Reviewing my trades

do not complicate trading.

locate the trend identify it. you can do it with eyes with trend lines with ema and maybe many others.

then enter it . you can wait for a pull back or you may not.

then take your money and laugh to the bank.

do not lose the objective of what you are trying to do.

i draw trend lines to find a trend.

i then decide what to do.

that is it why this argument about BROOKS WADE padu trader.
 
trading is easy simple.

but is not about clicking buy sell randomly. like my friend, @SimpleMeLike here suggested you do.

you do need to trade the trend or a trend.

trend lines are a beautiful way of finding the smallest of trend.
 
traders say 'oh i am a trend trader.'

what other type is there?

but if i ask "ok what trend are you trading ?"

90% of them will have no answer.

no wonder 90% lose
 
traders will trade what they see what they know and that is always hindsight.

no one can see the future to trade it -you can only trade the past-so Nostradamus must have been the greatest trader ever.

but do not trade in the past.

trade the past

there is a small difference. but a critical one.

"the past is prologue"
 
Last edited:
you exit when the trend ends.

the stop must be put where the trend ends.

that is not easy to know, when you take the position, though sometimes it is known.

so wait for the trend to end and then exit the position.

putting a stop some where is not risk management it is ideocracy.

there is no risk unless the trend has ended
 
do not forget that a range is also a trend.

and of course there are trends inside of ranges.

and the whole range may be trending slightly up down :when it does this is known as channels
 
You must log in or register to reply here.
Back
Top