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- Oldtraderman replied Mar 26, 2024
Hi all, This post I want to continue this brief look at the essence of trading started in post #99 by talking about discipline. Trading is a marginal game and edges are small. So to come out on top you really do need to be very disciplined in your ...
- Oldtraderman replied Mar 23, 2024
Hi lillian12, Absolutely! It is all about finding what suits you and then being able to stick with it through thick and thin. Notice that this is rather more about you than the markets. People generally get it the other way round: they try to figure ...
- Oldtraderman replied Feb 27, 2024
Hi all, Just finished a typical couple of mornings of trading and wanted to demonstrate the reality of the trading experience, that it requires grinding your profit out most of the time across a sequence of individually unpredictable trades. Four ...
- Oldtraderman replied Feb 19, 2024
Hi all, Following on from my last post #102, here I want to talk about the idea of having an edge in your trading method. Markets are inherently unpredictable and incorporate a high degree of randomness. This means any strategy is at best likely ...
- Oldtraderman replied Feb 13, 2024
Hi all again, Here is a later trade taken in the same market following the same principles but applied more to a range than a trend: image We see the market get into a ranging pattern in the 20-40 area and I take a long at 27 after a quick dip out ...
- Oldtraderman replied Feb 13, 2024
Hi zkchyo, The directional bias is simply the observed downtrend from the open, the principle being of wanting to go with the flow. FYI, my next post is a further trade I took later this morning with a slightly different source of directional bias
- Oldtraderman replied Feb 13, 2024
Hi all, It's All In Your Head Having considered the marginality of trading in my last post #99, as promised then I will this time take a look at the notion that trading is largely a mental game. Trading presents a rather interesting set of ...
- Oldtraderman replied Feb 13, 2024
Hi all, Trading Does Not Have To Be Complicated Been trading this morning following a very simple pattern tactic: image We see the market open 8am around 16990, immediately tests the big figure 17000 before slipping into an obvious downtrend. We ...
- Oldtraderman replied Feb 3, 2024
Hi all, The Marginality of Trading After our modest digressions of the last few posts, a return now to thinking about trading. I have this morning been reviewing my January trading. I was somewhat less focused on my trading last month as I have been ...
- Oldtraderman replied Feb 3, 2024
Hi Shabs19, Thank you for your further explanation but I would have some reservations with the argument as presented, it is not completely faithful to the BoE article quoted and it does not to me completely follow logically in accepted standard ...
- Oldtraderman replied Feb 1, 2024
Hi Shabs19, Thank you also for your comments. Sticking to economics, the first part is obviously true, the second part will need to be explained to me. How exactly does government intervention automatically mean inflation? And what is the mechanism ...
- Oldtraderman replied Feb 1, 2024
Hi turnip15, Trust you are keeping well, many thanks for posting the video. I have watched it through twice and I have not heard the guy actually explain how inflation was caused by his believed wealth transfer from the ordinary taxpayer to the rich ...
- Oldtraderman replied Dec 5, 2023
Hi all, Long time, no posts, but I have been trading steadily if at a slightly slower pace than previously now that I am playing for pleasure rather than for a living. Anyhow, as today will be my last day of activity this year, thought I'd share ...
- Oldtraderman replied May 17, 2023
Hi ikdenk, Many thanks for your comments. With respect to scratch trades, I perhaps should clarify that I classify a trade as a scratch when it is closed with a profit or loss of zero to a few ticks either way, i.e. not a meaningful contribution or ...
- Oldtraderman replied May 12, 2023
The (un)Importance of Trade Win Rate Hi all, Been a while since I last posted as I transitioned to a more retired trading-for-pleasure status rather than to generate a living. All the same, I have been trading consistently and have just been ...
- Oldtraderman replied Sep 13, 2022
Hi sabbb, Your question is rather outside the main scope of this thread and for reasons of focus I don't really want to digress into the technicalities of futures pricing here. You'd do better taking that question to a more specialised thread on the ...
- Oldtraderman replied Aug 24, 2022
Hi diamond1011, Apologies for the delay in replying, have been busy elsewhere of late. The short answer to your question is that I think past results are a pretty reasonable guide to future results. For instance, the football team that won their ...
- Oldtraderman replied Mar 30, 2022
Hi all, Another patch of opening trading worthy of comment today, this time to show the value of stops, plus an additional bonus of how adapting to the conditions a little does help: image Market opens at 8am around 14,750 and immediately drops to ...
- Oldtraderman replied Mar 29, 2022
Hi all, Wasn't planning on posting but a trade this morning that echoed my previous trade posts #478, #481 and #482 so much I feel duty bound to comment: image Market opens at 8am around 14,600 and after a few opening gyrations sharply runs up to ...
- Oldtraderman replied Mar 24, 2022
Hi diamond1011, My short answer is that, if anything, I feel it might increase the pattern repetition and herd mentality seen as the algorithms have to follow their programming which, by definition, is going to be repetitive. They will act in ...