Posted by: joetradingplace | July 26, 2012

Thought of the Day

There is nothing new on Wall street or in stock speculation. What has happened in the past will happen again and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence…Jesse Livermore

That’s the reason why I keep playing the same setups/patterns over and over again…and they keep working…my followers have noticed a trend of how I trade, I wait for a breakout and play a trade if minor R/S holds and also FBO…thats what I keep doing over and over again….wash, rinse and repeat…its that simple but not easy though.

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Responses

  1. nice stuff, interesting patterns i see here Joe, indeed these patterns happen over and over again and they bring money on the table

    • yeh, if you stick to what works…you can do well in this business


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