Trader333
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Crikey, 3000 hours over 8 months (which is 8 months x 24 hours x 30 days = 5760 hours) is the equivalent of (3000 / 5760 x 24 ) = 12.5 hours a day every day including weekends.
Personally I dont have that level of sustained concentration ability so how on earth were you able to keep this up for that long ?
Paul
Personally I dont have that level of sustained concentration ability so how on earth were you able to keep this up for that long ?
Paul
just about covers it
like you say - put the work/time in & with a bit of common sense & tight money/risk management, you have a modicum of control.....the 'points' tally may well freak a few out, but then each (trading style) to their own......continued good fortune to you! TheBramble
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mr. marcus - a summary of 3000 hours research in one post is hard to handle in one pass, but is very interesting.
To Marcus
8 months study. I wish I could have made a trading strategy in that time scale.It took me 4 years to get good,I study all day, read 100 of books. This is how I became successful. I made my money FROM THIS GAME OF HARD KNOCKS and can now afford to live off the intrest, but I still love to trade.and always looking to improve,as I want to be the best I'm still young at the age of 37'But all the good to you if you have achieved this in 8 months.
CJ
8 months study. I wish I could have made a trading strategy in that time scale.It took me 4 years to get good,I study all day, read 100 of books. This is how I became successful. I made my money FROM THIS GAME OF HARD KNOCKS and can now afford to live off the intrest, but I still love to trade.and always looking to improve,as I want to be the best I'm still young at the age of 37'But all the good to you if you have achieved this in 8 months.
CJ
like the old man used to say (& continues to say to us), "never, ever underestimate the power & capabilities of the human mind - cos if you think it aint conceivable....then (for you) it aint".....I still make 'hard work' of it , yet my sisters run rings round me in both speed of thought/action & pip collection
, yet my sisters run rings round me in both speed of thought/action & pip collection MrM
For a man with who eats korma curries (with extra pineapple and raisens) you have given a lot of food to chew:
i) Good to hear about the strategy of sitting on your hands - I've had to do that for the last 3 weeks due to simple mistakes which cost me dearly (due to hubris and not sticking to my original plan) - "..understanding fair value,understanding fear.." - its a case of "man knoweth thyself " rings sooo true
"..too many people want it on a plate...its easy to see why only 5% of traders succeed.." - l still dont understand why many people expect to come into trading and for 20mins work make £100,000. - you dont hear them wanting to do briainsurgury (after reading "surgury for dummies")
ii) Excellant thing about the updarting your trading plan (and some people expect the plan to work in all markets and conditions)
iii) ..
[More later]
Carry on posting MrM
For a man with who eats korma curries (with extra pineapple and raisens) you have given a lot of food to chew:
i) Good to hear about the strategy of sitting on your hands - I've had to do that for the last 3 weeks due to simple mistakes which cost me dearly (due to hubris and not sticking to my original plan) - "..understanding fair value,understanding fear.." - its a case of "man knoweth thyself " rings sooo true
"..too many people want it on a plate...its easy to see why only 5% of traders succeed.." - l still dont understand why many people expect to come into trading and for 20mins work make £100,000. - you dont hear them wanting to do briainsurgury (after reading "surgury for dummies")
ii) Excellant thing about the updarting your trading plan (and some people expect the plan to work in all markets and conditions)
iii) ..
[More later]
Carry on posting MrM
I too can vouch for the pure, consistent signals that Mr Marcus trades off from a number of weeks in the Dow chatroom. It certainly opened my eyes to the parallel universe of No Indicators and pure price & volume action.
As a newbie it is very hard to see a life without indicators. But now I think I have seem glimpses in the various CR sessions I lurked in on, of another and better way to trade.
He is also a very open and generous person who is willing to help others free of charge. Now that is a rarity indeed in the trading world of today.
My only fear is with all the sniping he gets over ‘NNN points per week’ discussions that he may well decide its not worth posting on T2W anymore.
Now that would be a very sad day indeed for this Forum.
As a newbie it is very hard to see a life without indicators. But now I think I have seem glimpses in the various CR sessions I lurked in on, of another and better way to trade.
He is also a very open and generous person who is willing to help others free of charge. Now that is a rarity indeed in the trading world of today.
My only fear is with all the sniping he gets over ‘NNN points per week’ discussions that he may well decide its not worth posting on T2W anymore.
Now that would be a very sad day indeed for this Forum.
Trader333
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Mr M,
3 to 4 hours a night would put me in an asylum but credit to you where it is due. The last person I heard of who lived on that was Mrs Thatcher so are you related ?
I also have no doubt about the trading capability of Mr Marcus as we have previously communicated via PM and I hope that he is not put off by others.
Paul
3 to 4 hours a night would put me in an asylum but credit to you where it is due. The last person I heard of who lived on that was Mrs Thatcher so are you related ?
I also have no doubt about the trading capability of Mr Marcus as we have previously communicated via PM and I hope that he is not put off by others.
Paul
TheBramble
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Mark, I've taken more time to read your interesting post and I'd like to develop some of the issues you raise. But given longer posts with lots of points tend not to get addressed as comprehensively as smaller ones, I'll split my questions up over a few separate posts.
One key thing which I feel comes across (echoing the sentiments of many experienced traders) it the fact that there is no substitute for putting in the hours. I agree. Which is why you're absolutely correct in not getting into the nitty gritty of 'how' you do what you do - what use would it be to anyone who hadn't gone down your specific route? But there are benefits (I for one would be interested anyway!) in perhaps describing more specifically some aspects of what you do.
For instance:-
By signal taking, do you mean the signals other traders use or the way they interpret them? Your charts look remarkably 'clean' (i.e. devoid of indicators) - just price and volume so I'm assuming you are referring just to the way you interpret price/volume action.
And in each stage of the market's development - are you discussing accumulation and distribution (and as this thread is on an indices forum, I realised I hadn't ever considered this process might apply equally to indices as to stocks - does it?) including mark-up and mark-down or something different?
One key thing which I feel comes across (echoing the sentiments of many experienced traders) it the fact that there is no substitute for putting in the hours. I agree. Which is why you're absolutely correct in not getting into the nitty gritty of 'how' you do what you do - what use would it be to anyone who hadn't gone down your specific route? But there are benefits (I for one would be interested anyway!) in perhaps describing more specifically some aspects of what you do.
For instance:-
mr.marcus said:
By signal taking, do you mean the signals other traders use or the way they interpret them? Your charts look remarkably 'clean' (i.e. devoid of indicators) - just price and volume so I'm assuming you are referring just to the way you interpret price/volume action.
And in each stage of the market's development - are you discussing accumulation and distribution (and as this thread is on an indices forum, I realised I hadn't ever considered this process might apply equally to indices as to stocks - does it?) including mark-up and mark-down or something different?
TheBramble
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mr.marcus said:
Good point. I imagine most traders 'think' they know what each of these modes are, as you say 'oh so very simple...', indeed, but the real twist is the 'playable tactics', i.e. What tactics do you use to trade a trend, a counter-trend etc.?
You indicate price, volume. NYSE Tick which get my vote, but I'd appreciate a better idea of what you mean by:-
'time of day' (first & last hour? First 30 mins fade? Midday doldrums?)
'key levels' (S&R? Decade and half-decade points?)
'other indicies for divergence' (Market Neutral Pairs?)
" i find trading really boring cause im just playing the plays.....research for me is where i get my kicks...i know just to take what the market gives me and no more,no less....and finally i love my loses far more than my winners....mmm...strange...well to me the only buzz i get is when i control the loses and leave the ego out of the trade...i know that if i can manage to consistently do this ...i shall at least preserve my capital which should be every traders priority. "
gee , sounds suspiciously like my posts in " money v the game " talk about jumping on the bandwagon.
other than that , not bad , a couple of good points.
gee , sounds suspiciously like my posts in " money v the game " talk about jumping on the bandwagon.
other than that , not bad , a couple of good points.
TheBramble
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Now that resonates....mr.marcus said:
Thanks for posting the email from Ellis.
TheBramble
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Mark, can't offer you too much advice on trading matters, but when it comes to irksome individuals, ignoring them can be a good strategy.
Not that I always manage such magnificent self-control myself, but there you go....
You can tell from the number of thread views there are significantly more people interested in what you have to say and what they can learn from it than are looking for an opportunity to snipe.
Having said that, WG did acknowledge the quality of your comments.
Not that I always manage such magnificent self-control myself, but there you go....
You can tell from the number of thread views there are significantly more people interested in what you have to say and what they can learn from it than are looking for an opportunity to snipe.
Having said that, WG did acknowledge the quality of your comments.
