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Awesome New Chart


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Awesome New Chart

  #11 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

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)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
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Broker: Rithmic / CQG / Ninja Trader Brokerage
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I agree...and I suppose there's more truth in it than one wants to believe...

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  #13 (permalink)
 
cme4pif's Avatar
 cme4pif 
Near Vancouver BC CANADA
 
Experience: Intermediate
Platform: NinjaTrader -- IB
Trading: Futures
Posts: 32 since Mar 2011
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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)
 
sptrader's Avatar
 sptrader 
Colorado
 
Experience: Advanced
Platform: MultiCharts
Broker: IB & Iqfeed
Trading: ES , CL
Posts: 535 since Apr 2010
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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)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
Posts: 1,193 since Apr 2010

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

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  #16 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
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Funny - but too many F-words for my delicate ears...

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  #17 (permalink)
 Eric j 
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
Posts: 2,507 since Jun 2009
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" 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)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
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Trading: 6E
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He's going to be rich!!!

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  #19 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
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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)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,440 since Jun 2009
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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.

Mike

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