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  1. Redneck

    I'd like to become a better trader

    Laissez If you wish me to be wrong – then I am wrong If you wish me to be belittled – then I am belittled If you wish to feel superior – then you are superior If you wish it to be funny – then it is funny NOD, well she is my friend, and my colleague – period I...
  2. Redneck

    What exactly is a Holy Grail, in terms of characteristics?

    The Holy Grail (of trading) Does it exist…, and if it exist what does it look like…, And how would we know Is it a gold challis…, or perhaps a wooden cup The holy grail of trading – is that which allows a trader to consistently and repeatedly - extract profits from the...
  3. Redneck

    I'd like to become a better trader

    BL Couple of things First Thinking and posting about stops last night in another’s thread – I came to realize the stop I called B/E is actually a 1 to 2 cent stop (but never more than 2 cents) I’ll use it, for example, where price is butting up against S or R, and it will...
  4. Redneck

    Working on Consistent Profitability

    BS, I wonder if using that small of a time frame going to give him the heebie jeebies (happy fingers) I remember back before I learned to see smaller time frames as the foundation on which bigger time frames are built – that I traded with smaller TF for the "action” (google juice if...
  5. Redneck

    Working on Consistent Profitability

    Yeah I never move my 'fixed" stop to B/E... it is set wide enough to allow for normal wiggle in the time frame I trade..., but no more than that..., and yet still small enough that several in a row won't affect me (money, or mentally wise) When I use a B/E stop - it starts out B/E - the...
  6. Redneck

    Working on Consistent Profitability

    Yes, no, and maybe The final say so is yours – obviously Below is a copy of what I posted in the other thread – see if any of it makes sense (rings a bell)… if not – no worries ================================================= Another thought to add As you get more...
  7. Redneck

    ES Journal Archive (2011)

    News worthy of trading RN
  8. Redneck

    Working on Consistent Profitability

    Tlow Trading is not hard – we make it hard – or not Okay so patience was an issue today (took bad / late trades) – have a think on that this weekend please You are growing your brain - like any other muscle... and like any other muscle that gets a work out - it hurts...
  9. Redneck

    I'd like to become a better trader

    Appreciate it laissez Your answer tells me all I need Now let’s focus on helping BL, IF he’ll allow it Although I am chuckling that you are rethinking NOD’s fixed stop – if you only knew Should you adopt it – all the better – in a couple of ways…. And no...
  10. Redneck

    I'd like to become a better trader

    Here’s a fact BL… Human mind can only focus on / think about one thing at a time – the more you can simplify – the better =============================================================== And like NOD, and I've said – a fixed stop has built in discipline – something you...
  11. Redneck

    I'd like to become a better trader

    My buddy gets it :) Small wonder Good Trading Today Ma'am RN
  12. Redneck

    Working on Consistent Profitability

    OW77 Good idea Sir But I am also suggesting he dig deeper, than just trading, and bring into alignment all the stuff in his head... It is hell having 9 million screaming voices (thoughts) in your head - makes it hard to hear yourself think RN
  13. Redneck

    I'd like to become a better trader

    BL You posted 2 losses back to back, one for $270.., the other for $420 – almost double I took that to mean your stops are all over the radar I don’t know anything more than what you tell me – and I assume nothing… A stop just below the previous swing low could be the...
  14. Redneck

    I'd like to become a better trader

    My wife says the same thing My stops are deliberate (fixed), my entries are deliberate (has cause), but my entries also adapt to the direction of PA, stops do not…. And no I do not use a fixed profit target - PA dictates the target(s) Volatility – I may have entered, and exited for...
  15. Redneck

    I'd like to become a better trader

    Why fixed stops for the plain jane day trader 1.) Having a random stop, means you think you can control / second guess the market / a given trade’s outcome (if only I give this one more room, it’ll work… ah this one however needs less room)) – you can’t 2.) Traders are risk...
  16. Redneck

    I'd like to become a better trader

    Couple of things How is a fixed stop, not a maximum stop (and I disagree with the concept of a "maximum" stop any how) Second point.... (fixed %) You’re saying As your account increases, so does the amount you risk…. As your account decrease, so does the amount you risk...
  17. Redneck

    Working on Consistent Profitability

    Tlow, The same as you are journaling, writing down your emotions… do the same for your thoughts Goal is to get clear minded…, opinion-less.., and centered (then remain that way throughout the day) Use a pencil and paper to capture your thoughts…, then categorize them…...
  18. Redneck

    I'd like to become a better trader

    You going to practice like you play.... or dick around and waste time and effort If you would have done someting for real - then do it sim dammit RN
  19. Redneck

    I'd like to become a better trader

    I would have bet money - you would say this If you want to discuss later today we can..., if not... it is you choice (meaning no harm, no foul) RN
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