Why do traders fail?

volpri said:
Ok what does your calculations say about the ES on that chart? Short or long? Or is it not enough info in the chart for whatever calculations you use?

What would your brain say if the chart looked like this?

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Your chart doesn't mean anything... It doesn't indicate anything at all, I think it's best for you and your results to stop looking at non sense and look at the data instead. Data is always gonna be better then charts, here I screen shoted the daily trading data when Intelsat ( Symbol: I ) started it's wave in early 2018, some whale came and pumped the shit out of it, then everyone bandwagoned... From volume data you could clearly see what is going on to the t, and options interest help to see which way the wind is blowing more or less


beginning of wave.png
 
Stockolio said:
Your chart doesn't mean anything... It doesn't indicate anything at all, I think it's best for you and your results to stop looking at non sense
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i am sorry.....on what grounds do you say : chart does not indicate anything and that it is nonsense.....
millions of traders see charts and trade it ....including myself.
it may not mean anything to you : like Chinese means nothing to me.but that does NOT mean it is nonsense
 
Stockolio said:
Your chart doesn't mean anything...
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My charts are the visual representation of the results of my mathematical models. Much easier to understand by my brain. If I would look at the datatable I would be lost.

Graphs reveal more than a collection of individual values. Because of their visual nature, they show the overall shape of your data. This is when you should use graphs instead of tables:
  • The message is contained in the shape of the values (e.g. patterns, trends, exceptions).
  • The display will be used to reveal relationships among whole sets of values.
Sometimes I prefer charts, sometimes I prefer data. Choose what gives the best result for you.
If you don't understand something it does not mean it is useless. Maybe you cannot see the value, but the value can be there.
For me your datatable has no value at all. But it can have value for somebody else.
 
schweiz said:
My charts are the visual representation of the results of my mathematical models. Much easier to understand by my brain. If I would look at the datatable I would be lost.

Graphs reveal more than a collection of individual values. Because of their visual nature, they show the overall shape of your data. This is when you should use graphs instead of tables:
  • The message is contained in the shape of the values (e.g. patterns, trends, exceptions).
  • The display will be used to reveal relationships among whole sets of values.
Sometimes I prefer charts, sometimes I prefer data. Choose what gives the best result for you.
If you don't understand something it does not mean it is useless. Maybe you cannot see the value, but the value can be there.
For me your datatable has no value at all. But it can have value for somebody else.
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why bother? a 5 year old will trade as well....
 
tenny1886 said:
i hope i dont jinx it, for the past few days i am going green almost to the tune of 70 % win rate. Almost 20-40 contracts a day with average hold of less than 2-5 minutes. Average trade in terms of dollar value around $65. Today i tried a different strategy and held for longer gains and came out good almost 69 % win rate and only traded 15 contracts in total. I also tried what others suggested, putting in a trade with just 1 contract with stoploss and take profit defined and went out to finish some chores. i shorted the es @ 2817 and left it there to either hit the stop loss 1.25 points or take profit at 2810.5 with a trailing stop of 3.5 points. Was pleasantly surprised when i came back. that trade netted $225. my trailing stop got hit at 2812.50. i initially wanted to set TP @ 2807.5 but changed it to 2810.50 since i would not be watching the trade. it was no stress and i think it suits betters than staying glued to the screen, cos i always tend to jump ship at first sign of small reversal or pull back.

still a rookie with a lot more to learn and also not going astray but staying disciplined and sticking to trade and position management. phew long way to go but looks like i finally found the path.
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making money is always good not because of the money itself but because you beat Mr Market..which is the collection of a large number of very powerful people who would not hesitate to take everything you have....sometimes they leave your underwear..or so i hear but i do not believe it.

however unless you understand what the market is doing you are at risk always.

sticking to your system and rules will help you survive ...but it is your rules not the market's...the market is big enough to make it's own rules
 
I agree, I am interested in exactly the immediate future of the bitcoin price. At the end of March, we still see a decline in the Bitcoin rate. Do you think 3000 is a strong level of resistance (psychological, technical), is it possible to rebound from this level, test it, breakdown (maybe false), is it possible to fix below this level in April?
 
Interesting confidence that the crypt will grow. I remember the information background of the oil market. When oil was expensive, they said it would not fall lower, would not fall lower, and again would not fall lower. Total decrease 10 times. When the cost of the barrel was about $ 40, they started saying that it would fall to $ 10, and oil began to grow.
 
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