Search results

Isn't that the same way you felt a year ago?

Probably a good idea. When you post you are just repeating what you believe to be true. If you read what others are posting you might learn something.

Years ago they pitted a monkey throwing darts against Wall street anaysts. Guess who won!!

Well you could start. Show the forum your plan for your next trade. Where you will open your position and why, where you will exit and why and position size relative to your account size.

In Somalia bitcoin is worth more than 1 million!! 1 Bitcoin = 1,817,720 Indian Rupee :)

Do you have a trading plan? A written document that answers the question "What the hell do I do now?"

Define a pure TA/PA type. I agree that there is no way to consistantly determine where the price will be at the close of the next bar. Wild ass guess at best with the information you have given in the test. However if you were to show me charts with volume on different time frames so that I...

The question should not be "where will the next bar close?" but "can you take a trade based on this information?"

I got burned shorting a stock years ago. Perfect set-up, stock made a double top and traded below the last swing low so I went short with a stop above the swing high. It dropped for a day and got bought out at an unbelievable premium and I took a huge loss. End of my shorting career. I can...

Maybe the question should be, are there patterns that have an edge?

I don't know that my approach is not random. What I do know is that it has been profitable for the last 20 years. Win rate is not a metric that means a lot if you don't make a profit. You don't have to win more trades than you lose in order to make money.

I don't know who is trading but I can get a pretty good idea where the price is going. If price is rising on volume it tells me that there is demand. Why isn't the price chart enough? It tells you how investors are interpreting the information available. If what the big investor does is enough...

If you've been following it for some time what has kept you from taking a position? Why short a stock that's in an uptrend. I've been long FSLR for some time.

Price action on a chart shows what decisions point72 makes as a result of spending all that money. (Not point72 specifically but institutions in general) You can't hide volume. A retail trader cannot compete with the big boys for research. The researchers you mention make more money in salary...

The point is it still exists. :cool:

Your fiat still exists. You may not have it but it is gone forever.

It Varies depending on how I'm trading. Rght now with the market not really showing which direction it wants to go I'm entering with a partial position and adding to it if I like the direction. I might add to a position if it gets close to my stop and then moves in my direction. If the market...

I can't tell you where the price will be in 3 months. And I'd challenge you to do the same thing using all the data at your disposal. I can only tell you what I will do.

Just another risk with bitcoin. Once it's lost it's gone forever.

Not sure how I'd define it myself. Each trade is independant. At the end of the year I expect that my gains will be more than my losses. When entering a trade I rarely have a target. Since a lot of my trades are at new highs there is nothing overhead that will slow the trade down. PA comes...