Search results

  1. A

    ES Journal Archive (2011)

    In what way is that obnoxious? What is the personal benefit of anyone asking anyone else' opinion about future market action? The only way to succeed in this individual-performance profession is 100% independence. That was the point of that post. All the other "+1pt" noise and nonsense...
  2. A

    ES Journal Archive (2011)

    Why rely on someone else for market information? The ES told all of us where it intends to go today... last night. We knew that by 4:16pm yesterday. No need to rely on anyone else. All you have to do is measure the market. It's that simple :cool:
  3. A

    ES Journal Archive (2011)

    The market tells anyone (who will listen with an open mind) exactly where it wants to go. Just a matter of learning how to read roadmaps, and learn to trade using chart tools which lead price action itself
  4. A

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Well Rob/Hubert, I can tell you two things for sure: #1: no trader in the history of electronic markets with zero exceptions EVER created lasting, profitable success by taking someone else' market calls. Has never before, does not currently and never will happen in this profession. Nor can...
  5. A

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    If that guy knew the first two things about reading price action and trading in harmony with correct directrion... he would have never even considered all that average-down crap. The fact that a major part of his approach is based on additional entries as price moves sharply against means he...
  6. A

    Why Can't I Trade with the Trend

    not true on two counts #1: Revealing any true indicator or solid method approach never diminishes its effectiveness one iota, not one smidgeon, not one drop. The idea that someone's "edge" can be negated by public revelation is just an oft-repeated fallacy. #2: Trend-following indicators...
  7. A

    How necessary are quantitative skills in order to trade profitably?

    no one needs quantative skills... everyone needs cognitive skills and most importantly, self-management skills.
  8. A

    What is the best way to learn how to day trade?

    That's a damn good question. Notice the OP of this thread was (as predicted) just another one-post troll who delighted in pushing the buttons of any "anti-vendor" zealots here. Mission accomplished, for the umpteenth time inside the only message board on earth that fixates on what not to do...
  9. A

    Trader P/L 2011

    Well, I don't know how interesting this is... but maybe it's a bit educational. Attached is a modest retail account that trades anywhere from 4 to 8 emini contracts per trade. I had been working both ES and TF together, but daily results have been mixed since volatility skyrocketed. Maybe...
  10. A

    "Price Action Only" traders - More likely to be successful?

    In all seriousness, there are a lot of successful traders out there who use various chart tools for aid in success. When I first got started in 1999 - 2000, the rage then for everyone was custom indicators, stacked indicators, tweaked indicators. Later on it became in vogue to strip charts...
  11. A

    "Price Action Only" traders - More likely to be successful?

    Do I get first-class tickets paid to Sweden for that trinket award?
  12. A

    "Price Action Only" traders - More likely to be successful?

    some indicators predict what price is probable to do next... more often than not that's no different than all of the price-action traders who insist on buying higher low - higher high or selling lower high - lower low patterns that v-turn reverse on a dime and wipe them out. there is a lot...
  13. A

    "Price Action Only" traders - More likely to be successful?

    Price action only versus the correct indicators is akin to sailing by the moon & stars versus sailing with a map, compass and gps unit. The correct chart indicators lead price, not lag price. They predict where price will go next... more often than not. The pervasive myth that indicators...
  14. A

    ES Journal Archive (2011)

    Garden-variety H&S pattern along with two proprietary price measurements suggest ES 1120 zone on further breakdown. The way algos are slicing swings thru this tape, might be just a speed bump or overnight gap-down move by the open tomorrow.
  15. A

    What is the best way to learn how to day trade?

    With all due respect, this first-post question is usually a thread starter by other multiple aliases who enjoy spinning wheels of the other perennial aliases who frantically scramble to "save the newbies" from their own mistakes. Said mistakes include deliberately choosing to spend tens of...
  16. A

    What is the best way to learn how to day trade?

    pretty good chance I made more money yesterday alone than you have or ever will... at the rate you are going try focusing your time and energy on what will bring you towards success (pleasure) than fixating on the educational mistakes you chose to make in the past (pain) you might just...
  17. A

    What is the best way to learn how to day trade?

    the simple secret to success... On a warm summer's evenin' on a train bound for nowhere I met up with the gambler, we were both too tired to sleep So we took turns a starin' out the window at the darkness 'Til boredom overtook us and he began to speak He said, "Son, I've made a life...
  18. A

    What is the best way to learn how to day trade?

    the best advice I can give anyone is to ignore all "advice" you get on public message boards from anonymous alias' that mask perennial losing traders. your best bet might be to research the older P&L threads going back a few years, pm or email the consistent posters who were profitable then...
  19. A

    Best way to hedge

    To "hedge" something means to effectively eliminate any further profits or gain while the hedge is in place. So the first question is, what are you hoping to accomplish by hedging? If the answer is short-term gains versus long-term gains taxed basis, you need to compare the trade costs for...
  20. A

    Why do people pay for trading courses/training?

    Next year I'm going to open a specialty burger = sandwich restaurant operation. It's been a lifelong goal that's finally coming to fruition. Years of study and research suggest it may take two years before we reach breakeven and net-profitable status. The inevitable learning curve for all...
Back
Top