Search results

I asked NoDoji once what the turning point was for her. She said that she'd worked it out what to do but wasn't able to do it. Then one day she just sat down and did it. At the end of the day she said it felt good, so she kept doing it. She is a girl. We are guys. She knows what she feels...

I started as a trader believing that my statistical analysis would point me in the right direction. It would make knowing what to change and do obvious. I'd run my plan, generate data... course correct, and improve. But if for whatever reason I don't accept the risk... and actually do my...

You know, I've pealed the onion a layer or so on this one before. I was always irritated that my statistics were not remotely predictive of my future trades. I kind of knew that it was because I was not consistent. That is obvious. But I didn’t realize how much I was focused on the...

Exactly. Mark Douglas said to accept it... but beyond that to realize I love it! Love that it is solid and real. Amazing!

I’ve been trying to put this into words for a long time. It is that my statistics were all screwed up by the chasing and overtrading and losses… to the extent I could not get a real handle on what the risk actually was. My stats that said it was obvious things could work… but they didn’t work...

Every now and then I realize I’ve expanded into complexity. I observe that my statistics get all off then and become worthless, because the things I’m doing become so complex as to not be consistently repeatable. In fact, I was just looking at this issue for myself. One of my inspirations at...

Is the reverse true? Can you make the same statements just in reverse for "if price is rising?" The mentality going up seems a bit different than for going down. Is there some reason in the above logic for why drops tend to go fast, and rises slower?

Slightly related to your observation My sister is a special ed teacher. When I was talking about this thread to her, she said the first thought that came to her was that many of her students seem crazy to the average person. People in general don't want to be around them, or are at the least...

Thank you for your post. I started this thread after contemplating a post by Redneck: ...and then thinking about doing a routine in an environment where doing the same thing doesn't give you the same results every time. Not something most people are comfortable with. BUT then you mention...

LOL. Is it not true that many traders keep trading without a real plan or back tested edge -- and expect they will eventually succeed when it has failed day after day, year after year? I confess I did that for some time. On the other side of the issue, many teach that once you get your plan...

Isn’t ‘crazy’ doing the same thing over and over expecting different results… like, finally the results you want. Trading is doing the same thing over and over – and expecting different results than what you want – because you accept uncertainty. ............... Kernel of truth here...

Reminds me of those summer jobs or internships when in high school and college. When you are the new kid and someone is showing you the ropes. Sometimes what they were doing was way above my head, other times you were thinking "they get paid to do this?!" And then you become a trader, and for...

Glad you & Iron.M like it. She is a gift. "Flip lines" as opposed to just swing highs or lows. ...She just thinks good. Am I putting words in her mouth to say she defines a trend as just going from one flip line to the next? -- and then she only takes with trend entries. I observe some of...

When I started there was curiosity if I could do it, and I thought that if I lost money it would at least be interesting along the way – and I’d be in good company as most fail so it’s not that big a deal. Over time I came to the position perhaps 10 – 20% actually couldn’t do it… and that the...

ET Hall of fame threads: http://www.elitetrader.com/et/index.php?threads/the-price-action-journal.132170/ Simple concepts, back-testable. If it is not concrete enough, nothing will be until you get enough experience to appreciate the simplicity of what she is doing -- and what she is not...

I've been considering not posting more also. Those with that "prove it" mind set are never satisfied. They don't have the faintest grasp of people who have been professional teachers like NoDoji or DBPhoenix. I've taught professionally and there is just something about working with people and...

Construction is also a game of skill, and salesmanship, etc. Being successful certainly has to do with what you know, who you know, and how you behave. I was just making the point that inconsistency feels like gambling even if it technically isn't. Anytime there is a risk, inconsistency will...

When I was a child my father and grandfather owned a construction company. Commercial, residential, a church or two. They once went to Mexico and constructed a large copper mining facility. Sometimes though, there just wasn't any work. It was feast or famine. Trading can be like that...

Many traders here concluded that following others posts of calls, even good ones, didn't help them much. And it didn't help others to post calls once they became more experienced. Being in a chat room, etc., is helpful... to a degree. Speedo is right, you have to do it yourself. Getting some...

A friend was sitting on the freeway in stop and go traffic. Five cars behind them and all stopped dead still. Car hit the fifth one back going 85 mph. Could happen to any of us. The effects of the concussion and back pain have lingered across the years. In one of these conversations...