"Technical Analysis Doesn't Work... TA Sucks", you say?
- Thread starter Scataphagos
- Start date
SmL, I really hope you are successful..I for one,appreciate your honesty and enthusiasm..
Hello taowave,
Thank you buddy. I am already successful.
I am very honest, no need for me to pretend or liar and be thief and waste others traders time as so many wanna be traders/educators pretend to do.
I will always and forever be enthusiasm about trading the ES futures market.
I Thank God EVERY MORNING for allow me to trade the ES markets. How else can man get make millions in 1 years in this world at at discount?
Once I make $1 million dollars trading the ES market by December 2023, I will open a journal and ONLY post my broker statements so other new traders can see it is possible. And NO I am not showing them how I did it AT ALL. I will just show the proof and brag and talk shit and brag some more.
"I been buying NG couple months/hedged, system will eventually find bottom." -- Handle 123
Just as I suggested y'day... "accumulate at these low prices and ride-out until the seasonal rally"... as close to a "no brainer" as you're likely to see.
Conventional wisdom is to "not try to pick the bottom".
PTJ famous quote... "I've made 10 times more money trying to pick the bottom than I ever made not trying to pick the bottom".
You might have a tough row to hoe, buckeroo... 1st time I made $1MM in a year, I was giddy for 6 months. Told my parents... they didn't believe me! (A couple of years earlier, they'd refused to lend me $10K for the down payment on a town home out of concern I wouldn't be able to pay it back... ain't that a hoot?)
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Good Morning Scataphagos,You might have a tough row to hoe, buckeroo... 1st time I made $1MM in a year, I was giddy for 6 months. Told my parents... they didn't believe me! (A couple of years earlier, they'd refused to lend me $10K for the down payment on a town home out of concern I wouldn't be able to pay it back... ain't that a hoot?)
How are you doing buddy? Thank you so much for helping me in my trading career so far. Our private conversation help me. I learn alot from you from the mental approach to trading Price TA, and keeping it simple.
Thank you,
Well, regarding the $1MM in a year. I do not want to trade any more if my goal is less than $1MM in a year. It is not worth trading market for peanuts and making a living. In my belief, trading the market is for getting rich as fast as possible, it is not for playing around.
Congrats to making $1MM in a year. That is an awesome accomplishment.
Your parents did right by not lending you $10K for down payment on house. I am very happy my mom never gave me any money after 18 years old and told me leave her alone.
Parents are not suppose to give their adult a penny. Not even a penny with a hole in it. Room and board is good enough.
Your goal as a trader should be to become more knowledgeable and better disciplined. Nothing matters more. The money WILL come when you get better. Don't be in a rush for success. Your objective should not be "money today" but rather "get better today". All the benefits will come when you're ready.
(I used to be a professional bowler... pretty good one, if I don't mind saying so... made a living with my bowling ball for ~10 years... Local USBC Hall Of Fame Member and in the Collegiate Who's Who. Schooled in science... graduated Suma Cum Laude in Chemistry and Biology... I understood the physics and the requirement to repeat execution. Can't win anything without that. Similar notion in trading. When YOU get better at the fundamentals of trading, success will come. Recalling from memory... I first started investing/trading with a $25/mo bank draft into Templeton Growth mutual fund.... lived in a cheap 3rd floor, 1bdm apartment and drove a VW Beetle. It wasn't until 16 years later that I made my 1st $Million in a year.)
FWIW...
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Hello Scataphagos,
I respect you fully buddy. However, I personally disagree with your comments.
None of that knowledgeable and disciplined and gets better stuff works for me.
I have one goal and one goal only in my trading day-to-day. And that is to end the day positive PnL and make money, no matter what.
There is 8 hours of trading per day, I must make money everyday. PERIOD.
And yes, I am in a rush for success. I do not want to be +60years old just now getting it. I want to be rich and to be rich, need to make money EVERYDAY. PERIOD trading the ES market. no need for me to look at any other market or stock.
There is no such thing as getting better as trader. Click the buy and sell button allll day long everyday and make money every day. PERIOD. And do not stop until PnL shows green. Do it again everyday until rich. PERIOD.
If I can not make money everyday and not make $1MM trading per year, I am losing unsuccessful trader. Period.
We have communicated via PM. My advice remains the same. Learn and execute Price TA... it's the easiest of all the ways to understand and "skin the market's cat".
Getting rich is likely to be a "compounding journey". You'll likely need to "grow your capital consistently" to be able to get rich... takes a while for most traders.
How are you able to do this without a method to determine when to buy or sell to enter a trade and a method for exiting?