Day trading is losers game

cdcaveman · Jul 31, 2012

Quote from cornixforex:

LOL... Would be against ET rules to post it... But can be easily found, being equal to my username.

who is this "Suffusion theme by Sayontan Sinha" strip that out.. you do well at all with the advertising on your site... my friends wife does over 10 grand a month on this couponers unite site.. werid how people make so much blogging... i dated a girl for a while that put 250 in her saving account last year email marketing of all things..

cornix · Jul 31, 2012

Quote from cdcaveman:

who is this "Suffusion theme by Sayontan Sinha" strip that out.. you do well at all with the advertising on your site... my friends wife does over 10 grand a month on this couponers unite site.. werid how people make so much blogging... i dated a girl for a while that put 250 in her saving account last year email marketing of all things..

Ha, just template designer, it's fair to give him credit.

Advertising pays just for hosting, no intention to make it serious source of income, rather to have a place to discuss trading under my own rules, not being obligated to obey someone else's.

cdcaveman · Jul 31, 2012

Quote from cornixforex:

Ha, just template designer, it's fair to give him credit.

Advertising pays just for hosting, no intention to make it serious source of income, rather to have a place to discuss trading under my own rules, not being obligated to obey someone else's.

true.. well i'm doing something simliar soon.. i need to a little more logging of my trades.. i've always thought of constructing a trading journal app with some analytics.. but i just have't had the time to dig into it.. but i definitly need to log my own trades.. and i was working in excel with some stuff that i'm going to be inserting into a DB and what i was thinking was mapping it to charts on my blog that update on a continuous basis.. you know stuff i come up with rather then just your off the shelf crap.. i like messing around with web apps and programming so i do it for fun.. plus like you i don't always like obeying the rules

cornix · Jul 31, 2012

Quote from cdcaveman:

true.. well i'm doing something simliar soon.. i need to a little more logging of my trades.. i've always thought of constructing a trading journal app with some analytics.. but i just have't had the time to dig into it.. but i definitly need to log my own trades.. and i was working in excel with some stuff that i'm going to be inserting into a DB and what i was thinking was mapping it to charts on my blog that update on a continuous basis.. you know stuff i come up with rather then just your off the shelf crap.. i like messing around with web apps and programming so i do it for fun.. plus like you i don't always like obeying the rules

Yeah, planning to throw in some s/w to produce automated track record so that people could follow it...

cdcaveman · Jul 31, 2012

Quote from cornixforex:

Yeah, planning to throw in some s/w to produce automated track record so that people could follow it...

oh yeah.. you blowing up over there.. killing it.. ready to show off? haha

cornix · Jul 31, 2012

Quote from cdcaveman:

oh yeah.. you blowing up over there.. killing it.. ready to show off? haha

LOL... No, really my goal is not being a guru or feel "cool"... Some people helped me a lot in past... for free. So I have to "pass what you have learnt" (c) Yoda.

cdcaveman · Jul 31, 2012

Quote from cornixforex:

LOL... No, really my goal is not being a guru or feel "cool"... Some people helped me a lot in past... for free. So I have to "pass what you have learnt" (c) Yoda.

You know thats good to hear.... So many sharks out there looking for traders money... its so annoying.. friendships/relationships pay the best in so many ways anyways.... friends will cut you in on the truth and share proprietory crap etc etc.... while all the sharks try to cut your throat with it

cornix · Jul 31, 2012

Quote from cdcaveman:

You know thats good to hear.... So many sharks out there looking for traders money... its so annoying.. friendships/relationships pay the best in so many ways anyways.... friends will cut you in on the truth and share proprietory crap etc etc.... while all the sharks try to cut your throat with it

One of the main truths I have learnt is there is literally no "proprietary" stuff in discretionary trading. All is in front of eyes, everything needed is just some help from someone to push you to deliberately practice and keep doing it until you succeed.

Real proprietary stuff, such as working quant models is either never sold or is... as you said: crap and not something that works.

cdcaveman · Jul 31, 2012

So true so true do you have any favorite authors.... i get so frustrated with forex on a side note.. I seem to always bet the wrong direction... I feel like its a slippery snake i can sometimes put my hands on but then i never really get a hold of it

cornix · Jul 31, 2012

Quote from cdcaveman:

So true so true do you have any favorite authors.... i get so frustrated with forex on a side note.. I seem to always bet the wrong direction... I feel like its a slippery snake i can sometimes put my hands on but then i never really get a hold of it

Never read anything particularly related to forex, besides Cornelius Lucas (forgot the exact name, "Trading the Currency Market" or like that). But that book is more of a descriptive nature than actual guide for a trader.

My stuff is based on... Edwards & Magee (who could have guessed, considering it's mainly TA, ha) and Vic Sperandeo who's great in explaining both fundamentals driving markets and technicals... His books written decades ago are still as applicable to reality as now.

Some Al Brooks probably could be used too, but he's WAY HARD to read (can severely damage one's brain I believe, lol). Very detailed, though, but I would say Edwards & Magee + Sperandeo would build a good base for any TA trader already, at least to start constructively working on your own methodology.