Is Trading As Easy As This?

[omegapoint]

Quote from heypa:

Herds are a learned defense mechanism . Without such cooperation between individuals I doubt if many such species would have survived.
Don't malign successful methods.
Predators take the careless, weak, and those that are bold beyond their ability.

Kinda like lobbyists take politicians?

 

[heypa]

Right on. Politicians are for the most part bold beyond their ability.
They are an especially protected species.
Unfortunately.

 

[bestautomatedtr]

Quote from Runningbear:

That's like saying the process to becoming a world class Formula One driver is as follows:

A) Put on helmet

B) Put on fire proof suit

C) Get in car

D) Take off at the start line.

E) Travel though each corner at just below crash speed.

F) Pass all other cars

E) Stand on podium while hot bitches spray you with champagne

this is step by step to pass a car, is it free to apply in trading?

 

[Ghost of Cutten]

Quote from tradingjournals:

2. Used methods to verify that the trend is not at its end.

3. Wait for a pull back in an uptrend (or a bounce in down trend) to get in

Which methods verify the trend is not at an end?

If you wait for a pullback, don't you risk missing further continuation of the trend? A trend is, after all, more likely to continue than to pull back, almost by definition.

 

[spindr0]

Quote from jinxu:

You've been here for only 3 months and you already made 789 posts. wtf!?

And that isn't counting his previous user names

 

[tradingjournals]

Quote from Ghost of Cutten:

Which methods verify the trend is not at an end?

If you wait for a pullback, don't you risk missing further continuation of the trend? A trend is, after all, more likely to continue than to pull back, almost by definition.

You are the only one who caught the little detail about trend verification. You must be very intelligent. Has the the idea been discussed in literature? I have my methods, and I do not know if other methods have been discussed in the literature. My methods are proprietary.

As for pullback vs. trend, it is not against a trend continuation. It reflects fluctuations in a trend, and depending on their amplitudes and period,s one may or may not want to wait for them to get in. The trend makes the money. Entering in a retreat (thanks to fluctuations) allows one to reduce the cost of a stop.

 

[candletrader]

Quote from Runningbear:

That's like saying the process to becoming a world class

E) Stand on podium while hot bitches spray you with champagne

You do not need to be a formula 1 champion to get the hot bitches.

Trust me on this... I get hot bitches around the world.

 

[konviction]

Quote from candletrader:

You do not need to be a formula 1 champion to get the hot bitches.

Trust me on this... I get hot bitches around the world.

You mean when your chatting with them online from your moms basement? j/k. .................unless you really do live in the basement, then id feel bad for crackin on you. :eek:

 

[candletrader]

Quote from konviction:

You mean when your chatting with them online from your moms basement? j/k. .................unless you really do live in the basement, then id feel bad for crackin on you. :eek:

Just got back to trading after a few year's hiatus playing internet poker -- hit a brick wall at mid-stakes and decided to come back to trading due to scalability problems.

Anyway, to cut a long story short, I've been playing poker on a laptop in several countries around the world, to give me the opportunity to bang their bitches.

 

[trickshot]

Quote from tradingjournals:

1. You find an instrument that is in a trend.

2. Used methods to verify that the trend is not at its end.

3. Wait for a pull back in an uptrend (or a bounce in down trend) to get in

4. Use money management to decide on size.

5. Manage the trade as market evolves.

If it is easy, then why people fail?

Which part(s) in the above process you think causes people to fail?

Do you have another process (or additions/amendments to the above process) you want to share?

You will never know if an instrument is trending or chopping until after the fact. Charts only show you the past, and not the future.