As a beginner consistent trader...

SimpleMeLike said:
Hello Leob,

Well lets think about it. I only have about $30K trading capital to make money trading.

What led me to becoming a Guesser and Gambling Trader day to day was

1. Years of seeking help from others. NOONE is going to help me and show me specifically how to make money. They just going to give me ideas and want my money to teach me. However, when I ask them to show broker records or 3rd party audit service to verify their trading records, no response.
2. Years of programming and back testing trading ideas of what I "thought" makes money. It is impossible to think 1 trading ideas makes money, and the computer proves this in optimization. Automation is the only way to verify trading edge. But this takes forever, and I have no time for it, because of lack of trading ideas. I still do this for fun. But I guess day trade.
3. LIARS and BULLSHITTERS. The trading industry just wants my money because selling gurus make money like this:

1000 customers
$1000 for trading course or trading algo or trading plan or trading method or mentor or XXX

Trading Selling Service makes 1000 x $1000 = $1,000,000

If you ask the trading service to show proof of trading, they can lie to you and show you fake stuff. Watch this below to save yourself time and headache


4. Confusion and too much help. Everyone have an idea how to make money trading, NOONE proves the idea. My brain can only do one thing without going crazy.

5. Noone knows shit and if they did, they will not tell you me anyway. Just the blah blah blah blah keep rewards great risk, keep a trading plan. If it was that easy we all be rich right?

6. Lack of time. I work full time career and have about 2 hours to trade per day. best to guess and make money and close chart then spend years and years back testing by hand what I think works. Even if back test manually best to guess and discretionary exit the trade when you think premise changes.

So you tell me sir, what other choice do you have to trade? All you can do is pick a trading theory and practice. The moment you go online searching for a trading idea strategy or method, you will waste time because noone knows and they will not share with you. And they want your money anyway to sell you fake stuff.

Plus I personally know traders who loss $XXX,XXX being lied to and scam from fake Trading Teachers and Trading Services.

So best I stick to my own way of doing things.
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Man, I appreciate your openness.
It was that though to realize this..
I understand...
 
SimpleMeLike said:
Well lets think about it. I only have about $30K trading capital to make money trading.
More...
SimpleMeLike said:
Lack of time. I work full time career and have about 2 hours to trade per day. best to guess and make money and close chart then spend years and years back testing by hand what I think works. Even if back test manually best to guess and discretionary exit the trade when you think premise changes.
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Some thoughts, same basic situation here..
 
SimpleMeLike said:
5. Noone knows shit and if they did, they will not tell you me anyway. Just the blah blah blah blah keep rewards great risk, keep a trading plan. If it was that easy we all be rich right?
More...
If your trading plan isn't working, just put out here on ET and maybe someone will give you some ideas how to improve on it. Probably for FREE!!. That's what trading communities are for.

Don't expect someone to hand you a strategy, but if you tell the group what you are doing you might get some constructive advise.

Just that easy!!
 
Leob said:
Some thoughts, same basic situation here..
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Yes sir Leob,

Same here. I do not have time to be manual back testing. best to guess and gamble based on trading experience.

Stare at the chart and guess every day for few hours and be done. Move on with life.
 
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deaddog said:
If your trading plan isn't working, just put out here on ET and maybe someone will give you some ideas how to improve on it. Probably for FREE!!. That's what trading communities are for.

Don't expect someone to hand you a strategy, but if you tell the group what you are doing you might get some constructive advise.

Just that easy!!
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Hello deaddog,

If it is that easy, why I do not see any other ET members posting their trading plan yet?

Show me one post where someone post their trading plan and asking for help? Show me where someone posted a chart and trading plan asking for help?

The only help is someone show someone EXACTLY how to make money step by step in real time with their chart running and placing trades for XXX trades. There is no other help to offer.
 
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SimpleMeLike said:
Hello deaddog,

If it is that easy, why I do not see any other ET members posting their trading plan yet?

Show me one post where someone post their trading plan and asking for help? Show me where someone posted a chart and trading plan asking for help?
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I have no idea why others are not posting their plans.

I suspect that they don't have one.

Or they are afraid that someone will steal their plan and make it work

Or they realize that they have a viable plan and the problem is the trader not the plan.

What is the reason you are reluctant to post yours?
 
deaddog said:
I have no idea why others are not posting their plans.

I suspect that they don't have one.

Or they are afraid that someone will steal their plan and make it work

Or they realize that they have a viable plan and the problem is the trader not the plan.

What is the reason you are reluctant to post yours?
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Hello deaddog,

Duh, because I do not want anyone to see what I am doing that can possible make me alot of money for me. The same reason noone else shows their chart.

In addition, all everyone going to say is to just go practice it and see if it works. Noone can tell someone else how to trade and what works. You do not know where the edge is. if you did you be a millionaire and you will not share with anyone.

Noone is going show their chart cause someone like me can program their trading idea or strategy and test it in one day to see if has edge and trade someone else hard work.
 
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deaddog said:
So you don't want any help. I'm good with that.
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Hello deaddog,

How can you help me or Leob or anyone else making money trading? Please explain.

My advice to Leob is too

1. Stare at chart
2. Look for an entry based on his trading belief or some trading theory online or book
3. Guess at an exit
4. Repeat step 1 through 3 until PnL goes up for 1 year in SIM.
 
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Afraid to fail in trading, maybe this is good and no good because this is included in psychological disease, afraid to fail to mean fear of losing money, hence they still fear although the market gives a good opportunity, but afraid to fail might make secure money because of no trade.
 
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