If you use stop losses then you are essentially gambling

[SimpleMeLike]

Where did I say it was like dollar cost averaging? I'm talking substantial average downs like would make your guys's head f****** spin.

Hello wxytrader,

yes, but you talking about holding trades for months and years.

Just dollar cost every day man, like I did today in the ES market. So you make some fast money everyday man. Holding that trades for weeks and weeks is slow money. That take too long to get rich.

Does the woman Latto look like she wants to wait months and months and years and years to get some money to go shopping?? NOOOO, get rich fast.

 

[wxytrader]

Hello wxytrader,

yes, but you talking about holding trades for months and years.

Just dollar cost every day man, like I did today in the ES market. So you make some fast money everyday man. Holding that trades for weeks and weeks is slow money. That take too long to get rich.

Does the woman Latto look like she wants to wait months and months and years and years to get some money to go shopping?? NOOOO, get rich fast.

Lol it not my only trade and I was trying to stress that the point of no stops is you will hold the position...if you are holding for a year then you obviously got in too early...one would want to get the timing near the bottom of the swing. This is where EW comes in.

 

[SimpleMeLike]

Lol it not my only trade and I was trying to stress that the point of no stops is you will hold the position...if you are holding for a year then you obviously got in too early...one would want to get the timing near the bottom of the swing. This is where EW comes in.

Hello wxytrader,

yes, I agree with the removing the stop loss, but holding trades pass a hour, is a no deal for me. I love fast money.

Yes correct, day trading is better. I do not like holding trades past the market close. too much work and thinking. Now you have to go to sleep thinking about the losing position trades and losing time, when you can be clicking all day. That is wayyy too much work.

Much Easier to day trade for a 1 hour a day and go have fun in the life.

 

[Overnight]

Lol it not my only trade and I was trying to stress that the point of no stops is you will hold the position...if you are holding for a year then you obviously got in too early...one would want to get the timing near the bottom of the swing. This is where EW comes in.

Don't listen to SML's waxings on ES trading. He is trying to blow up, which is why he stopped with his PnL sigs after he swung from a 10k loss to 10K win in a month. Notice he has no more sig? Notice how he never posted a real trade entry in his entire life here on the forum?

Mmm Hmm.

There are few you can trust here. I can name them on one hand. Me, Baron, Dest, hilmy, johnarb vanz and schizo, maybe Tree? hmmm...Not many more come to mind ATM...

 

[wxytrader]

Don't listen to SML's waxings on ES trading. He is trying to blow up, which is why he stopped with his PnL sigs after he swung from a 10k loss to 10K win in a month. Notice he has no more sig? Notice how he never posted a real trade entry in his entire life here on the forum?

Mmm Hmm.

There are few you can trust here. I can name them on one hand. Me, Baron, Dest, hilmy, johnarb vanz and schizo, maybe Tree? hmmm...Not many more come to mind ATM...

Hello wxytrader,

yes, I agree with the removing the stop loss, but holding trades pass a hour, is a no deal for me. I love fast money.

Yes correct, day trading is better. I do not like holding trades past the market close. too much work and thinking. Now you have to go to sleep thinking about the losing position trades and losing time, when you can be clicking all day. That is wayyy too much work.

Much Easier to day trade for a 1 hour a day and go have fun in the life.

I would lose sleep over realizing losses every day lol...you are also working everyday...most of the time I make profits I'm not even aware of it...like when I got my Lotus from a dogecoin trade I didn't even know it went from .05 to .50. I was at a car dealership and the salesman brought it up lol. I was like wait a sec...I'm up like 40k usd lol

 

[taowave]

dam,I unblock you for one nanaosecond and catch you in another fabrication of the truth...
make up your mind..Did you spend your life savings on a Lotus or a Lambo..It changes daily..

And its great that you finally admitted you arent a trader..You start out as a tiny trader knowing your EW is all bullshit,and add when you are dead wrong,which is most of the time. I do not know of one successful trader who doesnt make real money when they are right...There is a reason you are a one lot put seller thinking its a bearish trade....

No chance you are trading over 50k

back to snooze

 

[wxytrader]

dam,I unblock you for one nanaosecond and catch you in another fabrication of the truth...
make up your mind..Did you spend your life savings on a Lotus or a Lambo..It changes daily..

And its great that you finally admitted you arent a trader..You start out as a tiny trader knowing your EW is all bullshit,and add when you are dead wrong,which is most of the time. I do not know of one successful trader who doesnt make real money when they are right...There is a reason you are a one lot put seller thinking its a bearish trade....

No chance you are trading over 50k

back to snooze

I've been right about Bitcoin the whole time...I timed this rally perfectly since summer...a little hiccup with the ftx scandal that facilitated the double correction.You guys don't understand EW so you basically don't have any real TA abilities.

yeah 5000 usd at .05 Dogecoin = 100k Dogecoin...= Lotus. It was probably one of the most successful trades on ET. How are you not following this? Is this sour grapes?

Secondly, when you finally do decide to buy stock based on whatever squiggly lines you use on the chart, ask yourself why not not sell a put instead make some premium for buying and maybe get an even lower price? So you see, selling puts is a bearish strategy if done correctly.

Blocking me? Lol

 

[SunTrader]

Plenty of us understand, and even use E.W (and post charts images as well). What we also understand is B.S.

If one has to drop mentions constantly about their used, real or imagined, Italian sports car how good a trader can they be. YouTube is swamped with similar.

DoorDasher II hmmm?

 

[wxytrader]

Plenty of us understand, and even use E.W (and post charts images as well). What we also understand is B.S.

If one has to drop mentions constantly about their used, real or imagined, Italian sports car how good a trader can they be. YouTube is swamped with similar.

DoorDasher II hmmm?

Go find the photo I posted and then tin eye it or whatever Google photo search it and you'll see that's the original.

 

[taowave]

Not only is 99 percent of what he spews nonsense,the other 1 percent is gibberish.

Trading with stops is gambling,but trading without them and doubling down is not gambling?

The guy knows zero,goober,nada about trading..

He knows it,and sells a 1 lot garbage put at the completion of his imaginary ABC correction.Id he's dead right,he makes 10 cents

Newb meets piker 101

Plenty of us understand, and even use E.W (and post charts images as well). What we also understand is B.S.

If one has to drop mentions constantly about their used, real or imagined, Italian sports car how good a trader can they be. YouTube is swamped with similar.

DoorDasher II hmmm?