Can price predict it's own future?

Drawdown Addict said:
Just so we are all aware:

- I am not a profitable trader, I am breaking almost even after 3 years. We could say that I am recovering loses from the first 2 years, but still don't consider myself a profitable trader.
- I trade micros because I don't have enough to trade minis. I have only 150K in my account and I want to have enough in case there is a big move against me.

I did not get your point entirely but there it goes mine
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Sorry,didnt see this.

:thumbsup:
 
rb7 said:
How come so many 'profitable' traders here trade so small position?
Do they spend all theirs small profits as soon as they close a profitable position?
I mean, if you make money, at one point, your position will increase!
Seems that it's not the case as many trade a couple of micros at a time....
And the only reason trading micros over minis is the lack of AUM.

I don't know. Maybe it's just me...;)
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%%
LOL your post was so hedged ; cant really argue with it.:D:D
Not sure many profitable traders would let us know what they did ,much or not much;
but i dont do micro, or a '' fine line'' so you maybe right:caution:
 
SimpleMeLike said:
Hello M.W,

Great conversation.

I believe everything I said, and I mean everything I said times 1000 more times of me believing everything I said , with that being said 1000 times in less than a 1 second. That is how much I believe what I just I said.

I don't want to know a DAMN DAMN thing on earth about anything on trading unless it's coming from these 3 sources directly in my face.

1. My 3 minute chart with NOTHING on it but price and bars. Price TA.

2. Trading theory/method with a 3rd party audit equity curve proving it's not a Lie like https://kinfo.com/leaderboard/profit or Ninjatrader live trading records for 1 year.

3. Paying this guy on kinkfo some money to teach me his trading method/theory/whatever. Especially this guy here https://kinfo.com/portfolio/19094/performance This guy is the best trader I know in the world.

If it's not those 3 things, I can care less about it and I do NOT want to hear or read about it and if you talking to me about it, you wasting your precious time and probably scamming and bullshitting. And no I am not reading no damn trading books and damn sure not back testing a damn thing.

I just stick to Price TA like @Scataphagos and my good buddy @volpri has been saying and use a stop loss I feel good about and keep taking my best guess.
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If it was evident that would you have more success on an 30 minute chart.Would you still use your 3 minute chart for the 'action'.Serious question and I guess I am asking if you are addicted to chart movement rather than making money.

Also,while I have you,could you direct me to Volpris threads? I havent seen his name around for a while.What would say are the biggest differences between he and Scat?
 
rb7 said:
How come so many 'profitable' traders here trade so small position?
Do they spend all theirs small profits as soon as they close a profitable position?
I mean, if you make money, at one point, your position will increase!
Seems that it's not the case as many trade a couple of micros at a time....
And the only reason trading micros over minis is the lack of AUM.

I don't know. Maybe it's just me...;)
More...
Good Morning rb7,

Thank you for this question.

For me, I trade 2 ES contract because I am trying to scale from 1ES contract to 100ES contract. It is not that I do not have the money to trade 100 ES contracts, but lack the confidence (need to prove it to myself first) right now in my trading. Yes, i would love to just from 1ES contract to 100ES contract right now, buttttttttttttttt hmmmmmmmmmm tempting.....hmmmmm trust me I do think about it. I struggle with that decision a bit actually. So, I just stay small and work my way up.
 
semperfrosty said:
If it was evident that would you have more success on an 30 minute chart.Would you still use your 3 minute chart for the 'action'.Serious question and I guess I am asking if you are addicted to chart movement rather than making money. I work full time job, so I do not have time or patience to wait on 30 minute bars. I like small time frame charts, so I can make fast decision and fast money.

Also,while I have you,could you direct me to Volpris threads? I havent seen his name around for a while.What would say are the biggest differences between he and Scat? Both provide FREE less time sensitive easy ways to make money trader for individual trader at home regarding just price alone. There is no difference. Volpri has a thread journal that may be helpful for you. I l like @Scataphagos because he keeps it simple and says just focus on Price TA. He does not charge us money for his free knowledge, very helpful. I like @volpri because he keeps it simple and says just focus on Price Action. He does not charge us money for his free knowledge, very helpful. And what he say helps the individual trader and keeps us from wasting soo much time and money going down 50 rabbit holes buying 100 trading courses and reading books. lets face it, us retail trader can not be trying every trading theory and trading method in the world, we be 90 years old and stressed out, and be scammed out of some much money. People in this trading business is always trying to steal money from us retail traders.
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Hello semperfrosty,

Thank you for the question. I responded in Red
 
Drawdown Addict said:
Just so we are all aware:

- I am not a profitable trader, I am breaking almost even after 3 years. We could say that I am recovering loses from the first 2 years, but still don't consider myself a profitable trader.
- I trade micros because I don't have enough to trade minis. I have only 150K in my account and I want to have enough in case there is a big move against me.

I did not get your point entirely but there it goes mine
More...
%%
Congrats on your honesty.
I seldom say something like this, but i never considered drawdoWns an enemy; even though i dont want deep drawdoWns on all my stuff.
Looks like with even smaller trading sometimes like a cash markets you were profitable /even if its not as thrilling\fun. And thats why i seldom note this.
I dont mind a big move against me/ as long as i have or have good chance for a bigger trend in my favor.............................................................
 
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