Is there anyone here who is self-taught, consistently profitable and confident of continued success?

Just throwing this out there, because this thread turned into a very sad eulogy of many traderz dreams (and I had them too).

Do you really think The Market is going to let you take money out consistently, if you don't give something back of equal value?

Ever seen what happens to a field that is planted, harvested, and not replenished (chemically, biologically or otherwise) in some way every year?

How long would a car company stay in business if its products killed people on a regular basis?

How far could you get selling airplanes if they went into a nosedive at random times with no way to recover?

How many men would get married after seeing the previous generations of men financially destroyed through no fault divorce?

The Market is not a fool. You must provide a valuable service to it, if you intend to remain in business!
 
Wide Tailz said:
The Market is not a fool. You must provide a valuable service to it, if you intend to remain in business!
More...

good point

trading adds no value to society....

but the market is good mistress if you can understand and satisfy her...…..she will shower literally with unimaginable riches.
 
Wide Tailz said:
because this thread turned into a very sad eulogy of many traderz dreams (and I had them too).
More...

not mine

I have achieved what I dreamt of.

but I have just done it 1-2 days back

it took me 12 years but I always believed in it

it just fell all together
 
In my early days of learning how to trade, I read tons of books and online resources, including Al Brooks ones. The only concept I derived from his books is about using multiple time frames to trade. This is a must and how I improved my trading skills. I don't think anyone can trade successfully without looking at multiple time frames.

I know there are people on here who dismissed using indicators to trade. In scalping business, indicators are a must to time entry and exit point. However, one must modified those indicators to suit their needs and it's dangerous to use the default ones. Below live screenshot is an example where #2 is a trap if one uses the default one and #3 is a sign that one must get out because it's too risky to hold as momentum is dying. That said, default indicators are only for lazy traders who can never succeed in trading and hence, they will dismiss everything.

Please don't reply me that I'm cherry picking it in my chart. I show it as an example of how I use my indicator to time entry and exit point. My actual chart is much more complicated than the one displaying on here and I don't rely on one chart to trade. I rarely go opposite intraday direction which is what multiple time frames for. The reason being is that indicators aren't reliable when one trades opposite intraday direction, as shown from yellow circles from screenshot.

That's it. I'm done writing. I already disclosed half of my trading secrets on here. That's because I'm in good mood today and it has nothing to do with trading. My german shepherd dog has been in clinic for several days for surgery. I'm about to pick him up today and we are relieved and happy to hear that he is fine.

Untitled.png
 
humbletrader2016 said:
My german shepherd dog has been in clinic for several days for surgery. I'm about to pick him up today and we are relieved and happy to hear that he is fine.
More...
I have a lab 9 years and he is always with me....I do not go out of town except for a night rarely.

disclosing trade secrets is of no consequence.....no one but you can trade your method
 
One last post and I'll give back this thread to OP as I'm done posting on it.

From day one, my purpose on here is to exchange and sharing stuff with pro traders, but that never happens. So, I gave it up.

During those years of trading unsuccessfully and I couldn't get back to my professional job since I quit for few years, I got a job in construction industry where I learned pretty much everything about renovating and building a house. Within last decade, I bought cheap foreclosure homes and used those skills to renovate those houses by myself while continuing trading and working for a professional job upon getting a grad degree. I recently sold off all those properties with excellent profits when housing property suddenly spiked up huge in Toronto Canada within last 3-year. That's how I made a couple of million bucks without paying any taxes.

Presently, I don't trade for living because interest rates I earned from my money is already in 6-figure annually. I only trade to hedge against inflation and for extra spending and most importantly is due to my passion. However, I don't trade as much as I used to be because the more I make, the more I've to pay for taxes which I hate it. Every time when we meet or contact our tax consultant, my first question is how can I save more from taxes lol...

blah blah blah... my point being is that I have ZERO interest in mentoring and looking for benefits from anyone on here because some people seem to accuse me for it. So...... I AM DONE posting here.

Sorry to hijack this thread from OP over last two weeks. Good luck with your trading.
 
You must log in or register to reply here.
Back
Top