DislikedIsn't an exit strategy just an entry strategy for a flat position?Ignored
tfflyer may feel differently "As soon as i feel exciting" he will do it.
Johnny
What have you learned? 231 replies
What I have learned trading & How I developed my system 6 replies
It's been 3 years what have I learned? 82 replies
What Have I Learned Since 2006?? 1 reply
DislikedIsn't an exit strategy just an entry strategy for a flat position?Ignored
Dislikedyup! but i find that i can predict the 'strike' price much better. So my entries are pretty much random. But once i'm well into profit, i can see zones where price will gravitate towards. It's like reverse trading.Ignored
DislikedI have learned one secret which builds any kind of skill human beings want-
There are 100 billion neurons connected with 1000 trillion synapses in the brain. Brain is the most powerful PC in the entire universe.
Learning, memory and skill development happens when neurons and synapses undergo a change called brain plasticity.
Are traders making their own trading journal, revising the journals, learning trades, memorizing them, revising them- Are traders doing what doctors, engineers, accountants do to learn their profession?Ignored
DislikedI think this thread should at least focus on the lessons of exiting. This is THE MOST important part of trading. But..we instead focus on philosophical bullshitIgnored
DislikedOkay.. Now this is what I actually think is typical BS on forums.
I'm not goint to go deep into this subject but entry is the point where the trader decides to take the risk and risk her money. If the entry is selected badly the trader is risking her money for nothing, ie. random movement or worse. If the entry is selected wisely, the trade will be much more time (if not all the time) in positive territory than negative and therefore the exit is also easier.
The main point being: Your entry also defines how you should exit. Therefore exit is...Ignored
DislikedI think this thread should at least focus on the lessons of exiting. This is THE MOST important part of trading. But..we instead focus on philosophical bullshitIgnored
DislikedI personally haven't had an entry strategy for a flat position in quite some time.
tfflyer may feel differently "As soon as i feel exciting" he will do it.
JohnnyIgnored
DislikedI'm not goint to go deep into this subject but entry is the point where the trader decides to take the risk and risk her money. If the entry is selected badly the trader is risking her money for nothing, ie. random movement or worse. If the entry is selected wisely, the trade will be much more time (if not all the time) in positive territory than negative and therefore the exit is also easier.
The main point being: Your entry also defines how you should exit. Therefore exit is not even nearly as important as entry.....Ignored
DislikedNo.
Price hovers the majority of the time in drawdown, then dips once and speedily into price. The trade is still wise, [..]Ignored
QuoteDislikedthanks
DislikedGlad to know an experienced trader like you agree with me.
I tell each and every trader try to study functioning of brain to understand how you learned language, communication, professional skills, driving etc !
With one year of structured specialist training, neurons and synapses inside the brain will create trading pathways and one can start to make successful trades.
It is an irony that 95% of traders who fail do not actually learn and memorize trading patterns just like we learn and memorize (application and understanding) our subjects...Ignored
DislikedThe main point being: Your entry also defines how you should exit. Therefore exit is not even nearly as important as entry.Ignored
DislikedLets assume you have a simple system. You enter at random, and exit at random some time later.
Now we develop 2 variations.
In variation 1, you are allowed to modify the entry, but the exit is still random.
In variation 2, the entry is still random, but you are allowed to modify the exit.
Given those 2, options, which will provide the greatest opportunity to improve the systems expectancy. (If you dont like the word random, substitute it for your favourite indicator or price pattern)Ignored
Dislikedin twenty or thirty years you can call me an experienced trader. i am and probably will forever be a student of the markets, about human behaviour. humanity itself is constantly evolving, there will be unforeseen events, new technologies, change in politics, i can see no end to it.
once you arrived at a new level it is too comfortable to lay back and forget the attitude that brought you to this state in the first place. the curiosity, the will to understand, to learn.
what you've described is the cultivation of learning through discipline and conditioning...Ignored
DislikedIn the example above are assuming that at some point price does go speedily into positive territory. If you know this happens then you definitely have not selected a random point, you have selected a point where this happens more than not.
The exit is then selected according to the entry (or vice versa but you still have rules to your entry and therefore it is not random at all) exactly as I said before.Ignored
DislikedThe main point being: Your entry also defines how you should exit. Therefore exit is not even nearly as important as entry.Ignored
Dislikedindividuals are painfully unpredictable, but people are easily predictable...something like that right?Ignored
QuoteDislikedin twenty or thirty years you can call me an experienced trader. i am and probably will forever be a student of the markets, about human behaviour. humanity itself is constantly evolving, there will be unforeseen events, new technologies, change in politics, i can see no end to it.
once you arrived at a new level it is too comfortable to lay back and forget the attitude that brought you to this state in the first place. the curiosity, the will to understand, to learn.
what you've described is the cultivation of learning through discipline and...
DislikedLets assume you have a simple system. You enter at random, and exit at random some time later.
Now we develop 2 variations.
In variation 1, you are allowed to modify the entry, but the exit is still random.
In variation 2, the entry is still random, but you are allowed to modify the exit.
Given those 2, options, which will provide the greatest opportunity to improve the systems expectancy. (If you dont like the word random, substitute it for your favourite indicator or price pattern)Ignored
Dislikedyup! but i find that i can predict the 'strike' price much better. So my entries are pretty much random. But once i'm well into profit, i can see zones where price will gravitate towards. It's like reverse trading.Ignored