for the retail trader, informational advantage( how to get it) is something he/she must learn on their own, and unfortunately, just when it is being understood, it often changes--rendering a shifting target.
you still going tuesday?
It is IMPOSSIBLE to make money in the markets
- Thread starter Ripley
- Start date
for the retail trader, informational advantage( how to get it) is something he/she must learn on their own, and unfortunately, just when it is being understood, it often changes--rendering a shifting target.
you still going tuesday?
Quote from Ripley:
Damn... I wish I had some informational advantage like the pros does.
i'll be sure to introduce you to several who do.
Sorry, l'll guy.
Saying it can't be done doesn't change the facts.
The private trader can make a fine living in the markets.
But this will not sink into a concrete head...so what the hell:
Saying it can't be done doesn't change the facts.
The private trader can make a fine living in the markets.
But this will not sink into a concrete head...so what the hell:
informational advantage? emini daytraders don't need any information about anything but which way is the price going right now......looking for such stuff is looking for the crutch......looking for an excuse not to enter the trade where the pain has been so many times......i am not trying to be cute or smart aleck.....the more information u drag into your picture the more it confuses your mind when u really need to keep your mind out of the trading as much as possible....MECHANICAL TRADING IS THE ANSWER FOR BEGINNERS AND MANY PROS...........find an entry signal that works over and over and over..THAT IS YOUR EDGE.......YOUR EDGE THAT THE MARKET ALLOWS YOU TO TAKE ADVANTAGE OF....... ......then add more signals just as good or use just the one.....when u see it take it.........not worrying about what the pro's do, or what the redbird is doing outside your window, as they both mean about the same to your emini daytrading........actually the redbird is more important to me because i can see him and i like him.....the pro means zero to me.......the only enemy you have in this business is the one in the trading chair pushing the u know what..............and the short time frame charts....3 5 etc2 and 1 ........TOO MUCH STUFF TO LOOK AT AND CAN CHANGE DIRECTION ON YOU BEFORE YOUR EYES BLINK........S/R...JUST AS BAD.....VOLUME....DOES DAYTRADING SCALPER NO GOOD....SCALPING MEANS FOR INSTANCE 2 PTS ES........10 PTS YM.........3 PTS NQ...........OR SOMETHING LIKE THAT..... JUST MY HUMBLE OPINION
If pros don't matter, red bird doesn't matter, Support & Resistance doesn't matter, nor Volume doesn't matter.. The only thing that matters is price. If the price is going up or down.
The only problem is I see price going up, and I go LONG, then it starts going down, and down. Then, when I get out and go LONG, it starts to go up. up and up...
How can someone overcome the nature of prices? and that is it just doesn't want to go where you think its going to go.
the problem we got is the highly compressed ranges...u gotta wait for price to tell u the tale otherwise u just left guessin' the mkt but apparently guessin' seems the only way to do it on futs, especially in the past couple of months...stocks havent been that better either except a few solid gaps, but hang on ripley maybe vix will have another huge spike and u'll begin to bring home your dear $1mln...may be sooner than u think and that's all u need.
mechanical systems .......i like for the system to do the thinking.....my mind is not welcome to enter the trade.........money management trade management .....i call those stops....breakeven is my best friend..........5 years ago i thought just go with the flow.......today i do......finally......slow learning fool am I......a thousand times i would be back to square one with tears..........like the guy who was lost and walked for days and came upon a pile of ashes from the campfire he put out the first night he was lost......... ...
Decrease you time/frame and lean to scalp. There are usually about 3-4 primo setups per day on the ES. You slap this pig with 100 contracts or whatever you fancy and voila you are a freaaking mother fucking rich.
There are a few guys on this board who are doing exactly this. I'm not doing size on this strategy but I will in the future.
This is only one strategy. In my opinion you need to have multiple strategies on multiple time frames on multiple products. Doing all this is no easy task, it takes time to get to this level but belýeve me the mother fuckers who are doing this are laughing all the way to the bank.
Once you get a handle on this beast don't let go keep smacking it over and over and over until you reach goals.
And lastly never quit.
There are a few guys on this board who are doing exactly this. I'm not doing size on this strategy but I will in the future.
This is only one strategy. In my opinion you need to have multiple strategies on multiple time frames on multiple products. Doing all this is no easy task, it takes time to get to this level but belýeve me the mother fuckers who are doing this are laughing all the way to the bank.
Once you get a handle on this beast don't let go keep smacking it over and over and over until you reach goals.
And lastly never quit.
Very poetic porgie ... felt like that on my most undisciplined days too.
Language to my liking Ozzy. Don't hold back. Tell it like it fucking is!!!
Having just completed my 3rd winning hsi trade in a row (now 5 out of 7 with winners twice the largest loser) and thinking there's maybe one more for the afternoon I'm wondering why anyone would think trading was hard.
Personally its only ever hard for me when for some reason (self sabotage, piss poor impulse control, who f'ing knows) I repeatedly make trades that fail to comply with my system. If I comply then its easy ... amazingly damned easy.
So, Ripley, in this momentary feeling of warmth (yes, ur right I could get the same feeling by pissing in my wetsuit ... trading in his wetsuit you ask???) I ask you this question. Why has your trading failed? What was the problem? Was it that your system failed? Was it that you couldn't trade it (see reasons above why I sometimes go wayyyyy off track)?
I ask because the only losing days I've had in the last 6 months (I did my half year review this weekend) were when I failed to trade by my system (and failed badly - sometimes I piss myself off). The ONLY losing days. What went wrong for you?
Language to my liking Ozzy. Don't hold back. Tell it like it fucking is!!!
Having just completed my 3rd winning hsi trade in a row (now 5 out of 7 with winners twice the largest loser) and thinking there's maybe one more for the afternoon I'm wondering why anyone would think trading was hard.
Personally its only ever hard for me when for some reason (self sabotage, piss poor impulse control, who f'ing knows) I repeatedly make trades that fail to comply with my system. If I comply then its easy ... amazingly damned easy.
So, Ripley, in this momentary feeling of warmth (yes, ur right I could get the same feeling by pissing in my wetsuit ... trading in his wetsuit you ask???) I ask you this question. Why has your trading failed? What was the problem? Was it that your system failed? Was it that you couldn't trade it (see reasons above why I sometimes go wayyyyy off track)?
I ask because the only losing days I've had in the last 6 months (I did my half year review this weekend) were when I failed to trade by my system (and failed badly - sometimes I piss myself off). The ONLY losing days. What went wrong for you?