Sincerely asking for Help

Quote from chipmunk:

can't have been that strong can it....how old are you now?

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Always had a strong desire to trade since I was 16. I wake up every morning loving watching the markets and know this is my calling.
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Then work it out for-self. This is B*S*. You want advice on your "calling"? Doesn't make sense pal.
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How would anyone learn anything if they didn't learn it from someone else? Everything you read to form your current strategy was from someone else. It was up to you to interpret what to use or leave out.

You're like the asshole teacher in school that makes kids feel shitty for asking a question.

I'll ask for advice if I want to and it makes perfect sense to do so! I have had offers from very helpful traders that have been in the business for 30 years PM me.

YOU are the one that makes no sense
 
why not read about Larry's book,it really has something useful.But the most important thing is practice, with real money.You lost,and you get.Know about the structure of the price is the first thing you have to do,indicators are bullshit,they born lag.
 
Quote from bigpapi:

Easier said than done, what about gap ups and what happens when you enter and the thing turns against you, what is the risk tolerance for any particular entry, how do you manage your stops and what about a stock that suddenly decides to go sideways or takes your stop and continues going up, do you just get back on? What about market conditions and fed announcements? How do you pick the stocks? It would be great if it was just trend following we would all be super rich but sadly that stratergy fails if not backed up with all the above and more.
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I usually set my stops below the 50 sma, after the close. If the close is at or below the 50 sma, get out: no questions asked. If it turns against you, it would have to violate the stop first, which should be set with ample space for movement. Risk is risk. Only you know what you are able to lose and how much. On;ly you can answer such questions. If you are trading real money and still having these issues, my advice would be to start over from scratch and learn the basics first. Trend following does not care what the fed announces or why. News is just noise in the market. All of those issues are already figured into the price, long before you ever get into the market. That is why when news comes out, you will notice that 85% of the time the stocks price only moves with tremendous volume and not the news. The majority of the time, it staggers. That is because the price chart is already adjusted to the news long before you ever get the news. They (market makers) have an edge called privy information. That is why so many people get in trouble for insider trading. If there was no edge they would be flying by the seat of their pants you are!!
 
Quote from joeke:

Let's see what happened when SCT told Jack the most important turning point in his 53 years of trading was about to occur

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2776348>

Wow.. I hope we don't have to wait another 53 years for something as monumental as that to happen again :p
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ROFLMAO!!! THAT IS FUNNY AS HELL!!!!!
 
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