ES Journal Archive (2006 - 2008)

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Quote from Mins:

That's silly and you know it is. No trader has the emotional attachment to the market as machine does.

Buy1Sell2 whenever you mention these easy methods of trading i don't ever think you take into account of human emotions.

If you believe in that method so much then simply program it and check the results.
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This is not my method. I am just saying it works with the right stop out. Of course, the reason it would not work for most human traders is that the emotion kicks in. I have stated this before in this journal.
 
Mins,

It was an area where the market would likely bounce or continue down. I went short, he went long. Both of us had an equal chance imo. Imortant part was the risk/reward. I will take that trade (first pull back in a D/T) every time.
 
Quote from Buy1Sell2:

This is not my method. I am just saying it works with the right stop out. Of course, the reason it would not work for most human traders is that the emotion kicks in. I have stated this before in this journal.
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So we agree it does not work.

Please stop acting like trading is so easy and like shooting darts at a dartboard. If you did any back-testing you would realise 50/50 odds even with decent stop outs does not work.

Trading is difficult, no trader is a machine and we all handle losses differently.

Anyway, you have your views and i have mine. Lets agree to disagree.
 
Quote from Arnie:

Mins,

It was an area where the market would likely bounce or continue down. I went short, he went long. Both of us had an equal chance imo. Imortant part was the risk/reward. I will take that trade (first pull back in a D/T) every time.
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Equal chance wow - if you believe that then you might as well believe trading is random.

Does no-one employ tape reading or price action analysis here.
You must be watching different charts to the ones i am.
 
Quote from Mins:

Equal chance wow - if you believe that then you might as well believe trading is random.

Does no-one employ tape reading or price action analysis here.
You must be watching different charts to the ones i am.
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Why don't you post your trades?
 
Quote from Mins:

So we agree it does not work.

Please stop acting like trading is so easy and like shooting darts at a dartboard. If you did any back-testing you would realise 50/50 odds even with decent stop outs does not work.

Trading is difficult, no trader is a machine and we all handle losses differently.

Anyway, you have your views and i have mine. Lets agree to disagree.
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I do not agree that it does not work. It most certainly does work with the right stop out and the latitude to let the profit run. Throwing darts at a dartboard also works if the stop out is small enough compared to the profit potential. A trader only needs perhaps 20 to 30 percent winning percentages to be viable (perhaps even less)====Trading is very easy once you learn that the edge is in the management of risk. Entries only sweeten the pot a little. --Most traders have a need to be right all the time. I do not have that need.
 
Quote from Mins:

Wow so its okay for you too clown on others when they post losing trades.



But whatever, i am not here to claim i am a great trader - simply to inform other noobs that the way some trade here is crazy.
Did you have an edge with that particular trade??




.
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mins we have auto critique with our p/l so thanks but no thanks
 
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