Recent content by tunnel1x1

Spanish 89 - Your question is honest, but the very question itself reveals your naivete. Of course individuals can make a career trading and become very successful at it. People have been doing so since markets began. The problem is that the markets do not tolerate mediocrity, inexperience...

Jackgwen - would you mind elaborating on the value you found in spending 100s of hours studying candlestick charts. The 9/30 system does not appear to require any knowledge of candlesticks. How did your study of candlesticks make that system more profitable? I am also studying candlesticks in...

Has anyone purchased this system by Paul Lemal? I believe its goal is to find short term large upthrusts in stocks. If you have, do you find it worthwhile?

To place the discussion in context, when you are referring to trading by "price action", do you mean that you trade price/volume pattern setups - eg, triangles, pennants, flags, breakouts, hooks, etc. or do you mean something different than that. In other words, does your trading by price...

$30 Million. Dan Zanger made $40 million in 18 months trading from home, so that translates roughly to $30 million annually. Does that help?

JillyB, Would it make sense and comply with Darvas to place your stop just below the top of the box, rather than the opposite side, on the theory that a bona fide breakout should not come back inside the box? If price comes back inside the box after a breakout, can you still say at that point...

Given that the Davas method was designed around stock trading, do you expect it to work on non-stocks?

The motion has been made and seconded. Call for the vote. All those in favor say Aye. Aye.

Thanks for stepping in. I was finding the discussion from Socrates interesting and of value. It brings a different point of view which is what I was interested in. Hopefully it will continue without malicious disruption.

Socrates, Thank you for taking the time to reply. Your response was comprehensive and valuable, and it did answer my questions. At one time in my trading, I did experience what you reference by entering at just the right time and the right price. The market would invariably proceed in my...

Socrates, Thanks for sharing your insight. This is an extremely important topic and one that I wish there was some consistency on. All the experts say to keep your losses small. However, no one really defines what "small" is. Is it just a percentage of your account, such as 1%? If so, then...

Yes, I agree that discretionary has elements of mechanical in them. That's why I refer to it as a methodology. The trade will not be taken except when this particular set up is in place and then there is an entry trigger. It's not mechanical in the sense that the set up cannot necessarily be...

I've never paid for a system. However, if you're aware of a system that one can buy that is consistently profitable, I would certainly explore it. That's contrary to my makeup, however, which has been to make a go of it on my own rather than have someone hand it to me.

Point taken. I could stand to be more rigorous in my approach.

Bramble, I'll give you a concrete example. A couple years ago, I was trading a discretionary methodology. Initially, I was consistently losing with it. However, I stayed with it, turned the corner, and in a period of 4 months, increased my account by 100%. Shortly thereafter, trading the...