If I can please chime in here .... The more someone limits their definitions of things, the more they miss out on learning. Eg - For me ...... I do an average (!!!!) of 5-6 % per day that I trade. Now please keep in mind this is conservative and ...

The brutal truth of day trading

As I do concur with much of what you have said here, simnz, to me, there is no reason to add too much to this. The approach I have described, is used by me everyday with the the focus on 'big players', fundamental markets and many production and ...

Intermarket correlation - Price tells story?

For a long time now, I have known that a major downfall of following other people, is the fact that you take on both their strengths as well as their weaknesses. And usually you do not get the chance to choose if you want this to happen. And now, to ...

Objective Thinking And Trading

Firstly, let me say this - most people I have ever met, fall into 2 categories = those who understand the business world and those who do not. Truthfully, there is no issue with being ignorant of the business world, but many traders (beginner or ...

Intermarket correlation - Price tells story?

"Digitized screen monkeys" must come to appreciate that a "screen" has a fixed set of dimensions and inputs and therefore parameters that one can use or misuse. What I see with many people, is you ACTUALLY believe to your core, that a price chart IS ...

The brutal truth of day trading

Now take what I have been discussing in recent posts on this site, and now add this video of a modern day look at the marketplace. If you won't listen to me then listen to him ........ video Day to day trading is affected by many things. So please ...

The brutal truth of day trading

Jimmyboy, Please go and re-read some of the details in recent posts in the last 1-2 weeks I have made. The central focus is described there. Peter

The brutal truth of day trading

Who and why??? Peter

The brutal truth of day trading

Hi Bilal, No sorry, not what I was talking about. Keep researching and thinking. In the last 1-2 weeks I have discussed a number of things related to what I am talking about. Research more. Michael has opinions and insights. If you want to call them ...

The brutal truth of day trading

Hi FIT, I'm glad you're enjoying your trading. Peter

The brutal truth of day trading

OK, let's indulge. Any real life, stress test cannot and should NEVER be done with internalized data. Why not? The proficiency is always skewed as no one market is an island. So my stress tests are always performed pro rata with what is called Price ...

The brutal truth of day trading

You're a grot.

The brutal truth of day trading

Here is a stress test for people who have doubts about certain aspects of their thinking and understanding ....... image This is me trying to be helpful so if anyone wants to throw trash talk, then so be it. Peter

The brutal truth of day trading

You have a vivid imagination. But no, it's very simple - I'm not a circus clown. So because I'm not like you, you think I'm the dumbass. Mmmmm. Interesting.

The brutal truth of day trading

Bilal, What many people are trying to do is - "speculate properly". Which is fine if you have low personal standards and are looking for the "easy way". You don't need "more charts", you need to look at what's doing the thinking in step one. One day ...

The brutal truth of day trading

Bilal, I am very sorry to be the one to tell you that he is far from humble. If you choose not to "agree" or "don't believe me" then you need to pay more attention. Showing people how to trade that leads into a dead end is not my idea or humble OR ...

The brutal truth of day trading

Most of you people are probably assuming that, Jimmyboy. No, not bitter or angry. Just know that paths that are seeded on BS also end in BS splattered over other people. "No man/woman is an island." And so I will say again ...... Learn or don't ...

The brutal truth of day trading

I have found these days that trying to teach people common sense is a wasted effort. Look at Bilal's post above for eg. Do you REALLY need him to tell you how to trade what that screen is showing? Anyway .... Moody.... To respond and seeing as I get ...

The brutal truth of day trading

You can think what you like. Anything like a chart or order flow or Oscillator is just a tool. The difference dear Rick, is this - You did NOTHING to earn access to the futures data. NOT pay for something but EARN access. I have used counter market ...

The brutal truth of day trading

Fact Of Life in Trading = Usual stereotypical day trading is speculative, so beyond the usual thinking of = speculative so must have high or very high % SR per trade style and setup, how about ..... Up and Down = activity. Tick Totality Data is more ...

The brutal truth of day trading