Noblehawk, you are making a lot of excuses here. Look, trading is hard work. Guys that do well at it bust their ass. You need to put some effort into this. From what I can see, you are doing everything wrong and going about this the wrong way. To be fair, it really helps to have a mentor when one gets into this business and I had a great one but I still busted my ass. There is so much opportunity out there my biggest problem is trying to organize it. But you want to stay in your comfort zone and it appears to an outsider that you are putting little to no effort into this. I might be wrong, this is just one man's opinion.
the market is totally being controlled!
- Thread starter noblehawk
- Start date
Thank you for your opinion. But please be more details.
Dude, stay in the comfort zone is the best way to make money, as it raise the odds.
Trading is not working at factory, it is killing. choose the best stock at best timing and kill fast.
Any opinion?
Anybody here? I am new to the site and do want to make some good traders friends. It is hard to meet one good trader and discuss about the trading stuff meaningfully.
From a trader's lonely heart
You are welcome.
Yes, but the pros do not trade (chase) breakouts like that, they wait for a pullback to the breakout line and THEN they buy. This gives them the best entry point possible and a highly improved risk/reward ratio, assuming the breakout is real of course. These pullbacks occur almost 50% of the time according to my own tests and observations.
You really believe that the market is out to get you?
If you want to make money in this crazy business you have to stop thinking like that. Just find a good trading opportunity, pull the trigger, place your stop and let the market do its thing.
That's all there is to it.
Well, let's see how POWR and LEAF behave the next few weeks...
You are welcome.
Yes, but the pros do not trade (chase) breakouts like that, they wait for a pullback to the breakout line and THEN they buy. This gives them the best entry point possible and a highly improved risk/reward ratio, assuming the breakout is real of course. These pullbacks occur almost 50% of the time according to my own tests and observations.
You really think that the market is out to get you?
If you want to make money in this crazy business you have to stop thinking like that. Just find a good trading opportunity, pull the trigger, place your stop and let the market do its thing.
That's all there is to it.
Well, let's see how POWR and LEAF behave the next few weeks...
Dude, thanks, I like it.
But
1. It is hard to draw the breakout line as everything comes afterward, technical analysis is always late.
2. the odds of technical analysis is less than 50% now,if you include the big guys try to use it to play us.
So i prefer to going back to the original point = totally follow the trend. It goes up, i go up, it go down, i go down. but by doing this, you need to master 2 things:
(1) loss cut, of course, as the trend can turn around suddenly
(2) the most important and beautiful thing: you need to know and feel how the big guys play the stock. Laugh! that is why i only trade those stocks i know well.
Any opinion?
Of course, I am in control of markets. If you want to make money, you need to do everything possible to be friend of mine
Then I will give you precise info about how and when to trade so you will make gzillions of money...
Dude, thanks, I like it.
But
1. It is hard to draw the breakout line as everything comes afterward, technical analysis is always late.
2. the odds of technical analysis is less than 50% now,if you include the big guys try to use it to play us.
So i prefer to going back to the original point = totally follow the trend. It goes up, i go up, it go down, i go down. but by doing this, you need to master 2 things:
(1) loss cut, of course, as the trend can turn around suddenly
(2) the most important and beautiful thing: you need to know and feel how the big guys play the stock. Laugh! that is why i only trade those stocks i know well.
Any opinion?
My points of view:
ad 1. I trade opposite way, so I do not use trend lines at all.
ad 2. I can bet that I am able to keep my win ratio long term around 70% with RRR near 1 - this is true even for periods of time like 2008/2009. I mean this bet seriously, we can use broker statements as prove if bet will be interesting
It is important to use TA in non-traditional approach like trading baskets of stocks fully mechanically.
ad (1) I don't do this. I have exit rules, but they are not based on actual open P/L of trade at all. They are based on probability of move of each particular stock.
ad (2) I trade stocks where I even do not know name of the company. Feel has nothing to do with trading from my point of view. Knowledge, of course, is important.
Of course, I am in control of markets. If you want to make money, you need to do everything possible to be friend of mine
Then I will give you precise info about how and when to trade so you will make gzillions of money...
Laugh
Of course, I will never fight with the market.
But watching those tiny money I am making everyday, just wonder when the market can be generous to increase the volatility ?
Now no one can make money, even those big guys. It is boring to death.
The breakout line is easy to draw, even though there is some subjectivity involved. But granted, drawing these lines does require some experience.
Here are the breakout lines for LEAF and POWR, see below.