i read your posts. i read Volpri posts. i do not want to know how emotional, i am what an idiot i am and some crap about trading plans when Brooks tells you exactly what you should do. BACK TEST BREAKOUTS AND PULL BACKS? ? who is the joker here. yes my problem is i do not listen to Brooks. brooks himself says it is not easy to trade in real time
breakouts above bar, trend lines trading ranges pull backs entry bar. that is my plan. Do i need to back test this? it is back tested for a century and my edge. i need to focus only on this. not easy to do in real time.
why? i trade even counter trend moves this is of course the problem with Brooks. he says anything can be traded. He also says if you are a trader. it is your job to trade in any and every market condition. this is dangerous for anyone but the perfect trader
i have a major problem entering trends. i think i am buying high/selling low even though i am buying at the ema. because the ema is sloping up/down it looks that way. i look at bars and do not like indicators. Brooks says ema are useful and i am beginning to know why he thinks that. i think that is why Brooks says ema is useful
There's one big problem! The more you educate others, the smarter they get. The smarter your competitors, the more difficult trading becomes for yourself. But there's a solution. Keep talking bullshit and your competitor thinks they are getting smarter, while growing dumber by the day.
Georgii contributed lots of gems, tips, and insights on what it takes to become a consistently profitable trader. I can guarantee one thing: There is no point in learning how to make more money by chart reading if you don’t know how to preserve or manage the money you already have. (To manage money, you need to manage yourself) This thread reminds me of "There’s a Hole in the Bucket."