I didn't see the request to call a trade as revealing any methods - just to call something before-the-fact.
Or did I misread it?
Or did I misread it?
Yoohoo's guide to becoming a great trader
- Thread starter yoohoo
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I didn't read the thread, sorry. ImPE it is important to establish what is an average reward range of the entry signal being used, once it is established I look to see how I can get stop to be 3 times less reward. Today I daytraded fDAX, out of 12 R/T I had 7 losing trades & 5 winning ones. An average win today worked out 1.79 times greater than an average loss. Of course it wasn't 3:1, but that was the plan.
Also, I would say don't be in a position at times of economic data releases, depending on stop used of course.
And last but not least don't trade US lunch time & always consider losses first, for example if I have $40k in daytrading account I plan NOT to lose more than $400 per R/T or 1%.
P.S Don't average losers!
Also, I would say don't be in a position at times of economic data releases, depending on stop used of course.
And last but not least don't trade US lunch time & always consider losses first, for example if I have $40k in daytrading account I plan NOT to lose more than $400 per R/T or 1%.
P.S Don't average losers!
Quote from TraderZones:
Your posts have a lot in common with Hershey...
You claim to be a great trader, and keep changing the subject when given the opportunity to so demonstrate
Are you on drugs or is this just normal for you?
Let me take this r e a l s l o w.
1. Get a data feed
2. Get charting software
3. Post a live call
4. Explain what will happen to your trade
Then I will follow and do the same.
All of ET can see how your trading ability compares to your hot air and then all of ET will see if I have hot air.
Come on ChickenZones. One trade lol.
Synopsis of your thread
1) You start a thread implying you are a great trader (see title). You are the singular person implying this ability.
2) You put out a hodgepodge of 50+ unsubstantiated rules.
3) You are challenged to substantiate your claims to being a great trader. An audit path is give, to make it very simple.
4) You throw kilograms of mud, insults and verbal tirades trying to constantly veer the topic away and change the subject from this central issue (and title of thread).
5) You have basically cinched you are terrified of being tracked aka, Jack Hershey.
Your opening sentence on thread "Sorry to those who PM'd me. As you know I have not been posting as I have other commitments." Do you really think you are that important that you were compelled to start one more "worship me" ET thread?
Why don't we both be fair about this TZ? You want me to be tracked for years to satisfy you BUT meanwhile you prove nothing and get off the hook
OR
We both put each other on the hook now and get this over with.
We trade off against each other. That way you get to show that TA doesn't work and that I can't trade but I get to show you post so much you cannot be a student of the markets.
Fair? Both on the hook and not just me? No waiting around, we do it Monday?
OR
We both put each other on the hook now and get this over with.
We trade off against each other. That way you get to show that TA doesn't work and that I can't trade but I get to show you post so much you cannot be a student of the markets.
Fair? Both on the hook and not just me? No waiting around, we do it Monday?
Talent ?
I would say that a good trader is one who likes their beliefs to be challenged.
Yoohoo is throwing some interesting ideas into the ring.
Personally I may not agree with many of his ideas, but that's besides the point, he's offering alternative ideas.
I love brainstorming, and negative criticism accompanied with blinkered or entrenched thinking is counterproductive in my opinion.
You won't let me have my nap will you
Thanks for your contribution...of course TZ completely ignored it as it would subject him to respond with an alternative method, which he does not have....hope everybody reads the crux of your message....
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