Always? Guess you've never had a stop missed by an overnight GAP. Or slippage.
Why is hard to make money? Find trend, stops above previous/high low, TP @ next highs/lows
- Thread starter iamnewuser911
- Start date
WTF? Another clown, logged out to read conversations of ppl on ignore list. How old are you? 5?
It seems by his comments Scataphagos has been around the trading scene long enough to know. He might seem abrasive but you get that when u repeat yourself a 1000 times lol.
KISS is where you end up after exploring all other avenues.
He mentioned channels etc
How can you argue when a micro trendline breaks within a channel within a clear trend direction.
Taking the 10,000 ft veiw of the market to see the dominant areas of interest.
Supp Resis candle types all the basics.
I know ppl subscribe to fancy and expensive indicators signal services the money making list goes on.
Interesting thread interesting to hear everyones thoughts
KISS is where you end up after exploring all other avenues.
He mentioned channels etc
How can you argue when a micro trendline breaks within a channel within a clear trend direction.
Taking the 10,000 ft veiw of the market to see the dominant areas of interest.
Supp Resis candle types all the basics.
I know ppl subscribe to fancy and expensive indicators signal services the money making list goes on.
Interesting thread interesting to hear everyones thoughts
I will try to find it later, have to go now. It was posted here on ET already a long time ago by me.
EDIT:
Found it already:
https://www.elitetrader.com/et/thre...ething-about-them.292201/page-24#post-4136214
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So Mtrader is the phantom - Spike500? Surely you understand that if a person comes out with a statement 'I can walk on water' he will be disbelieved unless he displays that skill. So it's clear now that you will not display anything of the kind and some will continue questioning your ability & others will believe, but they would also still be subscribing to existence of Santa, flying deers & the elves.
"I said by his comments NOT by how long he's been on ET"
It was a simple comment that could not be misunderstood, how did you miss that ?
Not denying the impact of that, of course, those are more "exception than the rule". More correctly I should have stated, "most of the time you know approximately how much is the risk."
I lost my fascination with ET within a few days. There is a handful of knowledgeable/self-sponsored traders in here, but the ET majority is just retail traders regurgitating textbook bullshit.
Then you have a few institutional guys (PM's, HF, prop) with no skin in the game who couldn't trade their own accounts out of a paper bag. They sure sound pretty smart though, as most of them come from solid academic institutions. Employees of fee collectors is where 99% remain.
I think this is a very important point you made here. I've come across smart people around here before as well, even got into arguments with them, and yes, they sound very smart, but whether they trade their own money is a completely different thing altogether. Work for big firms and all that jazz, even if there is some risk there to their own job is still completely different than a risk to their own account. Its so much easier to put on trades when you have a risk department that you could blame for one bad trade.