Trading the ES live-the Brooks way

ca
Georgii said:
Padu, actually the reason I'm discussing you is because you are offering the rest of the community a valued insight into what constitutes failure in the markets.

I actually feel sorry for you in that you are stubbornly pursuing an endeavor that, given your approach all these years, will not earn you a profit. Any one of us can have a consistent run of winners, just as you can at roulette. The party ends at some point because you can't out-run the law of large numbers. Those who lack an edge will inevitably run into this problem. Even if you ace TopStep trader, they'll shut you down real fast once you hit drawdown. They have a business to run.

As evidence makes repeatedly clear here you don't seem to have any edge. Maybe you think you have one that goes beyond human definition, but if it is so truly discretionary, you will still struggle psychologically with applying it. The mere fact that you are exuding so much emotion at Al Brooks proves you don't have an edge of your own, you're grasping. If you were confident in your edge you wouldn't be speaking the way you are. This is sort of human resources 101 stuff. If you interviewed at a trading firm I can't see any HR person giving you a green light.

The more discretionary your edge, the more your psyche interferes with your trading. That is why trading coaches always recommend starting with a very regimented approach. Not necessarily becoming a systems trader, but having a well defined strategy of sorts. You lack a FRAMEWORK, and your overall manner of discussion here is full of arbitrary behavior backed by arrogance. You think that your many years sitting at a screen obviates the need to do the less glamorous side of hard work, the post-market analysis day by day that is essential to success.

I'll never forget how I started trading CL. I was majorly counter-trend, and it happened to coincide with a time when CL was very rangebound. When I went live, CL went massively into trend mode. I got murdered in a few days trying to pick a bottom (on a small tick chart to boot, hahaah), and that was a major lesson right there. Rangebound markets are highly arbitrary and you can sometimes get very lucky in them. But that luck gets immediately destroyed on a creepy trend day, with interest. You won't know this unless you study months worth of charts. You just think its below you to do this sort of work.
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n you post some live charts showing how great a trader you are
 
padutrader said:
ca

n you post some live charts showing how great a trader you are
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I really have no interest in doing that. I'm not in a pissing contest to prove anything and frankly, even if I tried to teach you, what others say here makes it clear I'd be wasting my time.
 
Georgii said:
Any one of us can have a consistent run of winners, just as you can at roulette. The party ends at some point because you can't out-run the law of large numbers.
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I need to print this out and tape it to the instrument panel. Applies to just about EVERYTHING!
 
Georgii said:
Padu, actually the reason I'm discussing you is because you are offering the rest of the community a valued insight into what constitutes failure in the markets.

I actually feel sorry for you in that you are stubbornly pursuing an endeavor that, given your approach all these years, will not earn you a profit. Any one of us can have a consistent run of winners, just as you can at roulette. The party ends at some point because you can't out-run the law of large numbers. Those who lack an edge will inevitably run into this problem. Even if you ace TopStep trader, they'll shut you down real fast once you hit drawdown. They have a business to run.

As evidence makes repeatedly clear here you don't seem to have any edge. Maybe you think you have one that goes beyond human definition, but if it is so truly discretionary, you will still struggle psychologically with applying it. The mere fact that you are exuding so much emotion at Al Brooks proves you don't have an edge of your own, you're grasping. If you were confident in your edge you wouldn't be speaking the way you are. This is sort of human resources 101 stuff. If you interviewed at a trading firm I can't see any HR person giving you a green light.

The more discretionary your edge, the more your psyche interferes with your trading. That is why trading coaches always recommend starting with a very regimented approach. Not necessarily becoming a systems trader, but having a well defined strategy of sorts. You lack a FRAMEWORK, and your overall manner of discussion here is full of arbitrary behavior backed by arrogance. You think that your many years sitting at a screen obviates the need to do the less glamorous side of hard work, the post-market analysis day by day that is essential to success.

I'll never forget how I started trading CL. I was majorly counter-trend, and it happened to coincide with a time when CL was very rangebound. When I went live, CL went massively into trend mode. I got murdered in a few days trying to pick a bottom (on a small tick chart to boot, hahaah), and that was a major lesson right there. Rangebound markets are highly arbitrary and you can sometimes get very lucky in them. But that luck gets immediately destroyed on a creepy trend day, with interest. You won't know this unless you study months worth of charts. You just think its below you to do this sort of work.
More...
Trading is a tough business.
Imo, from years of observation, the machines (as marketsurfer would say) control the markets.
Discretionary trading has a place but ultimately your own trading system requires a rules based mechanical response.
@Georgii said: "The more discretionary your edge, the more your psyche interferes with your trading" and imo that's hugely true.

The punishment of being wrong while trying to second guess direction will result in a type of feedback loop of pain, a type of flinching and subconscious fear which results when you pull the trigger on a gun which continually recoils heavily into a painful shoulder.
 
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