As a trader what are you trying to do?

[sridhga]

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.

Those questions are not for the purposes of me seeking information from him. Nor, they are to prove if he is a scammer or, real deal or, whatever.

If one answers those questions, one is can be on one's way to become rich. I went through the process. There are inherent thought process triggers in there.

 

[steve42]

I have learned in 45 years, if you don't spend time with STATS, going to take a long time to profit regardless of timeframe.

Sounds too simple "Buy low, Sell high", I spent ten years learning how. What BLSH really means to me is risk gets lower, expect larger losing percentages and have to target larger profits.

What goes up is way different when coming down, have to treat each differently. More false signals in bull markets and larger profits in downtrend.

Trading is a game of risk, once you overcome, then better profits possible.

Absolutely

 

[steve42]

How do you know your profits come from your stats and not from your intuition, since I assume you also have an eyeball on the chart regardless of the stats ?

Read fooled by randomness by Nicholas Taleb I shall not repeat his arguments here he did a good enough job there

 

[jokepie]

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

AS A TRADER your GOAL is to Capture "PRICE MOVEMENT" (Thats It, Full Stop)

 

[padutrader]

AS A TRADER your GOAL is to Capture "PRICE MOVEMENT" (Thats It, Full Stop)

you are here since 2010 how come this post is the first i have come across?

it is nice that you have found your way. i am finally on right track after 30 years.
i am sharing my experience with others to help them understand what it is about.

you could be more active in doing so and we could start a thread together to help others. let me know what you think.

 

[BuzzTrader]

Read fooled by randomness by Nicholas Taleb I shall not repeat his arguments here he did a good enough job there

If you wake up on Monday and start up your system, and close the system on Friday and you have a proven trackrecord of doing this over the years, just by pressing 2 buttons a week, Start and Stop. Then it is a closed loop system. If you do anything other than that, you do not know where your profits comes from and it is all equivalent to basic TA.

 

[steve42]

If you wake up on Monday and start up your system, and close the system on Friday and you have a proven trackrecord of doing this over the years, just by pressing 2 buttons a week, Start and Stop. Then it is a closed loop system. If you do anything other than that, you do not know where your profits comes from and it is all equivalent to basic TA.

No it's not you fool but tell yourself that to make an excuse for your pitiful lack of knowledge

 

[BuzzTrader]

No it's not you fool but tell yourself that to make an excuse for your pitiful lack of knowledge

Stop calling me a fool oldy.

 

[steve42]

Stop calling me a fool oldy.

Stop telling me what to do. If you didn't make it in a statements I wouldn't be forced to call you out on it it's obvious that you're insecurity to your lack of ability to apply advanced techniques and we're hoping to bring someone else down to your very low level. My super model girlfriend doesn't have a problem with me being 20 years older than her . Buzz trader huh what do you do drink a six pack of Pabst Blue ribbon before you wake up and stare at charts all day like an idiot

 

[steve42]

If you wake up on Monday and start up your system, and close the system on Friday and you have a proven trackrecord of doing this over the years, just by pressing 2 buttons a week, Start and Stop. Then it is a closed loop system. If you do anything other than that, you do not know where your profits comes from and it is all equivalent to basic TA.

Your statement is literally so stupid it doesn't deserve nothing besides an insult. If you could read what you said you would realize to share idiocy of it and so would any other person who is minimally educated