PaintBar Factory | Trading Reviews and Vendors


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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

PaintBar Factory

  #55 (permalink)

Just starting out...
Orange County, CA
 
Futures Experience: Intermediate
Platform: Tradestation, Investor R/T
Broker/Data: Transact
Favorite Futures: CL, NG, GC
 
Posts: 3 since Dec 2009
Thanks: 1 given, 1 received

In my opinion, the real Holy Grail is knowing the statistical edge of your setup and then using money management to keep your risk/losers small and your winners larger. If you don't know the probabilities of your trading setup, then there is no point in trading. Believe me, I've worked hard to find all sorts of beautiful and complicated looking indicators that have no quantifiable edge. In the end, these were nothing but time sucks, or at best, experiences in learning what not to do. Ultimately it is pure price action in conjunction with key support and resistance levels that will make you profitable if anything will. And the only way to get that knowledge is lots and lots of screen time and practice. Hope this helps...

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