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I use the market profile to identify support and resistance levels

A company is more than their product. Nvidia is having high trusting factor. The management is excellent, their development is excellent, their whole structure is excellent. So even when a competitor would make exactly the same product, it could take years to become as trust worthy or excellent...

Exit determine if you make money or not. Not the entry... first logical target, second further away target, and third trailing stop exit combined with a tight stop has done more to the equity curve then any kind of entry that exists.

Wtf 8.5k???

Well, actually I do understand EW. And I see what you are doing, here. EW, fab ratio's, Gann and so on, are alle order to the universe kind of systems. People that like to be right are drawn in those kind of systems. It give a sense of prediction and order. This in combination with averaging...

I think I understand what you are doing now. So, if I understand correctly, you time your moment when to average down? That is a great. But we do not see a lot of those moments. For example, what do you do when the market is moving up? Do you have then missed opportunities because you are...

You are mistaken the part where your strategy works and where it doesn't. It is not because you are averaging down or catch the falling knife, where you make your money, it is in the part of the recovery you make it. And there are two if. One, will it recover so you will make the money and...

I´m a car nut. I like nice cars. I spend a lot of time with people that also like very nice cars. One of those friends has given me a comment once I never forget: Most people buy it for status. There is no difference between the "poor people" and the "people with status". If look at it from a...

People that are drawn to trading look at money in the first place. Winning is associated with making money, the opposite of losing money. So, in a duality you have then right and wrong. Where right gets associated with winning money and wrong gets associated with losing. The trader has to...

We are 100% delusional. The only thing that save us is the strict risk control and a skewed risk to reward ratio. All the rest is a 'false' sense of control.

The man outside with a bucket in the rain, will always catch more water then the man inside predicting the weather from a theoretical model.

I wish everyone succes, I really do. But it is not my experience that a person with a backtest get the results as a trader. I think many, many people get fooled trough backtest as if that would represent the reality how a system or trading method would behave in een real life environment

I wonder how many people do a backtest and then start trading with a positive outcome.

Why don´t you create or buy just other asset that make you an income? If that income succeed your active income, then quit your job.

Discipline is the highest level of self-love.

Sure, no problem...

The metrics of having a more than 5% win rate and a loss of 1 r against 30 r return are not the problem. The problem is the 2 ticks stop. Wider your stop, wider your target, wider your time frame and then you will have what you want.

Virtual Machine

The biggest trap for the trader is that it creates a prediction mindset and goes right against good trading habits like seeing what is happening in front of you and act on that.

We are in need of a real bear market, if we indulge our self in tactics that doesn't consider risk to rewards.