rockablogger
Newbie
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Re: Never,
Im sorry Black Swan, but i didnt understand this, doesnt this mean that your succeptable to big drawdowns ?
just to give u an example, if your buying at support levels when the market was going up, ... then on the way down whenever it hits a support level you buy (hoping for a bounce) but instead it chops straight through... you may then try the same at the next support level, but the same happens again,... pretty soon it gets pretty bad as you realise that the billions of people are all pulling in the one direction ?
on another note, id like to get some software as iv only been using the charts on IG, id like to start using some indicators which i can back test with historic data, and my criteria / plan to be highlighted to me accross as many instruments as possible.
i checked out the ones listed but there are pages and pages of software providers, .. a few names poped out like Tradecision, or Tradestation, or one mentioned earlier in this thread NinjaTrader ....
thanks again for your recent replies Blackswan, Tomorton, on the question about sucessful traders, although it isnt an indication of my future success, it is encouraging.
In answer to your original question I am now never "wrong", seriously never. I stick to my plan, if the market moves in a way that my probability based trading strat. didn't work then I wasn't wrong, neither was the market. Quite simply the billions of folk constantly pulling the market in opposite directions exerted enough power in the opposite direction to which I believed probable...
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Im sorry Black Swan, but i didnt understand this, doesnt this mean that your succeptable to big drawdowns ?
just to give u an example, if your buying at support levels when the market was going up, ... then on the way down whenever it hits a support level you buy (hoping for a bounce) but instead it chops straight through... you may then try the same at the next support level, but the same happens again,... pretty soon it gets pretty bad as you realise that the billions of people are all pulling in the one direction ?
on another note, id like to get some software as iv only been using the charts on IG, id like to start using some indicators which i can back test with historic data, and my criteria / plan to be highlighted to me accross as many instruments as possible.
i checked out the ones listed but there are pages and pages of software providers, .. a few names poped out like Tradecision, or Tradestation, or one mentioned earlier in this thread NinjaTrader ....
thanks again for your recent replies Blackswan, Tomorton, on the question about sucessful traders, although it isnt an indication of my future success, it is encouraging.