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| Swing Trading Discussion forum for swing trading strategies, ideas, and insights. |
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Thanks for the info man.
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Re: My Trade Ideas....
I'm glad that you didn't get the hook line and sinker like I did Tin. That was a few years ago, but it's still a hard lesson learned. And I posted that more for some of our new traders more so than you and Reav.
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Re: My Trade Ideas....
I reckon the best education i'll find is the one the market teaches me. I've always been wary of snake oil salesmen. Thanks for sharing that experience brown
It's people like you who contribute honestly to these type of boards who provide the best possible type of educational guidance to traders.
__________________
Nick Constantin Always look on the bright side of life...da da da da da da da da da - Monty Python |
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Re: My Trade Ideas....
No prob Nick, glad to share and hopefully save someone the frustration and money.
I told Price in my last email to him that whenever possible I was going to tell as many people as I could that his services were terrible and should be avoided. I wasn't lying. I've posted on elitetrader whenever I see his name and now here. I haven't brought it up myself, but I will not hesitate to share my experience when I see his name mentioned at all. And before anyone thinks I am simply a vendor basher, please keep in mind that I did in fact purchase services from Price and can provide an informed opinion. I thought Price was a nice enough guy to at least follow through on his promises to me, but I was terribly wrong. He knows how to sell and preys on that. In my time with his services (1 year) I never saw anything even remotely profitable over time. Yes, there were some winners here and there, but nothing compensated for the many, many losses. And I was using 5 or so of his services as a gold or platinum member. This was not just one service that hit a losing streak. At the time, this was his best 5 services they had... If that was the best, I could only imagine what the worse ones were doing... ![]() I revisit his site now and again and he's got a good system in place - when a system dies, just get rid of it and find a new one. The smoke and mirrors being done here is just amazing b/c he remains in business somehow. It's a shame that people like this are even allowed to operate a business, but to each his own. I learned my lesson and as I said, I hope my posts serve as a reminder to others that the grail is not out there and if it was, you cannot purchase it. |
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Re: My Trade Ideas....
I was lucky to find a solid method and ideology early in the game...I am still as always messing around with and attempting to build on my knowledge...but I always have the old standby method that works fine. If I never was able to make any improvements to my current method, that would be fine with me...but in the meantime...I am always going to be looking for improvement. *PS...I have never had any big disasters with vendors and books...but I have a bunch of small losses here and there that add up to a relatively large amount of money. ha ha But it was worth it, as I know what I know now. |
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Re: My Trade Ideas....
![]() ![]() I'm pretty sure I asked for a hammer at the new support level and bam, there you go. Candlestick analysis is about as solid as it comes on dailys, I am convinced of it more and more each day. This is just too easy sometimes. I know, it doesn't always work and how can you possibly play every stock out there, but this was right on with TSO. I just said let's see a pullback to test the new support level (old resistance that was SOLID). This resistance finally broke and then price retested the area and was respected. And then when you get a nice gap up like this... That's just gravy. Tin, you play anything here? I hope someone made some money on this. ![]() |
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Re: My Trade Ideas....
Because I am so awesome, I forgot to watch this one.
So, kicking myself I surely am...as this was a sweet play. Im still trying to get used to watching more than 1 chart, so with time I'll get used to it. But yea, this was as sweet a play as it comes. Should be going higher from here. |
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| Posted By | For | Type | Date | |
| Traders Laboratory - forumdisplay | This thread | Refback | 10-11-2007 12:41 PM | |
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