if everyone loses money, why not do the opposite?

Reversing the position does not solve the problem. What if the stock moves sideways in a trading range? That happens a lot of times. You would take a bet now to short it when the trend which was up could resume with a breakout! Now, you are really in deep doo doo! You made not one but, 2 bad trades? You sold off a winning trade resulting in a loss, the first trade and compounded it by losing more monies now because you are trading against the trend by shorting it? Now, it is going up! Dumb by all accounts and I would leave it at that!
 
MaxPastukhov said:
People lose not because they can't predict price movements. They lose because they lose more than they make.
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Because they can't predict movement.
treeman said:
It's pretty easy to lose money, so why not be your own market maker? It's not hard to implement. Do you think it would work for the unprofitable trader? I don't.
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So take the other side of your own trades. Brilliant.
They said:
Based on what you've said, you don't need to hire anyone. You just need to have a basic charting package that has VWAP and then start testing distance from VWAP as entry points. You can test it manually with your own eyes and acquire the information you are seeking. If you simply treat each entrance as a different trade (while averaging in) you will develop stats on them. The stats will let you know if you can avoid entering on the first signal and take only the 2nd or 3rd entrance signal or if you need to take the first signal because price rarely goes to the 2nd or 3rd level.
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Sporadically price travels away from VWAP for the whole day.
ElectricSavant said:
You need a virtual trading routine. I have done this before.

es
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I'm not sure what that is.
Handle123 said:
"3 equals", still comes down to where is price in relationship of trend, early stages mostly be stopped out, so you be looking for later in trend to get out/in, but what you are not seeing, is when there is 2 equal highs, and of course you like to sell as close to highs as possible, so on 3rd bar, you sell with 5 seconds before the close of the bar, and price jumps 6 ticks, and often if you wait for close of the bar, might be a point or more below the highs of 3 bar top pattern. Actually, this pattern is better for exits for myself to get out before nailing 4 ticks.
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As I was writing that I realized that 3 equal tops on 3 bars can be a triple top on some timeframe if you scroll back. On this chart you can see three highs that were the same price and then price went lower. Obviously the trading goes other places sometimes.
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ok - this might help.. look at my 'trading is easy' thread.... refers to the fxcm sentiment I use a lot... yes you need to do the opposite of what most do, because in this game guys at the top of the pyramid feed off the bigger dumber crowd at bottom, so retail sentiment is an excellent indicator.
 
LS1Z28 said:
Analyzing trades and looking at charts from a different perspective can be quite beneficial. But inverting entries won't change the mistakes made due to emotion.
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True... That's why springing it on an unsuspecting "trainee" (complete with a front-end showing what the trainee is losing) might be interesting.... you might want to throw in some expletives and give them extra (worthless) homework for screwing you so badly. Then fire them after a month, because that's what would make sense to do if they were blowing up every account you gave them. Rinse and repeat.

Think of the stories the trainee gets. "I answered this craigslist ad to learn trading, I blew up $100,000 of this guy's money who just asked me to trade. I was totally unqualified. He gave me zero training, other than to tell me that it's easy, and I would get the hang of it. I totally sucked, I lost it all in 3 days, and he gave me another account to try again! Plus he paid well! What an idiot."
 
They said:
Based on what you've said, you don't need to hire anyone. You just need to have a basic charting package that has VWAP and then start testing distance from VWAP as entry points. You can test it manually with your own eyes and acquire the information you are seeking. If you simply treat each entrance as a different trade (while averaging in) you will develop stats on them. The stats will let you know if you can avoid entering on the first signal and take only the 2nd or 3rd entrance signal or if you need to take the first signal because price rarely goes to the 2nd or 3rd level.
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But, does this make sense? Price uses gets around 8 to 20 points away from VWAP. So just trade in the opposite direction when it does?
 
Took a look at last weeks PA on a 5 minute basis.

Monday there was one trade that if you timed it perfect you made a whole big 1.75 pts.
Tuesday 1st trade made "perfectly" 2.50 pts, 2nd trade again "perfectly" 3.25 pts and 3rd 5.25 pts not bad.
Wednesday 1.25 pts
Thursday too late in the day to take.
Friday 1.25 pts lousy.

So what they says to me, granted very little time researching, it that although it might seem to be tradable it isn't IMO. Just another scalping type technique that without a large account plus exchange seat commission rates and co-located fast connection it's not worth the trouble.
 
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