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Smart post. Knowing thoroughly the market you trade provides context for the changing prices you see on a chart. Context is more than just technical data (price and volume), although they are essential. A few examples of nontechnical context are seasonality, day of week, time of day...

“Price action” is a hackneyed term used by course sellers. “Bar-by-bar” is sometimes used in conjunction. Nonetheless, monitoring real-time price activity and having instant market access can be the basis of a trading edge. Think Livermore and bucket shops in the early 20th century.

A chart is just a neat tool for visualizing past and real-time prices. Being “good at price action and technical analysis” isn’t the same as being good at trading which is timely execution. There are numerous ways to time executions. Predicting the close of the next 5m bar is a poor way. Might...

To be a winner, you take the possibility of losing off the table completely. This means taking out your original capital when you have proved yourself trading the minimum and going forward with profits only. I think tripling your initial account trading the minimum is a reasonable point to...

Maybe you enjoy making a drama out of winning and losing money? You describe that you know how to make profits. You describe that you know how to give back the profits that you make. Is this self-awareness or self-delusion? Only you can know which. See trading as a game. Not everyone can win...

Enjoyed the read. Your escape from cubicle life had me chuckling. Seven years ain’t so long. It sounds like you spent the time going down the conventional path. If you’ve really abandoned that path (not an easy thing to do), you may actually be at a point where you can begin to learn. There...

I’ve been perusing this forum for over 20 years and this kind of thread pops up from time to time. It is an indication that the OP won’t be turning his trading around any time soon. It seems to me that if you are going to a good school and have a path to a job in the corporate world, that would...

SimpleMeLike, you have a unique style of expressing things. Reading your posts makes me smile. I hope your trading keeps improving and you reach your annual goal of a million dollars.

Your logic is infallible.

The vast majority of players are net losers. That definitely goes without saying. This is a zero sum game. There can’t be consistent winners without a lot of losers. I’ve noticed that losers learn to be waiters. Usually they wait for “set ups.” A pullback could be looked upon as a set up...

After seeing what happened after blaming the cat, you definitely don’t want to blame the wife. Unless you’re into that kind of lifestyle.

No claim was made on my end that private school is necessary. I don’t know what trap you are referring to. Good for you to have confidence in the public school system where you are. I wouldn’t know so I won’t comment about that. In any case, it’s good to have choices, including the choice to...

Helicopter. Fairly popular on the Big Island. I know what you’re saying. I couldn’t afford chess books let alone chess lessons when I was a kid in the 70s-80s. No doubt he has a privileged life. He’s a good kid, though.

I don’t see Canada being any better than the US for raising kids, unless you’re talking about playing hockey. Of course it takes money. Raising a kid is not cheap. A little more than $40K per year for private school here, K-12. Two more years and then the nephew is off to college. Looking at...

Husband, wife, two kids, in a major city, renting a home, on a single salary. Not sure what he is expecting. America in the 1950s maybe.

Your posts are a fun read. 30 minutes is too brief. Why not go the length of a movie at least? That would be 24-30 bars on the 5m bars. The low hanging fruit is not always found within the first six bars of the day. I concur with your comment about working hard and mental illness. This is not...

Gross up. O’ Leary ain’t fooling anyone. What a clown.

How about don’t commit fraud? That would be the obvious lesson. I guess integrity counts for nothing in this space as long as the money keeps flowing.

The greatest trader of all time is Jesus Christ. Anyone who can take a few loaves and fishes and feed thousands and have baskets full leftover is hands down the greatest. The dude was a freak. Ask a stupid question and you shall receive a stupid answer.

What point were you trying to make about deductible interest on an investment? Didn’t you suggest selling an investment to buy the car and then borrowing to buy the investment back to get a deduction? Personally I dislike debt. But I grew up in an era when interest on consumer debt was fully...