frustrating Friday

E

Eddiemorra

Bad day yesterday.
I was mainly taking shorts but lost over 20 ES points! ouch!

arrowss entry (green long, red short) dots are exits
 

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charts, TA, PA etc will never make someone consistent money.
It's the same as using the lucky number board at a casino to make money at roulette.
There's no edge
 
barcadia said:
charts, TA, PA etc will never make someone consistent money.
It's the same as using the lucky number board at a casino to make money at roulette.
There's no edge
More...

If not charts, TA, or PA, then what would it be in your opinion?

What would you consider to have an edge?
 
barcadia said:
charts, TA, PA etc will never make someone consistent money.
It's the same as using the lucky number board at a casino to make money at roulette.
There's no edge
More...

I remember when you first arrived at this forum...several users immediately notice your misuse and inaccurate analysis via TA and PA. Further, you were advise to learn the stuff properly by several other members prior to doing any backtesting and prior to any actual trading.

Later, others members showed up and sarcastically said via what you were doing...you'll soon join the ranks of those that say it doesn't work. Guess what...you should have listen and welcome to the ranks of those that couldn't find a way for it to work.

P.S. I myself gave you specific advice to not use TA or PA by itself after I realized you didn't have a complete trading plan after you seem (hinted) that you did not have a complete trading plan. Other ET members gave similar like advice. Currently, ET has 3 other members like you...one by the name of Cashclay.

I just find it so ironic folks like you come to this forum asking for advise but as soon as someone tells you you're not ready...you guys ignore it and dive right into real trading.
 
Eddiemorra said:
Bad day yesterday.
I was mainly taking shorts but lost over 20 ES points! ouch!

arrowss entry (green long, red short) dots are exits
More...

Doesn't seem like you're asking for advice considering you gave no information (specific details) about a trade method and you posed no questions.

I will assume you're just venting.

I wish you better trading...usually not fun to trade against the trend and not fun to get losing trades that were in the same direction of a trend day. The latter hurts the most.

Once, again, wish you better trading and there will be another day like Friday around the corner especially with the China and Greece fiasco still ongoing and what seems that a few other countries will soon be in the same situation. Yeah, things looks to get worst...globally.
 
wrbtrader said:
I remember when you first arrived at this forum...several users immediately notice your misuse and inaccurate analysis via TA and PA. Further, you were advise to learn the stuff properly by several other members prior to doing any backtesting and prior to any actual trading.

Later, others members showed up and sarcastically said via what you were doing...you'll soon join the ranks of those that say it doesn't work. Guess what...you should have listen and welcome to the ranks of those that couldn't find a way for it to work.

P.S. I myself gave you specific advice to not use TA or PA by itself after I realized you didn't have a complete trading plan after you seem (hinted) that you did not have a complete trading plan. Other ET members gave similar like advice. Currently, ET has 3 other members like you...one by the name of Cashclay.

I just find it so ironic folks like you come to this forum asking for advise but as soon as someone tells you you're not ready...you guys ignore it and dive right into real trading.
More...

Not you again! lol
I put you in the same category as DB and a few other hindsight gurus/ 'talkers' and honestly don't care for your 'advice', lol.

I am doing very well now and have moved way beyond bunnies in the clouds! ;)
 
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