cover 80.50
S80.50
here comes the real pain
ES Journal - 2012
- Thread starter Buy1Sell2
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cover 80.50
S80.50
here comes the real pain
Will anyone's opinion really change what the market is going to do? There are many more opinions being executed through buying and selling and that is reflected in the price.
I don't think reinforcement of your hopes is healthy and I don't think a critique of one simple swing trade (while in effect) is productive.
My apologies if it is very important to you Josh.
I may have to clarify and say that it was in no way meant condescending to anyone who is posting here. I know there are many great and intelligent traders posting here that I owe a lot. I respect anyone who puts forth their opinion and post trades and risks bruising their ego, which can often hurt more than losing money.
I basically don`t believe in trading on tips from anyone, whether they are anonymous or well known with a good track record. All the times I`ve traded on a tip, I`ve been punished for it and the tip may have been from guys that I personally respect a lot. A suckers play gets sucker pay, as Livermore said.
I just think that trading on tips is in direct contradiction with everything that is needed to be a successful trader. It is of course perfectly fine in the learning phase, but not with live money and certainly not with intraday trading.
My humble opinion as always.
Quote from Laissez Faire:
I just think that trading on tips is in direct contradiction with everything that is needed to be a successful trader. It is of course perfectly fine in the learning phase, but not with live money and certainly not with intraday trading.
My humble opinion as always
Bingo. Without an edge, I don't see how it is possible to be responsible and therefore successful.
My $.02 as well.
Thanks LF
No not at all, very good points. Often times this is such a solitary thing that we do that I'm sitting here thinking, "I wonder what others are seeing here?" If I'm seeing a good long, I wonder what others see? Maybe just human nature, and I'll get past that eventually I know. But I know this intellectually; doesn't really matter what anyone thinks except the ones who are about to collectively push the button and make the market go. And those people aren't saying what they're about to do online somewhere I'm pretty sure
Great point about seeing what others are thinking through the chart. This is kind of obvious but I needed that reminder. That's pretty much what caused me to take the trade and stay in it but great perspective.
very good. Best advice i've read in awhile
Agree LF and as my last post indicates, it's more of a curiosity and a bit of a sanity check when I was in tune earlier, but then got out of tune later. Kind of like, "am I the only idiot thinking xyz..."? I do not ever take a trade on someone else's recommendation, and I would not exit either, but there are good people on here whose opinion I respect, and I figure that if I'm going to pick brains, I might as well do it when it matters (in the heat of battle).
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