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I didn't see that post - possibly I was wrong as well My apologies OP Redneck

March 25, 2009 Tried to be smart and went long - trade failed - lost money Turned stupid and went short - made money So the question - Do I want to be smart and broke, or stupid and profitable? NOTE: Every day the mkt goes down - I think of this thread - and laugh I...

Sir A countless multitude of traders/ investors has gone broke trying to predict the market – Please don’t join them At best you have a 50/50 shot of being correct - How lucky do you feel? Otherwise trade it - like a trader aside - I don't believe in luck - but that's just me...

This thread is quite humorous on a couple of levels Thank You

ATR = Average True Range / Average Trading Range Once you select a chart time frame to trade from - determine the ATR (price movement per time period) you should expect It won't be an exact science - but then neither is trading And possibly try using multiple time frames (example...

Sir, I humbly submit this as food for thought; please feel free to ignore any/ all if you feel it does not apply Intraday trading S&R 30 min S&R is more significant than 15 min 15 min S&R is more significant than 5 min 5 min S&R is more significant than 3 min 1 min S&R means...

Well Sir, IMHO I believe you’ve done quite nicely :) Take Care Redneck

If I need to explain it - then it wouldn’t make sense to you anyway So feel free to place me on ignore - PLEASE - Then I won't bother you any longer Redneck

Mr. Weinstein, My sincerest congratulations to you Sir Also glad you're felling better Take Care Redneck

Sir. What do you think a chart really is You also say the market is schizophrenic (ever hear common sense is not so common) 90% lose, 10% win - consistently I wonder if these are related in any way - Yes Sir - I just wonder Redneck

jack, if nothing else you crack me up... I really feel for the folks who’ve placed any credence in what you tout And I don't blame them - they're just searching for something to grasp at - and you know just enough to sound pseudo credible - to the uneducated / non-trader - of course...

Very good statement here, only thing I suggest is - drop the not and the maybe - Sir :) Redneck

OP Given your question, and the below two facts - how can any "so called edge” not go away / become obsolete / eventually fail Facts The market is continually evolving (changing if you will) Every moment in the market is unique However find a true edge – now you really...

IMHO & FWIW Yes Sir I'm sure some do However You should also know There are more ways to trade successfully than anyone can count There is no right way or wrong way to trade – there are only profitable ways and non-profitable ways – to trade Trading successfully can...

Sir, Contrary to popular opinion – one’s P/L is the absolute best trading indicator there is – follow it ardently for it will lead you to success... And eliminate all others as they are worthless - IMHO Sir Redneck

LOL I attribute it to old school upbringing Sir When I was a kid I received more than a few thumping’s on the head for being disrespectful – I guess some lessons remain with you for life. But damn – anyone other than cramer :( please!!!!! Take Care

Fair enough This weekend I can share my opinions – however throughout the week I must remain opinion-less But I can think of no better reason to learn to trade, and become financially independent, than what you’ve just stated here Sir Redneck eta - nothing really alarms me...

Sir I’m neither a good trader, nor a bad trader – just a trader I neither know where the market is headed nor care why – I just ride along I don’t try to justify it as it is not my job Personally I love the moves it’s been making - and hope they continue forever I...

All due respect Sir I don't care if your right or wrong I don't care if the market goes to 1M, or 0 I want to know why I should get out I make money 2 1/2 times faster when it drops... Why do I want to get out - instead of shorting it ... please explain - You may know something...

FYI - I added a maybe to the bottom of my post Sir