Quote from filter_sweep:
FXWave -
A few points:
- If you didn't expect a hazing by the way you introduced yourself, that was an error of judgment on your part. You don't run into a wolf den and start beating your chest and not expect to get bit. Even if you had posted audited account statements you would have been hazed. The best approach would have been to quietly started a journal and start making calls.
- Traders are highly efficient pattern recognizing machines... we leverage previous experience to make future predictions. We've all seen the wannabe guru pattern fail so many times that we've been conditioned to believe it will always fail... it's up to you to prove that you're different (although I'd give it a less than 5% probability), and you should have expected that you'd be facing an uphill battle when you walked in the door.
- It may feel uncomfortable, but a "call" does include an entry, stop loss, and target. That is the only way to demonstrate profitability. Fuzzy forcasts that lack one or two of these 3 elements are the realm of talking heads, newsletter vendors and blowhards. If you are one of these, you would be more welcome on CNBC. Out here, in the real world, us traders have to deal with hard, cold reality. We have to enter, manage, and exit trades based on actual price levels based on an objective methodology. The results may not always be pretty but we can't run away from our P&L, which ultimately defines our success as a market participant. If your future calls don't include all 3 of these elements, no one here will take you seriously, with the exception of the newest newbs, who the old guard is trying to protect, while having a little fun at the same time. I suggest you stop posting in this thread and start a real journal, or leave before you waste anymore of your time, unless you would like to continue to be the court jester de jour and give us more entertainment.