I am kinda new and want to learn basics for short term trading

[murray t turtle]

I am not interested in day trading.
But I am interested in swing or positional trading.

I have an account with TD ameritrade.
I want clean chart with minimum indicators. I usually choose following
1. Volume 21 EMA .....................................................
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%%
Learn to use a 200 day moving average;
+ private library/public library or all 3............................................................................I dont think adx will help you much @ all untill you learn to trade/invest;
+ then you may decide like many not to fool with a bunch of stuff.....................................................................................

 

[Overnight]

i never said it was a fact. if it was a fact i would have said so...

By inference, you stated a fact.

""you cannot ever have a system that wins 100% of the time because that would mean someone has to lose 100% of the time."


Maybe it's just a language barrier thingy. The Hindi is thick in you.

 

[padutrader]

By inference, you stated a fact.

""you cannot ever have a system that wins 100% of the time because that would mean someone has to lose 100% of the time."


Maybe it's just a language barrier thingy. The Hindi is thick in you.

there are no idiots in market........if a trader has no chance of making money he will not take that transaction.
and if someone is winning 100% of the time it means WHOEVER has taken the other side of that transaction has NO chance of making money and once that is realised no one will take the other side.
that is why prices moves and asks suddenly disappear to a price where there is some chance that the seller will make money

 

[DevBru]

there are no idiots in market........ if someone is winning 100% of the time it means WHOEVER has taken the other side of that transaction has NO chance of making money.

It seems like you are the idiot in the market and after all those decades you wasted on trading, you still don't have a clue.

If you short a stock at $100 and i take the other side of the trade and you exit at $99, making $1 profit per share, that doesn't mean i also have to exit at that point ... I can keep my position for as long as i want. I can wait until the stock goes back above $100 and also make a profit ...

 

[padutrader]

seems like you are the idiot in the market and after all those decades you wasted on trading, you still don't have a clue.

i just said there are no idiots in the market

do you think anyone will take a trade that they have chance of making a profit?.

answer that!

so instead of calling others an idiot [ only persons with no knowledge post personal remarks] i suggest you make intelligent comments

 

[DevBru]

i just said there are no idiots in the market

do you think anyone will take a trade that they have chance of making a profit?.

answer that!

so instead of calling others an idiot [ only persons with no knowledge post personal remarks] i suggest you make intelligent comments

How is this in any way relevant?

First of all, no, not everyone who enters a trade or market position is looking to make a profit on that position. When spreading or hedging for example.

Second, you said that if someone is winning 100% of the time that has to mean someone else has to be losing 100% of the time, YOU ARE WRONG. You also said "if someone is winning 100% of the time it means WHOEVER has taken the other side of that transaction has NO chance of making money", YOU ARE WRONG AGAIN. Even when trader A closes his position for a profit, the guy who took the other side, trader B, can also make a profit. If trader A closes his position that doesn't mean trader B also has to close his position ...

You act like mister smarty pants while what you are saying is wrong ... So regarding those intelligent comments, take a look at yourself.

 

[longandshort]

What techniques would you suggest I use? I evaluate momentum with price action and volume and manage risk with stops.

And there are thousands of retail traders trading on breakouts with "confirmation". This is not an edge.

Wyckoff is more about price action than bar charts and P&F. The charts make it easier to see.

Sure, but price is a lagging indicator. What is your theory behind by a price at point A leads to a specific price or direction at point B?

I must be really lucky then as I have been quite successful.

Yeah and I'm Elon Musk... it's not hard to claim success on the internet anonymously, I'd rather see the proof in your argument.

That is more or less what I do. I have a systematic approach, based on Wyckoff teachings, to enter trades and a risk management strategy that limits drawdown.

So maybe your success has to do with capturing beta while reducing negative alpha through drawdown reduction. You don't need Wyckoff for that.

And most importantly the discipline to follow my plan.

Not sure how much faith I would put in a plan unless it is a strategy based upon signals with high information ratios, low correlation to SPX, and minimal drawdowns (the trifecta!).

 

[padutrader]

How is this in any way relevant?

First of all, no, not everyone who enters a trade or market position is looking to make a profit on that position. When spreading or hedging for example.

Second, you said that if someone is winning 100% of the time that has to mean someone else has to be losing 100% of the time, YOU ARE WRONG. You also said "if someone is winning 100% of the time it means WHOEVER has taken the other side of that transaction has NO chance of making money", YOU ARE WRONG AGAIN. Even when trader A closes his position for a profit, the guy who took the other side, trader B, can also make a profit. If trader A closes his position that doesn't mean trader B also has to close his position ...

You act like mister smarty pants while what you are saying is wrong ... So regarding those intelligent comments, take a look at yourself.

like i said there are no fools.

so do not think everyone is like you .....there may be different

 

[padutrader]

in anything bad , there is some good and in all good.... there is some bad.

so whatever i put here, take what you like to.....the good or bad.......that will be your karma.

 

[Overnight]

in anything bad , there is some good and in all good.... there is some bad.

so whatever i put here, take what you like to.....the good or bad.......that will be your karma.

Who are you, Paramhansa Yogananda? Jeez.