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  1. dbphoenix

    Is day trading worth it?

    And you never know when somebody might say Okay, how do I go about putting together one of these trading plans? In the meantime, I'm busy spreading compost in the garden, but I'll let the obvious analogies go by.
  2. dbphoenix

    Is day trading worth it?

    Actually I'm not defending myself, and I don't think ND is doing so either. My point is and always has been that those who blame their failures on what's posted to a message board, or some ill-conceived choice of "mentor", are better off developing a thoroughly-tested and consistently-profitable...
  3. dbphoenix

    Is day trading worth it?

    No post-its, no travel. Just post your plan. If you choose not to, that's perfectly okay. Let's just not fog up the issue.
  4. dbphoenix

    switching gears to Price Action via SLA

    As I said in chat, try not to forget the past three days. When it works, the market carries you along. When it doesn't, you can either fight it or wait patiently for the next opportunity. If you've experienced those opportunities in real time, you're much more likely to recognize them in future.
  5. dbphoenix

    switching gears to Price Action via SLA

    For the sake of accuracy, that isn't me, it was Teresa Lo, and it was "if it doesn't go, you don't want to be there." There is little if anything that is easy about trading. Or perhaps I should say making money trading (if you don't care about making money, trading is a cinch).
  6. dbphoenix

    Is day trading worth it?

    And what is your trading plan?
  7. dbphoenix

    Is day trading worth it?

    Well, it's been good for a hundred years, so I'll go with the weight of the evidence.
  8. dbphoenix

    Is day trading worth it?

    Mark Douglas put it best I think: Rarely do any of us grow up learning how to operate in an arena that allows for complete freedom of creative expression, with no external structure to restrict it in any way. In the trading environment, you will have to make up your own rules and then have the...
  9. dbphoenix

    Is day trading worth it?

    And still do, though I have yet to understand what difference it makes how much I earn or even if I earn anything at all. I've provided a detailed trading plan along with its rules, which few people do. All one has to do is read it and take it for a test drive for a couple of weeks, but the...
  10. dbphoenix

    Is day trading worth it?

    Of course you don't have to have a trading plan in a casino, but at least you have to know the game.
  11. dbphoenix

    Is day trading worth it?

    Since most wannabees are recreational, they are also low-hanging fruit. But it's up to them to take it seriously. If they want what looks like the easy way, they also have to accept the consequences.
  12. dbphoenix

    Ghost of If You Can Draw A Straight Line

    Possibly Europe.
  13. dbphoenix

    Is day trading worth it?

    I read yesterday about an 18-year-old girl with a Stage 4 brain tumor. Given that, the importance of troll comments hardly registers.
  14. dbphoenix

    Is day trading worth it?

    Whatever doesn't kill you . . . :)
  15. dbphoenix

    Ghost of If You Can Draw A Straight Line

    While trading what may be a market top in real time is fun, that old devil bias should not be allowed to color perception. We are currently 15pts above the mean of the March trend channel. We may reach the upper limit of that channel today or over the next two days. Or not. But even if we do...
  16. dbphoenix

    Is day trading worth it?

    They can be, yes. BTW, I scanned the first 300 posts of your last journal. You took one hell of a lot of abuse. But then there are one hell of a lot of failed traders out there. The successful ones don't behave like that.
  17. dbphoenix

    Ghost of If You Can Draw A Straight Line

    While it's nice that so many people view these charts, viewing charts and reading journals and reading books and reading posts and reading whatever else, much less "looking" at charts, is not likely to put a single dime into your account. If one wants to progress, he must begin to develop a...
  18. dbphoenix

    Is day trading worth it?

    A public journal in and of itself is no automatic fix-it. But if several people are working toward a common goal following more or less the same methodology, they can provide mutual encouragement as well as help prevent each other from wandering too far into the weeds. Granted there are times...
  19. dbphoenix

    Is day trading worth it?

    How true. That's why I've insisted this time that those who say they're interested open and maintain journals in order to get anywhere, yet out of all those who initiated them, only about eight are seeing them through. Their choice. The market is the best teacher after all, and only the market...
  20. dbphoenix

    Is day trading worth it?

    So in June you were complimenting me on how "clear and effective" my approach was, and in May you were commenting on my "great posts". Something has changed, and it hasn't been me. As I said, best of luck in your trading. In the meantime, just put me on Ignore.
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