The Bucking Bronco

@182. Trailing stop on. Profits locked in. All men well defended. We'll see.

W.D. Gann – How to Trade:"Never Guess. Trade on scientific indications only."

As I said: I have to quit with these demonstrations. Nothing changes.
She hints, hints, hints! And we don't want to accept! → Trend is our only friend! Don't fight the tape.

But don't care about me.
Stay happy. Stay with your gambling, countertrend, averaging down, hedging, rescues... etc.

Humiliation?
The average trader's frustration is a terrible thing. I know.
@ 12.100, now.
It's ok for me!
m5

The fti's better lesson:
"She says "Tango!" and I Tango! I do the work, she pays for the OBEDIENCE!"

Piazzolla is always astounding! So clever and fascinating!

I decided to try the impossible.
Tight stop on, protecting 12.100... and aiming 12.000.
Let's see.
No cost in this, only fun and good music!

Tango!

I adore Alexandra and her magic touch. This is simply incredibly well played. Pure pleasure for me.

OK squared 12.044.
It was fun.

CU.
Trading Live is a pleasure for me.

My exit was perfect. Price didn't hit 12.000.
In terms of total profit, this was the single best trade I ever made. My new personal record.

Welles Wilder after spending years searching for the perfect indicator wrote: "To succeed in the markets you must surrender."
"Going with the changing flow" is the operating procedure I have learnt from the Forefathers of scientific trading.
Paul Tudor Jones correctly said, "The illusion has been created that there is an explanation for everything, with the primary task to find that explanation."
I want exactly the opposite.
Approaching markets with total ignorance is the mindset I want. Because when trading nothing matters except price action.
It's the Charles Dow lesson: everything is reflected, totaled, and discounted in the price.
I mean everything.

I lived the importance of price action through my pages for those who want to understand.
I followed the path fti indicated and I reached my own conclusions.
Study with passion and don't force.
The only thing that matters is preparation.

Everything is ready for my weekend.
- A book I've already read, to be refreshed.
- A couple of new documents to study.
- Some charts to review and comment.
- Some notes to write.
- So much good music to keep me company.

“I have been in the speculative game ever since I was fourteen.
It is all I have ever done. I think I know what I am talking about.
And the conclusion that I have reached after nearly thirty years of constant trading,
both on a shoestring and with millions of dollars back of me, is this:
A man may beat a stock or a group at a certain time, but no man living can beat the stock market!
A man may make money out of individual deals in cotton or grain, but no man can beat the cotton market or the grain market.
It's like the track. A man may beat a horse race, but he cannot beat horse racing.”

― Jesse Livermore

(Poor Jupiter... Please, tell me.
Is it so difficult to understand? Why does everyone persist in not understanding the implications of lessons like this?)

Ed Seykota:
"Until you master the basic literature and spend some time with successful traders,
you might consider confining your trading to the supermarket."

Questions:
KNOWLEDGE CREATION, LEARNING CYCLE and ACQUISITION OF SKILLS.
Is it clear the difference between Knowledge and Skills? (It is fundative even in Sun Tzu lessons)
What is the relationship between "Theoretical Study" – "Learning by doing" – "Deliberate practice in extreme conditions"?
Is it clear the difference between:
Basic concepts acquisition,
Abstract conceptualization,
Experiential learning,
Deliberate effort in stress zone,
Active experimentation,
Reflective observation...???

I'm talking about...
- The necessary actions finalized to create new knowledge in the face of uncertainty and failure; and
- How to open the way to new, broad and deep horizons of experience.

This is a territory for a deep meditation.
Don't be like the rest: train yourself like the best!

GENIAL.
I already posted it in the past.
So useful to go back to it... every now and then. Never forget the Trading Heroes and their brilliant lessons.

NAS100

Only trail stop / no add on

1) Yes, "Read the Form" it's the correct approach.
2) Yes, don't worry about the add-ons. First concentrate on the right direction and exit.
3) As soon as you can... correct and update your Trendlines, following the evolution of the action.
4) Notice how strong it was the Bears reaction after the first Breakout attempt.
5) Study with attention all the possible, theoretical dynamics of a Break.

6) Continue to post!

Is that the quality of the public on this Forum?
Come on Staff, where are you?