As a trader what are you trying to do?

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
More...

My main goal as a trader is to capitalise the first letter of each sentence, and avoid random line breaks.

GAT
 
SimpleMeLike said:
Hello padutrader,

As I a trader, I am trying to get rich, QUICK.
More...


How much of your capital are you willing to forego before you start your journey in getting rich?

How much loss you are likely to take in the next trade?

How much loss you are likely to take in this week?

How much loss you are likely to take this month?
 
Leob said:
Imbalance is very easy and very visible with footprint charts. This is one of the main reasons to use footprint chart, to spot the imbalance.
More...
You caught my attention Mr. @Leob.

Can you kindly explain what exactly you meant Imbalance and how do you see it and what is a footprint chart and where can I find an example.

Thank you in advance.
 
padutrader said:
i am 67 and an idiot so all i do is look at 5 min bars and talk about it.

i never looked at girls so
More...


Al Books is 71 and is 'I dont know what'. So all he does is to look at 5 min bars and talk about it.

He did raise 3 girls and put them in college.
 
sridhga said:
How much of your capital are you willing to forego before you start your journey in getting rich?

How much loss you are likely to take in the next trade?

How much loss you are likely to take in this week?

How much loss you are likely to take this month?
More...
He won't tell you because there is no reason to. Just like there is no reason for you to show him yours.

It is immaterial in an anonymous internet forum, unless he is scamming and hunting for victims. Definitely he is not.

For me, reading between the lines, @SimpleMeLike is the real deal.
 
ironchef said:
You caught my attention Mr. @Leob.

Can you kindly explain what exactly you meant Imbalance and how do you see it and what is a footprint chart and where can I find an example.

Thank you in advance.
More...
https://atas.net/atas-possibilities/cluster-charts-footprint/how-to-find-and-trade-imbalance/
This is basic explanation. Continue to explore the subject with Google, YouTube and appropriate platform. Don't neglect tha practice part with chart and historical data. Build understanding not just knowledge.
Good luck.
 
Last edited:
mikeriley said:
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.
More...

great!!! why i asked is that those are very similar to what i have listed in my trading process.. and yes i have some before them and some after them. my major topics are: my edge definition, baseline expectations of what i expect to happen, market context, setup, entry and trade management, end of day trading analysis, and finally market change analysis.

toucan
 
You must log in or register to reply here.
Back
Top