7 tips to be a good trader

Quote from fortuna:

FOURTH HINT

If you really want to make some money, I know one real way to do it: ie ride a strong trend based on a fundamental vision.
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I know another sure way to make consistent money - by bying low and selling high.
 
Quote from fortuna:

Hello everybody,

I am a French trader and even if French must not be regarded very well recently :p , I enjoy reading threads at elitetrader.

As I learnt a lot from others, I 'd like to give a few hints to starters or also making contact with good traders.

I am a proprietary trader in a Swiss bank specialized in equity derivatives trading and managing quite a lot of money since a few years.


My first real hint is if you do some intraday , just play the pivot/fibo with past statistics telling which point will be be rather a reversal or a breakout. Mix these pivots with 5 minutes graph with 60 moving average. Don't underestimate what I just wrote, it is enough to make a trader's career.

My second real hint is buy low delta options. You will lose them 90% or even 99% of the time, but rare events happen more than you think and these options will make the difference with others once a year. (I make half my money with consistent and regular high probability strategies and the other half in 1 hour with rare events: thanks to Mr Taleb)

If that interest some, I will go on for more

Bibibibibibibi


Julien
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Thanks for sharing your tips, which i think make a lot of sense. As for your being French, most Americans have nothing against the French as individuals. Sometimes your government makes us crazy, but then I am certain our government makes you crazy as well. In fact, it makes us crazy.
 
Some prefer "buy high and sell higher". It gives you more smaller wins, but less hits. "buy low and sell high" will whipsaw you more, but give you some larger wins.
Quote from gkishot:

I know another sure way to make consistent money - by bying low and selling high.
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Bonjour Fortuna.

Read the first two books, read Teleb three times since I found it so entertaining.




PS - I live in France (Alpes Maritimes) but am British. France is one of the best places in the world in which to live, in my humble opinion.
 
It is close to closing time on my 29th birthday. One of my brother's friends who is a native Brazillian, travels back in forth to Brazil, jobless, and has a $0.65 M house in Atlanta suggests that we go to the grease stand. I can't stand this guy normally, but I'm pretty loose from the free flowing booze. His buddy who I also can't stand, shows up on cue and drives us from the Buckhead bar to the Goldfish stand. The Brazillian guy pulls a salt shaker filled with powder- not salt- and pours huge amounts (15 grams?) on my Goldfish burgers. It flows out as a powder not a grainy salt. They then practically force me to eat both. I get away with only eating one somehow. I'm dropped off at my apt. I am having a physical reaction and need help being dropped off. I start vomiting and having diarrhea at the same time. At this time, I am by myself. I have overdose symptoms from either cocaine, crystal meth or some other stimulant (I don't use illegal drugs). My heart is beating a million times a minute. I'm sweating. I have violent dry heaves. I'm having breathing problems, and I can't stand up. Somehow I get into the shower and turn it on full on cold and am still sweating. Somehow I live. Somehow the Atlanta pd brush these claims aside (perhaps because I am in a state of shock and don't consult with them for several weeks).

Anyone who needs some llello in Atlanta should get in touch with Carlos Soares or Jeff Cudd.
 
Trendymohawk, I'd like to see this site relay professional info. Time is valuable and I'd rather not see your story in this forum. Use the "rants and raves" section on Craigslist if you wish to relay this type of info.
 
Quote from TrendyMohawk:

It is close to closing time on my 29th birthday. One of my brother's friends who is a native Brazillian, travels back in forth to Brazil, jobless, and has a $0.65 M house in Atlanta suggests that we go to the grease stand. I can't stand this guy normally, but I'm pretty loose from the free flowing booze. His buddy who I also can't stand, shows up on cue and drives us from the Buckhead bar to the Goldfish stand. The Brazillian guy pulls a salt shaker filled with powder- not salt- and pours huge amounts (15 grams?) on my Goldfish burgers. It flows out as a powder not a grainy salt. They then practically force me to eat both. I get away with only eating one somehow. I'm dropped off at my apt. I am having a physical reaction and need help being dropped off. I start vomiting and having diarrhea at the same time. At this time, I am by myself. I have overdose symptoms from either cocaine, crystal meth or some other stimulant (I don't use illegal drugs). My heart is beating a million times a minute. I'm sweating. I have violent dry heaves. I'm having breathing problems, and I can't stand up. Somehow I get into the shower and turn it on full on cold and am still sweating. Somehow I live. Somehow the Atlanta pd brush these claims aside (perhaps because I am in a state of shock and don't consult with them for several weeks).

Anyone who needs some llello in Atlanta should get in touch with Carlos Soares or Jeff Cudd.
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:D :D :D :D :D
 
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