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What Chartist failed to understand

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Not applicable
In hindsite, the short was on, but that was never the issue. The issue was whether you are able to recognise a tradable situation that you would take every single time. Chartist was singing his own praise at a price point way higher than the current one. He was boasting his prowess at a level where no trader could make money. In short, he was never able to justify why the trade was on - and what criteria he would use to exit the trade. He only boasted about being in the money - but I mean - any trader will be in the money at some point during a trade.
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22 REPLIES 22
Valued Contributor
and money (profit or loss) is not how we measure a successful trade, that's one of the biggest lessons a trader needs to learn ..
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Not applicable
Quite funny this...so basically you saying he was right all the time...
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Super Contributor
no whats being said is that he is a bad trader!
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Not applicable
How is your trade going Simon? See the BIL warrant at 32c thats a 54% return..
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Not applicable
No, we are saying you were empty all along - devoid of criteria for a trade. You made a random call and boasted a random success. Honestly dude, you have been trading long enough to understand such a simple basic principle?
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Super Contributor
eh, Riaan, did you(or Bogie or whoever you are) trade the BIL warrant?
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Not applicable
Chartist detailed his reasons for calling this short many times...just because he didn't tell you means nothing...has Simon ever asked him for his reasons?
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Not applicable
Yes...made a load of money.
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Super Contributor
well done. can you post some details about your entry and exit for that trade?
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Valued Contributor
riaan, you have a long way to go is all you talk about is the money ..
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Super Contributor
Chartist is a market commentator, that doesn't make him a trader. Riaan this how a trade goes 1. Identify an opportunity 2. Take the trade 3. Place a stop. 4. Take profit or let the market take you out of your trade if you are a holder If you don't do the above you are an analyst not a trader I don't care what anybody says. If you can't identify opportunity in real time you will never make money. A traders worth is measured in how many points he makes not whether he predicted a market. If chartist is soo confident about his trades and predictions tell me why he trades 100 times a day? What he says and what he does are not the same thing. Knowing the thing you should do doesnt mean you are able to do it.
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Not applicable
Simon as per your system, do you exit today and take the loss? And no one ever talks about anything else...did u ever bother to enquire why he made the call?....I certainly never saw you even ask...you just judged it before u even know and you still dont know.
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Super Contributor
A little ps If you want to know if a trader makes money ask to see his monthly statements. All you have to do the numbers don't lie.
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Not applicable
Chartist is in the market every single day...he shares his trades thats how I know
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Super Contributor
4 Of the first 8 posts are chartist related. Whatever he's doing, you guys are certainly giving him a lot of exposure. If one subscribes to the: "No publicity is bad publicity" concept, he is coming out trumps!
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Super Contributor
well riaan, since you made it a point...tell us about your BIL trade, make a video...you made money, so tell us how you identified the opportunity...
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Super Contributor
Riaan been where you are thought there was something real but when I dug deeper I found that there was little to back what I intitially thought.
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Super Contributor
Threshold...good point...maybe stop feeding those posts?
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Super Contributor
You right threshold I'm done had my say.
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