Successful traders keep silent because trading is so simple...

its not about any secrets. its about individual method/approach/understanding/risk tolerance. why else would anyone sell the stock when you are putting a buy order expecting the stock to go higher?
 
Quote from beginner_av:

its not about any secrets. its about individual method/approach/understanding/risk tolerance. why else would anyone sell the stock when you are putting a buy order expecting the stock to go higher?
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You are on to something. But I am not satisfied with the answer, yet.

nitro
 
You have to know who is most likely taking the other side of your trade. At least with stocks you need to know where a daytrader and momentum players would take their profits. You need to know where a swing trader would most likely take his profits, and you need to know where a long term investor would take his profits. It makes your decisions easier on when to get in or out of a stock.

With futures, price action is all you need to pay attenton to along with s/r.
 
Currently burning: :cool:
Acc to G7 trading system,
The Euro hovers under 1.38 versus the dollar, while the sterling strengthened to test the 2.04 level for the first time in 26 years.
The dollar remained under pressure as inflation and housing data to be released this week are expected to be weak.

Eur at 3.6777 :D
Weekly trend reversal level: 1.3590
The Euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.

Any more news??:confused:
 
Trading is very simple and very difficult. Simple does not mean easy.

Here is the Holly Grail:

If F stands for the % of wins (the number of wins divided by the sum of wins and losses) then plot this:

(1-F)/F

on a chart with horizontal access of winning % and vertical access of Win/Loss Ratio.

To be a successful trader you SIMPLY need to keep your trades above the line plotted above. You can use any method you want. You can even watch Cramer on CNBC and follow him. It does not matter. Just keep your trades above the line.
 
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