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A Successful Trader


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#51 NAV

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Posted 03 October 2011 - 01:54 AM

preset profit targets (which entails missing the rest of the swing)


Assuming the trader did not re-load on the next buy signal after taking the profit.


That's correct. And sometimes market may not provide the right setup for reentry in cases of gap-up/gap-down and run.

"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

“I am so bullish. I have to sit down and calm down” - Ralph Acampora laugh.png 

 


#52 iloli way

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Posted 03 October 2011 - 01:55 AM

Frankly, I think "trading for a living' sets you off on the wrong road. "Trading to make a fortune" seems to me to be the right tack.

Just an opinion. Maybe it's just my age.


IT, I agree with you here totally.

Maybe it's just my age too. I never had to do 'trading for a living', when I retired from the 'job for living' and just do 'trading for fortune', that has all been what's there's to it. Now in addition, is 'trading for lust- the love of beating odds', as many days I prefer a year.

Talking about :
"Life, Liberty and the pursuit of Happiness", one of the most famous phrases in the United States Declaration of Independence and considered by some as part of one of the most well crafted, influential sentences in the history of the English language.
PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#53 TechMan

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Posted 03 October 2011 - 03:46 AM

preset profit targets (which entails missing the rest of the swing)


Assuming the trader did not re-load on the next buy signal after taking the profit.


That's correct. And sometimes market may not provide the right setup for reentry in cases of gap-up/gap-down and run.


Sometimes something always happens, but a "gap-up/gap-down and run" has nothing to do with not providing the "right" setup for re-entry.

#54 NAV

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Posted 03 October 2011 - 03:59 AM

preset profit targets (which entails missing the rest of the swing)


Assuming the trader did not re-load on the next buy signal after taking the profit.


That's correct. And sometimes market may not provide the right setup for reentry in cases of gap-up/gap-down and run.


Sometimes something always happens, but a "gap-up/gap-down and run" has nothing to do with not providing the "right" setup for re-entry.


No comments.

"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

“I am so bullish. I have to sit down and calm down” - Ralph Acampora laugh.png