En Anglais, si vous plait.
Becoming the Top Trader
- Thread starter OnGoing
- Start date
En Anglais, si vous plait.
Grob,
Wow, that was direct. Could you expand on this? I understand if you don't, as this may not be your style. Plus I do not want to set you up for the flaming to follow.
But what I think you mean is that he cannot be reactive to the "changing character" that the market constantly presents with his mindset. The "chameleon like" traits needed to FORESEE the upcoming movement based on reading what the market is doing now rather than his historcal approach could be learned though, couldn't it?
Michael B.
Wow, that was direct. Could you expand on this? I understand if you don't, as this may not be your style. Plus I do not want to set you up for the flaming to follow.
But what I think you mean is that he cannot be reactive to the "changing character" that the market constantly presents with his mindset. The "chameleon like" traits needed to FORESEE the upcoming movement based on reading what the market is doing now rather than his historcal approach could be learned though, couldn't it?
Michael B.
So where is the challenge in that? Have you ever had a million dollars?
Michael B.
Michael B.
Quote from mark1:
If I were you I'd invest my million dollars in something not to risky with an average yearly return of 15%, rent a beach front villa with pool in a caribbean island and forget about the rest of the world and trading.
I am a latecomer to this thread. I just completed reading through it. I agree with some and disagree with the others and I respect a few contributors here in this thread.
One thing that sticks out, was the systems trading advice. Try to pursue this way. You see, the battle is to find out what works for you. It's simply not to find out what makes the most money. You must start somewhere and build. Some never get to step one.
Now to be a professional discretionary trader. I do not know how as I am not one. I have a lot of respect for them, but they can blow up too.
IMHO, to be consistantly profitable and to be able to bracket in the roller coaster lifestyle with managable frames and remain discretionary would be most challenging. If you want to go that route perhaps you need to be born with that talent, I simply do not know.
Michael B.
One thing that sticks out, was the systems trading advice. Try to pursue this way. You see, the battle is to find out what works for you. It's simply not to find out what makes the most money. You must start somewhere and build. Some never get to step one.
Now to be a professional discretionary trader. I do not know how as I am not one. I have a lot of respect for them, but they can blow up too.
IMHO, to be consistantly profitable and to be able to bracket in the roller coaster lifestyle with managable frames and remain discretionary would be most challenging. If you want to go that route perhaps you need to be born with that talent, I simply do not know.
Michael B.
It is not "Grob" style. I have never seen him post without thinking. He is controversial here in ET, but IMHO is a good read.
Michael B.
P.S. Now, I am not saying that Grob is an almighty guru, but he is expert at this very subject he is talking to you about. caveat, read each word of his post to you, and do not put anything else into it. He phrased his words carefully and read it with care. And no I am not a "Grob" alias.
Michael B.
P.S. Now, I am not saying that Grob is an almighty guru, but he is expert at this very subject he is talking to you about. caveat, read each word of his post to you, and do not put anything else into it. He phrased his words carefully and read it with care. And no I am not a "Grob" alias.
Well, one example might be to notice volume and then see what the price reaction is to it. This would be a totally different approach, compared to your portfolio allocation strategy.
Michael B.
P.S. But again Grob is better at that than I.
Michael B.
P.S. But again Grob is better at that than I.
Over the years I have traded more systems than I have fingers. For a short time, I traded full time for a living trading OPM and my own. All at once I have traded 4 fingers in the Bonds, ES and NQ . I now trade options and sector trading in equities and looking for an automated system to scalp/swing/position trade the YM. I really do not have a preference as to the number of trades. I need automation because I work at a day job during the trading day, and I would need someone to monitor it.
Michael B.
P.S. The reason I recommended to Ongoing system trading was to motivate him to start there and learn what he likes. He seemed rather thoughtful in his posting style and I thought he might be a good systems trader. But I am not expert in people and what it takes to be a discretionary trader, so I could be wrong.
Michael B.
P.S. The reason I recommended to Ongoing system trading was to motivate him to start there and learn what he likes. He seemed rather thoughtful in his posting style and I thought he might be a good systems trader. But I am not expert in people and what it takes to be a discretionary trader, so I could be wrong.