Quote from version77:
frost. why do you even listen to this guy? He has been brow-beating
you through the whole thread...
You can put people on ignore if you want to...
BTW, JimmyJam, how old are you?
I'll keep this short v77.
I have advised frostengine on:
1. Correct margin size.
2. Effective psychology and the importance of discipline in trading.
3. The importance of paper trading for an extended period of time ... this way you get a good psychological "feel" for your system.
4. The importance of setting up and executing a rules based system.
5. The setup parameters for a basic Moving Average Retracement (Pullback trade), including the use of tick based candlesticks instead of time based candlesticks
(which for the record, just happens to be very similar to the "system" that he is using now).
6. Constant criticism to get FT to STOP GIVING HIS MONEY AWAY TO THE MARKETS!
7. Cogent observations on how to modify his trading bot so that he could let it run effectively when it enters a trade.
8. I even went so far as to give directional advisement, which only required by an automatic setup to enter a trade.
You on the other hand, give constant meaningless cheerleading and are the resident joke meister on ET ... you're either a very talented trader who has absolutely no interest in sharing anything of real value with other traders here on ET ... or you're a wannabe who aspires to being a
trader, hence the skulking on various threads, cracking jokes and making comments ... but giving nothing of value which is actionable
(because you don't have it to give).
My vote would be for the latter.
(Hell, I'd go so far as to say that at least 60% of your over 2,000 postings actually belong in the chit-chat room ... at least 60%)
***
But no worries, my last post confirmed that FT's kinda young, so he thinks he can go make or break in a year with pressure from an impending marriage(?) and trading in a time/tick size which is nothing but
NOISE!
Good luck to 'em. (It's unlikely that he'll be consistently successful while trading noise, because the price action is too random ... uh, that's enough free knowledge from me).
I didn't post in the afternoon, the one-sided nature of the exchange's on this thread have gotten to be kinda boring for me (so I went over to the S/R thread run by 4re and gave'em a heads-up on the long breakout).
While I (and everyone reading the thread) have certainly learned
a lot, mainly about what NOT TO DO IF YOU WANT TO BE A SUCCESSFUL TRADER.
I'll make my posts on threads where there is more of a give-and-take, instead of a take-and-don't use.
Bye,
Jimmy Jam
P.S. I'm 43 and in my third year of trading, it generally takes anywhere from 3-5 years in this game to get it right, if at all.