Hello everyone hope your all well. Does anyone have any resources or books to learn TPO effectively.

Overnight said:
You are a fool for believing that. The problem is, you have been developing your system over how ever many years, based on the market action you have observed. That is going to change so fast, and catch you off-guard so quickly, that you will be scrambling to figure out what went wrong. And you will quickly find that it is not that you were wrong, but that the market f**ed you at the drive-thru.

Want proof? Trade right now, live. Stop waiting for the most violent times in the market during Q4. Trade it RIGHT NOW!
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“Everyone has a plan until they get punched in the mouth.”
“No plan survives first contact with the enemy”

~Mike Tyson
 
Overnight said:
You are a fool for believing that. The problem is, you have been developing your system over how ever many years, based on the market action you have observed. That is going to change so fast, and catch you off-guard so quickly, that you will be scrambling to figure out what went wrong. And you will quickly find that it is not that you were wrong, but that the market f**ed you at the drive-thru.

Want proof? Trade right now, live. Stop waiting for the most violent times in the market during Q4. Trade it RIGHT NOW!
More...
Hello Overnight,

Only bet when you know you will win consistently year to year for the next X-XX years.

Just going for it or just trade right now is why traders lose so much money.
 
SimpleMeLike said:
Only bet when you know you will win consistently year to year
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Sounds like you're waiting for a guaranteed market test, solution, formula -- That will never happen.
A trader can ace two paper test accounts, but fail completely in two real live accounts, and/or vice versa.
That's the reality of the market environment and trader.

Trading is similar to flirting and dating....you have to take your chance, win or lose. And take it from there,
You need to remove those over-analyzing Eyeglasses of yours....and put on some action Sunglasses, Ya Heard
 
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MacBookProHo said:
Sounds like you're waiting for a guaranteed market test, solution, formula -- That will never happen.
A trader can ace two paper test accounts, but fail completely in two real live accounts. That's the reality of the market.
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Hello MacBookProHo,

losses will come MacBookProHo, you know this already. Not all trades will be winners. There are no guarantees wins all the time.
 
SimpleMeLike said:
Hello Laissez Faire,

I agree with you 1000%

Only a FOOL loses his/her money trading. Only a FOOL thinks someone is going to show them in real time exactly how to make a lot of money trading.

Once I figured out those 2 sentence above, my trading life has been so much easier and simpler. I am now the teacher and the trader. I teach myself how to trade.

I been in paper/sim manual trading for 2 years straight and have no regrets. I will stay in paper/sim trading until I am ready to go live. I have two algos that is making money for the year. But my main focus is manual discretionary trading. I have not loss money trading yet.

As for me, I believe I am close to live consistently profitable trading. I still have some proving and work to do.

My method of trading is starring at the chart and make my best educated guess on price direction for 1 hour per day.
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There you are finally, admitting that you don't trade live.
All of those posts about ratios, backtesting, performances and algos are all related to a paper account.

I always thought that you speak too much and something sounded fishy on your posts, well, now everything makes sense.

You are a discretionary trader that sometimes play with computers.
 
angrytrader said:
There you are finally, admitting that you don't trade live.
All of those posts about ratios, backtesting, performances and algos are all related to a paper account.

I always thought that you speak too much and something sounded fishy on your posts, well, now everything makes sense.

You are a discretionary trader that sometimes play with computers.
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Hello angrytrader,

I am a honest open book @angrytrader , you can ask me any question on earth you like. I have nothing to hide at all.

Yes, I agree with your comments. I am SIM/Paper discretionary/guessing manual trader for about 3 years in a row so far.

I also trade 2 live (real money) algos.
 
Overnight said:
Nobody cares about the paper/sim crap!
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Good Morning Overnight,

Can you please explain why no-one cares about paper/sim? I will respect your answer and opinion.

I believe paper/sim trading is a marvelous business decision for a trader to consider to build confidence, trust, ability to recover drawdown in a timely manner, build skill set as a manual/discretionary trader before risking his/her business capital money. This trading business is challenging, and all the trading capital is needed in the future for when an edge or confident winning trading is discovery.

For example, if I had went straight live years ago, I would have lost a lot of money. Because of my discipline and waiting, I was able to take that trading capital and apply towards other investing opportunities and make money. I do not have alot of money, so paper/sim trading fits me. My business approach is: If I can not triple my sim account, I will not triple or double my live account. So I stay in sim to avoid big losses on my business money.

Overall, my trading business over the years is positive net gain. No losses. I think about +$9,000 over the years including the cost of trading courses, indicators, etc etc. My goal is to scale up the algos and definitely get live in my manual trading efforts and scale up. I believe manual trading can get me towards my goal of XX-XXX ES contracts faster than algo trading can.

Thanks,
 
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