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Buy dips in an uptrend, sell on rallies in a downtrend. Is this all a day trader needs to know to succeed? Those $350 I made were simulator money, but looking back I think it was one of the best lessons in trading for me.

Hmm...perhaps I should have clarified. By noobs I meant those who trade for the first time ever, or second, or third. :D But experiences differ for everyone so I can't really attribute mine to everyone else. Just thought it'd make for a good discussion of how we tend to focus too much on...

That's what I've been trying to get at, I guess. IMHO, as traders get more "edukated", they start fucking their trades up. Whereas before they simple looked, observed and "felt" the direction of the price momentum from the ticker/spread/chart, now that they are introduced to all kinds of...

Why does this monkey not even make an effort to conceal that he is the same person who started that other thread named "obvious not so obvious"? Why change your nick, monkey? It's as obvious as day that you don't know jack shit more about trading than any parasitic troll here. Feel...

1. This isn't news. 2. It doesn't shed light on psychology of trading.

Me too. This quote gave him away:

Yes, Gann has reincarnated himself, didn't you know? Wow, you're so far behind the times. On a serious note, let me tell you my honest opinion about it, as someone who had done an in-depth research into Gann and astrology - crap! Gann made money marketing and selling his products, whether...

charle, sorry if this has been answered before, but did you ever consider non-time based charts? Like tick charts, range charts? What do you think of them? Great trading!

I second that. They provide the schedule and the releases for nearly every FX pair countries if I'm not mistaken.

Look my man, MBA and all, you've asked whether there are firms that offer positions for swing traders and several people politely answered you with very informative and worthy posts! You keep on badmouthing ET and the members here and claiming that everyone has a chip on their shoulder, and...

Where? I saw only one or two.

Hahaha, seriously, right? Even before I worked at that prop, I was interviewing at another prop and they had a demo day for applicants where each of us was placed on a sim. I'm not shitting you when I tell you that I did not even know what a candlestick chart looked like at that time. I...

Not only that, but how is giving the govt the power to print money safer than giving it to a central bank? The only safe and ideal situation would be a direct democracy where an educated citizenry directly votes on issues such as these.

It seems, at least to me, like it's a commonly accepted wisdom that the first few trades a rookie trader makes are profitable, and form then on they go downhill. That got me curious. I remember a year ago when I first traded at a prop, my first day I was in the positive more than on any of...

Look, the OP has made it clear that what he was talking about is, or at least should be, obvious. Regarding the *strange people* he met that fundamentally shifted his trading paradigm, I can say only either of two things. If they were the type that is into astrology, *occult* methods, and...

Stating the problem is not enough, you must also come up with a solution. Do you have one? In an ideal nation, there would be an educated citizenry that would have a direct vote on whether to print more money. Not happening any time soon.

I don't care what Gann used, but I do know that if rumors about Gann's predictive abilities were true, and THAT'S A BIG IF, then anyone who figures out his method WILL NOT be selling a course or a book revealing it. I spent thousands of $$$ on all this esoteric bullshit with no results...

To be honest, I was in your shoes one year ago, and just like you, after a not so positive experience with the prop, I thought I could get a job at another prop that offers a salary and actual training. Getting in those firms wasn't a realistic option for me as I was a 19 year old former...

Here's a better one. Slightly different, but better, in the beginning where he opens his eyes. I couldn't edit the thread. If a mod can replace them, please do. Thanks! Uploaded with ImageShack.us

If you can't trade your own money, what makes you think you can trade others'? Save yourself time and money and open your own account. You can swing trade, or trade on any time frame for that matter, on your own account, too. Read a good book or two, spend time on simulator for a week or...