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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:48,922 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old October 24th, 2016, 02:21 PM   #391 (permalink)
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wldman View Post
based on my experience the guys that talk the most frequently about money are the guys that are making the least of it. Corollary to that when you have been around a while you are less enthralled by dollars and more by the victory associated with consistent high performance. Think about it: To someone making x amount per typical week, making x is the expectation and it is not a big deal.

People talk in a way that reflects two things, how they want to be perceived (true or not) and about what bothers them (always true).

I'm only going to type positive stuff at or about guys in the forum. If I have a question about character or content I'll just ask respectfully and move on...I don't need the distraction.

@rocksolid68 has yet to talk nonsense or lead guys astray. There is evidence in what he says that he does know what he is talking about as it relates to his specific approach. His path does seem similar to guys that had no idea and no right to be heard. He says he is posting to share with others, that is noble, and I believe him. His content will change, evolve and improve as he gains more and more experience. IMO he will learn a great deal through the process and continue to get better and better at the craft and at sharing it here. Credit, of course to the guy that puts himself on the line and makes calls in a way that creates accountability. The guy is smart, friendly, respectful and enthusiastic. IMO the community should encourage people. So, good work man. Focus on what makes you happy. If you want to make a spreadsheet because it will help you in specific goal attainment, do it.

Great post

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Old October 24th, 2016, 02:28 PM   #392 (permalink)
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Okay fellas.... I can't resist - I am long.

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I think we have a good chance to test VWAP/OR-Low and possibly higher.

I am fading to the day low.


     
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Old October 24th, 2016, 02:31 PM   #393 (permalink)
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RVOL picking up the pace.... May be time for the rally to flush all the weak hands that got short!

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Old October 24th, 2016, 02:47 PM   #394 (permalink)
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Yummy TICK divergence. I scalped the adds from down there to take some of my losses from this morning off.

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Holding the original contract.

Hoping we get some volume to take us higher.

     
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Old October 24th, 2016, 02:52 PM   #395 (permalink)
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Futures Edge on FIO

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TheShrike View Post
I'm sure if you called up your local casino and told them you wanted to drop by and play a martingale system on one of their games they'd welcome you with open arms. The house always has the edge in the casino and if they feel they don't they will refuse your action.

This is the point, you can't do this. I would keep playing and doubling the stake til I won. Tables have a max stake, even if it's not stated.

They may accept if they knew I had limited cash and was guaranteed regular customer (ie loser).

They don't have an edge if you have more money than they do.


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Old October 24th, 2016, 02:59 PM   #396 (permalink)
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Oof... ETH-VWAP stuffed the rally for now...

EDIT: Adding at -1SD.. Might as well! Worst-case scenario I end up down the same amount from this morning!

     
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Old October 24th, 2016, 05:28 PM   #397 (permalink)
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All said and done, still down on the day. Not much, but some.

Market was beyond lame today when I was trying to scalp.

Well, I will take what I can get!

     
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Old October 25th, 2016, 09:44 AM   #398 (permalink)
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Bonds testing the bottom of a channel that started in 2013. Could be pretty telling if it holds or not.

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Old October 25th, 2016, 09:59 AM   #399 (permalink)
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Something I find quite interesting right here:

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This is a ES:ZB ratio. Equities to long-term bonds ratio.

Bonds have been more attractive than equities for quite some time now. We have yet to fully recover from 2008.

Equities are clearly showing a lack of interest compared to long-term bonds since late 2014. Bonds have since been more attractive than equities. Equities are seemingly going to break the down trend line that can be seen on the ratio graph. If we fail to do this, I would expect a fairly good drop in equities.

I think this is something of interest for long term investing/trading

     
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Old October 25th, 2016, 05:12 PM   #400 (permalink)
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today


Hey alex - how did you end up today? i had to shoot from the room.

was good session today despite it not seeming like much is going on its good to reference your thought processes through the trade setup, entry and management. invaluable stuff.

     
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