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You could get a business partner with the opposite problem, and force each other to confront your issues. Could even just be another successful trader sharing the same office.

It's been great, but you "obviously" need to cut your size when prices are bouncing around like a ping pong ball!

Times like this you must ask - "which one are you?"

It was obviously an "AON" bet! May as well write it off and keep it like a lottery ticket. You never know.

Mr. Tharp did a tremendous service to the small group of aspiring traders who were looking for real facts about the reality of trading. And it all starts with risk management, so you can define the maximum loss and calculate the multiple. His book changed me from looking for the ability to...

The games are slightly different because the predators and prey are in different environments, like sheep vs plankton. Their ultimate demise comes in a similar way, but with very different setups.....

No text book is going to be able to read the emotions of the sea of suckers whom, unbeknownst to them, always get shaken out for the same basic reason. You would think they would learn not to chase the waves right onto the rocks!

And the bear case is the massive, yuuuuge head and shoulders top

The most primitive edge is to cut your losses and let winners run. You can come out ahead throwing a dart at the stock list on the wall if you just do this. The most accurate and best edge by far is to be a member of congress, so you can buy pharma stocks before mandating an experimental (no...

Cut your losses, otherwise you can lose all your money and perhaps even your mind!

There is only one possible proof of the validity of any religion in this short life. We have to observe the results it has on its believers, and the civilizations (or savagery) that they create. The history of humanity is like a yuuuuge scientific experiment where specimens have been...

AAPL

Of all the diagramz in this thread that may be the least worst, because shows where you might be able to BLSH, but as the OP stated - unless the obvious is known it can easily become BLLL. This riddle is easily solved with risk management...........

I don't bet big so I don't take big money out of the market, but The Obvious has been performing consistently well since I finally saw it. My other momentum based method got whipsawed badly starting a few months ago, and I realized the market conditions changed. It became time to BLSH instead...

Useful, but not "the obvious"

You completely missed the point of this thread, which was mostly an intelligence test, and does hold many clues to a very lucrative trading method, if you have the brains to "work it out", as the OP said many times. As far as the other clown, I appreciate him and his videos. We all need to...

It should be very simple. Can you see it?

If you do not fear the market and what it will do to your account and any possessions pledged as collateral to your losses, it is only a matter of time until you average down to zero. Believe me, trading while cutting losses is much harder than just buying and buying and buying as price moves...

One day I decided to reverse my "buy" and "sell" buttons

1. Develop an edge 2. Wait until you see your setup 3. Select a share amount based on your puke point and max risk, minus about 20% for slippage 4. Execute 5. Monitor and exit when you hear the sound of millions of muppets crying out, and then going silent