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  1. dbphoenix

    Stages of a Trader

    And what distinguished the failures of your setup from the successes?
  2. dbphoenix

    Stages of a Trader

    Do you backtest manually or do you let the computer do it?
  3. dbphoenix

    Stages of a Trader

    What accounts for the variation?
  4. dbphoenix

    What is your take on Daniel Kahneman's theory? Happiness is not more than 60-75k/year

    From Amazon: Psychiatrist Viktor Frankl's memoir has riveted generations of readers with its descriptions of life in Nazi death camps and its lessons for spiritual survival. Between 1942 and 1945 Frankl labored in four different camps, including Auschwitz, while his parents, brother, and...
  5. dbphoenix

    Stages of a Trader

    Is the plan consistently profitable?
  6. dbphoenix

    Stages of a Trader

    Did you ever use those records to develop a trading plan?
  7. dbphoenix

    What is your take on Daniel Kahneman's theory? Happiness is not more than 60-75k/year

    You guys could do a lot worse than Man's Search For Meaning by Viktor Frankl.
  8. dbphoenix

    boru's price action journal

    It doesn't have to be one or the other. By following this course, you're requiring of yourself that you be absolutely right. Every time. All the time. That's not the way it works. And the more rigid you are, the more likely you are to break. Stay flexible. Simtrade two contracts. Exit one at...
  9. dbphoenix

    Stages of a Trader

    As it says at the end, "(from Bo Yoder, Vad Graifer, and Mark Douglas)". That means I wrote it based on what I read of their work, as opposed to quoting from their work.
  10. dbphoenix

    Ghost of If You Can Draw A Straight Line

    But you're not allowing it to do its job. Your upper line should begin with the first swing high after the beginning swing low. Yes, this will cut through the second and third swing highs, but that's the point. It's telling you that those highs are "overbought" and that those levels can't be...
  11. dbphoenix

    Stages of a Trader

    I've looked at your "Please judge my performance" and "3 years and" threads but you seem never to have opened up and maintained a journal, so that would be a start. Assuming you're serious.
  12. dbphoenix

    This volatility is insane

    And yet here we are. Doesn't have anything to do with support and resistance. It has to do with who's in control: buyers or sellers.
  13. dbphoenix

    Stages of a Trader

    Stage Five: The Inwardly-Bound Stage The trader who is able to pry himself out of Stage Four uses his experiences there productively. The trader learns, as stated earlier, what styles, techniques, tactics are popular. But instead of focusing entirely on what's "out there", he begins to ask...
  14. dbphoenix

    Stages of a Trader

    Stages of a Trader Stage One: The Mystification Stage This is where the neophyte trader begins. He has little or no understanding of market structure. He has no concept of the interrelationship among markets, much less between markets and the economy. Price charts are a meaningless...
  15. dbphoenix

    Gold, Silver, and Indexes Using Price Action

    Pace aside, consider extent and duration, i.e., the number of weeks it takes to get from the upper limit to the lower and back again along with the number of points in each wave, upper to lower and back again.
  16. dbphoenix

    boru's price action journal

    Unfortunately, there's been a neurological disconnect with the arrival of charting software and digital journals. Writing the journal and annotating the charts by hand is far superior to doing it via a keyboard, but even the digital aids focus and clarity. And if that's not enough, one can...
  17. dbphoenix

    I must stop a losing streak!

    That trading is a zero-sum game? You're confusing trading with gambling.
  18. dbphoenix

    I must stop a losing streak!

    That you believe this may be a chief reason why you're having so much trouble.
  19. dbphoenix

    I must stop a losing streak!

    To be blunt, you don't do a very good job of it given the desperation implied by the title of your thread. And even though we're now at the 36th post or so, you have yet to provide a chart which shows how you trade. Or a trading plan. What exactly do you expect people to do for you?
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