tntsunrise

SOME THOUGHTS ON TRADING SIGNALS VS TRADING LOGIC

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The Reason I dont provide Trading Signals:
1. Trading is difficult and trading is involved with risk. if some people has no idea what is risk and just copy the trade without knowing how much risk he is going to have, it is very dangerous.
2. Trading logic is more important than trading signal, a signal may let you win one time but if you understand the trading logic, u can find as many good quality trades as you can and you can benefit for whole life.
3. The result of one trade could be profit or loss: it is important for traders to understand in the trading world, winning ratio or accuracy is not the most important thing, people get frustrated if they saw a loss trade, people get over confident if they have a winning trade. For Me, I only have 4 trading result: Big Win, Small Win, Break Even and Small Loss. Question: where does the BIG LOSS go? Yes, I stopped them out when they are small before they burn my account. I don't care whether a particular trade is winning or loosing, because I know as long as I stay in the market, by just looking at the only 4 results , I know I won't be lossing money in the long run. But Novice Trader dont understand, one winning trade they feel they are in the heaven, then one losing trade they feel they are in the hell. There is nothing a signal could tell you, stay calm, dont be panic, move to the next winning trade, but a good mentor can.
4. All my tradingview Ideas are records of my trading logic and my trading plan , you will know what kind of result you will achieve after you learn from me. I will make sure whatever I know in the trading wolrd, you will get them. By doing this, I am training a group of pro-traders rather than giving signal. Think about this: what if some day I am sick? what is some day I am on vocation? what if some day I am retired? who should you rely on in terms of trading? another author? another signal provider? My answer is: Rely on yourself! You know the best of yourself, your weakness, your strength, your time contribution, your mentality. and most importantly, that is your own account! Be responsible for your account and Be professional enough to Set your own trading plan . if you have this "Edge" in trading, no one can steal it from you.
Again, Thanks for everyone who follow me and support me, I am always here to educate, to teach, to train and to improve your life by transforming you from a retail trader to pro-trader. For more information, please visit my website or my FB             group. you can pm me as well.
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/

Related Ideas

supperman
5 months ago
do not be ill !
+3 Reply
tntsunrise TOP supperman
5 months ago
Thank you, my friend
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I am learning a lot, thank you Jack.
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tntsunrise TOP HermanBrummer
5 months ago
welcome friend
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raminravansar
5 months ago
Great highlights. Best of luck
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tntsunrise TOP raminravansar
5 months ago
thank you!
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saidev99 PRO
5 months ago
Great Article Jack!! Like the way you keep your trading strategy simple and effective!! Good Luck!!
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tntsunrise TOP saidev99
5 months ago
:)
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zhsloe
5 months ago
Thank you for being honest about what you are and what you do. I'd say this requires a great deal of professionalism :)
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tntsunrise TOP zhsloe
5 months ago
Thank you, my friend
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kakola
5 months ago
Yes I'll give you money if you make me a pro trader.
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tntsunrise TOP kakola
5 months ago
As long as you want to be, you will be.
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MM247
5 months ago
nice jack, thanks for your professional forex trader experience of words for motivate all traders with self confidance
.
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tntsunrise TOP MM247
5 months ago
you are welcome!
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Prits187 PRO
5 months ago
I agree with everything you wrote, give a man Fish and he will eat for the day but show him how to fish will feed him and his family for life. I was in same situation few years ago where i look for people to give me trade just to make back my loss or over night pay my debts off but it never works like that. Best is to learn yourself and you will find a sweet spot which you happy to do. i still sometime ask you or other friends of my on forex to give me opinions on trades but never ask if its long or short. Just opinion as i don't like to blame anyone for the loss.

I think you and few other traders on tradingview is doing a wonderful thing by sharing your knowledge and i thank you all for that. you on my top 3 trades on here to ask for opinion on anything im not sure about.

Hope you having a good weekend
Pritz
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jualex Prits187
5 months ago
First of all...I'm pissed I didn't find this website months ago. There seems to be a lot of knowledgeable people here. I've been trading for just a few months and still can't seem to find that strategy that could work for me. I read books all the time...follow people that I believe have more knowledge than me however, i'm not happy with my results. I've been paying a hell of lot more attention to charts but I think i still need more work on that. Position size is also something I seem to struggle with. I'm almost thinking about just taking my money out of my trading account and call it quits. Losing does that to you i guess.
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jualex jualex
5 months ago
There's been times when I exit position to fast and lose on a big run and of course...have stayed in positions too long that have dented my account big time. Will definitely follow some of you guys and ask questions about some of your moves if you guys don't mind of course.

Thanks
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tntsunrise TOP jualex
5 months ago
sure. glad to help you
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nahidik PRO jualex
5 months ago
That is all part of trading. The key, as Jack pointed out is to minimize your losses. The formula can be very simple, if you make a 3:1 risk/reward ratio you can be wrong 2/3s of the time and still make profit. The goal is to slowly go from wrong 2/3 of the time to wrong only half the time to wrong only 1/3 of the time. Some of the high reputation traders here never commit to an actual entry, SL and target so be wary of there claims of high success they are all about self promotion. That is why Jack is good. You can see when he is right and when he is wrong. No one is right all the time, if they say they are they are out and out liars.
+1 Reply
tntsunrise TOP nahidik
5 months ago
thank you nahidik
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tntsunrise TOP Prits187
5 months ago
Nice Sharing! Prits. Nice weekend, Happy Trading!
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tonex
5 months ago
Great write up, thanks for this advice
+1 Reply
tntsunrise TOP tonex
5 months ago
welcome ,
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mnwind
5 months ago
Jack, I totally agree with you. Thank you for your good work!
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tntsunrise TOP mnwind
5 months ago
welcome!
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Cathy Shi
5 months ago
great!
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CrisantoTorrijos
5 months ago
Thank you for the nice input! Very helpful to a novice trader like me!
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tntsunrise TOP CrisantoTorrijos
5 months ago
good!
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AlanTang
5 months ago
Yeah... that tell the true... only who experience will understand trading world... the most important is logic...
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tntsunrise TOP AlanTang
5 months ago
nice
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nexpert
5 months ago
I'm a novice. Learning the baby steps with small profits and big losses. Certainly I lack the money management. I am also bad at entry timing. But, now I've started to acquire a bigger and more suitable picture from your and couple of others' charts. I am finally grasping the common sense basics thanks to you.

And a big thank you for this wake up call for many, who just visit TradingView for "Signals" and not to learn.

Could you recommend any learning resources? I know the basics. Need intermediate stuff. I would've loved to, but can't afford your course.
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tntsunrise TOP nexpert
5 months ago
babypips. books: technical analysis in FUTURE markets, by john murphy
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nexpert tntsunrise
5 months ago
Thank you Jack. Would definitely check these out.
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pring nexpert
5 months ago
Hi nexpert, you should read also "Japanese candlesticks", a Steve Nison's book. "learn how to fish rather than receive fish from others" is a quote of this book. It is essential to learn how trade price action. Steve Nison is a Master in this domain. With Nison and Murphy 's books you can learn a lot ! For me, trading is a hobby, no stress because it isn't my job. I make money with my job and i learn trading for the pleasure : no stress.
Small position of trading and good risk/reward. I come from Marseille in France and practice VTT is also good for health not only computer with trading. Jack is a pro and he wants "trading for a leaving" (Elder is also a great teacher, i recommend Elder's book also...it is the title of one of Elder's book). Do you want "trading for a leaving" or just "trading for fun" ? That is the true question ! If you want the first option, make sure that you have the mentality because trading is mostly psychology. We could write a lot on that but we have only one life .... The most captivating in trading for me is learning crowd behavior, if not i prefer make my bicycle ! A "Special Hello" to Jack. Trade with care like Anil says. Bye Bye nexpert
+1 Reply
nexpert pring
5 months ago
Thank you very much pring for the recommendations. I am a kind of Books guy, so would certainly love to go through these.

For now, I want trading to supplement my day job income. But, it's fun too, I guess, as I eagerly wait for the market to open after weekend :)
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Loialbanks
5 months ago
thank very much, i did it, Thank my mentor
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tntsunrise TOP Loialbanks
5 months ago
good job
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IkeOkeke PRO
5 months ago
Incredibly True. Price action will not always obey signals.. We are competing against supercomputers when it comes down to it anyway..

Great Article :)
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tntsunrise TOP IkeOkeke
5 months ago
thanks!
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proping7511
5 months ago
rely on youself first,then rely on myself .bless you won't ill anymore. fighting!
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oussama11fcb
5 months ago
Thanks master
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tntsunrise TOP oussama11fcb
5 months ago
welcome!
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H4fx
5 months ago
Hi, you are real mentor. after 4 years trading and i loss a lot of money , i learn that i have to rely on myself because its my account not anybody else ! that is what you said in last paragraph.
i kindly have one request from you please teach us a good tip like the text above which help to be trader and make our own trade.
thank a lot and happy trading :D
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tntsunrise TOP H4fx
5 months ago
buy low ,sell high, always remeber that.
dun chase the price
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bunah2
5 months ago
Thank you Jack for your good advice.
+1 Reply
tntsunrise TOP bunah2
5 months ago
you are welcome!
+1 Reply
Teddy
5 months ago
The great one thank you.
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tntsunrise TOP Teddy
5 months ago
welcome
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649bruno
5 months ago
I have been charting and trading since 1983. These are very wise words you have written. From knowledge comes wisdom.
Warren Buffet said "Risk comes from not knowing what you're doing." You have written the same thing. Thank you. Don.
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tntsunrise TOP 649bruno
5 months ago
wow.1983! i was born in 1985. you are really a very experienced trader! thank you, Don
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qureshi009
5 months ago
Experience shared at a glance......and I am in complete agreement with everything mentioned.
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tntsunrise TOP qureshi009
5 months ago
thank you
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mchilado
5 months ago
Thank you Jack! Hope to learn more from you. Always appreciate your ideas and generosity.
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tntsunrise TOP mchilado
5 months ago
my pleasure
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guti142008 PRO
5 months ago
Many many thanks!!
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tntsunrise TOP guti142008
5 months ago
to the future!
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linhezi
5 months ago
Have benefited a lot from Thank you jack's teacher
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tntsunrise TOP linhezi
5 months ago
tks man!
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MadeMax777
5 months ago
Thank you for the revelation Mr Jack, you are worthy of imitation. Thank you for your shared experience respect.
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tntsunrise TOP MadeMax777
5 months ago
welcome , friend!
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mnwind
5 months ago
Born in 1985, you are young! May I ask how long have you been studying and trading the market? And how long did it take you to become consistently profitable trader?
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tntsunrise TOP mnwind
5 months ago
about 7 years
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CezaryS
5 months ago
This is understandable and wise from your side telling it how it looks. It does not need especial confirmation. I am much older and stupid loosing lots of money. Unfotunatelly i found this page about month ago and now i see trading totaly different. I regret it very much and I wonder only I able to learn everything to make trade decisions independently. I hope, you Jack and others more advanced your followers will be assisting us newbes to learn, not to do mistakes and earn (not loose) some money. I am affraid to make decision, and I need advise and suport. Be, all of you forgiving us if we would have same easy question ( I am surprised, that this understanding is here). If somebody would have some advises like Pring and Jack would have against it, you could give some advises for us, newbies, where to find usufull informations. Wishes only good trades for all of you.
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AhmedKhattab CezaryS
2 months ago
@CezaryS, Who is Pring?
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CezaryS AhmedKhattab
2 months ago
@AhmedKhattab, see some comments abow ~30
+1 Reply
AhmedKhattab CezaryS
2 months ago
@CezaryS, Thx
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yukiko97 PRO
5 months ago
I want to learn from you someday, i grew up in singapore and moved to Canada, hopefully i will be back to sg to take your course! Till then stay healthy!
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tntsunrise TOP yukiko97
5 months ago
you are welcome!
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Omlidakt PRO
5 months ago
Wise words from a wise man.
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AntolinosTrading
5 months ago
damn, i needed this
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SURANTO
5 months ago
Thanks Jack... You are great mentor..!!
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Nebula666 PRO
5 months ago
Awesome couldn't have said it better myself.
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Comment removed
tntsunrise TOP lupino
5 months ago
1. LOL. your comment looks strange. Please do not say such thing: "you like to keep only the nice comments". That is determined by tradingview's moderator, not me. Be careful of your words, you are misleading people that tradingview's author can do whatever they want to keep only the nice comments and delete whatever those not so nice comments. Since when the tradingview's author has such power? if I go to your home page and post something you dun like, but not violating the house rules, and you report it , do you think it will be removed? no, you can't control.
2. Whether do I have the capability to provide signals is not judged by you and I don't have the need to prove to you. Never mind, go check my recent 7 day's result : http://harmonicasia.com/testimonial/ . If a trader who can turn an account from 2000 to 12000 within 7 days is considered incapable, well, i got nothing to say then. It is not I can't but I just choose not to provide signals and the reason is written in the article clearly.
3. Do you know what is a trading view and what is a signal? Signal won't explain the logic behind, and that makes tradingview a great place for people to learn from each other. they are not the same at all.
4. I have no objection for you to follow other company's signal, Please go ahead and stop wasting your time here. Thank you. Good Luck.
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kiachiang
5 months ago
Agree, none of the Trading signals in the market is reliable when you don 't understand the trading logic behind it.
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tntsunrise TOP kiachiang
5 months ago
:)
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Gambit24
5 months ago
Awesome advice! Keep up the great work!
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tntsunrise TOP Gambit24
5 months ago
THANK YOU
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sag1
5 months ago
simple and true
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Bugdung
5 months ago
Good advice, always welcome.

When you talk of small losses i would love to know your approach on Stop loss.

I often see your targets. But wonder what rules you set yourself in regards to stop loss?
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tntsunrise TOP Bugdung
5 months ago
important structure, atr,
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Jon88
5 months ago
Well said Jack! Appreciate what you are doing for and on behalf of novice traders like me.
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hi jack
i already trade in demo version and anytime i want to open a real account i hesitate to do that because i get nervous when i see people using harmonic patterns or gann or any complicated trading methods.
i want to ask you as a pro trader, is it necessary to know all of these stuff or at least had been trying them in demo version to get into real account trading?
if it's a yes which books or material you recommend me to study?- since i'm from iran i can't have acces to majority of good materials despite my eager for learning-
thanks a lot for all of your great ideas :)
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tntsunrise TOP saber.rouzbahanimoghadam
5 months ago
not really. u just need to find you own way of trading.
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j_soto94
5 months ago
I've learned a lot from your published ideas, thank you for sharing your knowledge and experience with me
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ssmei98 PRO
5 months ago
all golden words. thanks
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menyuken PRO
2 months ago
Appreciate your words, you know it was my target or we call it dream that being a man like you in the trading world. Now I will never change my mind, since I really see the light which coming from you, tntsunrise! Big thanks for your huge effort in provide the detailed trading logic!
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hthieuvn
2 months ago
Thank you a lot Jack.
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