feel like you're so close to seeing the light about learning how to trade, otherwise I wouldn't even bother replying to your...

konviction, no one is throwing "sh-t." You're adopting a teaching frame as if you have advice to give. By your own admission, you are not a profitable trader. Feel free to share ideas as ideas, but not as concrete fact, especially when they don't work for you. And there are no steaming...

You are not a profitable trader. Why are you giving advice as if you are? That is one of the things that is wrong with the trading world. It's like the threads where some noob is all "look at how I trade with [insert some indicator that doesn't work]." Why would he be giving advice? For...

I'm not mad at fibs because there's "no clear way to trade them." I'm mad at "fib gurus" because they're bullshit artists who say things in hindsight. I know how to trade with "fibs." There's no ambiguity and no after-the-fact bullshit "oh lol look price reversed here it's magic." Fibs are...

I feel like you haven't actually read any of my posts. Unless you're agreeing with me, then carry on. If you read my posts, you'll see I think fibs are nonsense and have no magical power, but that's all been explained numerous times.

Decide how much money you want to make per day. Say $200. That's like $50k per year. Better than an entry level office job. Your number of shares are based on how much profit you're going to hold each one for. If you buy 100k shares and sell them for a 1 cent profit, that's $1,000...

I'm just wondering, for those of you who are paying money for instruction from a fib guru, how did you guys do this week?

I made $4,178.30 for the week (although technically now my account is over $50k, but I'm still using only 9 ES contracts worth of margin so that's like under $10k or so depending on which broker you use). That's an average daily profit of $835.66. Week stats: 6 winning trades: average...

3-19 PnL. Big profit for the day, and it was a trendy day. Someone in the "average profit for a $50k account" thread said I wouldn't do well in trendy environments This system excels in trendy environments (assuming the pullback is far enough to hit the first entry point). $2,329.20 for...

Second trade, same notation. This trade took forever to close. I thought I was going to have to close it early because I didn't think it would end before the market closed.

First trade. Red circles = sells, green circle = cover.

Can you tell me what day that happened on cuz even looking at historical data I don't see it. You also didn't answer my question to you of "well then how big should my account be to trade with this strategy?" Lemme know if you need any more info from me.

i didn't know that. Thanks!

Did you make that pic by hand or do you have some program that automatically pulls all the stock charts and displays them like that?

Did you notice you got a bunch of replies but no one really addressed your question? Get used to that if you stay on this forum. The 2% of your account thing means total loss to your account size per trade. So if your account size is $20,000, like in your example, whatever position size...

Short high one, buy the low one. Isn't that "pairs trading"?

I exited at 1165.75 because the market closes in 2 minutes. This makes my loss for that trade just under $600 which is better than if I had taken a full loss, and leaves me net positive for the day. Slow end of the day. Even though neither my target profit nor my stop loss were hit, I...