Note: A few posts have been deleted which may make the last day or two of the conversation hard to follow, sorry. This is because a vendor failed to disclose (as is required) his true status before posting, and it took me a day to "catch up" and delete his posts.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post:
If you think of trading as gambling then you have to position your self as the 'house' where the odds are in your favor. Or, you have to view it as gambling games where the odds can be calculated, like counting cards at the 21 table, or knowing that slot machines are programmed to give payouts a certain percentage of the time, you choose a slot machine that you observe has not given a payout in the last 100 pulls. You have to choose a game (strategy) where you have an edge