a loser's journal......read at own risk

i think traders lose because they do not understand what a pull back is everyone knows what a pull back but they do not understand it.

a pull back is often a trend and a trend is often a pull back.

if you understand this then you know the direction the market is going and then you are hugely rich.

i know i lost money for 13 years because i did not understand pull backs and trend resumption.

also when trend resumption hits a wall and does not resume ..........

this is what profitable trading is about
 
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i think people are not having the right idea about sim.

sim reproduces exactly the realities of markets.

you have sim for playing golf ,for flying an aircraft, etc, but none of these reproduce the exact same conditions as the real thing.

nothing is actually taking place on a computer in virtual reality.....except markets

this is a huge opportunity and i think if new traders realise this and trade sim until they get good then 95% of them will not fail as is the case now
 
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i have learnt a lot trading 40 -50 trades a day in demo......that was a good education.

i will be very happy if i could make 20 usd a day in live.......that is my daily expenses...

i am trading for my living not to become rich
 
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when brooks says put stop above bear leg he is assuming that you are selling a bear flag and that premise no longer holds if the swing high is taken out so stop goes above swing high........simple stuff no great secret or strategy..common technical sense
 
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