Because TMS is bullshit. But let's wait for "that was bad TMS angle" or "obviously the market was..." explanations. There are so many "rules" that TMS gurus can apply any to show why your trade was not good.

Trading Made Simple

1. I mean frequency of trades. 2. Why not train on demo? 3. Didn't get how lack of basic math skills can cause psychological pain. If trader can't calculate the risk, don't understand how margin works no matter what to trade first he need to learn ...

The brutal truth of day trading

Example. Today we were trading UC. 2 traders were shorting it 2 times, I had 2 long trades. And we all got profit. The brutal truth of trading is that bulls make money, bears make money and pigs get slaughtered. Anyway I'm sure that trading is like ...

The brutal truth of day trading

No. Check the TDI formula to see how it works. It uses RSI, its moving averages, and volatility bands (based on Bollinger Bands).

Trading Made Simple

Didn't get your math. How can SL 13% and TP 1% be RR 1/7? It is 13/1

The brutal truth of day trading

So your TP is +91%? Why not 92%? Why not 91.5%? Why SL is 13%? Why not 15%? Why RR is 1/7 not 1/8 or 1/78? I know the answer. Because you made a backtest and think that history will repeat itself. Ok, that is nice approach! P.S. Microsoft is on top ...

The brutal truth of day trading

There are some statements that everyone repeat day by day: 1. Always use Stop Loss. 2. Use at least 1:2 Risk Reward ratio. 3. Trade only long term, no day trading. 4. Do not study math, statistics, do not create algos. You brain is best indicator, ...

The brutal truth of day trading

You are wrong. I'm trading with RickM every day @ discord group. I never saw him selling or promoting. We just share approaches and ideas, test the things. And as for me I don't need any proof from him. In 90% cases our entries and exist are the ...

The brutal truth of day trading

I worked in trading firm and I know why day trading is not possible. Because every step must be approved by big boss first. You can't open the trade just because you want. There are a lot of regulations and limits. About all that mentors from ...

The brutal truth of day trading

What a great approach! Especially about real estate. I'm doing about the same. But during these days a lot of people zombified by mass media that real estate has low income, you have to pay a lot of taxes and it is not a good investment ...

The brutal truth of day trading

Never called anyone stupid. I'm stupid that is truth. I just say that I don't believe 400 lot size positions, I do not trust traders who do not trade, but teach. Don't believe that anyone can beat algos and money using rectangles and lines. It is ...

The brutal truth of day trading

But since we are on "trading" forum it is better just to change your reality. Bad trade - jump to good reality. And you can create a screenshot of good trades. And you can say you are trading for 40 years. Or you have 5-6% daily profit. Or price ...

The brutal truth of day trading

There is no problem to trade SR. Or pivots (I fount them just great on higher TF's and can show you if you are interested how to mix signals with Stoch for high accuracy). The problem is that 99.9999% of traders are searching for GREAT entries. But ...

The brutal truth of day trading

Totally agree! Each time you made a decision you are opening the Shroedinger cat box and create +1 more reality. In one you lose in one you win. What reality you want to stay in its your decision. The Universe doesn't care. It is chaos.

The brutal truth of day trading

and 40 years of trading why not 140? Here on FF 140 y.o. successful trader is ok. He is just lucky all the time and random bearded man loves him. Let me guess. You are trading support and resistance, use fibonacci and draw random ...

The brutal truth of day trading

Sure. Tom is looking as his PC to take few great trades as usual. But he is strong. He go and teach. Because he is so cool. More great traders more profit for Tom. Or not? Or... wait...? image bluesteele Joined Aug 2007 14 years of trading and ...

The brutal truth of day trading

Ok, then I can enter not on 3rd candle, but on 2nd. Not at London open, but at NY close. Stoch is just for confirmation, so I'll delete it. TDI cross... whatever. Candle size? I see it is BIG enough. Isn't it VERY good comfortable for "I'LL SHOW YOU ...

Trading Made Simple

Then you are not trading TMS. You are trading everyday different. You think that it is because the market changes, but in fact it is just because there are no system at all. For example I'm trading Enhanced TMS with EA. There are strict rules. They ...

Trading Made Simple

Hi losja! Few thoughts about RSI. RSI is an oscillator and it has a range 0-100. So by its nature it is useless on trends because it can get stuck at 70+ or 30- for a long time. It doesn't matter what data to use for RSI calculations it will not ...

RSI by Highs and Lows

this excludes that If you are using strict rules why not to use EA to place the order? Why not to use EA to manage the position? For trailing stop for example?

Trading Made Simple