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  1. wrbtrader

    Price driven charts - Do you adjust settings based on changes in volatility?

    Many years ago I use to think that threads like this that talked about chart settings/parameters without anyone posting any chart examples were strange. Yet, early 2007 I met a clever guy that was able to determine how I traded just via seeing my posted charts...I adjusted my charts as...
  2. wrbtrader

    Theranos - fraud

    I'm not sure which year you're comparing to Amazon but I use to live in Seattle when Amazon first started. In fact, I lived in a condo (old warehouse converted into condos) very near to their headquarters while their warehouse was not too far away...a 5 - 10 min drive between the headquarters &...
  3. wrbtrader

    Do daytraders profit everyday? Or are they like me: one huge win one day, 10 losses in a row after?

    I mentioned several things that must be used in combo to be able to succeed. Simply, anybody can scalp...that's obvious. Yet, without the proper variables working together as a team that I've mentioned...you can scalp but you aren't going to be successful at it. It's just one of those things...
  4. wrbtrader

    Develop and follow a written trading plan

    I've seen too many unhappy people become happier after getting pay raises (more money), winning a large financial prize (e.g. lottery)...more than I've seen those not happy after doing the same. Don't misunderstand, I have seen people remain unhappy after having more money. Yet, overall, most...
  5. wrbtrader

    Do daytraders profit everyday? Or are they like me: one huge win one day, 10 losses in a row after?

    Wish you good trading too and thanks for the reply. wrbtrader
  6. wrbtrader

    Need advice on exits

    You have other things to be concerned about besides how to designate a profit target. Other concerns are trailing stops to protect profits so that you're not in a trade up +20 points and the price action then retraces all the way back to breakeven. Actually, that's very concerning because to...
  7. wrbtrader

    Do daytraders profit everyday? Or are they like me: one huge win one day, 10 losses in a row after?

    Many others and I completely agree with these views you've mentioned. Yet, I think when traders do talk about how they're trading...they're intentionally vague or they leave out a lot of critical variables...they really aren't revealing any secrets. There's some aspects of trading that must be...
  8. wrbtrader

    Develop and follow a written trading plan

    So very true. Threads like this that recommends traders should "develop" and "follow" a trading plan are just too easy to post. In contrast, the other threads like "What's your trading plan" or "How to setup a trading plan" or "Post your trading plans" have a little more substance to them...
  9. wrbtrader

    Develop and follow a written trading plan

    Words have no power to impress the mind without the exquisite horror of their reality. - Edgar Allan Poe
  10. wrbtrader

    Trading journals!

    A "trade journal" involves discussing trades (simulator or real money). There's also what I call "Analysis", "Market Opinions", "Recommendations" and such via what you've just shown. Yet, both can be combined in which you follow-up to those "Market Opinions" with your trades (entry, exit, size...
  11. wrbtrader

    Trading journals!

    The trade journal section here at ET has a very simple definition @ https://www.elitetrader.com/et/forums/journals.29/ Yet, journals can be public or private and still accomplish the same goals.
  12. wrbtrader

    Trading journals!

    Looks like a summary piece of a trading plan or part of a "about me" info page...not a trade journal.
  13. wrbtrader

    Do daytraders profit everyday? Or are they like me: one huge win one day, 10 losses in a row after?

    I don't know what you're doing but to have a chance in the scalping business of trading... You need to be automated, special commission rates, using a broker/platform suitable for scalping, high win:rate, understand the statistical analysis of your backtesting & trade results and not super...
  14. wrbtrader

    Develop and follow a written trading plan

    You may want to reply to those that talked about high win rate and stuff via using their user name...your point can get to the source instead of wasted on others that don't know what the hell you're talking about. By the way, of course trading is hard. Never said it wasn't. In fact, I've been...
  15. wrbtrader

    Trading journals!

    If you make a template for your trade journal...you only need to just copy and paste the info/data/download into the daily trade journal. :sneaky:
  16. wrbtrader

    Develop and follow a written trading plan

    I've seen successful mobile trading from a library, RV and a parking lot of a Zoo. Yeah, I've only seen a few days of such and not every trading day of the year. Thus, its a reality. Yet, they were just trading small size (a few contracts) and not what they normally do from their home office...
  17. wrbtrader

    Develop and follow a written trading plan

    Why would you suggest you could trade "thousands of ES contracts" and then imply you don't have enough funds to do such. Isn't that another way to say you've never tested that theory (trading thousands of contracts) because you don't have enought funds for such ??? Anyways, as I stated...
  18. wrbtrader

    Develop and follow a written trading plan

    You may want to read a few pages back. It was suggested one could not successfully trade via mobile trading. That implies the only way to successfully trade is via a desktop. My hypothesis is if that's the assumption (successfully trading via a desktop)...wouldn't the same trader be able to...
  19. wrbtrader

    Develop and follow a written trading plan

    I would think that a successful trader with a trading plan and trading behind a desktop... That same trader would continue to be successful when mobile trading unless someone believes its impossible to be profitable while doing mobile trading as if there's a problem with the technology that...
  20. wrbtrader

    "Ignore" Notification

    There's a perpetual assumption that traders in the U.S. think this way about themselves whereas those abroad assume successful traders are worldwide. :D In contrast, in the past year...I've seen successful trading by those that trade from libraries, RV, co-working spaces and even from picnic...
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