Either it's 1 or 0...

[J_Smith]

I am still waiting for your answers on what 0,1 and -1 are.
I am not experienced enough to grasp them, so please.

What do you think they are, if price can but do 3 things!

Never depend on anyone else during your life, accept that your results are due to your actions, which, are due to the way you think.

How you think is of extreme importance, and even more so when it comes to trading.

If you rely on others, you are not in control.

Take control of your own finances, and tell everyone else to F.OFF, you are not getting a cent of my hard earned money.

If you want a real hint, learn how to use Excel, as it will do more for your trading than any stupid book or course out there.

Know that 5% risk per trade will only allow you 20 trades before you go bust, and if you think you will become proficient at trading, with just 20 trades, then you really should not be throwing away money, best to give it to the wife to get her hair done every week, and buy some sexy underwear!

J_S

 

[Mysteron]

Up or down .. No in-between.

I don't grasp what J_S is on about apart from counting is good

 

[J_Smith]

I don't grasp what J_S is on about apart from counting is good

View attachment 163249

Anyone can count, if not they just need a little help from The Count

I joined the discussion, to show that it is not just about 0 or 1, but all about 0, 1 and -1!

If you can count, then why would you not want to count, as counting shows the difference between numbers, and if there is a difference between numbers, there has to be a reason, and if there is a reason, then we can apply reasoning to deduce the most probable outcome.

Never underestimate the power of Sesame Street, and especially The Count

J_S

 

[J_Smith]

this might help some

they call me prick..and some say thick
but matter not..even if i swot
but know you this..i not take piss
for what i write..is not pure shite

to see like me..be buzy bee
work hard each day..thru fields of hay
seek out best scent..to count the cent
and hive will grow..as rightly so

Ion did say..General today
command the men..with naut but pen
Socrates did show..what Ion know
to all amuse..Ion but muse

to look at more..think of the lore
for what they know..is but a show
to see thru ink..you must right think
and not get tired..from being inspired

to find what true..must question you
for way of thought..in error fraught
to see the why..must use your eye
for past tells all..why most stay small

so when you ask..what is the task
of three we speak..the digits meek
but as we just..say words of trust
the truth it be..not make money

to fill the hive..you must stay live
as mock is just..way to go bust
but when you crawl..be sure stay small
if not you find..not one of kind

so this more riddle..or it gold fiddle
the devil play..mean song today
but if you know..how string the bow
he burn in hell..while you sweet smell

J_S

 

[victorycountry]

this might help some

they call me prick..and some say thick
but matter not..even if i swot
but know you this..i not take piss
for what i write..is not pure shite

to see like me..be buzy bee
work hard each day..thru fields of hay
seek out best scent..to count the cent
and hive will grow..as rightly so

Ion did say..General today
command the men..with naut but pen
Socrates did show..what Ion know
to all amuse..Ion but muse

to look at more..think of the lore
for what they know..is but a show
to see thru ink..you must right think
and not get tired..from being inspired

to find what true..must question you
for way of thought..in error fraught
to see the why..must use your eye
for past tells all..why most stay small

so when you ask..what is the task
of three we speak..the digits meek
but as we just..say words of trust
the truth it be..not make money

to fill the hive..you must stay live
as mock is just..way to go bust
but when you crawl..be sure stay small
if not you find..not one of kind

so this more riddle..or it gold fiddle
the devil play..mean song today
but if you know..how string the bow
he burn in hell..while you sweet smell

J_S

You write nice poem like DBpheniox and
you say like Jack Heysey ...

I take into account

Round numbers
moving average levels
volume dryup and peaks
demand and supply
price action ...

but these counting I have never seen...
so I have searched for old threads that have discussed counting
I find out there are traders who counts market cycle.

maybe this will improve my trading performance and market knowledge.
thank you JS for sharing your knowledge.

 

[J_Smith]

You write nice poem like DBpheniox and
you say like Jack Heysey ...

I take into account

Round numbers
moving average levels
volume dryup and peaks
demand and supply
price action ...

but these counting I have never seen...
so I have searched for old threads that have discussed counting
I find out there are traders who counts market cycle.

maybe this will improve my trading performance and market knowledge.
thank you JS for sharing your knowledge.

I do not think much of both you mention, as, one is a salesman, and the other a dim wit.

If you want to get into cycles, best to stick to commodities, as there are some that are pure supply and demand, and are affected by seasonal changes, or, cycles.

For daytrading stocks, it is much better to concentrate on time, as the big fat arse bastards that control the money flow, are really lazy bastards, and if you care to follow their habits, you can play the odds better.

It is no rocket science, but you do need to have a very clear head, and stop day dreaming!

J_S

 

[Handle123]

...

Know that 5% risk per trade will only allow you 20 trades before you go bust, and if you think you will become proficient at trading, with just 20 trades, then you really should not be throwing away money...

J_S

Just realize there been twice in my life where I have had 23 losing in a row streaks, once when trading multiple markets/not using hedges and once trading Crude Oil/using hedges. Both times on 24th trade, not only huge winner but wiped out all the losses and gave me 200% plus gain of all the losses. Crude Oil profits has been the largest amount and Coffee second, both times were short. I had never risk more than 2% either time. Risking small I believe in more healthy way to trade in several ways, it forces trader to get in at best price cause ever ticks matters, and learn hedging can get risk to even lower than 2%.

But when you do 5%, it not the same amount each trade cause you doing 5% of what is in account today, so you don't really have 20 trades, have many more than 20 trades, but you will deplete account much faster. Take it from traders who been trading very long time, 2% sounds little but it will save you from wiping out. In the beginning, most lose their accounts as they risk too much and didn't do nowhere near enough back testing.

 

[J_Smith]

I had 85 winning trades in a row, all selling puts on FTSE 100 Index, and some were multiple contracts.

Unfortunately, when the black swan arrived in Aug 2007, I was just after getting greedy, and had 13 positions open, some with multiple contracts.

I gave a good bit back, but only because I did not fully understand what I was doing, which I learned after the black swan went back home.

Overtrading was what caused me to panic, but not knowing fully what I was doing was the reason I gave so much back.

I could have easily waited and saved about $15k at the time, within 2-3 days, and, I could even had adjusted positions so that I would not have lost any money, and actually made some profit!

J_S