perfect.
i could not agree more and you have summarized it beautifully.
i tried saying the same thing many times but it was not paraphrased so nicely
easiest money in my life
- Thread starter padutrader
- Start date
i could not agree more and you have summarized it beautifully.
i tried saying the same thing many times but it was not paraphrased so nicely
if you trade small then you are effectively increasing your account size.
i trade 1 mes and i do not lose much but i still lose so i have no edge
"just click" is not coaching.
incidentally i have done that for decade.
it works well but when you lose you have no clue you are wrong because you have no clue why you got into the trade.
so you do not close and you lose big.
so SML showing green so some time is not impressive because i have done that through out my career and you can do that without an edge.
no edge no consistency and no survival.
that is why i am trying to find two technical reasons to enter a trade.
one of the most important rules of TA is that uptrend does not end until the last high that was made is tested and and a lower high is confirmed.
similarly a bear dos not end until a higher low is confirmed.
Brooks has expanded this rule to include DT and higher highs.
so he says a test may be lower high ,DT or even a higher high..... but not a much higher high. meaning if the breakout above the high is very strong then that the test has failed.
of course once a bear/bull is confirmed, on the next bar, the market may confirm the opposite, but you have to trade the present ,what is happening...
you do get whipsawed but i think that is just the cost of being in business, in trading. that is what i think.
and if you find a way not to get whipsawed you are King.
however just knowing that the trend is changed, what the PRESENT trend is, is huge. and empowers you to make trading decisions in synch with the trend and that is all any trader tries to do , can do.
similarly a bear dos not end until a higher low is confirmed.
Brooks has expanded this rule to include DT and higher highs.
so he says a test may be lower high ,DT or even a higher high..... but not a much higher high. meaning if the breakout above the high is very strong then that the test has failed.
of course once a bear/bull is confirmed, on the next bar, the market may confirm the opposite, but you have to trade the present ,what is happening...
you do get whipsawed but i think that is just the cost of being in business, in trading. that is what i think.
and if you find a way not to get whipsawed you are King.
however just knowing that the trend is changed, what the PRESENT trend is, is huge. and empowers you to make trading decisions in synch with the trend and that is all any trader tries to do , can do.
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Hello semperfrosty,
Do this for me please.
Questions:
1. Where do I get trading knowledge from?
2. Please tell me where to get trading knowledge from?
3. Please provide me with trading knowledge?
And when you tell me, I want you to prove to me without a shadow of doubt and certainty that the trading knowledge you provide me has documented +1 years of real time trading results in the ES futures market?
Thank you,
that assumes i have something in my head to light up.
thank you for that.
i was pretty sure i dont ....have something
Hello semperfrosty,
The light bulb goes off when I stop trading for the day and the PNL text is green.
Hello semperfrosty,
Fuck knowledge and fuck power.
I trade to make money ONLY. Not to gain knowledge and power.
Trading knowledge is a LIE, because you can not prove the trading knowledge you seek is TRUTH.