Day trading basics

[Handle123]

Would any vendor share his complete strategy, underlying principle, various perspectives, intuition, inspiration, experience, etc in a public forum ?

Your web page keeps looking more cheesy as time goes by and having such a web page, 99.9% of anyone sees it screams you are selling something, so what you selling?

And I Scalp "noise" each day, took me long time to be able to Scalp consistently whether ES, CL, QEC or just about anything else. There are brief time seconds of inaccurate data when compared to other data in which I call "noise" but any other trader trading longer term and waiting for continued push in their direction, this to them is a "lull" of time. Scalping, only information used is price and relationship to other prices in my boat, going for ticks doesn't have any business class to it.

Trading strats based on Business? That's funny cause these are emotional patterns that were first developed by human beings. Automated has just been able to apply numbers to emotions.

But noise is always there, you just have to be able to define it.

 

[viruscore1]

First, developing a successful strategy is TRULY a creative process, whether you accept yourself as a creative person or not.Second, you can always go beyond your conservative approach, safely and effectively, probably in near future.I guess you will agree that there is always a scope for improvement.Third, on behalf of Elitetraders community I wish you to grow with your creative imagination The meaning of "conservative" changes with time and creative insights. Earth was flat until Galileo said it is actually a globe.What is conservative for us today must become obsolete tomorrow. This the law of life.

apply whatever works for you and i will apply what works for me. I've been doing this for a long time. The only time(s) i ever lose $ is by taking advise from others. You lost all credibility when you mentioned Galileo. He was not the first to think the world is round.
My 7 yr old keeps singing - i throw my telescope in the air sometimes saying ayo i'm galileo ...

 

[rajesheck]

apply whatever works for you and i will apply what works for me. I've been doing this for a long time. The only time(s) i ever lose $ is by taking advise from others. You lost all credibility when you mentioned Galileo. He was not the first to think the world is round.
My 7 yr old keeps singing - i throw my telescope in the air sometimes saying ayo i'm galileo ...

I keep saying that a trader is successful means he got what it takes, whether he knows explicitly "what it takes" or implicitly. Majority of successful traders know it implicitly or subconsciously because only 99% of our mind is subconscious.

There are only two ways to become successful in trading. Either we must have natural trading skill or develop trading skill systematically.

Most of the traders who have natural trading skill have the skill implicitly which means they cannot explain it to others what it takes to be a successful trader.

A very few traders who have natural trading skill, manage to know explicitly or consciously what it takes. Such traders begin to communicate to others and the "paradox" is that even the other successful traders wont recognise what they are speaking because of the implicit nature of their skill.

Traders with natural trading skill and also "aware" of true basics of trading can help people who have passion to learn trading systematically.

I am aware of what i am doing and also aware of the paradox. Also if successful traders can bring their skill to conscious level then it will help them to make a major break through.

 

[rajesheck]

Your web page keeps looking more cheesy as time goes by and having such a web page, 99.9% of anyone sees it screams you are selling something, so what you selling?

And I Scalp "noise" each day, took me long time to be able to Scalp consistently whether ES, CL, QEC or just about anything else. There are brief time seconds of inaccurate data when compared to other data in which I call "noise" but any other trader trading longer term and waiting for continued push in their direction, this to them is a "lull" of time. Scalping, only information used is price and relationship to other prices in my boat, going for ticks doesn't have any business class to it.

Trading strats based on Business? That's funny cause these are emotional patterns that were first developed by human beings. Automated has just been able to apply numbers to emotions.

But noise is always there, you just have to be able to define it.

Sports coaching is one of my hobby. Coaching on sports, trading and philosophy are my passions.

The word noise sounds like less meaningful or unimportant. But the noise in the chart is a vital indicator. It is an important aspect of technical analysis. It helps scalpers, range bound traders and trend traders alike. So I voiced "there is no noise".

Scalping happens at three levels. Pattern based scalping, scalping within a range and scalping with the trend. I do trend trading and many a times end up scalping. This i call as trend based scalping.

Business is an art. Art means more of emotions than analysis.

Trading is an art of business psychology. It is a psychological or emotional skill.

If a trader is successful it means he has basic business skills whether he may agree or not. Most of the successful traders cant relate their skill as a business or psychological skill because 99% of our mind is subconscious. This is a paradox in trading and life.

Most of technical charts are based on averages/mean which does not make much sense to trading.

And automation done based on pure technical charts will be less efficient than manual trading.

Also I am not sure if there are automation platforms which allow to program based on a sequence of events like my principle based strategy which has a series of events.

 

[rajesheck]

Our true power is in our subconscious mind.

”An enormous portion of cognitive activity is non-conscious, figuratively speaking, it could be 99 percent; we probably will never know precisely how much is outside awareness.”
(Dr. Emmanuel Donchin, director of the Laboratory for Cognitive Psychophysiology at the University of Illinois).
(Quote from the Book : https://goo.gl/1SQ3cE)

The "suggestion" mentioned in the above book is commonly known as "affirmation".

My suggested affirmations to bring out the true potential within:
https://www.elitetrader.com/et/threads/day-trading-basics.305348/page-7#post-4382805

The above set of affirmations is to awaken the business attitude. For more specific goals use S.M.A.R.T goal setting.
http://www.wikihow.com/Practice-Subconscious-Mind-Power

 

[viruscore1]

I keep saying that a trader is successful means he got what it takes, whether he knows explicitly "what it takes" or implicitly. Majority of successful traders know it implicitly or subconsciously because only 99% of our mind is subconscious.

There are only two ways to become successful in trading. Either we must have natural trading skill or develop trading skill systematically.

Most of the traders who have natural trading skill have the skill implicitly which means they cannot explain it to others what it takes to be a successful trader.

A very few traders who have natural trading skill, manage to know explicitly or consciously what it takes. Such traders begin to communicate to others and the "paradox" is that even the other successful traders wont recognise what they are speaking because of the implicit nature of their skill.

Traders with natural trading skill and also "aware" of true basics of trading can help people who have passion to learn trading systematically.

I am aware of what i am doing and also aware of the paradox. Also if successful traders can bring their skill to conscious level then it will help them to make a major break through.

We all talk about trader noise. Well, you defined it!

 

[rajesheck]

We all talk about trader noise. Well, you defined it!

I acknowledge it.

There is Galileo sleeping in everyone. When a few of the Galileos wake up and speak it will be noisy disturbance to sleeping Galileos.

The very purpose of the awaken Galileos to speak is to disturb the sleep of other Galileos.

Of course awaken Galileos bare the snoring of sleeping Galileos gracefully.

Because a sleeping Galileo is still a respecful Galileo.

 

[viruscore1]

I acknowledge it.
There is Galileo sleeping in everyone. When a few of the Galileos wake up and speak it will be noisy disturbance to sleeping Galileos.
The very purpose of the awaken Galileos to speak is to disturb the sleep of other Galileos.
Of course awaken Galileos bare the snoring of sleeping Galileos gracefully.
Because a sleeping Galileo is still a respecful Galileo.

Think about all the theorist that failed. Hindsight is 20/20...

 

[viruscore1]

to rajesheck

 

[rajesheck]

An awaken Saint asked his disciples "You are sleeping with hundred others. One person woke up (awaken). How do you know that he has woke up?"

The disciples faces were lit with smile and sparkling answer.

Ask an "eminent" psychologist, psychiatrist or hypnotist. They will throw some light on awakening the subconscious power.

Or if possible attend a workshop based on Buddha or Zen awakening techniques. "Art of Living" is one among them. Google it to find the nearest workshop.

Or a workshop on ontology like www.landmarkworldwide.com

Before responding dare to do one of the above. Or quit.

I am not a theorist.