stop bullshittingou gotta put that book down @padutrader and all that all stuff you be doing. Just make money
stop bullshittingou gotta put that book down @padutrader and all that all stuff you be doing. Just make money
WTF is that?You asked, so here is proof today.
that may be.I'll start: I am a loser because i Overtrade poor setups and suck badly at taking profits. And I am not making money because I am very prone to mistaking luck with skill.
start a journal why do not do that.Good Evening ironchef,
I never read Market Wizards and never ever will and have no clue on earth is Schwager is. And damn sure not reading Zen and the art of trading.
I do not know how I trade sir, I trade whatever I feel like doing whenever I feel like doing when the market is open and make money. I have no trading plan or trading method or any of that stuff. Risk management, discipline all that pie in the sky marketing bullshit being sold to other people. I do not believe in any of it.
I have no trading plan, no trading journal, no nothing, no trading method, no paper, no notes, no NOTHING. If I feel the instrument I am starring at will make profits, I enter buy or sell button. That is it. If I feel I am wrong, I exit for a loss.
Everything is based on what I see and how I feel about what I see.
That is it. I do not read trading books, I do not studying trading courses. I do not do anything of that waste of time stuff and damn sure I am not back testing nothing.
I stare at the chart and click buy and sell button and make money.
That is it. Nice and simple. Then I log off and go do other fun stuff with my time, like chat with you guys and play call of duty.
he only clicks and makes money.Read my previous post, carefully.
that is not fucking instinct.Until I think I'm in sync with the market again. Every market has a rhythm, and our job as traders is to get in sync with that rhythm
Although I don't buy his crap about trading by the seat of his pants (he's obviously lying), his mention about market rhythm is spot on.You trade like him:
From Schwager: The New Market Wizards:
Zen and the Art of Trading
I interviewed, an individual who had made several hundred million dollars in trading profits for his firm, to allow me to use the following excerpt anonymously, as I felt it offered an unusual and insightful perspective on trading.
==== I still don't understand your trading method. How could you make these huge sums of money by just watching the screen? ====
There was no system to it. It was nothing more than, "I think the market is going up, so I'm going to buy." "It's gone up enough, so I'm going to sell." It was completely impulsive. I didn't sit down and formulate any trading plan. I don't know where the intuition comes from, and there are times when it goes away.
==== How do yon recognize when it goes away? ====
When I'm wrong three times in a row, I call time out. Then I paper trade for a while.
==== For how long do you paper trade? ====
Until I think I'm in sync with the market again. Every market has a rhythm, and our job as traders is to get in sync with that rhythm. I'm not really trading when I'm doing those trades. There's trading being done, but I am not doing it.
That's all cool, I have no problem with that. But you should have the modicum of decency to STFU if you have nothing to contribut to this thread. AFAIK you've added no value here or elsewhere.Good Evening ironchef,
I never read Market Wizards and never ever will and have no clue on earth is Schwager is. And damn sure not reading Zen and the art of trading.
I do not know how I trade sir, I trade whatever I feel like doing whenever I feel like doing when the market is open and make money. I have no trading plan or trading method or any of that stuff. Risk management, discipline all that pie in the sky marketing bullshit being sold to other people. I do not believe in any of it.
I have no trading plan, no trading journal, no nothing, no trading method, no paper, no notes, no NOTHING. If I feel the instrument I am starring at will make profits, I enter buy or sell button. That is it. If I feel I am wrong, I exit for a loss.
Everything is based on what I see and how I feel about what I see.
That is it. I do not read trading books, I do not studying trading courses. I do not do anything of that waste of time stuff and damn sure I am not back testing nothing.
I stare at the chart and click buy and sell button and make money.
That is it. Nice and simple. Then I log off and go do other fun stuff with my time, like chat with you guys and play call of duty.
yes his toilet was out of order it was in repair so he had to shit somewhere.Although I don't buy his crap about trading by the seat of his pants (he's obviously lying), his mention about market rhythm is spot on.