I hate strong trend days

d08 said:
...And all instruments are definitely not the same thing, that's just ignorant. There are equity traders who try to trade oil and fail, forex traders who are clueless about indices etc. There are commonalities but that's about it. EURUSD and some momo pharma stock have almost no similarities...

If I'm wrong, then you must be trading everything globally, if not, why not? Why leave money on the table?
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I agree with everything else but this statement even more so.

A retail trader can not apply the same trade method or same price action trade method across different assets. I mean...they can try and one would think they would have an advantage considering if they're successful on one thing (e.g. stocks), they'll be successful with the exact same trade method in trading a different asset such as Bitcoin or Forex and so on.

Heck, even institution trading firms know this which is why they have traders trading for example Emini futures and another room at the same firm or in a different office in another city with different traders that are trading Energy futures.

Even more so, if they pull one trader from one asset and transfer that trader to trade another asset...they put him / her through extensive training and then then the trader would be trading differently in comparison to the prior asset.
  • Even Algorithm trading firms aren't using the same algos on different trading assets.
In contrast, if someone is trading Emini NQ futures and then trades something that's highly correlated like QQQ etf or Micro MNQ futures...you can use the same price action trading method. Thus, its reasonable to assume if you're profitable Emini NQ...you'll be profitable on QQQ etf or Micro MNQ futures.

wrbtrader
 
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You don't hate strong trend days.
You actually hate yourself around them.

It's like saying ...

I really hate sexy girls ...
They remind me how shy I am.

I really hate tall buildings ...
They remind me how small I am.

I really hate luxurious cars ...
They remind me how poor I am.
 
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SanMiguel said:
Trend days are the best, you can literally get in anywhere
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%%
Exactly;
unless you try to buy on the bid. Trend weeks can be fun...………………………………………………………..I hate holidays when markets are closed midweek/unless its Christmas/thanksgiving
 
Sekiyo said:
You don't hate strong trend days.
You actually hate yourself around them
It's like saying ...
I really hate sexy girls ...
They remind me how shy I am.

I really hate tall buildings ...
They remind me how small I am.
More...
Mostly right;
except since some[about 50%] good lookin girls are extraverts/they love my shyness.
And i dont really ''hate'' tall buildings/ but my insurance co charged me per floor+ up higher = higher premium/LOL.............................................................................
I love trend days/weeks/months:D:D ,,:D:D:D:D:D:D:D:caution::caution:
 
Sekiyo said:
You don't hate strong trend days.
You actually hate yourself around them.

It's like saying ...

I really hate sexy girls ...
They remind me how shy I am.

I really hate tall buildings ...
They remind me how small I am.

I really hate luxurious cars ...
They remind me how poor I am.
More...

Dumbest analogies.

Let's try again..

I make money on trading range days, broad channel days, reversal days and love those days.

On rare strong tend days I lose, I hate strong tend days.

See? No psycho babble.
 
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