Is this The Holy Grail of Trading?
- Thread starter Darc
- Start date
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EXIT, last part of SH @market $13.9714, its down ticking again below blue line 50day moving average.
SPY + related above 50dma/ good uptrend.
12:10 CST. US regular hours market closes in 2hours,50 minutes
Randomize your entry and exit prices using a matrix column based on price range for the day, and manage only your losses. Most don't make it not because of the system they're trading buy mismanaging their losses.
If you have to randomize your entries, you in fact confirm that you have no clue where to enter.
In that case, where will you get the knowledge to find out where to exit?
If you cannot manage your entries, you will not be able to manage your exits eitheras both require correct timing. And correct timing seems to be impossible for you.
Reminiscences of an Elite Trader (the Manuscript) cont'd
(You may be skeptical now, but the PnL will be in, in 5 months.)
"I do not have any wisdom on technical analysis. I only believe what the chart shows me, I do not know what the chart is showing me, but there are just these times where a 10 year old would easily and quickly click buy or sell button to make money. I try to be a 10 year old when I am trading. I do not want nothing that has to do with complexity.
Just think about making money and you will make money, forget about technical analysis, just think about making money and you will make money everyday.
"The more you learn in trading, the less you earn in trading"
"The more you click in trading, the more your earn in trading"
"If you can not recover drawdown, then you will stay down"
"Do not manual back test it, manual guess it"
As with the original Reminiscences, Author Unknown.
(You may be skeptical now, but the PnL will be in, in 5 months.)
"I do not have any wisdom on technical analysis. I only believe what the chart shows me, I do not know what the chart is showing me, but there are just these times where a 10 year old would easily and quickly click buy or sell button to make money. I try to be a 10 year old when I am trading. I do not want nothing that has to do with complexity.
Just think about making money and you will make money, forget about technical analysis, just think about making money and you will make money everyday.
"The more you learn in trading, the less you earn in trading"
"The more you click in trading, the more your earn in trading"
"If you can not recover drawdown, then you will stay down"
"Do not manual back test it, manual guess it"
As with the original Reminiscences, Author Unknown.
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Most likely an inverse of holy grail or inverse of profitable trading-investing.
Failure @ closes + learned. [Fcl]
Or failure, clown learned
.Nothing like a good education or good experiences.