Why I Lost Money- IMO

[padutrader]

it is most generally NOT EASY to pull money out of the markets trading.

I will post statements here then let us see....

it is far from 'easy'.....but it is simple....it is made complicated by 'educators' because then they can justify their fees.

I cannot charge 10000 usd and then tell students 'see what the market is doing and then trade'

 

[padutrader]

So, I disagree

yes you can disagree because it is just my view,IMO.

but do not tell me that I am an idiot to believe that

 

[padutrader]

first of all, it is most generally NOT EASY to pull money out of the markets trading.

well that guy in face book said it....not me

I dd not trade his system

 

[volpri]

yes you can disagree because it is just my view,IMO.

but do not tell me that I am an idiot to believe that

I certainly don’t think you are an idiot.

 

[jvanelli]

I will post statements here then let us see....

it is far from 'easy'.....but it is simple....it is made complicated by 'educators' because then they can justify their fees.

I cannot charge 10000 usd and then tell students 'see what the market is doing and then trade'

Yes, at core it is a simple process for a small, retail trader. You must be patient, wait for those moments when one side (buy or sell) is winning the auction, then if you were able to recognize the opportunity quick enough (relative to your time frame), move in with a trade, go for a ride, hop off when the flow begins to ebb. Does not need to be much more complicated than that -- but it still is not easy, and can be quite labor intensive depending on your market and time frame. A mistake that I still tend to make is to look for too much, bring in data or economic analysis from outside the auction market itself, and thus make the process more complicated than it needs to be. Sigh ...

 

[padutrader]

can be quite labor intensive depending on your market and time frame.

yes that is true

it can be boring....but I think we must constantly remind ourselves how lucky we have the freedom many other workers dont

 

[padutrader]

when one side (buy or sell) is winning

I think that is the surest way.....sometimes you get a home run....cut off the losses.....sounds easy...….

 

[jvanelli]

But not as easy as it sounds.

 

[Onra]

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.

You believe these setups are the result of buying and selling forces.
We believe that most "setups" are deliberately created to fool us
or to create an obvious entrypoint where traders enter in the direction they want.

 

[volpri]

You believe these setups are the result of buying and selling forces.
We believe that most "setups" are deliberately created to fool us
or to create an obvious entrypoint where traders enter in the direction they want.

You mean to tell me that you believe they are sitting around watching 30 sec, 1 min, 2min,3min, 5min, 15min, 30 min, 60min charts ad nauseam..and creating setups to fool the retail trader?

First of all, who are they?

Second are they conspiring?