Markets tend to part the foolish from their money

[Joe Ross]

Sometimes you feel that you are able to throw caution to the wind. That is when you must be careful to not spit into it.

One satisfying aspect of trading can be identifying a market (or spread) that is
undervalued, at support, trending, breaking out, or behaving seasonally – and then seeing it continue to behave as expected. When it does so, it pays to be aggressive – boldly assuming positions, and even reentering on corrections using the TTE once you have salted away some profits. As long as the market continues to move favorably, you will make money. Therefore, the rewards can be emotional as well as financial.

But it is this kind of market that you must respect even more. Why? Because a good trade, and an especially successful “campaign,” can make you feel invincible.

Markets can be generous, but more often than not, they tend to part the foolish from their money. Furthermore, you don’t easily or often identify a really good trade – and have the market behave as expected. Especially after a successful trade, it is too easy to “take a shot” at a marginal trade. When you do that, you may be spitting into the wind.

 

[leovirgo]

Welcome to t2w!! Hope you'll tell us some other things like Ross' hook set up etc.

 

[Joe Ross]

Parting the foolish from their money

Welcome to t2w!! Hope you'll tell us some other things like Ross' hook set up etc.

Leovirgo: There are tons of information about the Ross hook on the Internet. Since I first introduced it publicly in the 1980s, there have been many variations to the concept of the Ross hook. The Rh is not a setup. It describes a chart pattern. A set up fall into the category of how you implement the concept. There are many ways to do that. Even I don't know them all. People have done all sorts of things with the Rh. That's where trading becomes personal. I suggest you google for Ross hook. You'll find a ton of stuff.

 

[leovirgo]

Sure sir. I did learn about it. what I really meant was .. if you had any intention to offer practical pattern/set up on this bb in addition to your words of wisdom which may not be easy to grasp by inexperienced newbies.

 

[Joe Ross]

law of charts

Sure sir. I did learn about it. what I really meant was .. if you had any intention to offer practical pattern/set up on this bb in addition to your words of wisdom which may not be easy to grasp by inexperienced newbies.

I am not able to give you that kind of information here on the bb. All I can tell you is to go to the following internet page and you will see what you are looking for.

law of charts - Google Search

 

[everyonerich]

so how many percent you can make per month? Joe Ross

 

[Joe Ross]

so how many percent you can make per month? Joe Ross

The most I ever made was 8.000%. The least I ever made was 0%

 

[neil]

Is this a fishing expedition for more clients - lay out the bait but offer nothing useful until one buys his books etc. However, he advertises the fact that he is a vendor so he can be expected to come here fishing for clients, thus no surprise he pops up now and again.

 

[leovirgo]

Is this a fishing expedition for more clients - lay out the bait but offer nothing useful until one buys his books etc. However, he advertises the fact that he is a vendor so he can be expected to come here fishing for clients, thus no surprise he pops up now and again.

I get the point. You talk straight.