If you could go back in time to when you were a new trader

Nodoji,

Just ignore this if it is off topic, but you have been very forthcoming in describing your progress in trading. You may have already discussed this somewhere in the past and I missed it, but before entering into the trading arena, what was your job, endeavor or livelihood that allowed you to make the transition full time?

bmw

(by the way I drive a mercury, but my favorite motorcycle is a bmw)
 
Quote from NoDoji:

To me, technical price action trading is all about finding places where enough traders may perceive value that when they step into the market they'll drive price to a level that causes those on the other side to offset their positions, thereby driving price even further and attracting more traders to join because they fear they'll miss out on a move that seems to be gathering momentum. It's really about the psychology of the market participants.
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Market context and trade location. Keys to the kingdom.
 
Quote from NoDoji:

To me, technical price action trading is all about finding places where enough traders may perceive value that when they step into the market they'll drive price to a level that causes those on the other side to offset their positions, thereby driving price even further and attracting more traders to join because they fear they'll miss out on a move that seems to be gathering momentum. It's really about the psychology of the market participants.
More...

Thanks for that excellent take on PA. Consciously creating a narrative as the PA unfolds has been of tremendous help to me. I have been viewing behavior as the crowd's energy state, allowing for the further categorization of behavior at any given time as a combination of kinetic and potential energy. Your description of the creation and movement of this energy,through a shift from value to momentum and back, has further clarified my thinking.
 
Quote from bmwhendrix:

Nodoji,

Just ignore this if it is off topic, but you have been very forthcoming in describing your progress in trading. You may have already discussed this somewhere in the past and I missed it, but before entering into the trading arena, what was your job, endeavor or livelihood that allowed you to make the transition full time?

bmw

(by the way I drive a mercury, but my favorite motorcycle is a bmw)
More...

My main work at the (very small) technology business we eventually sold was testing software and writing the user manuals, tutorials, and help topics. However, since the company was so small I also handled all the bookkeeping and payroll, developed marketing materials, and helped with customer support at times as well. The small chunk of cash we got when we sold the business allowed us to give trading a try when I stumbled across the idea in early 2008.
 
Quote from game:

Thanks for that excellent take on PA. Consciously creating a narrative as the PA unfolds has been of tremendous help to me. I have been viewing behavior as the crowd's energy state, allowing for the further categorization of behavior at any given time as a combination of kinetic and potential energy. Your description of the creation and movement of this energy through a shift from value to momentum and back, has helped to further clarify my thinking.
More...

This was a big breakthrough for me as well. I remember when I thought traders here on ET who came across as consistently profitable had some sort of fixed "edge", a Holy Grail, so to speak. Only much later did I discover what price action trading really is: a dynamic edge that self-adapts to the unfolding story being told by market participants at any point in time.
 
May I try?

Price actin tradin is a kaleidoscopic advantage that self-replicates and enhances the fantasy tale of the various market players all the time.

Whatcha think? Good??
 
Quote from NoDoji:

It's easy to recognize other experienced profitable traders on ET. They post information that comes from experience, produces consistent profitability, and often causes frustrated traders to want to argue about it :p
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Argue about it, or attempt to discredit through ridicule ... I've lurked here off and on for the better part of a decade ... and this is the one constant of ET. The above quote of yours is from 2 or 3 years back. Same stuff, different day.
 
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