Dammm

the_dude · Jan 30, 2002

Originally posted by trader99

I guess one way around it is to REDUCE the # of trades I do a day that way I'm FORCED to take only really really GOOD setups.

If it were only that easy.

Face it, if you actually knew what worked and what didn't, you wouldn't ever take the sub-par trades. The fact is that taking the bad trades and getting stopped out is your cost of doing business, like owning a store and paying rent, wages, etc.

Just an observation...

easyrider · Jan 30, 2002

Protrader:

You got busted pure and simple. Why dont you just admit it.

Trader9x · Jan 30, 2002

Originally posted by easyrider
Protrader:

You got busted pure and simple. Why dont you just admit it.

LOL It kills me to see how some people are so insecure they need to trade in retrospect to get acceptance or admiration from their peers. You'll encounter this 'syndrome' much more often on Yahoo /cnbc boards. Classic.

Then again it could have been done to provide inspiration to all aspiring traders to show them 'it can be done'.

trader99 · Jan 30, 2002

the_dude:

No, it's not like that. There are certain looks technical patterns that works more often than others.

And I shouldn't take a shot at something that doesn't work as well.

It's all about odds. Of course, no one is 100% sure of anything in the market. We only work with odds...

that's all,

trader99

trade555 · Jan 30, 2002

Its not about odds its about the tape and fundamentals. If you are trading off of odds you are probity better learning to play black jack or poker as a lot of traders do on the side. A average pro blackjack player makes 40 k a year. That's pretty good for some simple math skills.

trade555 · Jan 30, 2002

Hey look i'm a senor member now.

trade555 · Jan 30, 2002

Don't how I did today because I bought TYC at about 3 pm and am holding it overnight. Now it's time to pray for a upgrade.

trade555 · Jan 30, 2002

what happened to know

NeoTheGeo · Jan 30, 2002

Originally posted by Shorteee
Just remember it's the .4-.6 losses that are the killers.

But remember 1999 when it was the 4-6 losses that were the killers.....notice I removed the decimal point.

.4-.6 was a newbie's wiggle room back in those days. Oh my.

trader99 · Jan 31, 2002

trader555 wrote: "Its not about odds its about the tape and fundamentals. If you are trading off of odds you are probity better learning to play black jack or poker as a lot of traders do on the side. A average pro blackjack player makes 40 k a year. That's pretty good for some simple math skills."

Hmm... Short-term trading is about odds. Long-term investing is about fundamentals. Some, technical setups have better chance of success than others.

trader99