Trading is easy, very easy, damn easy

[Redneck]

Quote from MandelbrotSet:

LOL, Classic!

Come on if your going to quote it take it in it's entirety


If it's a must I post something - I use horizontal lines


eta - I thought you and I were better than that

 

[jim2000]

RN,

Just one more question tonight, do you place a stop order in the market at the time of your trade or do you pull the plug manually?

Thanks and best of luck

 

[Redneck]

Quote from jim2000:

RN,

Just one more question tonight, do you place a stop order in the market at the time of your trade or do you pull the plug manually?

Thanks and best of luck

Manually – but I use the things without any… and I mean “ANY” hesitation

And I know “exactly” where I will get out – before I ever get in a trade

RN

 

[jim2000]

Quote from Redneck trader:

Manually ? but I use the things without any? and I mean ?ANY? hesitation

And I know ?exactly? where I will get out ? before I ever get in a trade

RN

Kudos.

I have more questions but said that was the last.

I will honor my word unless you give me a pass.

 

[Redneck]

Quote from jim2000:

Kudos.

I have more questions but said that was the last.

I will honor my word unless you give me a pass.

I would like to hold off and see where MC wants to take it

Like I said I do not want to taint anyone's open mind


But as this thread progresses - I ain't goin anywhere - ask away

RN

 

[jim2000]

Quote from Redneck trader:

I would like to hold off and see where MC wants to take it

Like I said I do not want to taint anyone's open mind


But as this thread progresses - I ain't goin anywhere - ask away

RN

Fair enough.

Have a great evening.

 

[MandelbrotSet]

Quote from Redneck trader:

Come on if your going to quote it take it in it's entirety


If it's a must I post something - I use horizontal lines


eta - I thought you and I were better than that

The line was amusing on its own merit ... no harm intended.

 

[MandelbrotSet]

Quote from Redneck trader:

So let me ask you...

How do you ever "know" either of those two?

Part of the answer is that all the fractals 5/15/60 minute will lineup.

Another part of the answer is you (not you personally, you as in "you the trader") begin to see similar partterns repeated over-and-over again, and learn to act on those observations.

Some traders see this in "volume", others see it in "price action", still others see it in the lining-up of other tools they use to trade (VIX, TRIN, Bankers, etc.).

 

[achilles28]

Quote from JB3:

Trading would be much easier if you didn't have to wade through a mountain of garbage systems and indicators and gurus on the internet to get to the important knowledge to be successful. For every nugget of trading wisdom that is beneficial, you need to go through piles of junk and discern which is which. And to even tell which is BS, one needs to put in hours and hours of trial and error to determine which is the truth.

Don't forget false positives. LOTS of those along the path

 

[achilles28]

Quote from MrCharts:



HERE IS THE REAL GOLDEN RULE

Therefore all things whatsoever ye would that men should do to you, do ye even so to them: for this is the law and the prophets.
Topic: Action
Source: "Golden Rule", Matthew (ch. VII, v. 12)

Maybe I am a GurUilla after all

But now, after that ye have known God, or rather or known of God, how turn ye again to the weak and beggarly elements, whereunto ye desire again to be in bondage?
Author: Bible
Source: Galatians (ch. IV, v. 9)

Most traders never make it to profitability. If you have, Cudos.