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julesrulesny

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Joined: 8/15/2007
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Subject : RE: IM RICH!!! OR AM I?
Posted : 11/26/2012 12:18 PM
Post #27470 - In reply to #27465

For someone who chooses not to read books b/c you find it difficult to learn, you need to find other ways to help yourself then! Simple as that.. These forums are not here to "help you as a trader". They are here to help you learn or use OT properly.

You said - "I learn practically by doing". Ok, this is a reasonable solution to you not studying or reading books on learning how to trade. Basically, you are taking the most difficult approach. which is fine b/c in the long run it may make you a better trader. You will then have to do, what the previous "traders" and "authors" have done over the past 100 years.. that is to practice, test and find your own results by doing. see, a book or a seminar has already doen all this work for you. But being you want to learn practically by doing - this is on you to do then.. You should study the market movements, how they behave.. You can atleast read Ed Downs' book on the 7 Most Widley used Chart Patterns.. then practice entries and exits.. study the size of the candles and volume during different market movements, etc.

Learning practically is a bold move. And a gutsy one too. I give you alot of credit. As I took the easy way out by reading a bunch of books. But, I know you can do it. The ONLY other way you'll gain this confidence is by then paying a "trading coach" to help you.. Or by spending thousands of dollars on some seminars.

From what I see - you are using a perfectly, acceptable and reasoanble approach!!

Whoever told you to read those books, was right to a certain extent - perhaps he doesn't understand your personality as a trader. But, that's only on you to decide this. As it seems you are currently at some threshold where your very own perception of your system is negative. you do not feel your system is good enough, so you seek the advice of others. You are at a point where its do or die. Until you learn Chart Patterns, Trade Management, Volume, Candles, etc - this endless quest for the perfect strategy or confirmation indicator will be meaningless..

The only way for someone to "advise" you on this system you mentioned in your post - is to test it themselves!!! most other OT users in these forums do not have the time to take your system, your strategies, run a ToDo list.. then apply your indicators to see if they "Work" or "Not".

Again, what you are seeking does not exist. No one can tell you which indicators to use. I have seen you post this very question numerous times now in the forums - Its time you work on yourself instead. Trading is all about emotions, determination, confidence and perception. You have the will, you have the intelligence.. But your too afriad to use what you have created. Based on your results that you attached - there is literally NOTHING wrong with it.. it's impossible to say otherwise..

Deleting message 27470 : RE: IM RICH!!! OR AM I?


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