maybe i read this wrong or maybe not. but from what i gather is that i should have an idea of some odds as a starting point and then take my trades. from there i should diagnose from within those trades that are my own, what market factors are reducing my odds and which ones are increasing them? is this why i am the only one that can do this without someone else? it is my own odds game ?
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
a very good analogy..professional trappers..i prefer to call them bastards
why would u want to be in the market if the price is not really moving
again..we will talk about daytrading here..not swing or position..for..they are different ballgames..and can be very profitable..but also very costly..as with any type of trading
Correction: It does tell you the stock and time frame after you have played.
very observant IS
never be afraid to lose..it is the only way to win
if u find u keep clicking to move on the chart..then stop..and know that u are doing the exact opposite to what u must do..u must look and make a decision on what u see in front of u
the purpose of playing the game should not be to make money..initially..but should be to see how long u can last before u lose all of ur money..the longer u last the better chance u have of making it as a real trader..and if u last the longest..and make no money..u are the winner..believe me..u will start to see what trading is really all about
Quote from The Oracle:
a very good analogy..professional trappers..i prefer to call them bastards
why would u want to be in the market if the price is not really moving
again..we will talk about daytrading here..not swing or position..for..they are different ballgames..and can be very profitable..but also very costly..as with any type of trading
I don't want to be in the market when it's not moving.
When chop starts I'm not realizing it. I see a new high, pullback, rest, & then I wait for it to signal another move up & get in. (Those signals are in fact nothing but traps for idiots like me, but they look so damn good).
Eventually it takes off in a fast, sharp move. I can't tell the difference between a trap bar & THE bar to get in so as not to miss the move.
I'm trading oil, but what I'm essentially doing is trading the equivalent of a stock with a non-existent ADR during those choppy, sidways periods. I see why everyone has been told to trade a stock with at least a 50 cent ADR.
Quote from The Oracle:
never be afraid to try out something that might help u think more clearly..try the game and post the chart..and..never ever be afraid to lose..for..if you do not learn how to lose correctly..u will never win..that is a given in this game
i think there might be a flaw..maybe i am missing something?
next trade is winner but the overall cash has reduced..seems a bit like the real market..even when u win u lose
It has worked for me. The second chart was your very next trade?
yep..and i do not lie..only to idiots like sneaky snake
as mentioned..if it had intraday chart it would be a lot better for learning a bit..and i just seen it has data from 1997 to 2002..not good if all the data is from that period..much better to have recent data..so..if want to use something like this then maybe ensign software..as i recall that it allows u play back the charts for any timeframe..not sure if they still have that feature?
i do not believe i am recommending paper trading..RN will surely think TFF are getting soft
when a price is moving up..or down..and stops..look to see what happens next..look at any chart u want..and see if u can see something that u have not noticed before
of course..what u are now doing is looking for confirmation..so be careful..as confirmation will not always work..but then again..we know that..don't we
if u are wrong..so what..it will not cost u too much..but if u are right..then u might just be pleasantly surprised..but never forget
get the fuk ready to get out..if u are winning