PaintBar Factory | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

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)

Orange County, CA
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...

Reply With Quote
The following 5 users say Thank You to drlicks for this post: