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Trading Made Simple

  • #96,861
  • Jun 25, 2019 11:41pm Jun 25, 2019 11:41pm
Quoting realjumper
{quote} Adding to winning trades is not "Falling Knife" jackass

what an idiot!

to me the price is falling ..... its falling knife.

nothing more nothing less...

if you have another definition what is falling knife, keep that to yourself.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,862
  • Jun 25, 2019 11:48pm Jun 25, 2019 11:48pm
GBPNZD beware of dead cat bounce .... BRN 1.9000

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jun 26 dead cat 19000 26-06-2019 14-44-54.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,863
  • Jun 25, 2019 11:50pm Jun 25, 2019 11:50pm
Quoting emmanuel7788
{quote} what an idiot! to me the price is falling ..... its falling knife. nothing more nothing less... if you have another definition what is falling knife, keep that to yourself.

When people refer to 'catching the falling knife', they refer to adding to losing trades....which is something that you do all the time. The analogy, quite simply is that you get cut every time you grab for the knife, or in your case, every time you add to a losing trade, because, after "30 long years" you still cannot pinpoint an entry, jackass
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,864
  • Jun 25, 2019 11:52pm Jun 25, 2019 11:52pm
Quoting emmanuel7788
{quote} what an idiot! to me the price is falling ..... its falling knife. nothing more nothing less... if you have another definition what is falling knife, keep that to yourself.
"A falling knife is a colloquial term for a rapid drop in the price or value of a security. The term is commonly used in phrases like, "don't try to catch a falling knife," which can be translated to mean, "wait for the price to bottom out before buying it." courtesy of investopedia.com so RJ is right, you are just selling in a downtrend, nothing to do with a falling knife. As RJ just said, its something you normally do when you're buying against what the chart is actually showing you, so makes a nice change to see one going in the right direction
Success means going from failure to failure without loss of enthusiasm
  • #96,865
  • Jun 25, 2019 11:53pm Jun 25, 2019 11:53pm
How did your GU CONTINUATION trade go yesterday, in that other thread that you infected? You lost, didn't you? Because you entered like a newbie, not like someone who has traded for '30 long years'

Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,866
  • Jun 26, 2019 12:08am Jun 26, 2019 12:08am
Quoting realjumper
How did your GU CONTINUATION trade go yesterday, in that other thread that you infected? You lost, didn't you? Because you entered like a newbie, not like someone who has traded for '30 long years' {image}
30 years taught me that taking losses is easy and move on. there is no holy grail. there is no 70% to 80%.

you have only 10 years trading experience, still long way to go and lot more to learn.

yesterday take a loss and look for next opportunity.

GBPUSD Trading Made Simple(r) now with open positions

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 26 recover 26-06-2019 15-04-43.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,867
  • Jun 26, 2019 12:10am Jun 26, 2019 12:10am
Quoting lisat
{quote}"A falling knife is a colloquial term for a rapid drop in the price or value of a security. The term is commonly used in phrases like, "don't try to catch a falling knife," which can be translated to mean, "wait for the price to bottom out before buying it." courtesy of investopedia.com so RJ is right,...

I know what investopedia prints. It can't be wrong.

I really don't care what you and RJ think and say.

have nice day you both
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,868
  • Jun 26, 2019 12:12am Jun 26, 2019 12:12am
Quoting emmanuel7788
{quote} 30 years taught me that taking losses is easy and move on. there is no holy grail. there is no 70% to 80%. you have only 10 years trading experience, still long way to go and lot more to learn. yesterday take a loss and look for next opportunity. GBPUSD Trading Made Simple(r) now with open positions {image}

Don't judge the average persons learning ability timeframe by your own snails pace, where you're STILL trolling on an Internet forum, and jumping from system to system, video to video, book to book, having paid mentors thousands of dollars and STILL learned NOTHING!!!

Do you know how many people sold GU and made money as is dropped...while you were sitting on your newbie entry in drawdown to total loss?...Mr "30 long years"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,869
  • Jun 26, 2019 12:17am Jun 26, 2019 12:17am
Quoting emmanuel7788
{quote} I know what investopedia prints. It can't be wrong. I really don't care what you and RJ think and say. have nice day you both
Sorry I wasn't actually writing for your benefit, but for (hopefully) the benefit of those that think you are never wrong, and lose money every day following what you say.
Success means going from failure to failure without loss of enthusiasm
  • #96,870
  • Jun 26, 2019 12:17am Jun 26, 2019 12:17am
Quoting realjumper
{quote} Don't judge the average persons learning ability timeframe by your own snails pace, where you're STILL trolling on an Internet forum, and jumping from system to system, video to video, book to book, having paid mentors thousands of dollars and STILL learned NOTHING!!! Do you know how many people sold GU and made money as is dropped...while you were sitting on your newbie entry in drawdown to total loss?...Mr "30 long years"

my 30 year trading experience sure bother you and make you very unhappy person.

no worries, you have 10 years trading experience now, just focus and you will catch up with another 20 years ... that would be year 2039 then you can say you have 30 years trading experience too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,871
  • Jun 26, 2019 12:20am Jun 26, 2019 12:20am
Quoting lisat
{quote}Sorry I wasn't actually writing for your benefit, but for (hopefully) the benefit of those that think you are never wrong, and lose money every day following what you say.

most traders will lose their money no matter who they listen to or follow.

who did you follow that made you lose money last year and the last 5 months?

I know, you jump from one strategy to another and yet to another strategy this month...

... just concentrate on your own trading and grow your account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,872
  • Jun 26, 2019 12:24am Jun 26, 2019 12:24am
Quoting emmanuel7788
{quote} my 30 year trading experience sure bother you and make you very unhappy person. no worries, you have 10 years trading experience now, just focus and you will catch up with another 20 years ... that would be year 2039 then you can say you have 30 years trading experience too.

Your *alleged* '30 long years' of experience doesn't bother me at all. Most people have learned and applied what they have learned in a very much shorter time span. To date, you've created nothing.....developed nothing.....you have nothing of your own. You're still jumping from thread to thread, stealing other peoples work, jumping from book to book, guru to guru, video to video and yet you have nothing of your own. Just a lot of spare time to spam other people threads with you <sarcasm> expertise </sarcasm>

Where I am now, you'll never get to, even in another "30 long years"....but I'm only average...not special like you think you are.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,873
  • Jun 26, 2019 12:38am Jun 26, 2019 12:38am
It really is a shame that a thread once started by Big E to sincerely help people has turned into a thread with Big Ego's.
  • #96,874
  • Jun 26, 2019 12:39am Jun 26, 2019 12:39am
Quoting realjumper
{quote} Your *alleged* '30 long years' of experience doesn't bother me at all. Most people have learned and applied what they have learned in a very much shorter time span. To date, you've created nothing.....developed nothing.....you have nothing of your own. You're still jumping from thread to thread, stealing other peoples work, jumping from book to book, guru to guru, video to video and yet you have nothing of your own. Just a lot of spare time to spam other people threads with you <sarcasm> expertise </sarcasm> Where I am now, you'll never...

30 long years ... I have something which you do not have.... I have happiness in what I do every day.

I have a big appetite to read and learn, watch videos and learn, talking to different gurus and learn, ... what have I achieved is I am still learning and I want to learn EVERYTHING in my lifetime. But I know that I don't need EVERYTHING to make money trading the markets. It is the mental fitness to trade the markets.

You have another 20 years to learn EVERYTHING... and catch up with my 30 years.... 2039 is not far away.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,875
  • Jun 26, 2019 12:44am Jun 26, 2019 12:44am
Quoting emmanuel7788
{quote} 30 long years ... I have something which you do not have.... I have happiness in what I do every day. I have a big appetite to read and learn, watch videos and learn, talking to different gurus and learn, ... what have I achieved is I am still learning and I want to learn EVERYTHING in my lifetime. But I know that I don't need EVERYTHING to make money trading the markets. It is the mental fitness to trade the markets. You have another 20 years to learn EVERYTHING... and catch up with my 30 years.... 2039 is not far away. {image}

No...you've learned nothing. Which is why you behave as you do.You have developed nothing, which is why you infect other peoples threads instead of starting your own....because you have nothing original to offer.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,876
  • Jun 26, 2019 12:46am Jun 26, 2019 12:46am
Quoting emmanuel7788
GBPNZD beware of dead cat bounce .... BRN 1.9000 {image}

GBPNZD Jun 26 taken profits and now open a new basket .

Wait and see if there will be a dead cat bounce at 1.90000 then I can build up more positions in the basket.

Will still be the same, limit to 5 positions in one basket use position sizing with stop loss and manage each basket using the basket average entry price.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jun 26 take profit trade report 26-06-2019 15-40-50.png Size: 106 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,877
  • Jun 26, 2019 12:47am Jun 26, 2019 12:47am
If you have a look at the start of Eric's thread and compare charts with now published
ones of the hijacker, you would think, this is something from another universe.

And you're right - but there's a solution: Simply quit the thread, trade your own way,
possibly it's almost the same as Eric's and don't follow the pitchmen.

Wisdom for thirty years, probably more.
trading is war - life is simple
  • #96,878
  • Jun 26, 2019 12:52am Jun 26, 2019 12:52am
Quoting realjumper
{quote} No...you've learned nothing. Which is why you behave as you do.You have developed nothing, which is why you infect other peoples threads instead of starting your own....because you have nothing original to offer.

you still have your lifetime to catch up with my 30 years ... nobody can offer anyone anything original. Every trader must develop his/her own system that fits him/her... that will be their original.

like what the OP of this thread saidpost#296)
--------------------------
Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.
-----------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,879
  • Jun 26, 2019 12:57am Jun 26, 2019 12:57am
Quoting emmanuel7788
{quote} you still have your lifetime to catch up with my 30 years ... nobody can offer anyone anything original. Every trader must develop his/her own system that fits him/her... that will be their original. like what the OP of this thread saidpost#296) -------------------------- Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live. Learn to tweek your strategy to...

It takes "30 long years" to buy into established resistance like you did yesterday (for just one example) in your CONTINUATION trade.....yeah right jackass, you still have a long, long way to go.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,880
  • Jun 26, 2019 1:01am Jun 26, 2019 1:01am
Quoting emmanuel7788
{quote} most traders will lose their money no matter who they listen to or follow. who did you follow that made you lose money last year and the last 5 months? I know, you jump from one strategy to another and yet to another strategy this month... ... just concentrate on your own trading and grow your account.
Ummm wrong again Emmanuel My trade explorer is there for a specific reason, its called testing ideas because my life has changed greatly and so the trading, but unlike someone else I could mention, I don't take my trade explorer down if I have losing trades, oh of course, so I forgot, that was your Lotto model
Success means going from failure to failure without loss of enthusiasm
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