25 Rules of Trading Discipline

Quote from Joe Doaks:

Au contraire. I am a recreational trader well-known here as a one-lot-piker. I scalp NQ every day to make enough money to buy 2-3 bottles of Gloria and to keep the wife from making me fill out an application to be a WallyMart greeter. It's EASY to make a little. What's HARD is to make a lot. Fortunately I don't need the fucking money. If I made more I'd just drink more. Oh, and BTW, you don't need 25 fucking rules. The usual four will suffice.
Doakes, one of the idiot puppets of High Potty Miss - a complete fucking crank.
 
Quote from ZAL:

Markets whose participants are 50% Hedgers (producers and users) are easier to trade. They are more consistent and predictable than markets whose participants are primarilly speculators (like the equity indexes).

Support and resistance levels (high volume and low volume numbers) typically hold to within a tic in a hedged market like the 30-Year Bond.
Are you aware of a list that ranks markets by their hedge vs speculative volume? I checked the most recent COT report, and the S&P shows about the same percentage of OI held by commercial traders as the 10 year and 30 year. But that says nothing of the source of intraday volume. Thanks ZAL.
 
Quote from eagle:

Most important:
6
23
10

Less important:
3
18
24



Interesting......thanks Eagle

I'd love to get 100 ET Members to vote. It could be a great study. More votes please.
 
Quote from rdg:

Are you aware of a list that ranks markets by their hedge vs speculative volume? I checked the most recent COT report, and the S&P shows about the same percentage of OI held by commercial traders as the 10 year and 30 year. But that says nothing of the source of intraday volume. Thanks ZAL.


I am not aware of any lists. However, I did say in an earlier post that using our TradeMaven Institutional Volume Filter one can filter out the smaller traders (speculators) data and look only at instituional traders and their actvity on an intra day basis.
 
Quote from fluttrader:

ZAL,




Why not create a poll ?


That's what I'm doing. I'm tracking every vote on Excel. Once everyone has voted I'll submit the resluts.
 
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