How to know trend or chop in REAL time

dbphoenix said:
If you were just sitting there at your screen and saw this and entered a trade without a trading plan, then whatever money you made, if any, would be pure luck. Whatever money you lost would be the result of not trading according to plan. If you had one.
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no kidding. Keep in mind, one of the best trading plans I have discovered was developed by my mother. "When due to unexpected circumstances and you find yourself with "excess" cash, always invest it in the S&P 500."
 
the funny thing is, people talk about winners and losers, and try to measure it on ROI
better measurement is YOE (years on earth)
 
Visaria said:
i would trade this by shorting every new low (every low after a retracement). it works because no one else seems to have the balls to do that. i have no interest in retracements.
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If you mean the low that confirms the retracement, a great many people have the balls. That's why the price falls. If they didn't, price would rise and you'd be in the red.
 
Visaria said:
v few on here have the balls... everyone likes a retracement.
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As I said, if nobody had the balls, price wouldn't fall. Sellers have to lower the ask in order to attract buyers. If buyers don't bite, price stays right where it is. If there happens to be a retracement, it never confirms, which is a big gotcha when it comes to retracements.
 
Visaria said:
v few on here have the balls... everyone likes a retracement.
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speak for yourself, I add to winners everyday, sometimes every hour
Just like the Bible and George Soros told me to
I love that man, he taught me how to make money
But I also love Jesus, he taught me how to find peace once I made a lot of money, and also how to find peace once I lost a lot of money

I like money
But I like peace even more

So let's hear it, GIVE IT UP FOR GEORGE AND JESUS
 
otherwise, the last trade is done and over with, and to assume because that one worked out, the next one will also be a winner could be a winning strategy. Or not.

some like to trade, others like to win

I have noticed, the winners don't last long.
 
@loyek590 I don't understand what you say, but it's good you love Jesus. :)

Regarding chop/trend: Intraday, there's no way I can tell. Other people call that "noise". It's so unpredictable to me that I've given up daytrading.
However on a bigger timeframe, the price actions is a lot clearer to me. No matter, if it's a trend/reversal/choppy day, by swing trading I'll take all of the action with me. Without being stopped out, because my stops are wide enough to allow some intraday noise and even spikes.
 
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