coments on david landry trading style

Dave,

An important question here to establish your "street cred"--how much can you bench?

Also, is it true that TM is negotiating to add MrMarket as a columnist? He had 25 consecutive winners then disappeared, possibly the result of a tragic accident in the weight room.
 
Quote from DaveLandry:



I'm assuming you're getting your "sales rank" from amazon.
The book sells for 20% less on www.mgordonpub.com (the publisher) and other places on the web. So people are buying it elsewhere (I haven't checked lately, but there used to be links on Amazon itself for cheaper places). It was the publisher's number 1 selling book for the first two years after it was published and continues to sell okay for a book that was written nearly 3-years ago. It was just re-published in Italian and Russian. There is a possibility that it will also be published in German. The publisher is obviously pleased. This is why they asked me to do a follow up. I think we have beat this issue to death.

Now can we talk about trading?
Dave
More...

Yes, let's do. Some questions:

1. C'mon dude, dig deeper. Phoenix is on to something here.

2. Is your style an amalgamation of Cooper / Connors / Raschke?

3. Are you the only guy with the nuts to put a picture of himself on a TA book?

4. Is it insanely weird to name a Web site after yourself?

Wait, I'm in error here. George Soros posed for the cover of his book Alchemy of Finance. Is there an implicit net worth requirement here before one attains the privilege of flashing a shit-eating grin on a book cover?
 
Quote from AAAintheBeltway:

Dave,

An important question here to establish your "street cred"--how much can you bench?

Also, is it true that TM is negotiating to add MrMarket as a columnist? He had 25 consecutive winners then disappeared, possibly the result of a tragic accident in the weight room.
More...

I'm pretty much a whimp. I could never bench much more than my weight. I'm 230 now and know I couldn't do that in my present state of physical shape. I have a gym in the back of my office that collects dust. Thanks for the reminder. I guess I better get in shape if I am to hang with you guys.

Never heard of Mr.Market.

Dave
 
Quote from PoundTheRock:



Yes, let's do. Some questions:

1. C'mon dude, dig deeper. Phoenix is on to something here.

2. Is your style an amalgamation of Cooper / Connors / Raschke?

3. Are you the only guy with the nuts to put a picture of himself on a TA book?

4. Is it insanely weird to name a Web site after yourself?

Wait, I'm in error here. George Soros posed for the cover of his book Alchemy of Finance. Is there an implicit net worth requirement here before one attains the privilege of flashing a shit-eating grin on a book cover?
More...

2. I definitely was influenced by all the people you mentioned.
I have a straightforward approach. Essentially, I look for trend and a place to enter it. That's it. Except for a few market timing systems, I essentially don't play reversals. There are transitional patterns that I follow but these can be characterized more as "first pullback" type setups.

3. I have a few books over here the the "mugs" of people on them. So I wasn't the first. BTW, what does this have to do with trading?

4. Again, what does this have to do with trading?

Dave
 
Quote from DaveLandry:



I do. Yes, I recently had a lenghtly discussion with a fellow trader discussing the psychological side of money management vs. the conceptual.

I belive you have to find something that works both psychologically and conceptually. In other words, something that is conceptually correct that also fits your psyche.

From a psychological standpoint, I like getting the stop to breakeven and taking partial profits when the initial risk is covered. This way, barring overnight gaps, your costs are covered and you have a chance at a "free ride" on the remainder---i.e. a potential for a homerun. psychologically, this is a great place to be.

Yes, this is only a 1 to 1 relationship (on the first loaf). And, on the surface, has the potential to have a negative expectency. However, the real pay off is in the 2x, 3x or ??X (in theory unlimited) profits on the remaining shares (my goal on each swing trade is to turn it into a longer-term trend trade). You can also "beat" the system by taking profits shy of the 1 for 1 in poor market conditions (e.g. when things are reversing)---on the flip side, when things are really moving, you can let the first loaf ride for more than 1x.

If desired, email me and I can I can parse out slides that I have from a presentation/video that covers the discretion involved to help improve performance of this basic money management.

I can also check tradingmarkets archives and convert anything relevant to PDF for you.
Let me know.
Dave
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Dave,

I know nothing about your entries, but your exits make a lot of sense ot me.

Regards,

Thunderdog
 
dave - do you have a preference for trading stocks which comprise parts of the indices (whether DIA/NDX/SPX, or part of the RUT) or ones not in there? it seems that often your articles on TM have stocks which have a good volume, but aren't the 'everyone knows them' stocks.

though i'm not a trend following moron (my preferred method works much shorter term, and in a small niche area), it seems that individuals would have much better returns by competing in a pond that doesn't have the top institutional traders and top scalpers all playing around at once.
 
Quote from gaj:

dave - do you have a preference for trading stocks which comprise parts of the indices (whether DIA/NDX/SPX, or part of the RUT) or ones not in there? it seems that often your articles on TM have stocks which have a good volume, but aren't the 'everyone knows them' stocks.

though i'm not a trend following moron (my preferred method works much shorter term, and in a small niche area), it seems that individuals would have much better returns by competing in a pond that doesn't have the top institutional traders and top scalpers all playing around at once.
More...

I'll trade any stock where I like the setup pattern, but yes, less "thick" stocks cna offer more opportunity. I usually like to look at stocks with average volume around 500k. Less than that and it can get a little dicey.

I tend to agree with you. "Thicker" stocks are more efficient and tougher to trade....

Dave
 
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