I will make a live You Tube channel and call out live day trading calls. As everyone knows, I will lose money. You can make money by doing the opposite. Honest opinions, will this work?
So I have an idea....
- Thread starter Kim Jong Un
- Start date
I hope your serious. I have it running in the journals. The other side is doing as well as I'm losing, but still doing pretty good. I'm getting my absolute ass kicked, as I knew I would .
Not really may not work
trading is not some secret ability…..it is mangement
I am right about market direction every time....but once I get in the trade, I chicken out....the market keeps giving me very good reasons why my trade is wrong.
It has to... because the market needs traders to take the wrong side, if not the market would close down
or to put in another way the market will take the opposite side of your trade, if not it will not have a trade, since it needs liquidity and it is not going to get liquidity from the right side, only the wrong side! .
or to put it in yet another way: even if you take the right side to begin with, if there are too many traders on this right side, the market has to take the opposite side ,if not it will get the liquidity it needs;
the market's job is to execute orders and where will those orders be? mostly on the wrong side.
that is why sometimes the market moves opposite direction to what is the 'logical' direction
so even if i take the other side of your trade, even though you may be always wrong, i may not make money unless i manage the trade correctly.
trade management , is not entry management alone but also money management,self management and exit manangement
Last edited:
Damn, my head just exploded.
shouldn't u get ready for another meeting with donald j trump instead of trading?
Sure why not? But why would you do that? Don't you want to make money? Otherwise why trade?
I think the definition of a loser is someone who consistently losses? It's what I'm good at. I'm kind of like the villain in a child's movie. I can try to be a winner and fail at life, or just embrace who I am. If you're good at something, why change it? If I consistently try to win, I will lose. So, by keeping that going, I can still be a benefit. I can help others know what not to do.