TA experts: can you explain this?

[J_Smith]

Predefined targets are just the thing ... to cut profits short.

It all depends on what you are trading, when you are trading, and how you are trading!

Higher gain carries higher risk.

I would make a guess that most traders here would be happy just to make a profit, let alone let profits run!

There is one very important point (in relation to predefined target) in the last post I made, and this is not just me saying it, it is an observable fact - and can be found in the P.I.S.S

100 pennies make a pound!


A = P (1+r/n)nt

J_S

 

[SunTrader]

It all depends on what you are trading, when you are trading, and how you are trading!

Higher gain carries higher risk.

I would make a guess that most traders here would be happy just to make a profit, let alone let profits run!

There is one very important point (in relation to predefined target) in the last post I made, and this is not just me saying it, it is an observable fact - and can be found in the P.I.S.S

100 pennies make a pound!
A = P (1+r/n)nt

J_S

I missed the PISS class.

Still no matter, predefined targets are just the thing ... to cut profits short.

Price moves where it will, has no conscience, cares not a wit about someone's target. How price responds at a particular level matters.

Buy at 10, sell at 20 while it never hesitates and goes to 30 and beyond. Why exit at 20?
"My plan called for it". Good to have a plan ... that makes market sense.

 

[Camilo99]

J_Smith you're right that you're not an expert. But thanks anyways.

 

[MadeMan]

Hi all

I have been following this stock and have seen very unusual activity lately. Check out this graph of what happened this morning. Can you explain what could have happened here?

View attachment 153893

effort vs. result

 

[J_Smith]

I missed the PISS class.

Still no matter, predefined targets are just the thing ... to cut profits short.

Price moves where it will, has no conscience, cares not a wit about someone's target. How price responds at a particular level matters.

Buy at 10, sell at 20 while it never hesitates and goes to 30 and beyond. Why exit at 20?
"My plan called for it". Good to have a plan ... that makes market sense.

Like most, you miss the point!

Learn to see what the guys with big money do and it will then become obvious.

J_S

 

[J_Smith]

J_Smith you're right that you're not an expert. But thanks anyways.

You are welcome

J_S

 

[SunTrader]

Like most, you miss the point!

Learn to see what the guys with big money do and it will then become obvious.

J_S

Funny, that is what I suggest you do.

They didn't get to be "guys with big money" by taking small profits. Well other than the HFT quants.

 

[J_Smith]

Funny, that is what I suggest you do.

They didn't get to be "guys with big money" by taking small profits. Well other than the HFT quants.

I already have the setups to see them real clear - Piece of P.I.S.S

Anyway, things will never change for most - just as well I suppose or my setups might suddenly become redundant

That cat is in the other tree

J_S

 

[barcadia]

you can look at a chart and know what the big money is doing, Jsmith? That's impressive.
Are you able to exploit this in real time?
I'd love to see a demonstration?
regards.

 

[J_Smith]

you can look at a chart and know what the big money is doing, Jsmith? That's impressive.
Are you able to exploit this in real time?
I'd love to see a demonstration?
regards.

BC,

If I gave a demonstration I would be showing all with a few simple posts what took me years of hard work to finally see - so that will never happen, sorry!

I will say that WHAT you trade, WHEN you trade and HOW you trade can make all the difference.

The best way to trade is with low risk - should be obvious why!

Does anyone need a mentor - nah, just need to open the eyes and do what the big boys do, on a smaller scale of course.

Actually, maybe I am an expert - whatever that is

J_S