Using Losing Trades as an Indicator
- Thread starter Redneck
- Start date
I'm still what you would consider a novice trader. That said, from what I've seen so far there is no Holy Grail. Different people claim to have "solved the mystery" and developed a trading system that has led them to make consistent, profitable trades and high win rates. However, there are no guarantees no matter how many charts you analyze or technical indicators you use. I've seen many instances where all signs point to the fact that a stock should go in one direction, only to go in the other. Investor sentiment, and the way they react to market news (good or bad), is often very unpredictable. No one has a crystal ball. Not even seasoned traders with decades of experience can guarantee that they'll get it right every time.
Buy and sell where retail's stop losses have been cleverly engineered to be.
I think there's 2 camps..one group of people decide (after many years of frustrating attempts to prove otherwise) that price is random...and develop their system around that..namely cutting losses very quickly and trying to let winners run. Price is not random of course, but it makes their job a hell of a lot easier and can be quite profitable too. This may well involve the use of any indicators
The other camp spend years trying to prove price is not random. The conclusion they come to are that indicators are lagging price and not much use. They see that price movement is just one big maths algo. BUT it is still anything but easy to trade it. Price may well have a defined path from A to B on a higher timeframe but you can bet that path will be like an Alpine road.
As for market news...yup..every casino needs enticing tricks to get the punters through the doors...be it free sandwiches, comp suites or important data released half an hour after the open. Ask yourself, why does financial data have to be released at the time it is? When the casino is open..and lots of "gamblers" are now inside and at the tables?
%%
LOL, casino??
Joel greenblatt told Jack schwager when he as 12 he bet on a dog with 99 to 1 odds + wondered why all the other gamblers were so dumb. And he lost on thatI prefer study of good trends+ profits; have to look @ losses also.
I dont know hat happened to nickname ''Alpine Trout'' but good nickname
No matter the experience one possess - mkt opens we are all novices - period - otherwise we may get to the point we think we know something..., then we're fucked
The advantage more seasoned traders have - we know exactly how WE will act / react - no matter the environment / direction / noise
Get comfortable being a novice - then make damn certain that mind set never changes
Mkt is not random - it is uncertain
RN
Last edited:
%%
LOL
NO, we are not all novices=100% false, but some make sure to keep about 7.77% , or 8.88%%of thier brain like a kid+ that s a big difference LOL
HOLD it right there the game warden said=lawful order;
R******* was still blasting away @ the ducks, great shoot except they always have been picky about time stop with migratory birds.We were novice age, high school still learning a lot.
[Same thing [migratory bird laws] several gov agencies got Paul Tudor Jones in hot water over]
Good thing we always had our shotguns plugged for 3, not 5 shots /// !!!,!!!
%%
LOL
NO, we are not all novices=100% false, but some make sure to keep about 7.77% , or 8.88%%of thier brain like a kid+ that s a big difference LOL
HOLD it right there the game warden said=lawful order;
R******* was still blasting away @ the ducks, great shoot except they always have been picky about time stop with migratory birds.We were novice age, high school still learning a lot.
[Same thing [migratory bird laws] several gov agencies got Paul Tudor Jones in hot water over]
Good thing we always had our shotguns plugged for 3, not 5 shots /// !!!,!!!
Maybe you can afford the ego
RN
%%
NO\ i would not let my ego get in the way/ regardless of age or money made .
Ever noticed how many people get confused about the market being random;
not to brag, but i see [know]you have better sense that that.
I dont even know if you are going dove hunting shooting soon, but you mentioned it.
I know i've had some of the best times of my life , doing that , most likely why Paul Tudor Jones shoots migratory birds .I know he does not need to eat duck , or any luxury food.
Good shooting ,trading + investing to you...........................................
I know I have made more money with investments than daytrading or short term trading;
but i know that has strangely changed from month to month + week to week.