Why Profitable Trading Is So Difficult

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tradingjournals said:
Some realtime analysis: QQQ now at 86.80. My models tell me to move from long side of strong stocks to short side of weak stocks.

I believe that trading is more likely a zero to negative sum activity than not.
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QQQ at 85.92 in AH, which is an area that price action would qualify as support.
 
tradingjournals said:
One hour later: QQQ at 86.56. Negative excursion=0 (~0.01). Reward/Risk=+24.
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There's no way to determine an MAE or R:R from your statement at 12:45 ET that with a new HOD having printed at 86.80 your models indicate it's time to switch to shorting weak stocks.

Even if a trader got filled at the high tick of 86.80 in QQQ, the R:R can only be calculated based on what the predetermined risk was. If you were trading QQQ and got short at the high tick, where was your stop loss, or at what price would you have exited the trade had it continued to run? That would be a starting point for R:R.

Since you were shorting weak stocks at that time, can you post your trade log showing us which stocks you shorted, where your stop loss level was and how the trades turned out?
 
Pigsky said:
Interesting... let's review...

Nodoji claims to have a method that nets between $1500 and $5000 a week per CL contract, and it is 100% objective.

She says here she asks interested students to do a home work of finding a certain pattern in 2 weeks of price action...... and no one will do it. I understand most people are lazy, but surely at least a few are willing to do such a simple assignment???

Previously she said that she in the past shared exactly how she trades with a dozen ET members and that those members could look at any chart of any day and tell you exactly where she traded and why. Yet none of those people can come out and reveal their own testing of this method and what the results were??? I know if someone gave me an objective method that was so successful I would certainly test it and then report back whether or not it could produce the results claimed.

I wonder if some of the dozens of Nodoji students who have refused to do any of the work are willing to say why not?? There are always people jumping to defend her from any kind of questioning, so surely they can answer why they wont do the work she asks. There must be a reason. Maybe the student is lazy as ND says, or maybe they are not lazy but have some problem with the assignments or methods given to them, or maybe some other reason............
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I think it was market surfer who said she was doing 5k a day average. Not sure if that's one single contract or absolute amount. $5000*252=$1,260,000 per annum.
 
macattack said:
I don't think most people can do what you do no matter how much analysis they do, even though I do think it's important to do that kind of work. I think it comes down to something else. Not sure what it is because all of our brains are wired differently, so I don't know the thoughts you go through as you're trading.

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if you think it can't be done, then it can't. If you think it can be done, then it can.

I remember a thread on these boards saying that averaging more than 2 ES pts per day is impossible. Focus on what u want to achieve, and put a plan in place to achieve it. Set your mind on limiting beliefs and you will not succeed.

Perhaps NoDoji put lots of research into CL to trade it effectively.

Hell, I took a 6 month break from ES trading when I was losing my a$$, and studied historical charts for 6 months 5 hours a day until I was able to come up with even something slightly resembling a trading plan.


Most here just don't want to do that type of homework. And I'm ok with that, b/c I have no problem taking your money.
 
Hi NoDoji,

Are you active in any chat room during the trade day?
If yes, I would very much appreciate joining in and getting your insights in the price action of CL.

Badeco
 
Badeco said:
Hi NoDoji,

Are you active in any chat room during the trade day?
If yes, I would very much appreciate joining in and getting your insights in the price action of CL.

Badeco
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No, I'm not at this time. I sometimes chat with a few Skype friends after the morning part of the session, but during the first couple hours of the pit session I'm 100% focused on making my day's pay. As a scalper, I keep several price levels in my head at all times and have to be ready to place or cancel orders very quickly if trade conditions are met or invalidated.
 
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