Trading the Plan

Overnight said:
It DOES! It just has pauses. Have you ever seen anyone in this stock market short it for 50 years? How are they doing?
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lol

No, I haven't.

I have known of people who tried buying crashes and lost everything!!! Let's see, one person and his friend in particular just kept thinking the 2008 crash had gone down so far that it HAD to turn around, only it didn't and they kept repeating that behavior until they ran out of money. I didn't know them, but I knew a family member who was pretty upset about it! They both messed up their families finances and they gave up on trading!
 
studentofthemarkets said:
lol

No, I haven't.

I have known of people who tried buying crashes and lost everything!!! Let's see, one person and his friend in particular just kept thinking the 2008 crash had gone down so far that it HAD to turn around, only it didn't and they kept repeating that behavior until they ran out of money. I didn't know them, but I knew a family member who was pretty upset about it! They both messed up their families finances and they gave up on trading!
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So the market never turned around after 2008. This is new news to me.
 
studentofthemarkets said:
No. They ran out of money by buying when it was dropping based on the logic that it would go up soon like it always did before. It's a timing thing.
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And if they just stayed in the market, they would be up what, 400% or some shit?

So according to you, there is no way to make money in the market, and once you take your losses you should get out of the market and never enter again, because the market will fall indefinitely.

Brilliant advice. Thanks for playing. Stick to the Biblical shit, which you are bad at, because you are TERRIBLE in the markets.
 
easymon1 said:
STM, if you'd rather be an artistic trader like the lions share of traders are, knowing that sooner will help you track that path better than trading a rules based system without written rules will probably.

hope you don't mind if this copy get's dropped off in your wheelhouse.
It covers a lot of ground that occurs after you already have a tested trading plan.
Do you have one of those? a tested trading plan? Just one simple setup tested?
Do you have the cart before the horse?
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I have the system.

I have the written rules.

I have a rough draft checklist that needs more work.

The next step is following it.
 
Overnight said:
And if they just stayed in the market, they would be up what, 400% or some shit?

So according to you, there is no way to make money in the market, and once you take your losses you should get out of the market and never enter again, because the market will fall indefinitely.

Brilliant advice. Thanks for playing. Stick to the Biblical shit, which you are bad at, because you are TERRIBLE in the markets.
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What?!! You are twisting my words and saying things I never said!

Yes, if they had just stayed in the market they would be up a lot. But they couldn't afford to stay in the market through the crash.

lol I never said there is no way to make money in the market. I said it is a TIMING thing.
 
Overnight said:
Can you please explain to the audience what that statement means?
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Well, I don't know how they traded it other than whenever they bought it, it went against them and they lost money, then they bought again and got out for another loss because the market went down and not up. This pattern continued until ALL THEIR MONEY WAS GONE.
 
studentofthemarkets said:
Well, I don't know how they traded it other than whenever they bought it, it went against them and they lost money, then they bought again and got out for another loss because the market went down and not up. This pattern continued until ALL THEIR MONEY WAS GONE.
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You only lose money if you sell at a loss.
 
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