If you want to fail as a trader, study TA

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Quote from The Expert:

What is an EFFECTIVE STRATEGY?

5 mins so hurry up:D
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A strategy which says enter or don't enter which was thought out beforehand. Something which you just do based on your plan and you don't have to think about it.

Must have clearcut rules. Risk Control. Positive Expectancy.

Something that makes you the most money in the least amount of time.
 
Quote from macattack:

A strategy which says enter or don't enter which was thought out beforehand. Something which you just do based on your plan and you don't have to think about it.

Must have clearcut rules. Risk Control. Positive Expectancy.

Something that makes you the most money in the least amount of time.
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SO..

How do you make the most money in the least amount of time?
 
Losing money - following the masses way of trading ie traditional TA

Making money - ? still working that out.

sorry getting damn late here so slowing up


Quote from The Expert:

AKA, losing and making money:D

How do we lose money?

&

How do we make money?
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Quote from The Expert:

AKA, losing and making money:D

How do we lose money?

&

How do we make money?
More...

Lose money by being wrong.
Make money by being right.

Lose money with big or medium losses.
Make money with small, medium, big winners.

Need to be right more than wrong, have tiny losses, and all kinds of winners.
 
How can the TA crew keep defending TA when there are literally 100s of firmS/traders seeing quotes before you do with 2 different sets of them? You can pretend all you want but TAs worth is fleeting by the second. It's time for a new paradigm of looking at the market. ;)
 
Quote from The Expert:

SO..

How do you make the most money in the least amount of time?
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Hah !!!!!!! :)
I don't know. Please tell me.

Bet the correct amount on the correct trading instrument at the correct time.

Or multiple instruments if you know what you're doing.
 
OK then..

We lose money by placing a bet at THE WRONG TIME

We make money by placing a bet at THE RIGHT TIME

2 WRONGS NEVER MAKE A RIGHT:D

2 RIGHTS NEVER MAKE A WRONG:cool:

SO..

TIME = MONEY = TIME

That said, what is the MOST IMPORTANT thing to make GOOD money trading?

Good Night:D

TE
 
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