As a trader what are you trying to do?

I did learn a lot from Brooks. I incorporated elements of his teachings into my trading and benefited. I see one short coming in Brooks' teachings. He does not differentiate between market noise and market volatility. This has become a handicap in my trading. This inability of mine to differentiate between them has thrown me off guard many a time. I am working on this. Despite this, my trading is profitable during this year, but not as profitable as I think it should be.
 
sridhga said:
I did learn a lot from Brooks. I incorporated elements of his teachings into my trading and benefited. I see one short coming in Brooks' teachings. He does not differentiate between market noise and market volatility. This has become a handicap in my trading. This inability of mine to differentiate between them has thrown me off guard many a time. I am working on this. Despite this, my trading is profitable during this year, but not as profitable as I think it should be.
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i like Brooks too i think we should connect i am from India too
 
As a trader, I'm looking to guess where prices will go so I can make money when they move. I want to be smart about the risks I take and make the most of the market's ups and downs.
 
hi mike
the attachment is only #4 and #5... are there others? where did you get these?

thanks
toucan
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Hi toucan,

Technically my game plan is numbered to 7. The rest involves
trade preparation, risk management, trading rules, trade management
and trade review.

It all came from being under mentorship. I was taught to follow
a routine and structured framework as a point of reference
with timing, entry and trade management, etc etc.
 
padutrader said:
I talked about swings and legs.

i do not need indicators to tell me A MOVE IS STRONG.

AND BARS ARE FOR SCALPERS AND YOU ARE VERY Arrogant or ignorant to say it it is for idiots
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Yes I am arrogant I suppose but but I guess those are the idiots that generate the volatility that I sit back and don't waste my eyeballs looking at stupid things like bars I'd rather focus them on hot naked chicks in real life
 
padutrader said:
this may seem like a stupid or obvious or rhetorical question but i have found that the way, many traders behave and talk here, in this forum, they do not have a CLEAR goal or purpose.

'i am a trader and i have to make money' that is what most traders say.

markets move in both directions and to make money, a trader has to get into a move. any move up or down.

it only has to be strong enough to move some more.



what is a move? it is what a traders defines it to be.

or what a trader understands it to be.

having a standardized definition for a move is useful, to be consistent and so she has to decide the size of the move.

this can be decided by no of ticks -price movement-

or by no of minutes-time movement.

so a trader has to trade move by move.

or bar by bar .

the bar may be number of ticks or minutes.

once a bar is printed a trader has to decide whether a move will continue or not. Is it strong enough to continue.
that is all he has to do.

and everything a trader does has to be decided in that context
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Hello padutrader,

As I a trader, I am trying to get rich, QUICK.
 
As I a trader, I am trying to get rich, QUICK
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Hi there SimpleMeLike,

How quick? What's your time horizon?

By very slow progression the Sun rises everyday
by the principle of Natural Law. The evolution of
a trader is also a very slow progression by the
principle of growth. I don't think anyone can rush
the process
 
SimpleMeLike said:
Hello padutrader,

As I a trader, I am trying to get rich, QUICK.
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One needs consistency and risk management before thinking about getting rich, once you have that down becoming rich should come automatically since you can scale up massively as long as you stick to decent risk management.

Some traders are risking 10 points to make 1 point, or trade 10 contracts to make $500 while the potential risk is much higher.

Such strategies are destined to blow up sooner or later.
 
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