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@dbphoenix: In principle, there is nothing I would disagree with in what you have written (not just what is quoted above but that entire post). Nothing more to add. What new aspiring traders forget is that for efficient operation of markets there has to be contradicting opinions. Put 10 traders...

@k p: I don't know what @dbphoenix teaches. So, I cant speak for him. All I was trying to convey in my post was that there are too many "games" played by large positions that accurately determining 'supply' or 'demand' is almost impossible, in my opinion. You are correct in stating that a large...

I apologize for not being clear. What I meant to say was that I enter based on a level holding. If that level does not hold, then the premise for my trade is invalid. So, I try to enter as close to that level as possible. Believe me, if I can get a fill at the level I expect price to hold I...

I am either right or wrong .... so why risk more. There is always the next trade ;) Monoid.

I agree, I can't either. My stops are tight. The stop for my trade that I mentioned was 4-ticks (had I been a little more patient I could have managed a 2-tick stop). Can't imagine trading with a greater than 5-pt stop in ES. Hence my curiosity and my initial question. Will let you get back to...

Sorry I asked. All the best. Regards, Monoid.

Where was your stop on this particular trade? Just curious. I was long 92.00 and exited at 97.00, and from what I gather you must have endured thru the pullback to 90.00. So, just curious. Regards, Monoid.

Final Thoughts (1) I was surprised that OP did not also ask the question “How long does it take to learn to trade”, which to me is a logical extension to his original question. The length of time it takes for one to learn to trade depends on the criteria used by the trader to accept the...

@llIHeroic ’s answer to OP’s question “How people learn to trade” is, in my opinion, brilliant: Ask questions, and use ‘scientific method’ to answer them. There are two ways to learn to trade: (a) The ‘sane way’ — learn the ropes from a trader; or, (b) the ‘insane way’ — do it all on your own...

When you mean 'same goal' do you mean it is an early attempt at AI? If so, you are mistaken. "The predictors" were the first to apply ideas from their work in chaos theory (and genetic algorithms, although not the first here) to financial markets. In fact, the team of physicists (that made up...

In 1965, the Nobel Laureate and AI pioneer, Herbert A. Simon wrote: "machines will be capable, within twenty years, of doing any work a man can do." He was an advocate of "strong" AI (now called AGI). Has been about 50 years and counting .... Regards, Monoid.

Y: When I first started posting in this thread, I asked you if you had a well defined trading plan. I asked that question not in a whim but based on the results of your daily PnL you posted. You assured me that you did; and, given this is a journal on psychology, I did not challenge you. A...

@Ghost_of_Blotto: I assume that the people you referred to is me (for I was the only one who made a comment on @garachen 's thoughts on charts) :). I am not hung up on the chart point. I did not made a comment on @garachen 's thoughts on "edge" 'cos I consider it correct from an options...

@garachen: Thank you for elaborating and sharing your thoughts. With regard to Charts: Looks like the reasons you provide are problems with the people who use charts --- not with charts themselves. We would not blame a hammer if a person uses it to kill another. Would we? Regards, Monoid.

@garachen: How do you define the term convexity? Can you please elaborate? Just interested in your thoughts. Regards, Monoid.

YK: Your trading plan should answer these questions! :) Regards, Monoid.

To me, (1) a framework to view the market which in-turn helps make consistent, repeated decisions possible; and, (2) a mindset to follow the trading plan without regard to the outcome of any individual trade. Regards, Monoid.

J_S (if I may): Experience has taught me that the market gives a shit about what I think -- be it what should/will happen next, why somethings happen, or how the market works. I generally refrain from such discussions because I don't have anything useful to contribute ('cos I don't know how a...

@J_Smith: Thank you for the clarifications. I will let you and YK proceed with the discussion in this thread without any interference from me. All the best. Regards, Monoid.

@J_Smith, who is this "they" you are talking about? Are you suggesting that there is a group of people controlling the financial markets? Are you serious @J_Smith? or, are you pulling our legs here? I know a little bit about UK 'cos we had operations there. The 1960 Betting, Gaming, and...