Search results

Just out of curiosity, what are the benefits of being in an office with other traders rather than people trading remotely? A lot of people, especially traders, are introverts and do better in secluded environments. May be other aspects of their personality that wouldn't jibe well in an office...

https://ibb.co/QYVHCtK

There are plenty of successful people who trade solely based on technical analysis as well. It goes both ways.

Who said anything about studying chart patterns? Whereas patterns might set off flags when i see them i trade based on price action while incorporating patterns and support/ resistance as secondary strategy as I trade.

I barely knew what a stock was 5 years ago. I've got 1 year of regular daytrading. But even aside from me there are plenty of people who trade based solely on TA. On top of that, what do you think the Quants that write the algos base their signals on? Seasonal trends and fundamentals? Whereas...

Ha, that's a colorized photo of Bugsy Seigel

Ever heard of backtesting, success rate, risk/ reward ratio?

I know Technical Analysis works because I use it when I daytrade ES futures on a daily basis, as do many others here. Just because you cant doesn't make it stupid.

Pretty much.

Awesome argument for your perspective after all of the people who have given their analysis and input to the contrary.

I trade in my boxers watching tv or even on the go via mobile.

I'd advise not paper trading. Rather, buy a single share of a stock. I dont care if its 10 bucks. If you have no skin in the game and just paper trade with nothing risked you will trade completely different.

https://ibb.co/Yhqn01R

This is exactly what hes doing as he has all but hinted it. He feels a certain outcome is supposed to happen because it did it on another similar setup and he trades that outcome as a given, rather than a probability. A head and shoulders has to break to the downside because that's how the...

Once again, you're trying to attach certainties to probabilities. There is no set outcome to a breakout or a reversal. You're putting too much energy into irrelevant data. No, you don't need to know WHY it did a move this time and not another time. It did it because the current fundamentals to...

Because you're seeing a pattern as being a given for a certain outcome rather than a probability. There could be a setup that, statistically speaking, has an 80% probability of success and then fails 10 out of the next 10 times. What you need to understand is that as long as you are...

Nope, because even if it's good news the market could still sell off. The market may have already priced that information in and after the news drops it sells off as other traders pile in thinking it's about to go higher. As these algos sell off and the bulls see theyve fucked themselves then...

As d08 said news, such as reports that drop on daily economic calendar, is all traded via hedge fund algos. You're likely to get whipsawed 10 times in 5 minutes. Add to that you have no idea how the market is going to ultimately react once the music has finally died down. For all you know an...

Well since you're telling us how awesome you are, and you're from the internet, then it must be true. You even have your one post worth of credibility to lean on. You have zero trade history to share with anyone who took you up on the offer, just your word, which is worth nothing. There's...

Deaddog said it. There are "pros" on both sides of the aisle that are constantly making market assessments, both bullish and bearish. So when the market ranks the media immediately finds the first analyst they can grab to explain why such and such just happened in the market. They are guesses...