Quote from ProfitTakgFool:
Alright guys, I'm posting my fills for the day with a lot of stuff removed. I don't want to give everything away
Where on this chart did I try to "catch a move?" Nowhere. If you stop trading patterns, stop looking for trends, and just trade on hard facts you'll do much better. Most traders try to "catch a move." Doing that converts you from a trader to a forecaster, or a predictor. It means you become a bull or a bear. You "think" or "want" the market to do something. If you wait until the actual move does occur, and ENDS, you are now trading on hard, cold facts. You know the move has occurred. There is no guessing, no hoping, no nothing. You just fade it. Buy what everyone else is selling and sell what everyone else is buying.
There are times you won't have perfect timing. Don't put your entire line on the trade with 1 trigger. You can scale into a trade if the first trigger doesn't work. Take a partial when the market offers it to you.
I nailed every trade today except the last 2. The one circled....I had to leave so I just had to get out, +.25. It hit my target. The last one...I just got back and scalped a quick 3 ticks. The rest of 'em were pretty good.
I ain't the perfect trader -- that guy ain't out there. But if you can remove the guesswork from your job you will be light years ahead of the crowd. No guessing or "catching" anything here and it netted me 17.25.
Fade what everyone else is doing when the price gets to extreme levels. Take profits like a fool and forget the rest. You don't have to catch any kind of a move to make money. Leave that guesswork to the rest of the crowd. Just fade what they do. And yes, the market is dead F'n random. I win based on that assumption every single day.
Quote from ProfitTakgFool:
Alright guys, I'm posting my fills for the day with a lot of stuff removed. I don't want to give everything away
Where on this chart did I try to "catch a move?" Nowhere. If you stop trading patterns, stop looking for trends, and just trade on hard facts you'll do much better. Most traders try to "catch a move." Doing that converts you from a trader to a forecaster, or a predictor. It means you become a bull or a bear. You "think" or "want" the market to do something. If you wait until the actual move does occur, and ENDS, you are now trading on hard, cold facts. You know the move has occurred. There is no guessing, no hoping, no nothing. You just fade it. Buy what everyone else is selling and sell what everyone else is buying.
There are times you won't have perfect timing. Don't put your entire line on the trade with 1 trigger. You can scale into a trade if the first trigger doesn't work. Take a partial when the market offers it to you.
I nailed every trade today except the last 2. The one circled....I had to leave so I just had to get out, +.25. It hit my target. The last one...I just got back and scalped a quick 3 ticks. The rest of 'em were pretty good.
I ain't the perfect trader -- that guy ain't out there. But if you can remove the guesswork from your job you will be light years ahead of the crowd. No guessing or "catching" anything here and it netted me 17.25.
Fade what everyone else is doing when the price gets to extreme levels. Take profits like a fool and forget the rest. You don't have to catch any kind of a move to make money. Leave that guesswork to the rest of the crowd. Just fade what they do. And yes, the market is dead F'n random. I win based on that assumption every single day.
