How much $ did you lose until you made $ trading ?

Quote from nokomisjeff:

I've been a full time trader since the 70's and I still pay too much and sell too cheap. I'm better than an ATM.

Seriously, until you've been in the business for 5 years, in bull and bear markets, you don't know if you'll make it. 5 years is the litmus test, but then again, I know 30 year traders that went belly up last year. You're only as good as your last trade.

Jeff
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This must be the best bit of advice I have ever seen posted by any trader. Most will read and forget about it a second later.
 
Quote from jack hershey:

For me the snagit shows a nice b2b 2r 2b pattern, point 2 is reached around 9:30. The run is 3 points. Look at the volume for those five bars. You will feel right at home handling the part one and part two of your question.

Then "looking" is related to finding pt 2, then point 3, then the FTT.

snip...
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Thank You!!!
 
Too much Llama love again. Being the type of person you are,I'm sure Llamas mate for life and are serviced by one dominant male.Do you use stool or stilts?
 
Quote from MandelbrotSet:

Damn Jack!

Get your off-topic posts the fuck off of this thread!
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For some reason I'll come across Hersheys j@ck@ss posts and try to read them as they're part of the thread....I'd rather be David Carradines $crotum then try to make sense of his meaningless rants.
 
Brilliant!!! LMAO :p
Quote from jem:

There is no one on the net more deceptive and full of shit than Jack Hershey.

He is a Nigerian trading guru scam. Only I have not seen anyone say he stole their money directly... only their lives.
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Quote from DHOHHI:

I too was an engineer in my former life.

As a trader you can't always analyze a 'problem' (i.e. the market) in as much depth as you might analyze an engineering problem.

Another point - I also used to study charts for hours each evening. I no longer do. Over time you develop an intuitive feel for the markets and my trading has evolved to that mode. I buy/sell/short/cover based quite a bit on gut feel and prevailing market psychology.

To this day I still go for singles and doubles and don't try to hit home runs. Small profits can add up nicely. But a big strike out (going for a home run) can wipe out a lot of hard earned profits.
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Whoa, you nailed it on the spot. I trade like that to. I usually spend about 10min. on a chart at max than I can determine what to do based upon that information at that moment.

Tradings not that hard once you get enough experience to be consistent at it.
 
Quote from SK0:

Thank You!!!
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before open, observe that on all lelvels of fractals we are long and reaching FTT's at the end of a long move.

The call for change started three last bars of Friday. your part one is started. The early bars of today will complete the change your part two. Then the dominant mode for ALL fractals begins as SHORT. Trade one of the fractals and stay on that fractal until it completes its reversal to point 2 after going through the volume trough and on to a volume peak.

You have to take into account the gap.
 
Quote from jack hershey:

before open, observe that on all lelvels of fractals we are long and reaching FTT's at the end of a long move.

The call for change started three last bars of Friday. your part one is started. The early bars of today will complete the change your part two. Then the dominant mode for ALL fractals begins as SHORT. Trade one of the fractals and stay on that fractal until it completes its reversal to point 2 after going through the volume trough and on to a volume peak.

You have to take into account the gap.
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:cool:
 
Quote from MandelbrotSet:

LOL,

You think it's "cool" that hershey the assclown is disrupting the thread ... OK, how about that short call you made last friday (10/9/09) moron? (see chart)

ehorn loses 10pts on his short call

Sounds like another jack hershey success story! :p :D :)
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Early calls happen (for me) from time to time. Being right is less important than being on the right side. The market tells us which is the right side and Jack knows how to be on the right side.

Good trading to you.
 
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