Exactly. Option trading is like a chess game; it has unlimited amount of winning strategies and you choose one that is most appropriate for your current opponent (i.e. market conditions). There is no fixed strategy, however, that will guarantee you success. You need to adopt your strategies...
Happy New Year to you too! The distance between those lines is calculated using Fibonacci numbers. The middle line is a cubic spline function and the channels are fibs. And no it just looks the same as your normal Bollinger bands or something similar. Those are totally different lines. It's all...
"My major hobby is teasing people who take themselves & the quality of their knowledge too seriously & those who donât have the guts to sometimes say: I donât knowâ¦."
Nassim Nicholas Taleb
You got it! Yes, in broad strokes my entries are more or less random, but they follow a stable distribution pattern. There is a huge difference between "random" and "normally distributed". But, I guess, the knowledge of this sort is optional to you.
Would it kill you to read a few books? If you toss a coin and it landed 12 times in a row "heads up" does it mean the coin tossing game is not random and/or you are in a "head trend"? Education, my friend, is a virtue.
And, BTW, the way the Fibonacci numbers are usually used for trading is completely idiotic! I use Fibs all the time, but not as the "retracement" lines on the chart.
Do the seeds of a sunflower grow forming the Fibonacci spiral? Yes, of course. Can one predict where exactly each seed will be located in the plant? NO! There is a huge misunderstanding between stable stochastic patterns and the ability to predict the outcome of a random event. Everything...
Merry Christmas!
From the bottom of my heart I wish you all health, the great success and prosperity in 2009! Please give my warmest regards to your families! NEVER GIVE UP! NEVER SURRENDER! I am shutting down till the January the 5th so should you! Take a rest, reflect and spend some time...
That is exactly why I don't post here on ET anymore. Unlike many others "I don't need the validation from the lesser minds!" (Sheldon Cooper from the Big Bang Theory, CBS show). No matter what you say here (trying to help and share) turns into barking from the dumb asses. No point. I like and...
Here are some statistics for you:
Years of active trading > 12
Total executed trades > 20,000
Average account size over 12 years > $1,000,000
Average monthly return > 10%
Losing months over 12 Years 2
Max Monthly Loss...
Easy Language has been developed by Samuel K. Tennis who was an original senior programmer for the System Writer released by Omega Research in late 80s. Later this language became a foundation for Trade Station. Easy Language is an offshoot of Pascal.