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Experience (to be gained before you loose all your money, unfortunately for most traders, this does not happen) which may eventually lead to understanding the Milk and being able to place trades in low risk areas, IMHO

yes, that's true, but...if you do not control your risk you will never be consistently profitable and if my experience is as common as I think it is, most traders will loose a lot of money before they figure out that controlling risk is mandatory and is a pre-requisite.

Hi OT, yes I unfortunately agree, I have the theory very clear it is the practice that is taking some time to implement. But at least I now have a clear path to follow even if knowing the path and walking it is not the same...

IMHO I would say: absolute CONTROL of losing trades is a pre-requisite, until and unless this is achieved there is no chance to consistent profitability, however I also agree that this while necessary is not sufficient. once the pre-requisite is achieved, screen time, experience, understanding...

Hi BC, problem is that what must be done is not so obvious for the most...time is the key, no short cuts no holy grails, no miracle indicator etc. only time

TO, I would say that one Obvious is related to time and Trading but not the time on the chart... and so the Time = Money equation is solved (in one of its solutions, there are others possible ones as well) IMHO

Hi 030985, you sure that the MM are active when you think and not the opposite? if we assume that the MM are "controlling" price movement, we know the WHY, then WHEN and HOW are the questions than need answers. Bizzy bee can work in may different ways, but if you keep the question in your mind...

The Obvious secret: screen time, screen time as Time = Money. There is no short cut but only paths that lead the lazy (i.e. the one that does not do the work and expect to find a holy grail in books) to desperation...

Hi BJ, I hardly have winning trades when I am unfocused and I do not follow the plan, sometimes I do get a win but that is even worse as it reinforces bad behavior. I do however have loser trades even when I am focused and follow my plan, the difference is that are small losers as my plan do not...

Hi BJ, you took me too seriously... a) of course there will be some bad days, the point is that when focused and following the plan I make money consistently, main problem is when I trade on days when I should not. b) let's assume I make an average of 30points a day, I have 50K account so I...

Trade small until you are consistently profitable spend at least one year doing so and getting experience, then build a plan and keep trading small until you prove you can stick with it no matter what last but not least, keep your losers small, always! winners will come, with experience... IMHO

This is a very bad stock to trade, not enough volume. the first relatively big candle with small volume is just normal transactions, the second small candle with big volume is likely an institutional transaction happening at a fixed price. you see these happening all the time...

AJ, I am not so sure this is the case, most may think that that is their aim but as soon as you start thinking that consistency is unachievable you will stop looking for it and compromise for making some money now and then. I am confident that consistency is very achievable it may just take a...

BA, the point is that either you are consistent and in such case you will make as much money as you need, or you are not consistent, in which case you just won't be making money. I plan to be in the first category...

Neke, maybe you are right, maybe you are wrong... sure thing is that I will say with my GRANDIOSE illusions and work my ass off until I make GOOD money day in day out, until then I will just keep doing the work. I like trading, I like it a lot, but not enough to plan to earn less money per...

What a thread! I see a lot of confusion between investing and trading, between being barely positive trading and being sometime very positive and other times hid by draw-downs that kill the previous gains. If you know how to trade you have no draw-downs but instead very controlled and minimal...

Surf, of course you need to understand who is moving the price and to what aim, but I suspect the reason why 99% fails is because they keep looking for the holy grail or the ultimate edge and are too lazy or unfocused to actually do the work which is not studying book after book (a waste of time...

DB, I totally agree with you, making 100K and than losing 50K, even if the net is +50K, it is really bad trading and will inevitably lead to complete loss of capital. (unless the guy has a few saints on his side, hehehe)

Correction? Crash? who knows? but something is coming...soon...

P.S. to trad consistently with profit there is no substitute for many, many, many hours in front of the screen, once you start breating PA you will see what is happening here an now and start making good money. any attempt to short cut this will fail inevitably.