How To Trade: Full Stop

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The Expert said:
Of course The Expert has an EGO, for, every human being has one:smart:

Again, we start to drift and get into the rubbish talk.

But, as I must be questioned by others so that those who are learning can see, then so be it, for, I must be willing to take what I can give, which I am, as you can see from my EGO:cheesy:

Now, let me reiterate.

retail traders > private accounts > not profitable > need to change > need to know difference between rubbish and what works best > must be willing to ask the right questions

The rest, as far as I am concerned, can do as they like, for, I really don't care what they do, as, I am only interested in helping those who help themselves, and others.
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You cannot help the noobs. How can you help someone who has no knowledge or experience?

This is an exercise in futility.

The only route for a noob is brutal. Unfortunate, but reality.
 
kimo'sabby said:
You cannot help the noobs. How can you help someone who has no knowledge or experience?

This is an exercise in futility.

The only route for a noob is brutal. Unfortunate, but reality.
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No, no, no.:cheesy:

I was once a noob, and now, as I am The Expert, I can help noobs greatly, but, only certain noobs will have the courage to ask what is required, and, this is exactly what is required from a noob in order to become a successful trader.

There is ALWAYS a better way, which, can also mean an easier way:smart:

I am certain you have heard this one:)

IF ONLY I KNEW THEN WHAT I KNOW NOW (y)
 
The Expert said:
No, no, no.:cheesy:

I was once a noob, and now, as I am The Expert, I can help noobs greatly, but, only certain noobs will have the courage to ask what is required, and, this is exactly what is required from a noob in order to become a successful trader.

There is ALWAYS a better way, which, can also mean an easier way:smart:

I am certain you have heard this one:)

IF ONLY I KNEW THEN WHAT I KNOW NOW (y)
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Expectancy is the difference between luck and skill. Time, is the only factor that separates luck from skill.
 
The Expert said:
Well DT, I will be honest, and say that I just browsed thru it, and, what I saw was not enticing me to read any further, as if I can not see some juicy bits in a quick scan then odds are it is just like the rest of the crap out there, and not worth the time and effort for further investigation.

Of course, you must know what the juicy bits are, for, if you do not know then how will you see them :) :smart

BTW, and don't be afraid to speak the truth now, have you learned anything of value AT ALL from what I have posted, and, you know what determines your answer, for, there is only one thing that this game is all about, and, everything else is irrelevant(y)

TE
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Indeed - the Wolff book is not a 'quick scan' type of book. It is in line with taking a slightly higher view of the market than I have been doing. He does divert from this in one section where he attempts to put quantitative values against qualitative behaviour information and I think this is a poor idea.

In terms of the stuff you pointed us towards, I have certainly not as yet unravelled the full riddle. You have stimulated thought though and the conclusions I have come up with may or may not be in line with what you were pointing towards.

What I now have is a clearer expectation of where something is going based on taking a step back from the action. When I say 'step back' - I mean taking a view that is not so microscopic. I do not mean going to higher timeframes, which are largely irrelevant to this type of view. I mean in terms of having an expectation of where price will be headed to in it's current move and not worrying too much about the wiggles on the way. Having a bit more confidence on the entry point and being able to let it ride more.

I am making trades on this basis now as well as still trading the way I was trading before, to be honest, there's not a huge amount of difference. Last week was a good example of a week where it was a bit thin and following bigger names gave you stocks where you could still pull 50-60c out of a move, especially if you looked at the ones where people got a bit 'excited' and there was some overzealous buying/selling which overextended the price one way or the other.

So - if all you have done is made me think about things in a slightly different way, I have certainly learnt something.. (y)
 
DionysusToast said:
Indeed - the Wolff book is not a 'quick scan' type of book. It is in line with taking a slightly higher view of the market than I have been doing. He does divert from this in one section where he attempts to put quantitative values against qualitative behaviour information and I think this is a poor idea.

In terms of the stuff you pointed us towards, I have certainly not as yet unravelled the full riddle. You have stimulated thought though and the conclusions I have come up with may or may not be in line with what you were pointing towards.

What I now have is a clearer expectation of where something is going based on taking a step back from the action. When I say 'step back' - I mean taking a view that is not so microscopic. I do not mean going to higher timeframes, which are largely irrelevant to this type of view. I mean in terms of having an expectation of where price will be headed to in it's current move and not worrying too much about the wiggles on the way. Having a bit more confidence on the entry point and being able to let it ride more.

I am making trades on this basis now as well as still trading the way I was trading before, to be honest, there's not a huge amount of difference. Last week was a good example of a week where it was a bit thin and following bigger names gave you stocks where you could still pull 50-60c out of a move, especially if you looked at the ones where people got a bit 'excited' and there was some overzealous buying/selling which overextended the price one way or the other.

So - if all you have done is made me think about things in a slightly different way, I have certainly learnt something.. (y)
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DT, you are on the RIGHT track, but your mind is still full of unimportant things that do not really matter, and, believe me, for, I was once exactly like you are:confused:

I would wager that most of the stocks I mentioned as per my pdf scans, are still showing daily moves in excess of 50C:?:

It is very easy to forget things of value, only to look back a long time after and see that the value was indeed there in the first place:cool:

I recently made over $2k on a swing trade that lasted about 9 trading days, and I traded with no stop:eek:

Why did I do this:?:

Did I not break the Golden Rule, and, if I had not broken the Golden Rule would I have lost about $500 instead of making over $2K:?:

TE
 
There was a brilliant trader called spanish89 who posted here who also traded without stops. I think its the way forward
 
temporarilylight said:
There was a brilliant trader called spanish89 who posted here who also traded without stops. I think its the way forward
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Trading without stops is not for the inexperienced or weak minded.

When MM's and Specialists, and I hate those names btw:mad:, make a market they are not worried about stops, but, are always looking at THE AVERAGES, and I don't mean SMA or EMA:LOL:

Think about this as you consider trading without stops.

How would you like it if you were holding a long ES Ftrs contract when the Options market went lock limit down:eek:

Not only CAN IT HAPPEN, but, IT DID HAPPEN, and, MORE THAN ONCE:mad:
 
rathcoole_exile said:
wow !
last of the Big Spenders !!!!

I thought you're supposed to be some sort of expert ?

do experts even get out of bed for less than $2k ?
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I am quite disappointed by this too, to be honest... I was expecting The Expert to be punting a couple of squillion, at least.
 
Did I not break the Golden Rule, and, if I had not broken the Golden Rule would I have lost about $500 instead of making over $2K
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Is this the rule of cutting losses short ?


Paul
 
its taken quite a few pages, but he eventually made good on his thread title: 'how to trade'

Trade stocks with big daily ranges, and dont use stops.

We never really got into how to decide whether to go long or short, but i guess he been generous enough already with the above advice.
Thx TE.
 
DionysusToast said:
In terms of the stuff you pointed us towards,
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Pete, okay, he's made you think a wee bit outside your previous box, but does that make him an "expert"
I could just as easily say to you :
look at the effect of lunar phases on the market", or
"look at the inverse relationship between x and y", or
'wow, what statistical anomalies appear when the basis differs by abc"

thought provoking ? yes ?
but would that make me a self-proclaimed expert :smart: and deserve to have your tongue up my erse ?
i don't think so !!

and that's just me. let alone what real traders could add, like arabian, brutus etc......

as I will impress upon you on friday night over several pints of cider:
the 'expert" is a charlatan, a fool.
and you have made yourself look silly by becoming one of his acolytes.

time for a tongue-ectomy my friend !
 
Are you actually saying you want to go out and discuss the activities on an internet forum at the pub ?

We need to get you into a bar full of tarts ASAP to give you an understanding of the seperation between meatspace & ze interweb.

Also - we need to go out on a day that isn't a trading day too !
 
rathcoole_exile said:
as I will impress upon you on friday night over several pints of cider:
the 'expert" is a charlatan, a fool.
:sleep:
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I've got to say;

Rathcoole is ALWAYS right ...

Always.

He is so filled with rightness, that he can only turn right. Right to the terminal of rightness.

Additional notes:
And he usually displays his rightness in a form of humour.
 
Devilicus said:
its taken quite a few pages, but he eventually made good on his thread title: 'how to trade'

Trade stocks with big daily ranges, and dont use stops.

We never really got into how to decide whether to go long or short, but i guess he been generous enough already with the above advice.
Thx TE.
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DL, I have but scathed the surface of what is required, and, when you see the antics and stupid behavior of others, is it no wonder that the majority never learn how to make real money trading:LOL:

Long or Short depends on your interpretation of what might happen next, so, right away you are into dream land territory:cool:

There are a few KEY things that can prevent you form entering dream land territory, and, when you reach that level of knowledge, you will not go around with silly avatars like that of a queen, or the other ridiculous images that clearly shows exactly what the owner knows, and does not know:LOL:

You can always see what others ARE doing, if you BUT LOOK correctly:cool:

TE
 
rathcoole_exile said:
wow !
last of the Big Spenders !!!!

I thought you're supposed to be some sort of expert ?

do experts even get out of bed for less than $2k ?
Click to expand...

I would imagine that you stay in bed most of the day:LOL:

I am The Expert as I know what is required in order to not stay in the stagnant state of mind that you now find yourself in:cheesy:

You are so full of b.u.l.l that you can not even see that your posts make you look silly and stupid, so, with that, do you know what you and your like are really called:LOL:

:smart:TE:smart:
 
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