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Why does Russell's bounce coincide with weekly lows in February? You can say it's coincidental, yet something that happens often isn't coincidental. It's because this area is of interest to other market participants. I look for potential areas of confluence and the bigger the chart, the more...

Let me repeat my previous question, if price action could not predict market moves, then how could there be trends? Nobody canceled market forces of supply and demand. The main issue is risk management, two traders can be given a buy signal, yet one will end up with a winning trade whereas...

If you can't turn a profit trading a chart it shows your inability, not others. Nobody here says that chart based trading is a superior way of trading. Calm down ;)

For some reason you consider edge to not form part of risk management, whereas I include all aspects of trading within risk management. So when you call risk management bullshit, to me this is pure nonsense.

@bone I am aware of stop running, denying it is one thing, accepting it as part of 'doing business' is different. There isn't just big fish in the sea. Adapt and survive. You have to keep your eye on the ball, which for them isn't primarily making money running stops, but proper positioning for...

[ Isn't the floor no more? :) still happens anyway

Liked! I'm not the sharpest tool in a shed, nor do I claim to be. That's why I don't do scalping as I have no skills, knowledge and therefore interest in trading intraday noise. I go for major levels of support and resistance and trade these levels applying what I consider to be a solid risk...

Risk management includes so called edge.

Russell near historic support levels. You make the choice whether to go long or sell below, risk management takes care of the rest. BTW don't jump at presence of moving averages, I only have them for weekly charts.

I'll give you that one ;) but not all can quit or want to. If majority were to find an optimal way to trade then it won't last long.

I find that anti-chartists are a similar breed to ex-smokers, when they smoked you couldn't say anything against smoking, once they quit they become a total nuisance telling everyone off for smoking LOL

Come on Russell time to smash it!

Can you not devise an 'edge' by following a trend using risk management? Wow, Ok. Maybe choose a longer term then. KISS works absolutely fine position trading, for very short term holding times most likely you need more of an edge, I won't argue with that.

That's not true, even the common narrative that 95% of traders lose money is also not true, at least this isn't factual in 2021, about 70% of retail traders lose money consistently nowadays. So 25% have adapted by way of learning. Risk management or trade management, whatever you want to call...

He wasn't dead before :)

Bernie Madoff clearly didn't get the memo, neither did Bill Hwang.

Is today the day when Russell goes +4%? :)

If price action wasn't predictive then trend following wouldn't be possible. Counter this argument ;)

Nothing in life is perfect. Accept it & manage risk.