The Trouble With Scribbles

[fortydraws]

I only started last February

You're coming up on two years, hoss.

I think spinning wheels is still better than totally giving up

Only you can decide that for yourself.

I should be applauded for my continued perseverance

There is nothing in your behavior here that deserves anything of the sort.

So many people on here whose stories I've read said they lost of years before they figured it out

Well, how long is it going to take you acting the way you are? I can bet you those who did make didn't do it hounding other people to stroke it for them like you do.

How you assume that life is passing me by I'm not sure

It's called nature ... time keeps ticking, and if you have a goal, but you are making no progress, or (which is more likely given your outburst today), negative progress, you, by definition, have less life left to you during which to achieve that goal than when you started in August 2013. And if it ain't work for you yet but you keep being the same ol' lazyass, it ain't comin' tomorrow either.

thank-you for the inconsiderate jab

Don't be a shithead like today and expect a loving embrace you douchebag. Go find yourself a mentor, pay him some $$$ to take on the responsibility for you that you yourself avoid, and STFU.

And finally, you say you are trying to figure out how I make those tight entries. I don't believe you. I don't think you've tried to figure out anything on your own. How can you say you've tried an yet you still post the garbage you did today? Tight entries require acting at the first sign of possible failure. Not waiting for price to move 3-4 points from S/R and then making a decision.

But this you will not learn. Even if it is pointed out to you. Because the only way to do it is have a focus and an intent and a purpose that is completely different from you have demonstrated your focus, intent, and purpose to be. Winners do not whine, they do not troll. They do not assume they know what they do not know - they know that they do not know. If you were qualified to "call me out" on the things you think you are "calling me out on" you wouldn't be calling me out because you would be making too much fucking $$$ to be such a prick. That's what frustrates me about people like you and all of these guys wanting calls and proof and offering nothing but criticism: If any of you actually knew what I know, you wouldn't be saying shit - and yet each of you, every last one of you pass your failures off as some sort of "knowledge" of "facts."

You get what you want out of life. I judge the market by its own actions, and I judge you by the same. If you actually wanted to learn to trade, you would have done what others have done and taken yesterday's charts, printed them out, studied them, gone to replay, and tried to figure out for yourself how to distinguish a reversal trade from a breakout trade. But instead you come here, wipe your ass with those charts, and then shove them in my face. You think you want to learn to trade? You're lying to yourself. What you were and did today - that's what you want to be. Don't kid yourself, 'cause you're not fooling us.

 

[k p]

Don't be a shithead like today and expect a loving embrace you douchebag. Go find yourself a mentor, pay him some $$$ to take on the responsibility for you that you yourself avoid, and STFU.

Tisk tisk. You're getting a bit nasty and I have no idea why when you are the one making all this money and I'm the poor guy in the corner. If I offend you so much, if you are so much better than, if I am causing you so much grief, why are you wasting your time on me? What are you trying to prove?

Please don't compare me to B1S2. We are two different people. I for the record don't agree with many of his objections. Based on what he posts, he is making good money, so once again, there is quite a bit of a difference between us.

Although I did register on ET in the summer of 2013, I would say that my beginning really didn't start until February 2014. It was only in January that I opened an account with IB, started my journal in February, and I believe my first trade wasn't until about April or May of 2014.

I sincerely do not understand the rage that you have for me 40D. If I was in your position, and wanted to share so freely as you appear to do, what would be so wrong with showing some trades on a chart? The action you describe in the chart above to me means that there must be multiple entries around a level before you get it right... what is so wrong with showing them? What are you giving up? What are you giving away?

Here is my chart from today... not the best day I had. Heck, lets also throw in a chart from yesterday and the day before. I've had good days too, but its clearly nothing consistent. If I am ever consistently profitable, I plan to post charts in exactly this same fashion because I do not believe it takes anything away from me, nor do I believe that I am somehow hurting the learning process for someone new.

Its very much a slap across the face to say to someone that because they aren't profitable after doing this for a year that it means they are lazy. Most people who have been following Db for years aren't profitable. I have no idea why, but would you also single every one of them out like this as well? Your assumption that anyone who isn't profitable after being at this for a year must somehow be deficient in some way is misguided as you really have no idea why this could be, even though you seem to claim to know so much about human nature.

To be honest, because you keep arguing with me and spend so much time calling me names and yet mark up my chart with some info, there is clearly some issue that you want to solve. Please do let me know what this is as I am more than willing to help. My intention isn't to be a troll as you have labelled me, I am simply calling things the way I see them given the information at hand in an objective manner.

 

[fortydraws]

I sincerely do not understand the rage that you have for me 40D

Then you are an idiot. As a reminder, I tried to help you. You failed, and blamed me. You have tried to attack me and my credibility ever since. You don't understand why I'm not a kp fan? Really? Are you really that clueless?

It very much a slap across to face to say to someone that because they aren't profitable after doing this for a year that it means they are lazy

That's not why I'm saying you're lazy. How's that trading plan coming along?

To be honest, because you keep arguing with me and spend so much time calling me names and yet mark up my chart with some info, there is clearly some issue that you want to solve.

I was trying to show you that you don't even know where to start from yet you presume you know enough to press others for more freebies. The issue I'd like to solve is that I would like you to never speak to or about me again. If I need to log out of ET for good to accomplish that, I will. Please, put me on ignore, and for once in your fucking internet life, STFU and let someone else have the last word.

 

[k p]

You have tried to attack me and my credibility ever since.

Ummm... that trade you posted you did not preface with "this is a SIM trade". If you wanted to show someone something, why not just plot it on your chart like you usually do with all your other trades that you just draw in by hand? This trade you actually went to the trouble to "take" in replay. So when I questioned you about this and you explained it, it made sense after, but in effect, this wasn't a real trade so I wasn't exactly wrong.

The issue I'd like to solve is that I would like you to never speak to or about me again.

Just as a trader has no control over where the market goes, I don't think you have any control over this either.

If I need to log out of ET for good to accomplish that, I will.

You seriously want me to believe that you would leave just because of me? Please... we both know that saying you're going to leave because of me is silly. LOL

STFU and let someone else have the last word.

Swearing again.... tisk tisk.

40D. I have no personal problem with you. You make extraordinary claims about all your trades and supposed winnings, and I think its only fair that a person should get to ask questions. Others have tried to copy you... remember the member "the apprentice"? He stopped posting, but just before he left, he said he tried to trade like you and didn't do well. Of course I know its funny to say we are trying to trade like you since none of us really have any idea what you're doing, and since you're not showing very much, we will never know. But still, none of us have been able to, based on what I see posted, match your trading ability on even a few trades. So although you might not be a fan of skepticism, logically, it is human nature to feel this way, which you should understand since you know so much about human nature.

I really don't understand how hard it is to show some charts with some trades where you actually have some scratched trades, but oh well.

 

[fortydraws]

Just as a trader has no control over where the market goes, I don't think you have any control over this either.

I know. I was hoping you would try once to be a decent person and leave me be.

 

[k p]

I know. I was hoping you would try once to be a decent person and leave me be.

You call me a "shithead" and "douchebag" and tell me to "STFU" and then have the nerve to call me a not decent person? Aye....

 

[dbphoenix]

Back to Business:

Buy1Sell2: Here is my analysis of the 15 min NQ chart frpm yesterday. First trade stopped out for a gain and second trade exited at closing for a gain. No shorts yesterday on the 15.

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A more direct comparison. The reds are shorts, the greens are longs.

Both hindsight charts with the same bar interval in the same timeframe.

Those who are interested in the process of planning a trade for the upcoming session should review The Foresight Thread.

 

[Magna]

I remind all of you keep it friendly, or at least professional. Fortydraws has now been blocked from this thread for a week due to personal attacks and abusive language. Unless you wish to join him I suggest the conversation stay on trading. Thanks.

[LATER EDITED:] Again, I repeat, let's keep the thread on trading. Not who you think is mean or a troll or shouldn't be questioning others, etc. If you want to have that discussion please send me a PM.

 

[Handle123]

Thank you, Handle. This is largely what I was trying to point out when I mentioned Chuck LeBeau's story about the old guy who was trading according to radio signals from Mars. One has to have at least some idea of where to enter, but the exact entry price is irrelevant. There are two ways to trade a breakout: up or down. The rest is trade management.

To tell Trader X, who happens to be terrified of taking the trade at all, that he should enter two points (or whatever) into the breakout with a ten-point stop would loosen his bowels. To tell him to use a one-tick stop would be no different that telling him to flush his money down the toilet. Both recommendations are arrogant as the Big Cheese is assuming that he knows what's best for everyone, least of all Trader X.

The trader, beginning or otherwise, who cannot spend a few hours or even a few evenings with replay in order to determine exactly how wide his stop should be when trading a breakout should pursue some other strategy. The width of somebody else's stop is of no pertinence whatsoever, much less their exact entry.

I think longer term a new trader or for that matter any trader that wants to learn relative easier approach to trading using SLA could do worse, and one can make any method as complicated as they want to make it. But I like methods where I am waiting for price to come to area I want to buy as in "Buy Low/Sell high", risk will always be tightest cause of this concept. It has worked well for me in 60 minute timeframe, dailies and weeklies, I believe a number of software programs do automatically or program yourself. Here is a good site http://www.finviz.com/ or http://www.nebadawn.com/

Are there any more sites or inexpensive softwares that help finding SLA?

 

[Autodidact]

Quick question to the parties involved. When you take the time to mark a chart and show your entries and exits to explain your reasons for trading why don't you show the auto markings created between broker and platform ? Why go through the trouble of manual annotation, when the computer can do it all for you. If you wish to keep some level of privacy, most software will allow you to just post the auto-markings of where you bought or sold without the specifics of size, should you want it that way.