Hello easymon1,
I just click buy and sell button all day long. I found out that stats tracking was waste of time.
"Technical Analysis Doesn't Work... TA Sucks", you say?
- Thread starter Scataphagos
- Start date
I just click buy and sell button all day long. I found out that stats tracking was waste of time.
If I recall, that's how tradergod/Padu used to trade.
The outcome....
...a blowup
Hello themickey,
lol, Yes my good buddy Padu. He tried really really hard to trade price action for about 15 years I recall from our conversation. Unfortunately he could not get consistently profitable.
I thought his price action skills was pretty good for the most part. He is a good man. I miss chatting with him.
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That's debatable, besides that though, some are just not cut out for trading, no matter what they know or what they do.
The brain requires certain correct wiring to be able to accomplish the task.
I would imagine here on ET, there are quite a number of very savvy traders, it takes brains, cunning, skill, thinking outside the square.
Like sportsmen/women, it's a gift they have plus the application.
I have yet to see a succesful player spend their days talking shit such as tradergodawful.
Hello themickey,
I agree with you. Trading is the tuffest career or adventure I ever encountered.
It does a require a certain mindset and skill and confidence level to make alot of money in this trading, consistently.
Hate to break it to you but range bars (and other pseudo bar types) are the exact opposite of pure price action.
Hello SunTrader,
May I please ask your reasoning for saying this "Hate to break it to you but range bars (and other pseudo bar types) are the exact opposite of pure price action."
Do you believe time base bars are more pure price action?
Thank you
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I think the toughness comes from needing to overcome ourselves, our own shortcomings.
Trading itself is not that tough. But there are natural obstacles one must overcome first, being, access to data, access to privacy and a working space, access to hardware, software and ability to operate computers.
After that, it's largely a battle with yourself, ability to focus, think, plan, excecute, strategize, prioritize etc.
It's been said numerous times, giving someone a plan doesnt equate to following the plan.