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It's okay, I got some rest and came back to it and understand now.  They analyse stocks in quite deep detail, I don't do that :P:D

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Short educational video on Trend Trading Tips and Tricks;

 

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Ve are lookink for flegs!  :D

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25 min vid from Axia Futures on trading volatility in the S&P new today;

 

 

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On 30/03/2020 at 12:35, Caseynotes said:

25 min vid from Axia Futures on trading volatility in the S&P new today;

 

 

 

 

Yeah ... he keeps talking about the theory ... do we actually get to watch him do some trades?

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10 minutes ago, dmedin said:

 

 

Yeah ... he keeps talking about the theory ... do we actually get to watch him do some trades?

it's a big mistake to keep wanting someone to show you how to trade, there is no 'one size fits all', there are as many different way to trade as there are traders. everyone know something, no one knows everything. you need to learn as much as possible and develop a method that suits you, your preferences and your limitations.

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Posted (edited)
2 minutes ago, Caseynotes said:

it's a big mistake to keep wanting someone to show you how to trade, there is no 'one size fits all', there are as many different way to trade as there are traders. everyone know something, no one knows everything. you need to learn as much as possible and develop a method that suits you, your preferences and your limitations.

I agree with that he said about taking lots of little profits going in and out, while retaining the possibility ot sustaining a big loss every time you go back in.  And that's exactly what happened to me.  (I lost all my profits)

So my take away once again is to hold on to a winning position and ride it out.

 

At a certain point one gets tired of hearing 'how to trade' and wants to see someone put it into action, it might not be the way you'd want to do it yourself but it can stimulate you to come up with new ideas.

Edited by dmedin

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7 minutes ago, dmedin said:

I agree with that he said about taking lots of little profits going in and out, while retaining the possibility ot sustaining a big loss every time you go back in.  And that's exactly what happened to me.  (I lost all my profits)

So my take away once again is to hold on to a winning position and ride it out.

 

At a certain point one gets tired of hearing 'how to trade' and wants to see someone put it into action, it might not be the way you'd want to do it yourself but it can stimulate you to come up with new ideas.

what happens to you is you over trade, jumping in repeatedly when price is just bouncing sideways and then holding on forever in the hope of a big winner that keeps turning into a big loser instead.

Instead of doing that look at the video. they are discussing 3 trades. 2 level breaks and 1 reversal. in each case the trigger and the stop loss position are obvious (other side of line or prior high/low). at no point did he say hold the trade open even if it's no longer valid because price has returned back into the range.

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most new traders are not interested in learning about boring topics such as position sizing and risk management, but would rather proceed directly to making money quickly, which is impossible.

Correct ...  hence the fallacy of using short-term charts :D

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Short educational video on trading V reversals from the prop firm Axia Futures published just last week.

 

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Posted (edited)

https://archive.org/details/tradinginzonemas00doug/page/36/mode/1up

^

There you go, Mark Douglas' 'Trading in the Zone'.  I'm skimming through it now - 'All you need is a positive mental attitude!' (Or, you can quit trading and make money selling books to desperate punters.)  Thanks, that's really f*king helpful mate :)

 

Edited by dmedin

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Struggling to get through Douglas' book, even by skimming.  A little bit of common sense sprinkled with huge dollops of absolute tosh.  F*king horrible.  But not as horrible and boring as 'The Intelligent Investor'.  That is some seriously hardcore boring cr@p right there. :D

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New video from Tradeciety on Day Trading Trends;

 

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Interesting short video from the Prop firm Axia Futures using the price ladder and level 2 data to track a large order going through the market.

 

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The 5/20 swing is particularly good, especially when you filter it with something like RSI > or < 50 :D:D:D

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