Search results

Hello Bone, Good question. In my opinion the reasons are: 1. Traders and humans are not built for structured day to day working. Picking a stop loss and profit target is alot of work, compared to "ok, let me just get in and see what happens, hopefully I make some money" 2. Traders and humans...

Hello Jdesey, I feel the same. The market only gets 1 to 2 hours of my effort, energy, time and predictions per day. I keep it very simple. If I can predict well during those 2 hours, I make money, if my predictions are wrong, I lose money. The rest of the 22 hours of the day, I go do other...

Hello easymon1, Thank you for sharing. I agree with spooz. I do not have a trading plan either or track records or any of that stuff. Yes the screen time is required to learn to take good guess.

Hello tiddlywinks, Yes , exactly, I am a Guess Day Trader or Take My Best Guess Day Trader indeed. I trade with no back tested proven edge. I just trade. Thanks

Hello tiddlywinks, What I mean is, use your trading experience (from starring at screen or study) to pick a fixed numerical stop loss and profit target and take your best guess on the entry for the next X,XXX to XXX,XXX trades and then measure the performance to see what happens.

Good Morning Handle123, I agree with you on that 3000 sample size. It looks like a daunting task to get 3000 sample/trades. But there is no way around it, it alot of sample and trades to see some consistency and what is working.

Good Morning Laissez Faire, Good write up and very good discussion. I can tell you been deep in the trenches trying to make this money scalping. I agree with everything you said because I scalp and I know the emotional, probability, statically, thought process needs to be profitable and the...

Hello Laissez Faire, What is the underline is the best statement I have read on ET forum in a long time. Especially the part in along time. Its about winning, not about big runners and big profits.

Well stated mikeriley,

Hello sjain, The best you can do is stare at the chart and give it your best guess on the trade outcome and hope you are right the next XXX to XXX,XXX thousands trades of your life.

Hello spooz, Very good statement.

Long and strong SP 500 index. Buy buy buy buy buy. Easy money to make

Long and Strong SP500 index. The easiest money I ever made in my life. Buy more.

RIP Mr.Tharp. My condolence to your family and kids.

Me too KCalhoun.

Hello mikeriley, For me, reading trading education books is not needed. There is too many to pick from. And how the heck can implement every trading book idea or strategy. LMFAO hahaha, I be 80 years old trying to test all that stuff. I honestly never felt the need to read a trading book. Yes...

Hello deaddog, How you doing buddy? In this trading, there is more than one way to skin a cat. The goal is to make money. Reading at trading book can help, I just chose to never read one. Too many to pick from to read and I have no time. I enjoy just starring at the chart and make fast...

Hello mikeriley, I never read a trading book as it felt it would be useless and waste of time. If reading a trading book was the key to making money, everybody would do it and make money. Why would someone write a book giving out their strategy on how to make money? I sure would NEVER in my...

Hello, I trade for about 5 minutes to 1 hour max per day to make some quick money before I head to work. I always play the following songs every day for now. Pooh Shiesty has to be played every trading day without question. I just added Foogiano to the list

Whats up Volpri, you already know my buddy. Scalping my black ass off and doubling up them contracts to get back to breakeven. wait for a juicy strong bar closing on its high/low and bet big contracts to get my money back. Just taking big risk. Some times I do let the trade run, sometimes I...