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Sheesh, another one-post wonder whining about trading, this time about how boooooring it is. And the guy lives in NYC of all places. Yeah nothing to do in that one-horse town. Assuming this is a real post and not some new sockpuppet set up to troll us, how about reading a book? Plenty of...

You needn't start from scratch. Start with an indicator you already like and that you feel shows some promise. Then ask yourself "Can this indicator be improved and if so, how do I do it?". You'd be amazed at how often you can do something. The most important thing is to open your mind to...

Backtesting. The same way you determine whether your own trading ideas are effective. Every now and then something useful leaks out into the public domain. Only testing determines whether this is so, on a case-by-case basis.

As an alternative, you might want to consider designing your own indicator(s). Some of us have found the exercise edifying. I personally have little use for any of the publicly disclosed indicators. They are all flawed, sometimes hugely, in some manner. You can safely get rid of MACD...

It's been a very long time since I looked at them but I think your chances are better at the craps table than at the (American) roulette table. Don't bet on yourself as shooter, bet on another shooter to Pass or Don't Pass.

+10 Fear is the killer of will, and without will, there is no triumph. This place is crawling with nervous nellies who want to make a mint without ever experiencing even a minor drawdown or in some cases even a single losing trade ("Please tell me how to set the perfect stop! PLEEEZ!")...

Q: What’s another name for a long-term investment? A: A failed short-term investment! A study of economics usually reveals that the best time to buy anything was last year. An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. Q...

Well the OP did change his criterion in post #3. :p

+1

These days most working stiffs are involved in the stock market if no more than mutual funds in their 401Ks and IRAs. Many look to Cramer for advice. So just because someone who is probably not an active trader is passing along stock tips (and nobody said they have to be good stock tips)...

You can be against anything in this website no matter how popular so long as you don't go overboard. Surf went overboard with his anti-TA tirades, interrupting virtually every poster who so much as mentioned using TA for trading. That and maybe some vendor violation got him banned.

"You know we're at the top when your taxi driver (or dry cleaner, pizza guy, brother-in-law, etc.) starts giving you stock tips."

market wizard market guru 2% rule Kelly ratio / Kelly principle / Kelly criterion random entries Normal distribution Gaussian lognormal high probability trades

Also includes most misused words and phrases. I'll start. Holy Grail (my vote for most misused of all) edge Black Monday Black Tuesday Black Anyday Black Swan "It's a top!" "It's a bottom!" "Is this a top?" "Is this a bottom?" Fibonacci Gann Elliott Sharpe standard deviation...

Says who? Some featherweight "guru" who has no earthly clue how to right-size his trades so he takes the wussy way out? http://www.elitetrader.com/vb/showthread.php?t=279599

I should have put "obsessives" in quotes. That was the cynic's word. The proper word is focused.

I didn't make any breakthroughs in trading until I made it my primary focus. Since then I've made several. Pure BS. The losers are mostly mooks looking for shortcuts and other get-rich-quick gimmicks. The obsessives include those looking for fundamental relationships, either in demand versus...

http://www.elitetrader.com/vb/showthread.php?t=282886

You can only trade (through your broker) what is in your trading account so that is where you apply your trading fraction. If you wish to put all or most of your net worth in your trading account, that is your choice. But if you apply your Kelly fraction directly to a net worth that largely...

Doubt it. Chuck Norris was the Tae Kwon Do master and he only appeared in one Bruce Lee movie. :p (Fyi, Bruce Lee was a master of Wing Chun kung fu and a one-time Hong Kong fencing champ. He used those two martial arts as springboards to add other techniques to develop his own unique martial...