Why do traders find it difficult to make money?

volpri said:
I have never traded options. Just not my thing. But keep up the paper trading...
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I have been at this shit for 10 years with both paper and real trading...

Let me tell you something darlings...If you do nor trade for real, you are pointless..

Here's a song for you, which is not for you...


Sim traders do not deserve this, because they do not have real bank accounts.
 
schizo said:
Dude, seriously? Republica is the absolute worst of all grunge groups. Just :vomit:

Let's stick with something more original, shall we?

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Here's a song that represents what the fuck that just went on over the last 5 trading sessoins...

 
SimpleMeLike said:
Hello ironchef,

Please do not feel bad, I was in SIM for 4 years trying to increase my skills.

Now I am an ES master trying to make a Million dollars within 3 years from now.

Follow @volpri and myself keep it simple. There is no other way but stare at the chart all day and click it.

For one week I took 500 trades for 2 months straight, trying to be the ES master and rich. Yes, my eyes and head was hurting everyday, but this is the only way if you want to be ES master and Rich. All other ways is a Lie.

Anyone that tell you there is another way to be the ES Master is a Liar.
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Question for you sir:

Did the 4 yr sim results matches your live trades?

I am doing sim to figure out how to quantify my method. It is all subconsciously/gut feel.
 
I did not feel well today so I got up late looked at the chart saw it was a bull channel and took 3 back to back trades. One contract trades each time. First, was a 5 point win shorting, second trade a 4 point win long, and 3rd trade a 5 point win long.

In channel trading if a bull channel I will go long in bottom half and exit on moves towards middle. If PBs are deep enough in the bull channel I will short in top half and cover on moves toward middle. In this case PB and up/down moves were deep enough for shorting a bull channel in most anywhere in the upper half to gain at least a min scalp of 1 point and in these cases the gain was 4 and 5 points. If PBs in the bull channel are shallow or up/down moves small I will short only in top 1/4 or higher.

Short entry prices highlighted in red and covering shorts in blue. Long entries highlight in green and exits in orange.

1#Screenshot 2024-08-09 104954.png
 
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See why you grab those profits when you can? Look what happened after my last trade.

This can happen at any time. Institutional pressures will push price out of tops or bottoms at any moment. So what do I do? Well I am flat with 3 winners. So now I wait and see what bulls will do. Usually within 3 to 5 bars price trades back up towards the channel. Then I can look at going long on a long signal bar. Maybe a second long entry by-passing the first entry.

If price continues down and PBs do not reach the bottom of the channel and bear move resumes then I look for a shorting signal and will short and perhaps I may even hold short to a measured move from the bottom of the channel to the pause that same distance extended downward. Whether I hold for the measure move or just grab a quick profit depends on "how" the resumption of the bear move happens i.e. with gusto..grinding..etc

Screenshot 2024-08-09 110930.png
 
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