Is it that simple to follow "simple" trading rules?

Windlesham1 said:
I have no idea or interest in whom I am 'trading against'. It's a market and one person's buy is another person's sell for reasons unknown. Be interesting to see what happens when real traders take a day off and let the machines go nuts
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Flash crash. It's happened before.
 
maxinger said:
Right. It is simple but not easy.

But please don't throw away the sugar.
Give it to me.......
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%%
Part of the problem is junk dealers can do well/but they changed the name to recycle dealers.I like junk silver more than junk food...............................................................I tend to eat more natural sugar/ apples/pumpkin pie mostly natural LOL.:D:D:D:D:D:D:D[8 or 9 glasses of water; coffee counts for 2 or 3.NO problem there, mostly]
 
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one day after getting some many hits, so many loses, so much pain ... you are so tired of that shit that you finally start following your trading plan without need to outsmart or tweak it. You just give up the fucking ego! This is the time when you start making money consistently. It won't make any sense to you to deviate from your plan anymore ...
 
This kind of thread is annoying because it implies that so many people have winning systems and all they have to do is follow the rules.

I have no problem following rules. Give me your profitable system and I'll split the winnings with you.

Geez you guys.
 
Or do you mean you'd lose less if you followed your rules?

I just imagine a bunch of go long when MACD crosses to the top guys who are like oh man I didn't follow my rules and I lost money. That's not why you lost money.
 
IronFist
if you are or want to be a daytrader / scalper I would recommend to look into range bar charts rather than standard time-based charts. The RB chart displays momentum structure, swings in much better details. You can easily define lower risk entry points in a market move. Simple momentum scalps will work for you long term (you should get above 40% with 2R) and you can trade simply off EMA(xx) after market shows a directional bias, any market!
Range bar is tricky when it comes to volatility changes but you will get used to it but it takes few hundred hours of work to fine-tune the entry trigger

Take it or trash it
 
tomas262 said:
one day after getting some many hits, so many loses, so much pain ... you are so tired of that shit that you finally start following your trading plan without need to outsmart or tweak it. You just give up the fucking ego! This is the time when you start making money consistently. It won't make any sense to you to deviate from your plan anymore ...
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Assuming your trading plan is successful when following your rules, then yes... yes... and yes.

“Change happens when the pain of staying the same is greater than the pain of change.” -– Tony Robbins
 
tomas262 said:
if you are or want to be a daytrader / scalper I would recommend to look into range bar charts rather than standard time-based charts. The RB chart displays momentum structure, swings in much better details. You can easily define lower risk entry points in a market move. Simple momentum scalps will work for you long term (you should get above 40% with 2R) and you can trade simply off EMA(xx) after market shows a directional bias, any market!
Range bar is tricky when it comes to volatility changes but you will get used to it but it takes few hundred hours of work to fine-tune the entry trigger.
More...

The missing link...
 
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