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phantom

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Everything posted by phantom

  1. phantom
    You are missing the point entirely. I, for one, get just as excited making $600 in a day as I do making $6000. Any profitable day is a great day, since we cannot control the extent to which a move will make. Its the losing days which I abhor...
  2. phantom
    Okay, hotshot. Let me know how it makes you feel when you have your first $6000 day...
  3. phantom
    "The breakout has to be a momentum bar stabbing right through it plus a 2-3 candle pullback and take it wait for the close also to be extra safe never enter on the first breakout." Say what?
  4. phantom
    PM means "private message" and is found in your control panel.
  5. phantom
    Just because one is a "retail" trader doesn't necessarily make one an "amateur." I will assume that by your statement you worked (at some point) for a firm trading other people's money? Are you trying to say that this makes you a pro? Hardly.
  6. phantom
    Nison is hardly the "godfather of candlesticks" The Japanese traders used stix long before Nison was a gleem in his mother's eye. I, for one, don't use other indicators to confirm price rejection following a channel breakout. It's all in the stix.
  7. phantom
    Dude, You've GOT to be kidding??? TA has no value? You've been trading professionally HOW LONG??? Just because you don't know how to trade technically doesn't mean it can't be done. Just like the fact that just because you cannot perform brain surgery doesn't mean it can't be done. Just WHO proved that TA holds no significant value??? It sure as heck wasn't you. So stop spreading BS on this website until you KNOW WHAT YOU"RE TALKING ABOUT!!! I'll put my TA against you're whatever any day of the week. I'm not managing 1/2 MM dollars because of my good looks.(Although, I'm pretty good looking). Get a life.
  8. phantom
    Who else wants an e-mini system (ES) that easily earns $200 a day on average? (per contract traded) Join the subscriber list and I'll cover this in the very first issue... I'm only giving this away to help... Helping has always been my intent. Now its up to you. Luv, Phantom
  9. phantom
    What an awesome analogy...
  10. phantom
    Also, The Investor's Quotient, by Jake Bernstein. I've got the 2nd edition. Jake's a trader and a professional psychologist, and this book on overcoming psychological issues in trading is phenomenal.
  11. phantom
    Sorry DD for derailing your thread...
  12. phantom
    Hardly MM, I just feel that as long as I'm going to participate in these threads then its my obligation to help separate rumor/myth from fact... Some of us here at TL actually want to help other traders, while others just want to show how smart they think they are... BTW, Steve, I owe nothing in the form of proof to you. If you weren't so insolent, I'd provide the proof. I know that others believe me because of the quality of my work... Phantom
  13. phantom
    Folks, Please do not allow comments like this to dissuade your research and trading activities. I have no idea where this gentleman gets his "experience" from, but it is a fact that I personally have traded (macd) divergence on 45s, 1m, 2m, 3m, 4m, 5m, 10m, 15m, 20m, 45m, 75m, weekly (I think you get the picture) charts very successfully and consistently, no matter what the "regime." Like everything else in life, the skill is in the hands of the operator. Just because some people aren't skilled enough to trade successfully using certain tools doe not mean that others cannot perform well using those same tools. To each his own. If you cannot trade effectively using divergence, get some training or stay away from it. But do not let the unskilled traders in this world help you make your own trading decisions...
  14. phantom
    I forgot to say this before, but due to the nature of my email system, I have to limit my subscriber base to the first 500 respondents. So if you're wanting to learn price action like never before, let me know soon, because I'll only allow the first 500 who PM me to receive the training . Remember, it won't cost you anything to get on board... Luv, Phantom
  15. phantom
    Then you should have called the thread "How to scalp like a pro" instead of "Day trading secrets." I will not post to your thread anymore. Sorry for ruffling your feathers.
  16. phantom
    AgeKay, my thread has everything to do with this discussion. The discussion is all about day trading "secrets," which in my mind translates into "How to improve your trading using things that aren't talked about very much." Just because you've allowed yourself to change that into "How to trade only using the book..." doesn't mean that my thoughts are insignificant to the discussion. We are here to enlighten traders who need help. If that bothers you, I apologize. Luv, Phantom
  17. phantom
    Folks, I am thinking seriously about starting a free newsletter for traders that want to improve their results. The reason I want to go to a newsletter rather than just continue to post here is because I will not have to spend half of my time dealing with people that aren't serious about improving their results... I will base my decision to launch the newsletter on your feedback. Please send me a PM if you are interested in being on the list; don't reply on this thread. This way, we can keep things confidential. You don't need to give me your email address yet, simply tell me you're interested. When the number of traders becomes large enough to make it worth my time, I'll tell you how to participate. Once we go to the newsletter format, I may even produce a few free webinars to help. Luv, Phantom
  18. phantom
    Folks, The object of trading, whether it be day trading or otherwise, is to make as much money as possible in the time one devotes to the business. If you want to make a living at this as a day trader, that means you'll have to earn enough money to cover your losses, your living expenses and your savings/retirement income. The reason that 90-95% of traders fail is because they don't earn more than they lose (obvious, but important). If you're reading this and you are one of the losers in the business, maybe its time to rethink your approach. Why take a momentum-based approach for peanuts (unless you can trade major size) when you can trade consolidation breakouts, intraday, for 100, 200, even 300 ticks at a time? (This is why I trade gold and crude oil; they routinely move like this) Many people on this site will confuse the average trader with so much BS that its no wonder most fail. Simplicity is KING in trading. If you're looking for a simple, yet highly effective approach to trading, read my thread: http://www.traderslaboratory.com/forums/technical-analysis/9764-what-really-works-technical-traders.html and apply the insights I provide their. I have received many emails from traders that have improved their results using the information in that thread. Are you on this site to make more money or not? Luv, Phantom
  19. phantom
    Read my thread and you'll have your answer.
  20. phantom
    Yes, joshdance, that is exactly what I am saying. And if one is only looking at the order book without assistance from price charts, how does one do anything except scalp the market? In other words, how can one ever expect to catch a swing move?
  21. phantom
    Actually, AgeKay, there is a "secret" to effective trading which I go into at great length in my thread. I only call it a secret because very few folks discuss it, which means either few will talk about it or few even know about it. It doesn't require any of the things you seem to think pros use to day trade. In fact, I'm a pro and I don't use any of that stuff... The real secret to trading effectively is the understanding of price rejection and price acceptance. When you've got a handle on these, you've got everything you need to make a living as a day trader. (Actually, you also need to know how to manage a trade as well). Luv, Phantom
  22. phantom
    Hi Curtis, Jesse Livermore once said that it is easier to make a million dollars when you know how to trade than it is to make one hundred dollars when you don't know how to trade... My suggestion to you? Get a 30 day simulation account and trade for a couple of weeks just to see if you can make any headway to profits BEFORE you launch your financial plan or say no to your job offer. Luv, Phantom
  23. phantom
    Did you get the rattail from my thread???
  24. phantom
    Did you get the rattail from my thread???
  25. phantom
    Well said. This, my friends, is the only "holy grail" there is in trading. Luv, Phantom
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