The NO. 1 Secret Of Success In Trading

[lawrence-lugar]

ah....traders all have different opinions
you have your own and i have my own
we will see who is right or wrong 6 months from today?

All of these type of threads are like beating a dead horse...just seems like a bunch of empty ...words, and wisdom, and experience and theoretical advice and trading and questionable success.

They just go on and on, and on. -- But then again, trading is like art...we all interpret it in our own, unique...maybe crazy or divine ways.

I wish we could magically peer into each other's trading accounts to gauge real world, bottom line performance ,
The end all, be all solution to these relatively silly, somewhat hot-headed trading debates that pop up every two weeks.

 

[Troy Bombardia]

I think the key to successful trading is to always backtest your ideas. Don't believe in certain strategies or ideas blindly. Always find the data to prove or disprove your thoughts.

 

[volpri]

All of these type of threads are like beating a dead horse...just seems like a bunch of empty ...words, and wisdom, and experience and theoretical advice and trading and questionable success.

They just go on and on, and on. -- But then again, trading is like art...we all interpret it in our own, unique...maybe crazy or divine ways.

I wish we could magically peer into each other's trading accounts to gauge real world, bottom line performance ,
The end all, be all solution to these relatively silly, somewhat hot-headed trading debates that pop up every two weeks.

The way Justice beat the dead horses in the derby the other day? Justice is a winner! It is important to win!

 

[vincentnyc]

I think the key to successful trading is to always backtest your ideas. Don't believe in certain strategies or ideas blindly. Always find the data to prove or disprove your thoughts.

Wrong. Backtest is useless just like indicators. Players keep changing in the market. Always different players in the market.

 

[schweiz]

Players keep changing in the market. Always different players in the market.

How do you know? Do you have a list of all the players day by day? And do you check who went in and who went out? Also the volume they traded? Your statement is pure nonsense. You don't have the information needed to make any sensible statement at all.

Type of traders (daytraders, HFT, LT traders...) can have an influence but the indivual players are not important as one can replace another one without any problem if they trade the same way.

Never heard of mass behavior? Pattern recognition?

 

[vincentnyc]

How do you know? Do you have a list of all the players day by day? And do you check who went in and who went out? Also the volume they traded? Your statement is pure nonsense. You don't have the information needed to make any sensible statement at all.

Type of traders (daytraders, HFT, LT traders...) can have an influence but the indivual players are not important as one can replace another one without any problem if they trade the same way.

Never heard of mass behavior? Pattern recognition?

Ever heard of what works (strategy)in the past may not work in the future? Because the market is dynamic and players are changing. There are thousand of patterns out there. Lol. I don’t use pattern either. What works for me are support and resistance.

 

[schweiz]

I don’t use pattern either. What works for me are support and resistance.

Support and resistance are patterns too. LOL
Good patterns are also dynamic and self adapting.

You did not answer my question: how do you know who is trading and who is not?

 

[vincentnyc]

Support and resistance are patterns too. LOL
Good patterns are also dynamic and self adapting.

You did not answer my question: how do you know who is trading and who is not?

No one know who is trading. But I know there are different players all the time. That goes for past, present and future.

 

[Xela]

Energy is not a tame beast.

This is definitely right.

It's exactly the sort of wild, roaring, furry beast that can suddenly decide to turn on you for no apparent reason and chew you up a bit ...

 

[vincentnyc]

This is definitely right.

It's exactly the sort of wild, roaring, furry beast that can suddenly decide to turn on you for no apparent reason and chew you up a bit ...

Well I traded some energy stocks today and I got paid! Booya. Who’s ur daddy?