It is IMPOSSIBLE to make money in the markets

Quote from steve46:

I refer you to "The Stock Trader" by Tony Oz.

The gentleman took only longs in a shitty downtrending market using primarily support and resistance to find entry and exits.

I myself have been using support and resistance for slightly more than a decade....Retired last year....no need to work again...

My mentor used support and resistance for a period of 40 years, retiring with an estate valued at approximately 70 million....

So

I am pretty sure I have said this before but what the hell....

Support & Resistance only "work" to the extent that the trader understands the concept of "tests". Traders who know how to wait, and watch and evaluate how price acts as it "tests" support & resistance, are able to make decisions that result in profit....Those that don't have the skills or the judgement, well no one is going to stop them from making decisions, but the outcome tends to be more or less random...
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I am of the same opinion on the subject.
 
You can defenitely make money trading one market. I don't think its the right thing to do but it can be done.

The ''pros'' are trading multiple products/strategies/time frames they're also trading options (which in my opinion is the place to be since its infested with people who lack the required knowledge to particýpate).
 
what is found on forums won't make u a trader......only u can do that.......quit begging for crumbs....my friend romik...leave quickly.... get off here before they attack you......u don't deserve the treatment that is coming i f u stay here......especially when you make them think u r happy with your trading career......
 
b1b2...romik...4re....and a few others........i am jacking with these clowns here.......i am running out of material....don't take it personally....guys like them are the main reaons i don't give the real deal away........the clowns being rip, ozzy, bitstream........
 
Quote from porgie:

b1b2...romik...4re....and a few others........i am jacking with these clowns here.......i am running out of material....don't take it personally....guys like them are the main reaons i don't give the real deal away........the clowns being rip, ozzy, bitstream........
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man, are u loaded with issues or what...wtf did i say that made u all wet, can u explain?
 
the real obstacle is the guy sitting in the trading chair, not the systems ...the entry is simple going up buy going down sell.......no big secret.....
 
bitstream,

u r correct i checked the posts and you made the grade....excuse please.....now we only have rip and ozzy in the deflated hot air balloon, which is still quite sufficient for liftoff......
 
Quote from porgie:

bitstream,

u r correct i checked the posts and you made the grade....excuse please.....now we only have rip and ozzy in the deflated hot air balloon, which is still quite sufficient for liftoff......
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If you stick around trading YM long enough, I'm end up going to take your every dollar, quarter and the very last penny that you have.

Umm.. thus thread carefully. Don't tell me I didn't warn your azz.
 
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