Neither does anybody else. They both start out looking the same.
How can you tell when the trend is over?
- Thread starter mute9003
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Neither does anybody else. They both start out looking the same.
I don't agree. You cannot, don't generalize that to "anybody else". You don't know what other traders are able to do.
On november 6 I posted this when Baron bought BTC:
So to me it was clear that the upwards move was just a retracement and we would go lower again.
Watch the chart below and see what happened. We went from$20,926 on november 6 to below $16,000. So yes it is possible to see when the trend ends.
So you took one call and extrapolate it to where you make the conclusion it's possible to do this with significant degree of accuracy on a regular basis?
Can we do an experiment? Can you do 60% accuracy of sample directional calls (minimum 10 calls) with a fixed time period (start and end times) of no more than a week on the ES in this journal?
https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/
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What have you tried so far that has or has not worked?
I am fed up with the nonsense Baron style. I will not do anything for anybody as by definition any good trade will always be qualified as luck. This trolling is already going on several years, so no matter what I would proof, it will always be qualified as pure luck. Any honest or intellectual conversation on ET is impossible.
I shared alot in past but got shit in return.
What you propose is not what I do. You even don't understand how I know in advance that it is a retracement and not a trend change. But you will never know it.
I know now already that this year I will make over 1,000% return. It is not the first time and it will not be the last time.
When Baron bought BTC around the all time high I posted this:
We were then at $60,161. The trend was over. Short on weekly at $66,075.
I know it was just luck. So, why would I do any test to get the same comment:"It was luck agauin."
For me not, but I don't use the classic way of trading. I use something completelly different.
The reversal was clearly after we touched 65K and when I posted. As that was the high and we went down from there.
Anyone who is bragging about his trading results get this. Whether true or false, whether with proof or without.
So, the solution is quite simple.
Yeah sure, Virtusa is "just lucky". The only way I can make sense of this, is if the definition of "luck" is Opportunity meet Preparation. The guy is so prepared, such that he has been over prepared enough to know how much preparation is needed. And he can see the opportunity clearly because he has seen so many variations, so many times.
Any experienced trader that lasts can do these things. All these gratuitous naysayers are just trying to cover up and justify their own inabilities to get real traction in trading. STOP posing and start working.
Some people need to stop, and really think about this. Seriously, if you cannot recognize someone of superior standing, you will never make much headway. Trying to tear them down is counterproductive: It's poison you are spewing into a headwind.
PS: Slow day today waiting for tomorrow's numbers. But I am too disappointed is the low percentage of productive discussion. Mostly done by a dozen or fewer posters.
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