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The brutal truth of day trading

  • #1,061
  • Jun 4, 2021 11:49pm Jun 4, 2021 11:49pm
Let us drive this thread again on the right track, so i am new to this forum and want to share that I trade on forex. I prefer to look 1 hr charts for a week to predict the trends. Please share yours according to your style of trading.
  • #1,062
  • Jun 5, 2021 1:41am Jun 5, 2021 1:41am
hello peter.
what do you think about the chances of gbp / usd next week?
thanks in advance for sharing.
  • #1,063
  • Jun 5, 2021 3:24am Jun 5, 2021 3:24am
Quoting tiborf71
hello peter. what do you think about the chances of gbp / usd next week? thanks in advance for sharing.
leave him in peace, ask fairy...
  • #1,064
  • Jun 5, 2021 4:39am Jun 5, 2021 4:39am
Quoting jmn5611
{quote} Peter, once you posted a strong post in my opinion because it had pictures. The majority of people are visual learners, and you are attacking the problem from one prong out of three possible ones. Auditory and Kinesthetic are off the table. So all that is really left is visual. Would you care to visually demonstrate some of the ideas that you are trying to put forward? I think it would help move the discussion. Be aware, in my opinion that memes and Venn diagrams may not suffice, because the former can be culturally specific, and the latter...


Seeing as you asked so nicely I'll humor you ......

The process of learning is necessary to genuinely see what is presented to you. This is not the "school taught" way to approach learning. It is where you use Life lessons etc to reflect on what can be done on a price chart.

Someone who wishes to learn must throw away their wants and desires and learn for the benefit of learning, itself, otherwise the way they see everything around them is detrimentally filtered from reality. If people do not anchor themself to something true and real then they will get lost in the sea of information. And so, instead of just choosing eg the scientific method, add to this the other categories that offer Life lessons to see how to learn..... religion, politics, mathematics, society, people, business etc etc. At this point the only thing that is important is forming best practice ways to think and process incoming and outgoing information. To assume that every situation has up to 360 different perspectives simultaneously present. And you need to accommodate for them all.

I didn't just make this up it has been known and understood for centuries and millennia.

So if people want to learn something it is necessary to seek forms and functions of what is to be learned, in other places, outside the expected topic and subject material. Again, I didn't make this up it has been known about how people competently learn for a very long time. Long before "Psychology/Psychiatry" came along.

If a person wants to learn they must try to find tactile/audible/numerical forms of similar and different forms of the same thing. So Jim, while you see a limit, I see an opportunity. Therefore, more of the same (as seen all over this site) is only going to 'fuel that fire' even more than before. This fire is evident all over the place now. This site, other sites, offline and online.

My suggestion would be this ...

- Throw away the childish attitude that people seem to always have when faced with something they do not know or understand or is unfamiliar
- Realize and come to accept that NO one category of topic or subject is an isolated attempt at learning..... related to trading or not. Your brain doesn't share in your "personal insecurities/biases/prejudices" so accept that fact as soon as possible.
- One of the evident reasons why people take so long to learn how to trade properly is not based on "10,000" hrs of screen time but HOW that time is facilitated. How it's approached. And so, too often, people squeeze information into a tight box and try and make it fit their perspective or point of view. This is an error and seems to repeat until the person changes the "reason" why they choose to learn.
- Opinions kill perspective building exercises. Opinions should only be present when beginning an investigation and at no other time.
- The rest is documented in the pdf's I put together for people over here .......

https://www.forexfactory.com/thread/...ng-and-trading

Despite what people believe, it does not and in fact, never matters what form something comes in. If you limit your approach to just the obvious and literal, then your trading attempts will reflect this.

If people will do the work and cease with their impatience, then they CAN learn, free of restrictions and obligations and perceived "XYZ's".

Those that think this doesn't work or is "wrong/incorrect" have a rather large surprise coming.

There really is no difference between learning how to trade properly and legitimate personal development.


Peter
Real Trading is not gambling.
  • #1,065
  • Edited 12:30pm Jun 5, 2021 11:46am | Edited 12:30pm
The subject of this thread is, brutal truths in day trading. It is a place where people can share and discuss their brutal truths and experiences in trading. In effect, this is a learning place, where your experiences and perspectives can be presented to a broad audience of people with their own experiences and perspectives. The basic idea of this is to help shape or reshape trading perspectives. I have enjoyed reading the posts by RickM, Viktory, TraderTim, KK100,and Simnz, to name just a few, which have prompted some new studies on my part, and helped initiate a few new white paper topics that I am working on. So I extend my thanks to them.

I've shared a few of my opinions and perspectives on trading here, along side those listed above, and answered questions and provided addition thoughts on topics that I have brought up. It was a minor annoyance to hear from Peter that my opinions and perspectives are invalided, my study and learning activities are not "real life" or are merely "school taught" or too academic. From a guy who advocated the learning ideas that he listed above, he seems to constantly violate his own approach with his unqualified opinions about my background and my approach to life and learning, and his unfounded beliefs about who I am and what I do. He filters information that is presented in this thread through his own childish attitudes and ego about other people. He is, himself, and impediment to his own learning, and by extension through his participation here, and impediment to everyone's leaning here. People here are seeking new forms and function to day trading, and trying to explore other peoples perspective in an effort to see more of those "360 different perspectives" he speaks of. Ridiculing, dismissing and criticizing for the sake of ridiculing, dismissing and criticizing, is destructive to the learning and sharing process, whatever the process.

IMHO, the sad, brutal truth here is that Peter has nothing to share about forex trading. If he did, we'd have heard it by now. He has nothing to contribute to a discussion on forex trading, or anything else related to forex trading. And he isn't a forex trader. But the worse sin of all is, that he is so f***ing boring. Let's please move on from this insipid learning crap.
  • #1,066
  • Jun 5, 2021 10:06pm Jun 5, 2021 10:06pm
Quoting GEfx
The subject of this thread is, brutal truths in day trading. It is a place where people can share and discuss their brutal truths and experiences in trading. In effect, this is a learning place, where your experiences and perspectives can be presented to a broad audience of people with their own experiences and perspectives. The basic idea of this is to help shape or reshape trading perspectives. I have enjoyed reading the posts by RickM, Viktory, TraderTim, KK100,and Simnz, to name just a few, which have prompted some new studies on my part, and...


To say all that shows you haven't lived much life. That is obvious. White papers are for people who cannot trade properly and belong in the classroom. This thread was to offer people the opportunity to confront the thread starter's input re: day trading and trading in other formats and considerations. Go read the initial post you fool. There IS no other word for it. Fool. No insults or belittling. You've hung around too many people who "think" they're traders. I do in fact know the difference. Thank you.

Fools like you give traders and trading in general, a bad reputation.

Your miserable excuse for an attempt to "share" with others the same dead end narrative about trading. I know it's not your fault you're ignorant of the other areas of the financial and investment world, but really, I've seen MORE basic maturity in a post pubescent teenager.

It's not my fault you're a soulless, shallow thinking person who obviously has been mentally dead most of your life. I bet you're one of these people who "believes" wearing 3 face masks instead of 1 or 2 will "save you". Hehehehehe.

There is a basic difference between challenging the status quo vs doing what you think we all should do. "Let's hold hands and talk about trading". Nope, sorry, that's not the real world.

People like you are the reason why so many fail to learn well enough to do it on their own. To do ANYTHING on their own actually.

You're an information person and for that I pity you. So naturally what you see as benign HAS TO BE so, right. Otherwise, it makes you look preeeetty silly with all your jibber-jabber (that's the right word right?!) about what you know and can do and all the rest of it.

So really, who gives a rats ass what you think when you cannot see anything that doesn't come in your preferred flavor.

It doesn't benefit me at all if people question knit-wits like you who are married to one way of understanding things.

Imagine this - there's you, with all your "stuff". Now multiply that by about 7 billion. And now, go to the nearest window and look out into the world.

Yaaay ! Welcome to modern day Earth. Where stupid and narrow mindedness is the norm - fashionable and the new trend for the millennium.

So I'll calmly say again, who cares what the opinion of the day is according to people like you.

I don't know everything but I know and understand enough to see when people are going in circles and it's not too difficult to see the feasible ring leaders on a localized level.

Your resume does not impress me and there's no shock and awe present either.

It just reminds me of many traders who have yet to grow up but are constantly yearning for acceptance and inclusion.

I'm sure, as you have done many times before, will find some retarded way to twist what I have said. But that's OK. It's not me that has to learn your lessons. Have fun with that little one in aging body. When you have learned the real lessons I will treat you like a man/woman whichever the true case may be.

Peter
Real Trading is not gambling.
  • #1,067
  • Jun 6, 2021 2:11am Jun 6, 2021 2:11am
Quoting PeterCaleb
{quote} To say all that shows you haven't lived much life. That is obvious. White papers are for people who cannot trade properly and belong in the classroom. This thread was to offer people the opportunity to confront the thread starter's input re: day trading and trading in other formats and considerations. Go read the initial post you fool. There IS no other word for it. Fool. No insults or belittling. You've hung around too many people who "think" they're traders. I do in fact know the difference. Thank you. Fools like you give traders and trading...
Peter

I doubt you have ever traded a live account.
Your inexperienced in trading concepts is astonishing.
When you are challenged to join a trading group or share some live trades on forex factory, you panic.

You haven’t got it have you?

Gutless
Trading thin liquidity at the boundary of the charts
  • #1,068
  • Jun 6, 2021 2:26am Jun 6, 2021 2:26am
Quoting RickM
{quote} Peter I doubt you have ever traded a live account. Your inexperienced in trading concepts is astonishing. When you are challenged to join a trading group or share some live trades on forex factory, you panic. You haven’t got it have you? Gutless
RickM all you are is a immature little jerk, you have Australia written on your profile but really i dont ever think I have met a fellow country man quite as pathetic as you,

all you have demonstrated on here is that you are like a disease, you move from thread to thread shitting on the OP'S and the topics with your ridiculous stories and your pathetic concepts, this is the behaviour of a fly, so maybe you should change your profile pic to a blow fly pic?

no matter how many times more experienced traders tell you how stupid you sound you keep coming back and writing the same garbage replies which is why no one with any credibility on here bothers to reply to you anymore, you are more like the AFTERBIRTH of decent conversation, you know planceta that is hosed down the floor drain in a hospital?

seriously loser, go and start your own thread and see how many experienced traders clap you along - you know none ever will, because you know the only idiots dumb enough to follow you and believe your stupidity and immature replies are the lobotomised sheep which want to go down on your small pecker
  • #1,069
  • Jun 6, 2021 3:09am Jun 6, 2021 3:09am
Quoting asset21
{quote} RickM all you are is a immature little jerk, you have Australia written on your profile but really i dont ever think I have met a fellow country man quite as pathetic as you, all you have demonstrated on here is that you are like a disease, you move from thread to thread shitting on the OP'S and the topics with your ridiculous stories and your pathetic concepts, this is the behaviour of a fly, so maybe you should change your profile pic to a blow fly pic? no matter how many times more experienced traders tell you how stupid you sound you...
Well, he mostly writes about trading; while you're just complaining about him, criticizing and insulting, full of nothing more than subjective assumptions, without any factual basis or argument. So, what's your positive contribution/debate here?
  • #1,070
  • Jun 6, 2021 3:41am Jun 6, 2021 3:41am
Quoting asset21
{quote} RickM all you are is a immature little jerk, you have Australia written on your profile but really i dont ever think I have met a fellow country man quite as pathetic as you, all you have demonstrated on here is that you are like a disease, you move from thread to thread shitting on the OP'S and the topics with your ridiculous stories and your pathetic concepts, this is the behaviour of a fly, so maybe you should change your profile pic to a blow fly pic? no matter how many times more experienced traders tell you how stupid you sound you...
"RickM all you are is a immature little jerk, you have Australia written on your profile but really i dont ever think I have met a fellow country man quite as pathetic as you"

Hope you had a great weekend and trade well next week. Please don't let your emotions effect your trading next week.

All the best mate.
Trading thin liquidity at the boundary of the charts
  • #1,071
  • Jun 6, 2021 4:04am Jun 6, 2021 4:04am
Quoting asset21
{quote} RickM all you are is a immature little jerk, you have Australia written on your profile but really i dont ever think I have met a fellow country man quite as pathetic as you, all you have demonstrated on here is that you are like a disease, you move from thread to thread shitting on the OP'S and the topics with your ridiculous stories and your pathetic concepts, this is the behaviour of a fly, so maybe you should change your profile pic to a blow fly pic? no matter how many times more experienced traders tell you how stupid you sound you...
You mixed up the names. Instead of RickM you should write PeterCaleb. And then all your post is correct 100%.
Observer effect
  • #1,072
  • Jun 6, 2021 6:05am Jun 6, 2021 6:05am
Quoting RickM
{quote} Peter I doubt you have ever traded a live account. Your inexperienced in trading concepts is astonishing. When you are challenged to join a trading group or share some live trades on forex factory, you panic. You haven’t got it have you? Gutless
Since someone turned me in and I got my first CC in 9 years, I thought I would be more diplomatic with Peter. He does not seem to be interested in any real concepts other than his personal real world, which, right now, he unwilling to share. While many may call it delusion, maybe there is something there that we little people cannot see. We must only wait and see where this apparent delusional behavior goes. FF has decided he is good for business, so he is not going anywhere.

Funny that.
If you are good at something, never do it for free--Joker
  • #1,073
  • Edited 9:42am Jun 6, 2021 9:10am | Edited 9:42am
Quoting jmn5611
{quote} Since someone turned me in and I got my first CC in 9 years, I thought I would be more diplomatic with Peter. He does not seem to be interested in any real concepts other than his personal real world, which, right now, he unwilling to share. While many may call it delusion, maybe there is something there that we little people cannot see. We must only wait and see where this apparent delusional behavior goes. FF has decided he is good for business, so he is not going anywhere. Funny that.
Unfortunately you are so correct.
Its all about clicks to threads to get those advertising revenue's ticking over.

Maybe I'm the fool after all

edit - Of course, now we know why he is here. Nothing better than a troll to generate revenue turnover for ............

I shall resist posting about him again
Trading thin liquidity at the boundary of the charts
  • #1,074
  • Edited 9:35pm Jun 6, 2021 9:51am | Edited 9:35pm
Peter is on a long awaited drive to clean up FF of long-residing dwellers engaged in gossipping, spreading half cooked knowledge and choking FF of any real meaningful dialogue on improving trading, using it to set up own private channels, Gurus getting free space to promote themselves , attracting ego massagers either as fellow travellrs or piggyback riders hoping to become small gurus themselves, and preying upon the challengers and demoralising real traders and inadvertely forcing their exit.
Practice makes a person perfect
  • #1,075
  • Jun 6, 2021 10:54am Jun 6, 2021 10:54am
Attached Image
"Exchange of hands"
  • #1,076
  • Jun 6, 2021 10:59am Jun 6, 2021 10:59am
Quoting bilal1947
{image}
Bullish or bearish candle? Is it higher or lower 200 EMA?
Observer effect
  • #1,077
  • Jun 6, 2021 11:18am Jun 6, 2021 11:18am
It should depend on your style! If it doesn't suit you, then never ever think that it'll work for you. I tried scalping before and it just wasn't my cup of tea. Am mostly swing trading nowadays. But yeah, statistically, the more you trade, the more you're likely to lose. So scalping is the riskiest of them all while investing is the least risky.
  • #1,078
  • Jun 6, 2021 7:42pm Jun 6, 2021 7:42pm
I posted a comment above that contained 4 items in its message:
-I reviewed the topic of this thread
-I commented on my participation and thanked those of you who have participated
-I critiqued Peter's contribution to this thread, or lack there of
-I critiqued Peter's interpersonal sills, or lack there of.

To be fair, and to keep my post in context, I have criticized Peter for his rambling, disjointed and disconnected thinking and communications style, and his frequent use of non sequitur.

Here is how he responded, after I pulled out the comments that seemed most coherent:

'To say all that shows you haven't lived much life.
White papers are for people who cannot trade properly and belong in the classroom.
This thread was to offer people the opportunity to confront the thread starter's input re: day trading and trading in other formats and considerations.
You've hung around too many people who "think" they're traders.
I do in fact know the difference. Thank you.
Fools like you give traders and trading in general, a bad reputation.
Your miserable excuse for an attempt to "share" with others the same dead end narrative about trading.
I know it's not your fault you're ignorant of the other areas of the financial and investment world
I've seen MORE basic maturity in a post pubescent teenager.
It's not my fault you're a soulless, shallow thinking person who obviously has been mentally dead most of your life.
I bet you're one of these people who "believes" wearing 3 face masks instead of 1 or 2 will "save you".
There is a basic difference between challenging the status quo vs doing what you think we all should do.
"Let's hold hands and talk about trading"
that's not the real world.
People like you are the reason why so many fail to learn well enough to do it on their own.
You're an information person and for that I pity you.
So naturally what you see as benign HAS TO BE so, right.
It doesn't benefit me at all if people question knit-wits like you who are married to one way of understanding things.
Imagine this - there's you, with all your "stuff".
go to the nearest window and look out into the world. Yaaay !
Welcome to modern day Earth.
Where stupid and narrow mindedness is the norm - fashionable and the new trend for the millennium.
So I'll calmly say again, who cares what the opinion of the day is according to people like you.
I don't know everything
I know and understand enough to see when people are going in circles
it's not too difficult to see the feasible ring leaders on a localized level.
Your resume does not impress me
It just reminds me of many traders who have yet to grow up but are constantly yearning for acceptance and inclusion.
It's not me that has to learn your lessons. Have fun with that little one in aging body.
When you have learned the real lessons I will treat you like a man/woman'

I rest my case.

And Peter, if you want to learn how to trade the forex, you can join me in the challenge I presented you a few weeks ago. I think you could learn a few things about real-world forex trading, and it would give you an opportunity to show everyone those superior and real-life trading skills of yours.
  • #1,079
  • Jun 6, 2021 9:42pm Jun 6, 2021 9:42pm
I will say this veeery slowly so your cardboard cut out brain doesn't get too strained here -

You are just one of those people who was already tested/challenged but I did it without the sideshow alley parade you and RickM and others think is necessary to prove some kind of point and so, show people that even if I won the challenges I would still lose because I'm not dealing with people who have any real world consequences for interacting the way you do. And that's the very reason why people behave the way they do. And why I don't have to just accept whatever information you want to put forward. And neither do other people.

The last time I checked, I can call bullshit on anyone I see fit to look at in this world. You and your cronies included.

People generally ignore the basic overlap between real life and trading. And the status quo reigns over their thinking.

And so, the silly and colossal mistake by you and others like you is, I don't care who you are, who you think you are or who you think I am. Nope, not a whisker.

People like you who think the way you do are of no interest. No concern, don't matter. You're a chattel to your own circular thinking. And that's all. There is no wisdom in that...... not for ANY age group.

Only an imbecile would ignore the basics of how something works. And reading a thread is included there.

Everything that is presented by me is in the form of observations combined. There is a HUGE difference between that and being judgmental and feeling superior.

So ...... any more trash talk?

You see, in real life it wouldn't be at all hard to sum up a person like you. It's not me that does anything, you do all the work.

There, there's a response from me.

Hugs and kisses -- in case your soft underbelly is hurting.


Ciao


Peter

Attached Image
Real Trading is not gambling.
  • #1,080
  • Jun 6, 2021 10:03pm Jun 6, 2021 10:03pm
Day Trading Thought of the day......

I find people do not trust themselves enough and do not understand there are always 3 sides to any situation that you want to trade.

When you combine these together, you have people who still think they're back in primary or secondary school playing the same silly pathetic games .... only now, they've been 'released out into the wild' and now the world has to keep them alive and deal with them and put up with their "issues".... instead of being an adult and facing them head on.

The world doesn't need more "stupid". It's spilling over with that thank you very much.

So maybe it's time people throw out everything they think they know and try again.

Go on, try again.

Instead of assuming you're right, without any meritable deep investigation to back you up, try your hand at assuming your wrong. Assume that you have a very limited awareness and understanding of many things. Assume that your assumptions are foundationless. Assume just for a moment, that your lifetime of accumulating information and apparent knowledge, is in fact NOT the total sum of what is involved.

You see, IF you want to learn something properly, THAT is what you do.

Not listen to gaffers who have put themselves in a box.

Cheerio


Peter

PS - Trading is like anything - Either you're a nimrod and try to assume your way to something you clearly do no deserve, or you use your common sense intelligence. I love it when nimrods try and argue with Life. Life always has a way of putting people into perspective. * It always gives me a warm feeling knowing that MY children will never grow up to be that way.
Real Trading is not gambling.
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