If I Was a Trader, I’d be the dumbest Trader on Earth

I just added a Zoom link in my thread - in case any trader would like to see how I Declare an trade a Range Condition - when Price goes Sideways. This has been my favorite way to trade for many years. NOT selling anything - hopefully this may help some traders. Traders will need a Headset_Mic.

Here is the same Zoom link. I will keep it open - for 1.5 to 2 hours - unless there is no interest.

https://us02web.zoom.us/j/84090692819?pwd=NWczemZyNUM1NmRjYVlkTnVLa0E1Zz09
 
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VSTscalper said:
I just added a Zoom link in my thread - in case any trader would like to see how I Declare an trade a Range Condition - when Price goes Sideways. This has been my favorite way to trade for many years. NOT selling anything - hopefully this may help some traders. Traders will need a Headset_Mic.

Here is the same Zoom link. I will keep it open - for 1.5 to 2 hours - unless there is no interest.

https://us02web.zoom.us/j/84090692819?pwd=NWczemZyNUM1NmRjYVlkTnVLa0E1Zz09
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DON'T CLICK.
 
KGTrader4 said:
Now that I’ve got your attention lol….

I say IF I was a trader, because I’ve got so much to learn before I can call myself one.

anyway, I’ve managed thru this clown show called 2022 pretty well. Keep in mind I’ve always been a long term investor and have tended to “buy and hold”. Now that im retired from advisory, I’ve been able to be more active, and about 3 months ago I sold a bunch, including about $450k in S&P 500 ETFS. M”strategic allocation for my long term (IRA) money is 65% equity. I’ve been around 35%.
And year to date, im down 6.8%, so im happy.

BUT WHEN IT COMES TO TRADING, I have this big problem called lack of patience and discipline. I think it stems fro FOMO.

Yesterday, I was really liking the strength the market was showing and reversal near the close. So at 3:55PM I put $120k into SPY and 50K into QQQ. I also sold my 2x inverse fund QID, which I’ve owned for a few weeks. Thinking we are close to washed out , due for a bounce and the late day reversal up made me think it might be coming next week.

WTF is wrong with me? Discipline is so hard to develop. I shouldn’t be trying to play a bounce in this market. Hopefully I get lucky and get out on Monday with a gain.
I’m not even putting this in my trade journal, because it’s not really a trade. It’s a dumbass move on a hunch.

F me.
Rant over. Thanks for letting me get it out of my system
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It´s more about unlearning the old way of thinking. :)
 
vanzandt said:
Why?
Albeit not for me, I at least thought it was pretty nice of him to do that.
Why the all caps "DON'T CLICK"?
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It doesn't really matter to me. I am NOT looking for Clients - NOT looking to Sell or Lease anything. I was away from ET for many years - getting older now - decided to participate some. I used to get my A$$ kicked - when Price went Sideways - waiting for a Breakout - but finally figured out a way to take advantage of what I call - a Range Condition. And as I have said - where I used to dread a Sideways move - it actually became my favorite way to trade - couldn't wait for Price to go Sideways. That may sound crazy - but it works for me.

I trade more with my Algos now - but I still take trades on my older Trading Method - as I said in another post - keeps my old brain working.

Again - if any trader wants to see what I am talking about - and if I have the time - I am more than happy to show them.
 
VSTscalper said:
It doesn't really matter to me. I am NOT looking for Clients - NOT looking to Sell or Lease anything. I was away from ET for many years - getting older now - decided to participate some. I used to get my A$$ kicked - when Price went Sideways - waiting for a Breakout - but finally figured out a way to take advantage of what I call - a Range Condition. And as I have said - where I used to dread a Sideways move - it actually became my favorite way to trade - couldn't wait for Price to go Sideways. That may sound crazy - but it works for me.

I trade more with my Algos now - but I still take trades on my older Trading Method - as I said in another post - keeps my old brain working.

Again - if any trader wants to see what I am talking about - and if I have the time - I am more than happy to show them.
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what do you trade sideway? us equites, crypto, futes, forex or what? if us equities, individual stocks or etf or what? and if stocks, shares or option?
 
vincentnyc said:
what do you trade sideway? us equites, crypto, futes, forex or what? if us equities, individual stocks or etf or what? and if stocks, shares or option?
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I only trade Futures. When I first started trading - I started with Stocks back in the early to middle 1990's - tried Forex but didn't care for it. Along with Stocks - I started trading Futures - eventually decided just to trade Futures and Options. Back in the late 1990's and early 2000's - there was a lot of BullSh__ going on with Analyst - some ended up in Prison. I just got fed up with it - decided to stick with Futures - no more trading individual stocks. One of the last stock I traded was Starbucks - if I recall - I was up $1200 to $1500 - decided to walk down to Starbucks - get a Frappuccino - walk back to the house. When I got back - my Starbucks trade was Negative. Some damn Analysis got on CNBC - said something Negative about Starbucks - I ended up losing money on the trade. I did have some other Stocks as well - decided to close them all out - win or lose - and have never traded a Stock since. There was absolutely NO REASON for what this Analyst did - as Starbucks had just announced Record Earnings. But this crap still happens - and always will. I also stopped watching CNBC and Maria Bartiromo. Back in the day - many traders watched CNBS - mainly to see her - LOL.

You are welcome to come into Skype or I can open a Zoom Room - I will show you and explain. As usual - I am sitting here Coding.
 
VSTscalper said:
...I also stopped watching CNBC and Maria Bartiromo. Back in the day - many traders watched CNBS - mainly to see her - LOL...
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i don't watch cnbc or maria either. i can see why traders want to see her when she was young. but recently i saw her on a youtube video...let just say she did not age very well. she is on fox now btw...
 
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