Why I Lost Money- IMO

[padutrader]

I have traded 5 min since 12 years and I cannot make sense of any other time frame....

 

[Onra]

Paducah...

I know...I know..a retail trader enters ...takes a position..and two seconds later the market slams against him. Drives down to his stop loss ..takes him out ...and before he can finish gulping his first swallow of coffee down it reverses and goes a goodly way up into where his PT was. So, he is left sitting there bewildered as to what happened as it seems to be apparent to him that he did in fact have the direction correct but just got stopped out. MANIPULATION is the word that flows across his mental projector screen. And the institutional players are all leaned way back in their easy reclining desk chairs roaring with laughter about how they screwed that little tiny retail trader out of 100 bucks.

"100 bucks" X a million retailers...
Laughable, sure!

 

[volpri]

"100 bucks" X a million retailers...
Laughable, sure!

lol

 

[padutrader]

If u believe in market manipulation and that it takes place everyday and that THEY are out to GET the retail trader everyday..all day long.

i actually searched what i had written but could not find the word 'manipulation' in that post.

 

[volpri]

i actually searched what i had written but could not find the word 'manipulation' in that post.

no but you used his (manipulation’s) kissing cousin.

“Today I am confident of trading because I know how the market moved, how they show and convince youthat the market is weak and going downwhile taking it up or vice versa:they do this every single day....”

“I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.”

So do you believe the markets are manipulated each and every day?

 

[padutrader]

Drives down to his stop loss

If a retail trader can get 60% probability out of a setup within a certain environment or context then they have an edge.

A set up is never the reason for the trade......

context is....but context is time frame related......and unless you are very clear about what time frame, is in control, AT THE MOMENT, you will have no clue where to put your stop even though 'direction' may be correct.

this very difficult to explain....because time frames do not exist in the market.....it something traders use just to measure the market.

 

[padutrader]

no but you used his (manipulation’s) kissing cousin.

“Today I am confident of trading because I know how the market moved, how they show and convince youthat the market is weak and going downwhile taking it up or vice versa:they do this every single day....”

“I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.”

So do you believe the markets are manipulated each and every day?

they can influence direction of the market and make it go where they want it go, just by staying out the market and not doing anything....so that is why i said they are fooling but not manipulating ...it is not manipulation if they stay out.

you have to think out of the box.

 

[volpri]

they can influence direction of the market and make it go where they want it go, just by staying out the market and not doing anything....so that is why i said they are fooling but not manipulating ...it is not manipulation if they stay out.

you have to think out of the box.

Sorry but they are not going to stay out of the market. And if they take the market up to fool people when they are really going to take it down then they are manipulating price. Plain and simple. If they are the movers of the market, that is.

 

[volpri]

A set up is never the reason for the trade......

context is....but context is time frame related......and unless you are very clear about what time frame, is in control, AT THE MOMENT, you will have no clue where to put your stop even though 'direction' may be correct.

this very difficult to explain....because time frames do not exist in the market.....it something traders use just to measure the market.

No time frame is in control. Only bull and bearish institutions are in control and push and shove price around. That pushing creates context. It also creates price patterns. Setups can be derived from patterns within contexts. So, I disagree. If a body makes the connection between setups..patterns...and contexts then yes setups are an element for taking a trade.

 

[jvanelli]

it is not difficult to make money....even a simple system will make you money...like this one described here click on the image and you will be taken to face book post:

https://www.facebook.com/video.php?v=10161827997870313

I have traded many things: moving averages, momentum cycle, Elliot wave[for 5 years I position traded Indian stock market.. held for an average of 3 months], tried Brooks price action ,Demark.....

But the main problem was I did not enjoy it because I did not understand what I was doing and did not understand the market...it was like being in a jungle, where the only thing understood,was that sooner or later,our destiny was that we would become somebody's lunch.

So around 6 months earlier I cleaned both my mind and charts and traded the markets...and traded and traded......I lost and lost and lost....I lost upwards of 30000 usd

the money got forgotten ...but the lessons are not.

Today I am confident of trading because I know how the market moved, how they show and convince you that the market is weak and going down while taking it up or vice versa:they do this every single day....

understanding something gives you confidence in that and you are not fearful of what may suddenly happen.
if you understand what a lion is, you will not run, when he roars.....the herd of deer will graze within a 100 yards of the pride of lions because they know, unless the lions are hungry, there is nothing to fear.....

only men kill for fun.

and mock for fun: you can see enough of that in ET

I am not telling you to stop using moving averages Elliot wave fib S/R if you are happy doing those things.

I was never happy with any of those because I felt it was complicating things and I was not happy with making a little money or with having a win rate of 60%....

I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.

I have always understood that to have a win rate of 100% you have to find out how they were fooling me....that means analyzing and understanding myself as well as the market

this took me 12 years to do.

I am writing to explain why I did what I did and documented it here so that maybe someone will benefit and will know that there is a trading world outside the maze that is called technical analysis

ps: just to prove what I said above I will be posting statements everyday...in my journal...starting from market opening after the week end

Wow! Well, first of all, it is most generally NOT EASY to pull money out of the markets trading. If you ever thought it would be then that was your first mistake. If you ever thought you could read some books and gin up some indicators from those books and proceed from there in some sort of mechanical fashion then that was probably your second mistake. If you want to trade a market then you need to understand what that market really is and how it works. You need to understand the makeup of the market, who is your competition, who is in the auction and why, and how you might be able to take some money from them -- and this varies, even across broad markets; e.g. from a trader's point of view, the ES is quite a different beast than the EUR/USD futures. If you are not able to recognize the differences in the time frame of your choice, then you are not ready to trade that time frame. Generally speaking, your marks will be dumb retail traders who think it will be easy, and much larger traders who may be smarter than you but have their own agendas and are constrained due to the large size they need to trade. You can't figure all this out from a chart. You need to take a closer look than that.