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Some insight for new traders


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Some insight for new traders

  #41 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
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ctnz View Post
sledmt

I know you are just south of Whitefish and the Canadian border. I lived in Reno, Nv for a long time. Probably the closet I ever got to you was around I90 in Missoula on on of my drives at night eons ago. You guys flew at night on the highways in those days.

There was a period of time where the highway speed limit was "responsible and prudent". No limit more or less. Not anymore.

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  #42 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
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As a programmer, I am curious what type of journaling do you use when trading?

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  #43 (permalink)
ctnz
Invercargill, New Zealand
 
Posts: 48 since Jan 2012
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It was in the R&P days. Do you still have it?

It was a $5 fine but you go a $5 discount for having your seatbelt buckled.

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  #44 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23


ctnz View Post
It was in the R&P days. Do you still have it?

No, speed limits on all roads.

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  #45 (permalink)
ctnz
Invercargill, New Zealand
 
Posts: 48 since Jan 2012
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I have a notebook I write my emotions into.

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  #46 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23


ctnz View Post
It was in the R&P days. Do you still have it?

It was a $5 fine but you go a $5 discount for having your seatbelt buckled.

The police tend to be harder than they were in the days of old. I remember hearing stories from my uncle about how they would allow quite a bit, not so anymore.

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  #47 (permalink)
 Chile 
Boston Massachusetts
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES, Crude CL, Gold GC
Posts: 31 since Dec 2015
Thanks Given: 8
Thanks Received: 14


ctnz View Post

I am looking for price to retrace or pullback to a support level, sometimes it never does. When other people are getting out, I am getting in. Some people who have seen me trade say I am crazy and like a person who is stepping in front of a an oncoming bus. Here is more psychology at play. Most traders will not step in front of price when it moving quickly. Would you step in front of a moving train or bus? I doubt it, but I do. Most traders wait for the bus to stop and begin to go the other way, they want that confirmation

Can you please expand on this. I agree I could never step in front of a bus. I wonder how you can do that. what kind of support do you depend on. what kind of stop do you use. I assume you place a stop immediately you allow the market to run over you. what you say just sounds crazy to me.

I admit I dont trade. I am trying to learn to trade but I study hard. I agree that what I trade must fit me. and what you do does not fit me. but I got to thinking. how nuts are you. hahahaha. or maybe I am nuts. or both of us. hahahaha. Just to open up a little about me. I have super great fear of losing. that is why I dont trade. I have deep psychological problems with I guess my emotions. I dont want to feel like a bug under a steam roller. so getting run over is a no brainer for me. hahaha.

since no one is going to stand there with you. I assume you dont mind expanding on it some. I just find it hard to believe that there is a rational way to stand in front of the train or bus. So this is my $64,000 question. there was a TV program on in the old days and contestants who later found out were cheating could double their money each week to top prize of $64,000 it was super popular until they found out they were cheating and knew the answer before they asked the question. hahahaha. that is one way to stand in front of the bus if you know the answer ahead of time.

I wanna know what method is powerful enough to stop a bus or train in its tracks. I dont believe it can be done. it is like pulling the trigger on a loaded gun playing russian roulette.

Bye the way this is a super great discussion. I just got here yesterday and thought about this last night and wanna know more. You are a nice person to share your experience with all of us newbies.

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  #48 (permalink)
ctnz
Invercargill, New Zealand
 
Posts: 48 since Jan 2012
Thanks Given: 4
Thanks Received: 168

Chile

You are asking me to tell you my hard earned trading secrets it took me many long hours (thousands of hours, several man years) to figure out. Not gonna happen.

If I divulge for free what I have worked very hard to glean then other people will start using it too and by definition it won't work anymore so I would have to start all over. If you have something that works you never tell anyone.

Glad you like the post but I actually posted this thread several years ago.

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  #49 (permalink)
ctnz
Invercargill, New Zealand
 
Posts: 48 since Jan 2012
Thanks Given: 4
Thanks Received: 168

Chile

"So this is my $64,000 question. there was a TV program on in the old days and contestants who later found out were cheating could double their money each week to top prize of $64,000 it was super popular until they found out they were cheating and knew the answer before they asked the question. hahahaha. that is one way to stand in front of the bus if you know the answer ahead of time."

----------

So why is it so hard to believe anything is so different in trading. The industry standard is 90% of traders go broke. Why is it such a high percentage for some really smart people unless what they are basing their decisions on is not correct. There are two options , one, they are really dumb, which I can't accept. Two, what they are basing their decisions is not true or is a lie. Which seems more likely to you? You decide.

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  #50 (permalink)
 Chile 
Boston Massachusetts
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES, Crude CL, Gold GC
Posts: 31 since Dec 2015
Thanks Given: 8
Thanks Received: 14


ctnz

You are asking me to tell you my hard earned trading secrets it took me many long hours (thousands of hours, several man years) to figure out. Not gonna happen.

stop the Bull Manure

if you want to have a conversation then converse. stop putting people down. I dont take abuse well. not from you or from anyone else. You need some work on treating people nicely. My mother always said. If you can't say something nice then dont say anything at all.

STOP THE ABUSE.

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