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Posts Made By:
monpere
Forum:
Traders Hideout
April 16th, 2012, 02:10 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
I have a refinement to that view. I think you...
I have a refinement to that view. I think you should read every trading book out there until you find a concept that resonates with you. Then read every book you find about that concept. Learn,...
Forum:
Traders Hideout
March 22nd, 2012, 08:20 AM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
. Given that the failure rate is in the upper...
.
Given that the failure rate is in the upper 90's for those who attempt to tradel, maybe the best piece of advice should be, find another way to make a living.
Forum:
Traders Hideout
March 20th, 2012, 02:35 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
Actually, there may be some truth to that. If...
Actually, there may be some truth to that. If you draw your s/r lines using several different methods, and you end up with an area where multiple lines from various methods cluster together, most...
Forum:
Traders Hideout
March 20th, 2012, 12:19 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
Can some of y'all give some marked up...
Can some of y'all give some marked up hypothetical examples of each perspective? For discussion purposes, the following generic chart shows an AIAO hypothetical short trade, lets say with 3...
Forum:
Traders Hideout
March 19th, 2012, 07:58 AM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
I have to agree. There is too much zen...
I have to agree. There is too much zen philosophy, good ole sayings, nursery rhymes, and sports analogies from posters when talking about trading. If we want to illustrate our points or...
Forum:
Traders Hideout
March 17th, 2012, 01:13 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
Agreed. Newbies fixate on the upside,...
Agreed. Newbies fixate on the upside, professionals plan around the potential downside. It is about risk control. The question is not what's the fastest way I can turn my $5k account into $10k,...
Forum:
Traders Hideout
March 7th, 2012, 12:43 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
Trade proactively rather then reactively, so that...
Trade proactively rather then reactively, so that you become a stalker. Determine in advance exactly what the market has to do for you to enter or act on a trade. Get to the point where you know...
Forum:
Traders Hideout
March 7th, 2012, 12:21 PM
Replies:
91
Advice from traders with 5+years experience
Views:
47,969
Posted By
monpere
Scalp and non scalp trading are 2 different ball...
Scalp and non scalp trading are 2 different ball games. The same rules don't apply to both. Most higher time frame traders are trading S/R levels, trying to capitalize on market participant...
Showing results 1 to 8 of 8
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