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kenpo
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Posts posted by kenpo
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I use the ADD and VOLD along with SPX to see the true direction of the markets breath. This helps me to be on the right side of the trade, and more importantly it tells me when to stay out and stand on the sideline and wait for clear setup without getting chopped up like ground beef.
Hope this helps.
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Demoniod.com is the best out there no x-rated stuff allowed, however if you are looking for x-rated stuff then torrentspy would be your best bet.
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I wish someone could write indicators for esignal that are for tradestation,
Like the scapler buy and sell, custom brick and squeeze, these would really be much appreciated for the esignal folks on this site...
Market Profile Trading Room?
in Market Profile
Posted · Edited by kenpo
1. The Profile Trader (Reza) guy only Sim trade. He's not a real trader, putting real money on the line. So don't believe his trading log on his site. Remember one thing about trading and that is, you know what your getting into and if your stupid enough to follow someone blindly without using your own brain you deserve to loss all your money.
Any moron can trade a 1 lot and lose money, but you will never make enough to live on because your commissions will kill you and you will eventually start over trading. Yes on a 1 lot too.
2. JPJ Trading (JP) is the real deal but he looses just like any trader. Again if you follow any trader blindly you are bound to loss it just depends on how much financial, and emotional pain you can tolerate.
Real traders (not Sim traders or Sim trading ) have developed a style that fit their personality so the lost doesn't affect them the same way it will effect you following them.
Another thing is that most successful trader will only have a maximum of 2 - 4 trades for the entire day and if they are profitable will stop trading altogether or when they hit their losing limit (amount) for that day; Again staying with the 2 - 4 trades max for the day.
This keeps them from over-trading and is much easier to handle mentally, emotionally, and financially.
If you a new trader to this game stick to this plan forever and you will eventually learn how to trade with discipline.
Hope this helps some of you out there looking for a room