Secrets to success in trading

Cswim63 · May 23, 2018

It has to be this way, otherwise markets would cease to function.

schweiz · May 23, 2018

Cswim63 said:
It's obvious to you, not everyone else. At the end of the move, it's obvious to everyone. Then it reverses.

Ok, next time when I have a signal I will ask ET members if it is obvious for them. Depending the result of the poll I will enter or not enter.

How can you know if it is obvious for you alone or for many people???

Cswim63 · May 23, 2018

Atta boy. BTW, your emoticon's teeth need brushing.

schweiz · May 23, 2018

Cswim63 said:
Beware moves which have become obvious, especially the shorter time frames. If you're already counting the money in your head, it's probably an overly traded move. Standing aside is also a position (L. Raschke)

If you have a good system, and if you backtested it enough and correctly, you should know how then probablities are for making money or not. So I don't agree with Linda.

Cswim63 · May 23, 2018

Yeah it's more of a rule for discretionary traders.

schweiz · May 23, 2018

Cswim63 said:
Atta boy. BTW, your emoticon's teeth need brushing.

Tell it to Baron, he gave me this emotion. He should clean the teeth.

schweiz · May 23, 2018

Cswim63 said:
Yeah it's more of a rule for discretionary traders.

I am a discretionary trader... :wtf:

Cswim63 · May 23, 2018

You said you have a system

Cswim63 · May 23, 2018

Or I guess you can be a hybrid trader. (Raschke)

schweiz · May 23, 2018

Cswim63 said:
You said you have a system

Yes, a discretionary trader with a system. The system is my inspiration and guide. A discretionary trader needs info too, he cannot just trade on good feelings or intuition.
The system proposes things and I decide what to do with it.