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Awesome New Chart
Updated: Views / Replies:8,808 / 61
Created: by Big Mike Attachments:2

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Awesome New Chart

  #11 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

I cracked up,showed my wife, and she has gone to church and will be saying a prayer for this fellow and all the others that fall into this category.

Very scary and probably on the mark.

Trader

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  #12 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received

I agree...and I suppose there's more truth in it than one wants to believe...

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  #13 (permalink)
Elite Member
Near Vancouver BC CANADA
 
Futures Experience: Intermediate
Platform: NinjaTrader -- IB
Favorite Futures: Futures
 
cme4pif's Avatar
 
Posts: 32 since Mar 2011
Thanks: 28 given, 56 received

lol snort lol


That is a real gem Mike. Models and Bottles are in this guys future.

But at least he got all the way to "Stage 2" of trader school without buying a $10,000 trading course on the GANN system.

Thanks Mike!

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  #14 (permalink)
Elite Member
Colorado
 
Futures Experience: Advanced
Platform: MultiCharts
Broker/Data: IB & Iqfeed
Favorite Futures: ES , CL
 
sptrader's Avatar
 
Posts: 533 since Apr 2010
Thanks: 1,080 given, 668 received

He stole my system !
He should have used 2 particle Osc's, that will make it work for sure.. use the 60 sec osc as the long term trend. lol
Seriously , that was great, how many traders start out doing things like that ?
The market is a great but painful teacher..

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  #15 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received

He's been reading the wrong forum....

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  #16 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,668 since Nov 2010
Thanks: 776 given, 8,721 received
Forum Reputation: Legendary

Funny - but too many F-words for my delicate ears...

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  #17 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

" My stock-astic and fi-bone-achi " - hysterical . The dude trying to reason with the soon to be live "trader" is wasting his time .

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  #18 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

He's going to be rich!!!

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The following user says Thank You to vegasfoster for this post:
 
  #19 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
Thanks: 628 given, 6,313 received
Forum Reputation: Legendary

one mistake in awesome trader thinking is his linear thinking i.e. if I make 10 bucks a day then I make 50 bucks in a week and so on.

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  #20 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received



cory View Post
one mistake in awesome trader thinking is his linear thinking i.e. if I make 10 bucks a day then I make 50 bucks in a week and so on.

And I've also seen a huge focus on "how much money I can make" but basically zero focus on "how much money can I lose?". You look at a large number of spreadsheets and it's all about compounding returns and all kinds of stuff for when to add new contracts, but hardly any focus on what to do when you start losing money.

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