Trading…, every person is a one man / one woman team
We must lean to play offense & defense with equal competency
Takes time... concerted effort..., and baby steps
Play defense mode till the trading is working
Switch to offense mode to get the as much out what the mkt offers - as your...
Slugar
Getting sloppy my man.., - half ass trade plans / not taking profit when the target hit
The mkt will not suffer fools
You're better than this - trade like it
RN
the angle of the dangle is inversely proportional to the heat of the meat, provided that the maxis of the axis, and the gravity of the cavity, remain constant.
Couldn't resist :)
Follow / listen to / obey Price - it the absolute arbiter
RN
The zone has little to do with intuition
It is the absence of all conflict
While…,
Being completely in sync with price movement / the behavior creating that PA
Then…,
Trading such
Where one is neither ahead…, nor behind – rather right smack dab in sync
To an outsider – it does appear as...
"just for me to follow something i need it written down and defined"
iow – you need to own it – live it – trade it - and stand by it when the mkt is attempting to F with your head
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"I am having trouble with the written plan part because with price action trading there is...
Methodologies/ approaches;
There are many like it…. but this one is mine
Sweet!!!!!
Random thoughts;
One’s plan must absolutely be as simple as possible…, yet encompassing (when to get in.., more importantly when to get out / remain out)
BUT it must also never be debilitating
Mkt...
Admittedly my opinion sucks
But unless 78.17…, then 78.89-ish aren't taken out on volume
Then 80 tomorrow is a pipe dream
Aside
Now watch this bitch gap to 80 @ the open since I posted this - :cool:
RN
I don’t exit a failed trade.., while the loss still small.., manageable.., and absolutely recoverable
Why – *insert your favorite reason / excuse here*
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Give up control – you will be controlled
RN
My response will likely come off crass – c'est la vie
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Random thoughts;
What resolution(s)/ solution(s) have these “several other successful traders” offered up
And why are you not listening to them / heeding their advice
“looking to play the reversal instead...
And this where the skill of trading comes in
When wrong:
Weak of opinion
Accepting of small losers
Fleet of foot and able to flip a position – "when" appropriate (and when not.., simply get out and not allow the loss to gnaw at Ya)
When right:
Stick to yer guns till the move shows signs of...
The purpose of trading is to make money (well duh :confused:)
Money cannot be made – by anyone – if price moves about randomly (truly randomly – not perceived).., or allowed to stagnate for prolonged periods
Remove the randomness / stagnation – patterns are formed
How…, when…, to the...
I posted in another thread; patterns are context…
Unfortunately my remark was not understood
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Patterns (price movements) are the manifestation of behavior – hence the context of behavior
Majority trade price – majority also lose (from what I gather)
The real intent of...
Candle stick patterns are context
Context does not forecast / predict.., nor does it provide signals/ set ups – in and of itself
Still boils down to learning this craft
RN