Why Is The Obvious Not So Obvious?

I do day trading using a simple momentum strategy, which is a general one and can be applied on any symbol. BTW I trade full time on Index options. Regarding timing, anytime i find my trading signals. :)

When you say links are waste of time, I assume that you are not assuming links are waste of time for every one here, like a moderator.

I posted a chart of IBM which is my trading setup. Would you like to post yours, or are you afraid to do so for your own reasons?

There is no need for any links, just spit it out and tell the truth. Do not be ashamed to show how little you know, as, the only thing I know is that I really know nothing.
 
This is not the chap I was speaking about, but this bit is worth taking note of all the same.

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I posted a chart of IBM which is my trading setup. Would you like to post yours, or are you afraid to do so for your own reasons?

There is no need for any links, just spit it out and tell the truth. Do not be ashamed to show how little you know, as, the only thing I know is that I really know nothing.

Your chart was not posted as a live chart marked up with entries and exits, as you so demanded in your first shitty run on this forum about ES. So now we are supposed to believe you are successful in trading SPY and IBM?

Do you actually trade? Ever?
 
You are very inquisitive :)

The way I enter and exit will never change, just the price at which same happens.

The way I trade will always work, in 20 years from now and more than likely in 200 years from now.

Gaps offer very good trading opportunities.

The value area is over rated as per market profile technique, but I have come across an individuals take on trading the value area that made perfect sense to me in relation to short term trading.

Anything else :)

Yes thanks if you don't mind.

I have met day traders who use a variety of criteria like market profile, TPO, POC, VWAP, opening price compared to yesterdays close, high, low and other Day trader points of interest to base their entries off. Some use all, some use just one for an entry.

Do you have a basket group of criteria that need to happen for you to place your entry ?OR are you looking for just one thing to happen to place your entry ?

Is your entry based on the % of distance from "x" ?

Do you enter the market every trading day ?

Do you know where your entry is before the market opens ?

Is volume important to you when entering ?

How long would you usually trade for in a day ?

What is the average time you are in a position ?

Do you use stops ?


Is your entry based on probabilistic data ? if so:

Do you trade probabilities based on
a. The time "x" is more likely to happen ?
b. The % of distance price is from "x" ?
c. Other ?



On another note:

What is your opinion on options ?

Do you trade options ?

What are your thoughts on the Probability Calculator options traders use ?

What are your thoughts on trading the breakout of the IB ?

Nytick: what are your thoughts on using this to enter positions ?


Cheers
 
Yes thanks if you don't mind.

I have met day traders who use a variety of criteria like market profile, TPO, POC, VWAP, opening price compared to yesterdays close, high, low and other Day trader points of interest to base their entries off. Some use all, some use just one for an entry.

Do you have a basket group of criteria that need to happen for you to place your entry ?OR are you looking for just one thing to happen to place your entry ?

Is your entry based on the % of distance from "x" ?

Do you enter the market every trading day ?

Do you know where your entry is before the market opens ?

Is volume important to you when entering ?

How long would you usually trade for in a day ?

What is the average time you are in a position ?

Do you use stops ?


Is your entry based on probabilistic data ? if so:

Do you trade probabilities based on
a. The time "x" is more likely to happen ?
b. The % of distance price is from "x" ?
c. Other ?



On another note:

What is your opinion on options ?

Do you trade options ?

What are your thoughts on the Probability Calculator options traders use ?

What are your thoughts on trading the breakout of the IB ?

Nytick: what are your thoughts on using this to enter positions ?


Cheers

My question is "Are you statistician or trader? "

If a probability based strategy hits target 90% of the time but only after hitting the stoploss then whats the point?

A trader has to bring some experience, creativity and character to workout how to reduce the hits on stoploss, which a statistician cannot do.

A good statistician can create a good strategy better than a trader. It will be good only from academic point of view. Not from trading perspective.

Trading is not all about statistics or probability. It is all about...
Art of protecting the investment
Art of multiplying the investment
Art of business discipline
Art of psychology
Art of philosophy

Trading is a business, thus a philosophical skill powered by psychological, creative and last but not least analytical skill.

These statistical stuff are analytical skills. It wont work in trading.
 
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My question is "Are you statistician or trader? "

If a probability based strategy hits target 90% of the time but only after hitting the stoploss then whats the point?

A trader has to bring some experience, creativity and character to workout how to reduce the hits on stoploss, which a statistician cannot do.

A good statistician can create a good strategy better than a trader. It will be good only from academic point of view. Not from trading perspective.

Trading is not all about statistics. It is all about...
Art of protecting the investment
Art of multiplying the investment
Art of business discipline
Art of psychology
Art of philosophy

Trading is a business, thus a philosophical skill powered by psychological, creative and last but not least analytical skill.

These statistical stuff are analytical skills. It wont work in trading.

In that case the target should be the stop, and vice versa.
 
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