Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
@dave5578 it might help followers of your thread if you posted a little about your setup, etc (or at least what you're looking for from the market). That way it would be easier to identify with your posts...
Before you attempt to beat the odds, make sure you can survive the odds beating you.
Can you help answer these questions from other members on NexusFi?
I thought about it, I decided I need a place to ramble about my moves, and I will let the users decide after a week or so if we want to talk about my system.
The biggest waste of time on trading websites are dudes who are not profitable posting charts in hindsight and that shit. Basically I need to earn the respect of the users before I can even consider explaining why or how I did it.
I appreciate your thoughts, and I enjoy your posts as well
I see your point and agree. However, what I've always looked at is the explanation and understanding of the trades, more than the actual trade call itself. To me, almost anyone can call a trade and have a 50/50 chance of being right. But I've always given far more consideration to the explanation of the trade call and understanding of the market because one can usually detect whether someone has a grasp or is simply getting "lucky." I even wouldn't mind someone being wrong 7 out of 10 times if it seemed like there was good understanding (and maybe it was just a small losing streak). Plus, it's helpful to read others' take on market information...
But hey, it's your thread and I'm just an interested viewer...
Before you attempt to beat the odds, make sure you can survive the odds beating you.
If that is the criteria for assessing good analysis, then forums are all full of very profitable traders like a dime a dozen all killing it.. Although you can learn some things from hind sight analysis, that's not how the money is made..
You really don't know how good a trader you're following really is unless you either see their PNL, DOM or see some live real time calls over a span of time and everything comes out.. There's a good reason vendors typically don't provide real time analysis and there's also a good reason most traders on forums don't provide it.. but money is not made by hind sight analysis.. though many good concepts can be learned from it...
Ideally, you get both, which is what MF is providing in his thread.. and that's why I think its one of, if not the best threat on any public forum and receiving the kind of traffic that it does.. is there any other threads on BM that is receiving more traffic? If not, why not? Why is it that you're sitting in MF's thread and not another thread? Aside from the analytics, its real time...
You learn "concepts" thru hind sight analysis, but you learn "trading" only thru real time.. Its definitely not the same thing and not even close..
I was totally shitting all over MF's thread, it was pretty stupid of me.
So you guys know what you will get here, just read my response to gold. Hopefully, once proven worthy, this blog can be win/win for myself and alot of other readers as well.
That's exactly what I'm trying to say. It's best to see both real time. I'm just implying that it's better to see a trade call WITH an explanation rather than a call with something (implyed or otherwise) like "my gut told me to go long."
Hope that I'm making sense...
Before you attempt to beat the odds, make sure you can survive the odds beating you.
I will also add, I cannot stand journals where dudes are all frontin' by saying.......
1. I need to follow my rules blah blah
2. I did these 10 things wrong today. Dude pick 2 and fix them
3. "my kids, my job". Shit man, your gonna lose soooo much money if you use that one again.
You won't get that here. That makes a BORING AS FUCK NEVER ENDING MENTAL WEAKNESS FOR PROFITS blog.
No hate intentionally directed to those journal guys.
It's just, trading to me is a slap you in the face your fucking up kinda convo, not a, "oh joe, you will do better if you just follow your rules, its ok!" No..... Joe will lose his fucking house as his P/L and trading resembles a journey into gambling
There is no other time in my life where I have had to be this hard on myself, my emotions and physically resisting an urge, than in trading.