| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 73 74 75 76 77 ... 105 >>Post Follow-up |
| stratiG 147 posts msg #85634 - Ignore stratiG |
1/6/2010 11:06:19 AM First day back and nothing changes..... 
2 trades on both. TRO before you ask about the EMA(20), I am studying Brook's book on Price Action. |
| TheRumpledOne 6,529 posts msg #85764 - Ignore TheRumpledOne |
1/7/2010 5:00:28 PM stratiG: Each trader must find their own way. DON'T BE FOOLED BY SQUIGGLY LINES. When you understand the true nature of trading, you won't need them. Did you see SFO printed my letter to the editor in the Jan 2010 edition? Well, they edited it. Here's the full letter: Don't get me wrong, I like your magazine, but the NOV 2009 edition contains many of the reasons why 95% of traders lose. The Technical Analysis section was chock full of the trading "myths" that lead traders to ruin. Trading is simple. Price can only move up or down. Price action is simple: 1) Price will either breakout of the high, low or both of the previous bar 2) Price will not breakout of the previous bar. You cannot reduce it any further. Anything else complicates the issue. You do not need any "squiggly" lines to tell you what price is doing. There are no "magic numbers" that foretell the future. Save the "X"s and "O"s for football locker rooms. As long as the trading "myths" are propagated by the trading "gurus" the 95% number is not going get any smaller. The empirical evidence is in: TRADITIONAL TRADING EDUCATION AND METHODS ARE FAILURES. Avery T. Horton, Jr aka TheRumpledOne |
| tmanbone 124 posts msg #85776 - Ignore tmanbone |
1/7/2010 7:47:10 PM Point well taken. Thanks TRO. I'm curious how many years it has taken you to reach your skill level and if you don't mind how long from day 1till you became a profitable trader. Thanks again. |
| TheRumpledOne 6,529 posts msg #85792 - Ignore TheRumpledOne |
1/8/2010 1:56:46 AM Not easy questions to answer. Been trading since 1977 and learn something new every year. Profitable? I have had my share of ups and downs. But slow and steady wins the race. |
| tmanbone 124 posts msg #85830 - Ignore tmanbone |
1/8/2010 7:41:58 PM Thank you, that puts it all in perspective. |
| allesf 10 posts msg #85883 - Ignore allesf |
1/9/2010 8:18:39 PM Hello TRO, I was trying to get a good market outlook report recently, and every time when I tried to read a report is a link to money making newsletter for an individual or an company. from your experience what is the best approach to find a good market outlook report?. Personally I think we don't need to know what market is doing to make money rite? for traders is all about run your filter and put your stop losses and let the profit run. we can do this in market i guess.no matter if the market is bullish or bearish. cheers, Alles |
| stratiG 147 posts msg #85941 - Ignore stratiG |
1/11/2010 11:49:30 AM TRO, Thanks for the posting your letter. I have been working on using the prior days High/Low and trading off those price lines. I go long if price breaks the High and short if price breaks the Low. If price does not break to the High/Low the following day, I continue to use those price levels going forward until they break. I have a list of 10 - 15 stocks I watch from the MTC filter and that's it. Today I traded POT and RIMM to the down side. So your letter to SFO makes alot of sense to me. I'm trying to keep it simple and stay out of my own way. GS |
| stratiG 147 posts msg #85957 - Ignore stratiG modified |
1/11/2010 2:59:19 PM waited all day for this.... RIMM was text book this morning..  |
| stratiG 147 posts msg #86009 - Ignore stratiG modified |
1/12/2010 10:20:51 AM Lost .15 on RIMM this morning and made a total of 1.10 on WYNN(3 trades).  |
| karennma 8,057 posts msg #86011 - Ignore karennma |
1/12/2010 10:28:22 AM stratiG - stratiG 1/11/2010 2:59:19 PM waited all day for this.... RIMM was text book this morning.. =================================================== Text book ... what? |
| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 73 74 75 76 77 ... 105 >>Post Follow-up |