hmm.no edges in the markets
- Thread starter chimera
- Start date
Thinking logically AND critically is absolutely necessary â our actions must be objective and mechanical to the absolute extent weâre able
See the shit on a chartâ¦, act upon the shit on a chartâ¦., remain well removed from the shit on a chart
Size loss;
Obviously small â and youâll need to define small as only you know your situation
Plus â you want to survive â I assume, and it may be necessary to take multiple losses in a row
Reams have been written about risk management â become well versed in it â because managing risk is the only thing thatâll keep you alive
Better still, get on SIM and trade till you figure this crap out
Stop;
Where each trade fails
Basic set up;
Sit your ass down in front of your chart and find one
BS/ frustration;
Then filter out the unnecessary and focus on what you need â which is obviously the only thing that matters â to you
Going nowhere;
I can damn well guarantee it â if you allow it
Sitting and listening is great â when tradingâ¦.
Learning to trade is not a spectator sport by any stretch
RN
Then toughen up
Every flippin day..., mr mkt;
Shows me how stupid I am, and how much I don't know
Shows me I am wrong
Insists I stick my ego and opinion up my ass
Punishes me unmercifully - if I allow it
Takes all my money, and more - if I allow it
Dictates I do exactly as it commands
Extracts emotional capital - to the extent I alllow
And you think someone's words are a big deal???
I could give a shit what my opinion is, much less anyone elses
gtfo
RN
Those posting real-time trades or before the fact signal calls are there for your benefit. Simply, they are doing such for themselves for documentation as a journal and not for education purposes.
That may be why you can't get answers when you ask questions to those posting real-time trades in the journal section of ET...they are not there to educate you or anyone else.
Further, some (not all) of them do show broker statements but you would already know such if you've been hanging out in the ET's journal section.
If you're referring to the ESjournal, then i'm aware of it.
However, with all due respect, you won't see a worse bunch of calls.
Everyday it's just people getting murdered trying to short the ES, which pretty much always marches on up.
I don't really expect any of the apparent gurus to share their methods. Nobody ever shares anything of use, and I guess it's to be expected.
Would still like to watch the same traders making consistently good calls in REALTIME though, if only for inspiration/
I'm not referring to the ES Journal. There's many other journals in the journal section where traders are posting real-time calls or before the fact signal calls. Anyways, I just took a quick look in the journal section and found these real-time journals or before the fact journals:
RM's occasional market calls @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=210020 (journal that's active and started in 2010 near the top of the active list)
Ztradez - Trade Journal - 2013 @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=276553 (new journal and not profitable but looks promising)
EUR/USD and ES journal @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=276345 (new journal and profitable)
Investing Journal - T2S @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=223871 (not sure why he calls it investing when it seems to have a position trading or long term trade mentality to it...yet profitable)
Pair Trading Strategy Journal @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=134253
There's dozens more in the journal section. My point is this, folks do post real-time trades or before the fact calls. Most don't have the time to educate the readers or do not want to educate their readers about their methods beyond just some basic market generalities. That's their choice and such should be respected by us.
Thus, maybe there's a misunderstanding on my part about what you meant when you say you want to "watch the same traders making consistently good calls in REALTIME".
It's starting to seem like you know there are traders posting real-time trades. In contrast, you're talking about others (those you're not naming) that don't post real-time calls like others that do post real-time calls and they don't do such via whatever trading instrument you want to see them post about...am I right about what you're trying to say.
Well, I know that there are journals with real time calls.
However, a forum isn't the best medium for those calls. They're often open to scrutiny.
A chat room would be much better.
And yes, in that chatroom, i'd really want to see those posters who are generally looked upon as the gurus (whether they like that term or not!)
And yes, they've been unamed by me thus far, but to anyone who's spent more than a few months here, it shuld be obvious.
Also, it's not supposed to be a dig at them gurus at all!
I'm not saying that I think that they'd fall flat on their face if they had to post calls before the fact; Simply that I think it would be interesting to watch how various profitable traders tackle the markets in real time.
Hope that's clearer
However, a forum isn't the best medium for those calls. They're often open to scrutiny.
A chat room would be much better.
And yes, in that chatroom, i'd really want to see those posters who are generally looked upon as the gurus (whether they like that term or not!)
And yes, they've been unamed by me thus far, but to anyone who's spent more than a few months here, it shuld be obvious.
Also, it's not supposed to be a dig at them gurus at all!
I'm not saying that I think that they'd fall flat on their face if they had to post calls before the fact; Simply that I think it would be interesting to watch how various profitable traders tackle the markets in real time.
Hope that's clearer