Learning profitable automated trading

This is a discussion on Learning profitable automated trading within the General Trading Chat forums, part of the To Be Sorted category; Originally Posted by oildaytrader The majority of traders could be going long ,whereas the mercenary is going short and gambling ...

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Old Jun 29, 2010, 4:56am   #257
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Originally Posted by oildaytrader View Post
The majority of traders could be going long ,whereas the mercenary is going short and gambling on breakdown of trends, set ups, aiming for stops and failure of traders through fear.You might all find it correct and prudent to go long on triple screen set ups, the mercenary might be waiting for the 95% club of suckers to retreat.

The mercenary might be buying the new lows and selling the new highs.

The only thing important in mercenary trading is risk and money management.
Honestly - you do appear to be out of your mind.

So - you are mercenary and going against the crowd.

On the other hand you are going to buy low and sell high - for sure - they'll never see that coming
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I cannot see., however why we should expect to find a "system" which will work in the stock market; surely the possibilities of profits for the student justify the time and effort required to learn market interpretation.

Humphrey B Neill - 1931
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Old Jun 29, 2010, 5:04am   #258
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M.R., this is the second time you've got yourself embroiled in a flame war with a poster, firstly medsb and now ODT. Why bother? Move on...
You are right, of course, I should just ignore it. I guess I feel a little protective of t2w. Varied opinions are welcome and valuable, but ODDT's nonsensical utterings are just verbal pollution.

Responding to his gibberish doesn't raise my blood pressure - if it did, I would have stopped a while ago.
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Old Jun 29, 2010, 5:23am   #259
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Quote:
Originally Posted by DionysusToast View Post
Honestly - you do appear to be out of your mind.

So - you are mercenary and going against the crowd.

On the other hand you are going to buy low and sell high - for sure - they'll never see that coming
There are times when one can buy low and sell high , this is done in a low risk high probability situation, when the crowd is not sure of the noise.

When trends are formed ,most of my trades are with the trend .
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Old Jun 29, 2010, 5:39am   #260
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There are times when one can buy low and sell high , this is done in a low risk high probability situation, when the crowd is not sure of the noise.
.
I see...

You mean, as opposed to buy high, sell low...

Must be where I've been going wrong...
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I cannot see., however why we should expect to find a "system" which will work in the stock market; surely the possibilities of profits for the student justify the time and effort required to learn market interpretation.

Humphrey B Neill - 1931
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Old Jun 29, 2010, 5:49am   #261
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Originally Posted by DionysusToast View Post
I see...

You mean, as opposed to buy high, sell low...

Must be where I've been going wrong...

In a ranging market I buy low and sell high , and in trending markets sell low and buy back lower,or buy high and close higher.

I trade with small stakes initially ,and place large stakes after I get a feel for the sentiment and trend .The minute I see a trend ,I jump in with large quick in and out trades lasting a few minutes.

O D T
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Old Jun 29, 2010, 5:55am   #262
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"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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Thanks! The post above is recommended by: wackypete2
Old Jun 29, 2010, 5:56am   #263
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You will never make money trading until you learn to control your ego. It seems that the only reason you post here is to convince people that you are the man,a great trader who makes lots of money (despite plenty of proof to the contrary). You won't make money as you will always be wanting to prove to the market that you are right too, even when you are losing.

Its the same as people who start a thread "Wow I made 1,000 pounds today!" They haven't even started to learn to trade yet as they don't have their emotions under control.
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Old Jun 29, 2010, 5:59am   #264
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Originally Posted by oildaytrader View Post
trades lasting a few minutes.

O D T
big swinging DICK.

how can anyine take this guy seriosuly. he has 50 automated systems running, apparently; is a mercenary trader, whatever that means. Thank goodness you stopped your crusdae against Goldmans, for one moment I thought they might just close the doors with you hot on their heels. Oh and there's another contradiction right there. ODT mercenray trading v Goldmans "mercenary" trading.

oi vey you are a muppet.
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