Recent content by Thales

Real edges are laying around like Klondike gold in the days before the rush. Unlike gold, however, most folks just don't know what an edge looks like. And even when one does, he often either lacks the discipline, or, more likely, is so consumed by fear that he just can't bring themselves to...

From what I remember, db sells a Wyckoff/price action ebook for the princely sum of $30 (my recollection has to go back about 6 or 7 years so I may not be quite right on the amount). For this, he needs to post "documents" at your request, i.e. demand. Why not read what he has made publicly...

I haven't discussed it with her much, though she does track weekly and daily trend channels as it seems you do as well from a quick scan I had of your SLA strategy. I'll shoot you a PM in the coming days/week. Thank you for the offer. Best Wishes, Thales

It is a nice, simple, strategy derived from objectively observed price action. I see, however, that a number of would be at-homers have struggled mightily to make it is difficult as possible. "The trick is to formulate compound edges that you might believe in, test them "scientifically"...

It wasn't hard for her. She learned to draw straight lines and count to 3 in pre-school, and I introduced her to trading when she could still believe that it really could be that simple. You might be interested to know that this past summer her preferred day trading vehicle was the NQ. I...

No argument from me on needing a sound system. No problem accepting the validity of certain stat-arb models as yielding consistently profitable results. I do not agree with the random market hypothesis. And I am certain that the stay-at-home retail trader wannabe will do much better...

I keep it simple for them. Some Darvas, some O'Neil, some Kroll, and a few others, e.g. selections from Wyckoff the original, Livermore's How to Trade (the original), etc. Can't say I've ever bit my lip. In each case they started by simply watching a live data feed without our ever having...

I only look dead, Db! My oldest daughter is still trading, though she only day trades in the summer (can you believe she is now a sophomore and just a few months shy of her sweet sixteen?!) My younger daughter gave it a try, but it wasn't for her. She wants to be a chef, so who am I to...

A solid dozen at-home retailers (while watching many dozens try and fail), and too numerous to count from my prop/street days. I've been around. Best Wishes, Thales

(bold added by Thales) Everyone I know who has learned to day trade successfully has done it through observing the market and learning to think for themselves. Best Wishes, Thales