ES Journal Archive (2011)
- Thread starter Buy1Sell2
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What can you learn from paper or actual posted trades here?
First of all, there is no way for you or anyone to tell what is fake or real unless the results with timestamps are posted in the P&L thread here or somewhere else on the web. Posting naked trade calls in some website thread where time lags and posts can be erased inside of 30 minutes hindsight is not exactly verified proof.
Secondly, what can you learn from naked "trade" posts that give entry and exit with no logic or explanation? What can you take away from that and apply on your own in real time with structured results?
Without any attempts to explain, without anyone saying, "I'm long/short here because of this, that and the other thing" over and over with consistency, what can be duplicated by you in your own trading accounts?
Blind posting of trade calls and nothing else with it is merely an ego-boosting circle jerk for the poster. It provides nor offers anything else other than self-demonstration. Fine for the cheap entertainment and definitely worth the price of admission to watch. Which is nothing, in both cases
To learn? Well, not much. But you can make money by backing up good calls (or reversing bad ones). I agree it is like giving fish to the hungry, instead of teaching them how to fish, but still better than nothing.
Although we can't learn the strategy itself, we can see the approach, that for example 1-2 well placed trades a day are much better than jumping in and out all day....
So there is some value, you just have to know how to use trades posted on an anonymous message board. And at least this is free....
My intention is not to be impolite, I'm usually doing several things at once including eating a sandwich lol, my replies tend to be brief.
Ammo, thanks for the offer of help with your charts in your pm.
This is a great thread but I think geared to longer timeframe than I like. Lots of good information here and nice helpful traders, great charts and so forth. I won't be posting anything more here because of this, and due to medical reasons.
I wish everyone the best and great success in your trading.
If you find yourself being right on the overall direction of the market, but consistently stopped out of your trades on 2-3 point stops, your problem is one of execution, right?
The next time you want to enter a long @ 1200 with a stop @ 1197, forget about it. Enter your buy limit around 1197 and see if you get filled there instead.
I`m serious. No joke. Try it and see what happens
Quote from austinp:
What can you learn from paper or actual posted trades here?
First of all, there is no way for you or anyone to tell what is fake or real unless the results with timestamps are posted in the P&L thread here or somewhere else on the web. Posting naked trade calls in some website thread where time lags and posts can be erased inside of 30 minutes hindsight is not exactly verified proof.
Secondly, what can you learn from naked "trade" posts that give entry and exit with no logic or explanation? What can you take away from that and apply on your own in real time with structured results?
Without any attempts to explain, without anyone saying, "I'm long/short here because of this, that and the other thing" over and over with consistency, what can be duplicated by you in your own trading accounts?
Blind posting of trade calls and nothing else with it is merely an ego-boosting circle jerk for the poster. It provides nor offers anything else other than self-demonstration. Fine for the cheap entertainment and definitely worth the price of admission to watch. Which is nothing, in both cases
Well, just asking an innocent question I thought.
Guess I must have touched a nerve.
I'll leave you folks to your own devices.
Quote from austinp:
I am and likewise wish you (and everyone) nothing but the same
In 1999 - 2002 the mantra was indicators for trading. But I actually began my career then with nothing other than horizontal and vertical trendlines. Funny how one comes full circle over time, with a balance of price-action filtered in the end
In the words of Dizzy Gillespie: "Learn all your scales, then forget them". I think what successful traders eventually learn is to trade against the disbelief of others. That extra push is what opens up your P&L.
Markets are only irrational in the minds of traders who think that the easy path is what's obvious (there's no way it can go higher, there's no way it can go lower etc...)
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