... but is it doable in reality ?

[mikeriley]

As a pure price action trader (no indicators or volume)
I really enjoyed your commentary with these charts.

I did find your statement concerning David Tepper's assessment of the markets curious.
Mr Tepper may not see any great asset classes. Yet every day I use a parabolic move strategy
gleaning a $8 to $20 move almost everyday in the market. There's still great money
to be made in the market.

I enjoyed your comments concerning Mr Buffet also. What I did find odd are Mr Buffet's past derogatory statements concerning BTC. Yet many of us paid off our mortgage on it's gains. Unfortunately some of the old school (Charlie Munger included) are under the assumption
unless you can read a financial statement, then an asset has no value.

In my understanding, real value is not based on a financial statement, but on simply 2 or more people willing to exchange something that they BELIEVE is of value. In the past many nations and cultures used many simple objects as a value of exchange. Like the tally sticks. Value is really a personal decision. And hence BTC rise to fame.

Appreciate your writings.

 

[janbillian]

As a pure price action trader (no indicators or volume)
I really enjoyed your commentary with these charts.

I did find your statement concerning David Tepper's assessment of the markets curious.
Mr Tepper may not see any great asset classes. Yet every day I use a parabolic move strategy
gleaning a $8 to $20 move almost everyday in the market. There's still great money
to be made in the market.
....

Appreciate your writings.

If you have found a way to earn good money from price moves, that's great.

Be aware though of the fact that David Tepper is a multibillionaire, it is very difficult for him to invest / profit from short term moves because he has to invest 70 million bucks or more (around 1% of his equity would be in this ballpark), that sum alone would move the price in relatively illiquid securities.

I'd love to learn more about your parabolic move strategy, via pm or here for all to read in the thread.

And ... thanks for the kind words !

 

[mikeriley]

Hi Janbillian, I decided to make a thread on the Parabolic strategy.
It's really a very old strategy, but I've found much value with it.

https://www.elitetrader.com/et/threads/time-is-money.363944/

 

[janbillian]

I think the case for possibly shorting Tesla (TSLA) shares has to be buried with Andrew Law, Caxton capital allocator in chief, having joined the bandwagon, he has built up a big position in the company last year, 2021, I estimate his average purchasing price must have been around 600 - 700 US$.

https://hedgefollow.com/funds/Caxton+Associates

 

[padutrader]

As a pure price action trader (no indicators or volume)
I really enjoyed your commentary with these charts.

I did find your statement concerning David Tepper's assessment of the markets curious.
Mr Tepper may not see any great asset classes. Yet every day I use a parabolic move strategy
gleaning a $8 to $20 move almost everyday in the market. There's still great money
to be made in the market.

I enjoyed your comments concerning Mr Buffet also. What I did find odd are Mr Buffet's past derogatory statements concerning BTC. Yet many of us paid off our mortgage on it's gains. Unfortunately some of the old school (Charlie Munger included) are under the assumption
unless you can read a financial statement, then an asset has no value.

In my understanding, real value is not based on a financial statement, but on simply 2 or more people willing to exchange something that they BELIEVE is of value. In the past many nations and cultures used many simple objects as a value of exchange. Like the tally sticks. Value is really a personal decision. And hence BTC rise to fame.

Appreciate your writings.

bitcoin the most useless thing on this earth......no self respecting fund manger buys it, no companies buy it,...no government buys it.......so that makes it the beat investment on this earth.

if no one buys it they cant sell it and as it goes up there will be no supply......there are two kinds of supply : immediate supply and latent supply....the latter is a bigger threat

 

[padutrader]

Unfortunately some of the old school (Charlie Munger included) are under the assumption
unless you can read a financial statement, then an asset has no value.

that is not true

how do you invest in commodities like copper?...buy 100000 million tons ? the only practical way is to use futures and i do not think Buffet knows what a future is.

 

[padutrader]

Unfortunately some of the old school (Charlie Munger included) are under the assumption
unless you can read a financial statement, then an asset has no value.

be that as it may Buffet has done pretty well for himself.
i do not believe in telling people what they should do...........also i do not tell markets what they should do.

 

[padutrader]

your writings are very well analyzed -which is good for investments.

but what is right for investments is poison for day trading /short term trading.

95% of people lose in trading because they are way over qualified.

they think analyze

a moron can make money in trading.

in fact a ONLY a moron can make money.

Think like a moron: a moron does not think

a dog looks at moon and barks at it.

a man looks at moon and says why should it be there? according to NASA and Galileo , it should be over there.

this is called intelligence by mankind

 

[Overnight]

...

a dog looks at moon and barks at it...

Dogs don't bark at the moon, dude.

 

[ph1l]

how do you invest in commodities like copper?...buy 100000 million tons ? the only practical way is to use futures

Also