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No more BS - What have you learned?

  • #341
  • Sep 15, 2010 7:20am Sep 15, 2010 7:20am
Quoting Turveyd
The best trader,...
If it's that easy why are you still working?
  • #342
  • Sep 15, 2010 7:57am Sep 15, 2010 7:57am
Quoting Turveyd
All of the complicated stuff is predictions, you can't predict the market not at all, KISS and you'll make money, complicate it and your doomed.
+1
  • #343
  • Sep 15, 2010 8:01am Sep 15, 2010 8:01am
Quoting Dopey
I was in Atlanta about 8 years ago....
They didn't want to part with the cash.
  • #344
  • Sep 15, 2010 8:17am Sep 15, 2010 8:17am
Quoting kk007
That would be really really simple, if so, why you can't trust????
cheers,

I need a few MA's but I am trusting more and more.

And why am I still working, well you can't turn £150 into a Million and retire over night so give me time, its my 1st jan 2011 plan to be just full time trader.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #345
  • Sep 15, 2010 8:38am Sep 15, 2010 8:38am
Quoting Turveyd

And why am I still working, well you can't turn £150 into a Million and retire over night so give me time, its my 1st jan 2011 plan to be just full time trader.
No worries, I hope you reach your goal and succeed in it.
  • #346
  • Sep 15, 2010 8:39am Sep 15, 2010 8:39am
Quoting Turveyd

The best trader, is a trader who can look at his/her chart maybe even just the price quote and see, it's going UP, and without fear go Long and hold until it's no longer going up.
I agree with the sentiment but not necessarily the application. It's simple but maybe not that simple, there are things we need to be aware of. You use SMA's, others might use something different, like you say whatever it is it doesn't need to be complicated.

Quoting Turveyd

All of the complicated stuff is predictions, you can't predict the market not at all, KISS and you'll make money, complicate it and your doomed.
We all predict but I think I know what you mean.

Quoting Turveyd

Thats why most of the profitable trades trade naked, they've realised above, dumped all the crap and do just that, do you want to be profitable ?? yes well take a lesson from them. Easy AS!!
Didn't most of us start that way, maybe make a few bucks, and then try to 'improve' our analysis by introducing all that crap, to only months/years later dump it all. Maybe that's the evolution of a trader!
  • #347
  • Sep 15, 2010 8:48am Sep 15, 2010 8:48am
Quoting pipmutt

We all predict but I think I know what you mean.


Didn't most of us start that way, maybe make a few bucks, and then try to 'improve' our analysis by introducing all that crap, to only months/years later dump it all. Maybe that's the evolution of a trader!
I actually don't predict, I jump on a direction using multiple really small time scale directions, fully aware that it may change within a pip, but most of the time it won't turn that quickly, thankfully, it's normally got enough momentum from my setup to get to small profit and if I'm quick I get out just positive or only slightly negative.

I started trading stocks naked, profitably from the get go, then a dumb mate showed me the correct way to trade, he was making big money, actually he was losing BIG money and only told me about the random chance winners he had damage done.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #348
  • Sep 15, 2010 8:49am Sep 15, 2010 8:49am
Quoting >Apocalypto<
No worries, I hope you reach your goal and succeed in it.

Thanks!!

Work and Life get in the way to, time is some what limited to trade, but making some after 8months of no trading, but it was 8months of contemplation
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #349
  • Sep 15, 2010 8:58am Sep 15, 2010 8:58am
Quoting Turveyd

I actually don't predict
I can hear the semanticists coming as we speak, lol

Quoting Turveyd

I started trading stocks naked, profitably from the get go, then a dumb mate showed me the correct way to trade, he was making big money, actually he was losing BIG money and only told me about the random chance winners he had damage done.
Same here pretty much, I made some great trades right at the beginning and then started reading forums and 'helpful' websites, my charts ended up a work of art! It was all downhill from there until I made a fresh start and cleared the lot.

Quoting Turveyd

Work and Life get in the way
lol, too busy working to make any real money, I know how that feels!

Yes, good luck with your plan, Jan 1 isn't far away!
  • #350
  • Sep 15, 2010 10:26am Sep 15, 2010 10:26am
Hi Turveyd,

Sounds like you come from the same planet as CrucialPoint (perhaps you have been aware of him), from what he claimed, he trades M1, like you, and down to tick. He looks at nothing but trend, he can trade without MA, chart or even price history!

He says he has very high IQ, and double his account every single month and guarantee a minimum +10 pip daily income.

He says he has spent 10000Hrs to achieve this level and how about you?

Having said that I cannot verify any of his claims, although this does not mean I don't believe someone on earth can achieve this level of performance.

cheers,


Quoting Turveyd
I need a few MA's but I am trusting more and more.

And why am I still working, well you can't turn £150 into a Million and retire over night so give me time, its my 1st jan 2011 plan to be just full time trader.
  • #351
  • Sep 15, 2010 10:57am Sep 15, 2010 10:57am
Darn just when I thought I was the king of "BS" Turveyd, pipmutt and ha-pattern show up. I'm just going to have to try harder I guess. I noticed they have a lot more posts then I do which translates into a whole lot more practice. Practice makes perfect as they say.

Johnny
  • #352
  • Sep 15, 2010 11:47am Sep 15, 2010 11:47am
Quoting JohnnyBSmart
Darn just when I thought I was the king of "BS" Turveyd, pipmutt and ha-pattern show up. I'm just going to have to try harder I guess. I noticed they have a lot more posts then I do which translates into a whole lot more practice. Practice makes perfect as they say.

Johnny
I did borrow your own words. They struck me as unusually insightful.
The way I see it, a bullshit session is a creative process, and we're all looking for the path to financial independence. So, maybe an idea from it or connected to it will work.

You're probably right, though, time to hit the grindstone again.


To Pipmutt:

Thanks for your response. There are lots of things, I'm sure, that distance an earning and nonearning trader.
  • #353
  • Sep 15, 2010 12:46pm Sep 15, 2010 12:46pm
Quoting JohnnyBSmart
I ended up talking to a high ranking VP at their corporate office and he informed me this is exactly what scammers do and the banking industry is constantly attacked by both foreign and domestic thieves looking to access our computer systems and drain our clients accounts. He finally agreed to let me open an account but did so most reluctantly.

With this level of fear it makes a person wonder how we ever got into the financial meltdown in the first place. It is a strange world out there sometimes.

Johnny
I can't resist, since you mentioned construction... I have to assume you didn't know the secret handshake as I read this.
  • #354
  • Sep 15, 2010 12:59pm Sep 15, 2010 12:59pm
Quoting JohnnyBSmart
Darn just when I thought I was the king of "BS" Turveyd, pipmutt and ha-pattern show up. I'm just going to have to try harder I guess. I noticed they have a lot more posts then I do which translates into a whole lot more practice. Practice makes perfect as they say.

Johnny

You calling me just perfect ?? I'm UBER Perfect I'd like you to remember that next time.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #355
  • Sep 15, 2010 1:02pm Sep 15, 2010 1:02pm
Quoting Turveyd
You calling me just perfect ?? I'm UBER Perfect I'd like you to remember that next time.

yo!! D
howz the trading going buddy?
  • #356
  • Sep 15, 2010 1:08pm Sep 15, 2010 1:08pm
1. Don't move your stops. I don't mean the one that's light years away that you put on to let your trade 'breathe' while you waste your life away waiting for some semblance of profit to appear. I mean the one/ones that is/are protecting your profits. If you think you bought with the big dogs/boys/whatever, then they will protect their stops, if not then they probably aren't as interested in the move as you are.

2. Cutting and running away from losses should be done according to time of day, beginning of session/end of session and with an awareness of likely support/resistance that may help your cause nearby. If you bought and you have to scroll the chart to find the nearest support, not the best situation.

3. If you are winning, BET MORE! some will know where that comes from. But seriously, if money is flooding in your direction, why are you taking profits off the table? At that point it's others money that is really at risk anyway.

4. Don't bite off more than you can chew. Every time I've tried to double my account in a day I have halved it. Every time I have gone with the flow, adding as I went along keeping the overall average green I have been pleasantly surprised.

5. For the love of everything good, don't open freaking trades as a session is heading off to lunch.

6. Get exercise and get rest. Enough hours in front of the screen soaking up emf radiation and chain smoking will add up and your mind will become mush.

7. Your instrument does not trade in a vacuum, no matter what the news says, if all overall markets are bear, it ain't gonna fly much and vice versa, a rising tide raises all ships as they say, and of course vice versa.

I'm sure there's more, but this is what immediately comes to mind, now... more sauce, it was a good day.
  • #357
  • Sep 15, 2010 1:34pm Sep 15, 2010 1:34pm
Quoting SerpentDove
1...
Very nice list!
  • #358
  • Sep 15, 2010 3:43pm Sep 15, 2010 3:43pm
Quoting JohnnyBSmart

Darn just when I thought I was the king of "BS" Turveyd, pipmutt and ha-pattern show up.

Ah don't put yerself down, you're a natural, a true master! I mean how can anyone compete with lines like these classics.......


Quoting JohnnyBSmart
Just because you don't know which end of the gun to point at the perpetrator doesn't mean an AK-47 won't blow his head off.
Quoting JohnnyBSmart
Buying a gun without the bullets won't keep you from being mugged.

  • #359
  • Sep 15, 2010 5:02pm Sep 15, 2010 5:02pm
Quoting Turveyd
You calling me just perfect ?? I'm UBER Perfect I'd like you to remember that next time.
Turveyd,

Oh great BSerrr I'm just a newb compared to your greatness. I will read your post with great suspense and take detailed notes in hopes of attaining your BS status someday. Until then my friend I will keep learning.

Johnny
  • #360
  • Sep 15, 2010 5:12pm Sep 15, 2010 5:12pm
[quote=ha-pattern;4024588] I did borrow your own words. They struck me as unusually insightful.

ha-pattern,

Well yah Dude. I may not be King of BS but my words have great insight. The last two threads I've managed to insight a couple of riots without even trying. I didn't even have an assist from Turveyd the Great. Some people just can't see the humor in my posts. I just don't get it.

Johnny
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