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wrbtrader

Members
  • Content Count

    314
  • Joined

  • Last visited

Personal Information

  • First Name
    M.A.
  • Last Name
    User
  • City
    Province du Quebec
  • Country
    Canada
  • Gender
    Male
  • Occupation
    Fulltime Futures Trader
  • Biography
    Occupation: I'm a full-time day trader that trades for a living (profitably) via WRB Analysis.

    Academic Background: Microbiology, Immunology and a med-school drop-out in the 90's to become a full-time trader...have never regretted my decision.
  • Interests
    Darkroom Photography

Trading Information

  • Vendor
    Publisher
  • Favorite Markets
    Futures, Exchange Traded Funds and some Forex
  • Trading Years
    +20 years
  • Trading Platform
    TT Platform

Recent Profile Visitors

2449 profile views
  1. https://www.google.ca/#q=How+to+draw+trendlines Next, to get specific help...you need to post lots of charts here of whatever price action you're learning/trading with trendlines that represent what you learned from the above link. You can then ask further questions about what you've learn after you've posted charts of the price action you've been learning/trading. Hopefully, someone can then respond and answer your question after you've done some self study from your Google research.
  2. In trading terms, you can't back test for psychological problems that impacts trading results. Yet, you can keep a daily log and maintain statistics of those things you've mentioned. Also, I would assume that if someone gets professional help via a "psychologist" to improve their ability to manage stressful situations in life...it should be able to be transferable into trading or into any other job. By the way, there are psychologist out there that specifically help those that work in the financial markets. Think about this very carefully, more people today in life (I'm not talking about trading) are under extreme stress in their personal life, relationships, jobs, school and such. Worst, more folks today are not able to properly manage such psychologically. In fact, more jobs today than ever will pay for psychologist, pay leave of absence due to burn-out and some even have a staff psychologist on site at the work place. Further, more jobs today are using employment psychological testing to determine if someone is suitable for the job. I can't remember the occupational agency but its estimated that companies that use psychological testing save millions in comparison to those that don't. How many traders keep daily statistics of their psychological performance while trading ? Its a lot less (I'm guessing < 1%) than those that keep daily statistics of their wins/losses.
  3. Profitable trading is not all about trade signals. Unfortunately, too many traders misuse back testing beyond what its primary purpose...to only help design a trade method. Simply, traders forget that a trade method is just one chapter in the book called "trading plan". That's why its so common to see so many trade journals by traders that say they are confused or lost for words because they had positive trade results in back testing but can not understand why they are losing money in real money trading. Why ? Traders can not incorporate things like discipline problems, changes in trading schedule, unexpected changes in market conditions and other things into back testing. In fact, a trader can only discover "some" trading problems when one moves into simulation trading. It's those "some" trading problems that will prompt naive traders into returning back to the back testing phase to tweak (fix) their trade method when the problem has nothing to do with their trade method that originally had positive trading results. The problem is the trader in situations as described above and that's why trade methods is just one chapter in the book called trading plan. Therefore, back testing is useful for the sole purpose designing a trade method and shouldn't be used to compensate beyond that because everything else (e.g. discipline) involved in profitable trading can not be incorporated into back testing.
  4. More trader forums 100% dedicated to forex have sprung up in the past 5 years. Also, forex is heavily discussed on other social media (e.g. twitter, stocktwits). In fact, a few of the forex traders I knew here at Traderslaboratory that are no longer active members here, they're very active on twitter and stocktwits. Simply, I'm sure most folks have navigated to other social media sources that's more dedicated to forex in comparison to traditional forums that tries to cover all markets at one location (stocks, forex, futures, options).
  5. First of all, the markets will be here tomorrow, next week, next month and next year. Simply, do not rush into any decisions just because the markets open soon and you're confused about what to do. In fact, the best decision you will make is to "stay on the sidelines" and do nothing when you don't know what to do. You give no indication about what you're interested in and that may because you really don't know anything. Therefore, maybe you should just talk about the markets you're interested in trading or investing and maybe someone will post some links to something that may be useful for whatever it is you're interested in doing. For example, if you're looking for investment advice or long term trading advice... Barron's Top Financial Advisors - 2012 Ranking of Best Financial Advisors - Barrons.com Another example, if you're looking for trading advice... Collective2 - Find the best trading strategy There are many other sources like the above if you know how to use Google and the above are just quick suggestions off the top of my head. Thus, I don't know if they are the best sources for looking for sources where someone tells you when to specifically buy and sell something.
  6. I'm primarily a full-time futures day trader that works from 9am to 5pm est. I do not stare at the charts all day because charts are just part of my trading plan. I spend a lot of time reading, listening to key market events from around the world via the help of social media to get my "market context" so that I can better understand the price action on my charts. In my typical 8 hour work day, I'm probably trading (entering/exiting trades) about 1 1/2 hours per trading day, 1 hour analyzing charts while not in a trade, 3 1/2 hours gathering market context and about 2 hours doing personal stuff not related to trading (e.g. exercise, eating lunch, resting). Don't misunderstand the above, that's me today. In comparison, 20 years ago, I didn't care about market context although I was aware that it was a big deal for a relative that was a floor trader at that time. Also, I didn't take time-outs from trading, had very little social life and devoted myself to studying charts as a newbie trader. Then again, when you're young...it didn't seem like a big deal to be staring at charts all day looking for trades or investments with a tunnel vision. For me, social media makes trading a lot easier and its basically free.
  7. Trading since early 80's mainly futures. Full-time since late 80's. Yet, didn't really consider it a job until early 90's after some problems with the IRS.
  8. Forex book authors or forex mentors are not "active traders" via the exact same reason that most traders are not active traders. Simply, most traders "inactivity" has nothing to do if they write books or not (seriously). I remember a long time ago that most book writers were managers at some firm, market analysts on TV, university professor or someone that worked on wall street. Yet, somewhere along the time line during the late 90s (dot com explosion), anybody (secondary professionals) that had a trading account started writing online articles, writing educational forum message posts and then that slowly progressed into some of these secondary professionals getting into the book writing or mentoring. Therefore, the real question is this... Would you trust the advice of anyone beyond you're own advice to yourself about trading ? If your answer is that you wouldn't trust anyone else, I hope you're a profitable trader (seriously). By the way, here's an example of someone that meets your "trading inactivity". I just finish reading a book titled "Lending Stability to Europe's Emerging Market Economies" bu Dr. Holger Schmieding. He's well known in the Forex arena and he analysis are mostly good. Would I trust his trading advice even though he doesn't trade anymore and primarily now only does economic analysis and write books.? Answer: I don't know. http://en.wikipedia.org/wiki/Holger_Schmieding Note: He's now the Chief Economist for Berenberg Bank in Italy
  9. I haven't seen a message post in this thread where someone suggested TL business not allow members to discuss anything or not allow members to question vendors unless it has been deleted before I was able to read it. In contrast, I've seen posts against vendors being able to discuss, market, advertise, mention (e.g. my clients) or defend their services without paying a fee.
  10. Considering that this discussion forum called TradersLaboratory is a business... No transparency is lost by telling vendors that if/when they discuss their services they must only do such in the designated "commercial section" and those that want to question the vendors must also do such in the "commercial section". Vendors that pay a fee are allowed to discuss, market their services outside the "commercial section" and anyone that wants to question those vendors that are paying to advertise here...they are still able to do such. Simply, everybody are still able to discuss but those that advertise on the backs of TL members must pay a fee for their discussions. Thus, if someone wants to criticize or question a vendor outside the "commercial section" and then a vendor replies or defends his/her service...the vendor must pay a fee to do such or learn how to ignore especially when the conversation is a personal attack. Most of these "heated" discussions occurs when the vendor doesn't have the ability to ignore and intentionally chooses to argue along with slinging their own mud via the facade of defending themselves. This isn't rocket science...its an easy fix and a win situation for TL management because this is a business to them and I'm assuming they do want advertising dollars from those that want to market themselves here at Traderslaboratory on the backs of its members.
  11. Is there a reason why you've only listed about 10% of the most commonly used Japanese Candlestick patterns ?
  12. Easy fix... 1) Close the thread (do not delete so that others will better understand the history). 2) Give all those involved a warning via private message that if such continues in future threads...they will see their accounts temporarily disable for a month. 3) After the accounts have been enable and if they continue with the eyesore debates...ban them permanently. This sends a loud an clear message to others that behave the same. 4) TL should create a "commercial section" similar to other trader forums. Designated vendors are only allowed to post in the commercial section if/when mentioning any aspects of their services. 5) Any designated vendor at TL that discusses their services outside of the "commercial section"...they should pay a advertising fee if services are discussed in the public area even when solicited by another member. Simply, any solicitation by another member must be replied to via private message only by the vendor. 6) Refusal to pay the advertising fee after discussing/marketing their services outside the designated "commercial section"...permanent ban. End of Story.
  13. Hi, I'm not sure why you would have difficulty in moderating "long time TL members". If someone steps out of line and breaks some sort'uv rule, they should be warn or moderated regardless to their join date. Anyways, I took a read of the first 6 pages and I gather the following facts: 1) Predictor makes "after the fact" vague commentaries about his actual trades but he does make real-time bias price action direction analysis. 2) Very little mentioning of his software or services. 3) steve46 shows up on Dec 6th 2012 and makes the following commentary...Reading these posts one can't help but develop an appreciation for the British term "Muppet". 4) Predictor responds with his own personal attack on the same date. In my opinion, he obvious didn't like steve46 showing up in his thread and that is where his first complaint should have been sent to you. Did Predictor complained to you at that time at that time or soon after ??? Had he done so and had you closely monitor the thread at that time, I'm convinced the thread would not have become an eyesore that it is today. 5) Predictor makes his first reference to the term "trolls" on Dec 7th 2012 without mentioning any specific names but its obvious aimed at steve46. Yet, thread is basically a conversation between Predictor and rtg. 6) Tams shows up on Dec 11th 2012 and drops in the LOL! commentary in reference to Predictor commentary about trading trend/momentum/counter trend. Predictor then responds to Tams via saying "I have tams on perma ignore". If that's true, why did he respond to Tams commentary 7) steve46 returns on Dec 12th 2012 and is still critical of Predictor price action analysis along with steve46 mentioning his own trade method. Later he then saids "now back to the Predictor's comedy act. 8) Predictor responds later and makes the "I have steve46 on perma ignore". If that's true, why has he been responding to steve46 commentaries after that point. After the above, thread goes down hill fast without any moderator intervention. I suspect Predictor didn't want to use the complaint button which is why TL management didn't realize there was a problem until it was too late. By page 16th, its basically steve46 and Tams showing up with debates, arguments towards Predictor (there's obvious some history here in prior threads that too went unmoderated). The question is were they trolling and did Predictor complained to TL management at this time. If he did not complained at that time by page 16th...he allowed the thread to become what it is today...an eyesore. Judgment - Everybody is guilty and they should all be moderated even though I'm not exactly sure what "moderated" means to TL management. ::missy:
  14. Top traders don't worry about if they are the best traders and they do not worry about the profit levels of other traders. Also, top traders are not perfect traders. With that said, as someone noted, you can join a trading competition but the results will not tell you if you're the top trader or perfect trader because every trader in the world do not enter the same trading competition...most top traders do not enter competitions. Yet, some competitions (e.g. dukascopy) can get you a job interview at a big trading firm if you consistently perform well in the competitions.
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