Engineer looking to make a career change into trading (PART II)

Quote from Maverick74:

Wow, no one has ever tried that strategy before. Good luck!


Well, actually, every state lottery uses that strategy. It works for them. :eek:
 
Quote from sneakoner:

hey ammo,

i haven't done it yet but its definitely on my to-do list. i've been getting a ton of recommendations in many different directions about how to proceed including designing, developing, optimizing and backtesting different trading strategies. people have also recommended different books, websites, training videos, etc.

right now i've been reading through alot of acrary's old threads and posts and learning his methods. also on my list is to read:

http://www.amazon.com/Reading-Price-Charts-Bar-Technical/dp/0470443952

and

http://www.amazon.com/New-Trading-S...=sr_1_1?s=books&ie=UTF8&qid=1307304154&sr=1-1

ammo - i don't know if asked you this but are you purely a discretionary trader, one that monitors the charts and enters and exits by hand. or do you incorporate mechanical trading systems & algorithms to automate your trades?
totally dicretionary,...you need to learn to chart and watch it react at s/r and in between ,then look for the why's,if you dismantled a little briggs and straton engine by hand and then tried to reassemble,finding you could not,you look in the manual,you would have a much better idea of what the manual was talking about,or in your case an hvac unit
 
Quote from ammo:

totally dicretionary,...you need to learn to chart and watch it react at s/r and in between ,then look for the why's,if you dismantled a little briggs and straton engine by hand and then tried to reassemble,finding you could not,you look in the manual,you would have a much better idea of what the manual was talking about,or in your case an hvac unit

lol nice analogy, thanks

did you ever trade using this method:

http://ensign.editme.com/virginpoc
 
i use his vpoc's no keltners or macd,histograms,then i use uvol/dvol djt and a leading stock or financial instument ,you would be surprised after a certain amount of repetition and knowledge of each personality your watching,djt and eurusd are both sloppy at resistance often going thru it and coming back under ,how well your feel becomes,...when i you don't have it, don;t trade,or at least try not to
 
It's tough for people who are beginners who need the valuable information on learning in trading: you can't trust anyone, from my experience, of all the hundreds of books I studied, courses I took, seminars I attended, webinars I watched, and people I talked to, only two persons turned out to be helpful, to me, everything else are from garbage to out-right lies. Whom do you trust?

In a sense, ET is the worst place to ask for advice: ET has hundreds of thousands of registered users, you could get thousand answers from thousand people, each believes they have the answer, these are not the people who want to mislead you or lie to you, but you will also get the human scums who will prey on you and lie to you in order to get the money from your pockets.

It usually take years before one finally stumbled into an answer that is applicable to his/her circumstance, but often he/she had already been so badly damaged by the negative experience/conditioning that he/she would not be able to get ride of the negative believes and conditionings.

Obviously you cannot trust anything I wrote here, even if I said I have the answers and I am a consistently profitable trader, you have no way of knowing if I am telling the truth.

I hope you can get a hint from this, and THINK on your own! consider every answer you get here as a LIE! until you can prove it otherwise.
 
Quote from ucf_student:

Engineers are often poor traders. Why? They want to measure and understand everything in precise terms.

What a petty, generalized value statement. Quite the opposite of my real-world experience as a trader in terms of engineers whom I personally know who are traders. Including myself.
 
ucf student -

Nassim Taleb says the same thing about financial engineers - they'll sit there and run their model off a cliff because "the model should work"
 
Quote from nukethewhales31:

your passionate about placing orders when squiggly lines cross other squiggly lines? thats the career you have passion for?

Lol! Good post! I also loved the "I have time to read books, etc., while I'm 'working' comment by mr. engineer. Every company needs "productive" employees like that. Lol!

My Dad and Sister are BOTH Chemical Engineers. The most anal retentive, hard to teach people I have ever met. When I meet someone who says, "I'm an engineer," I run away like my arse is on fire. I'd seriously rather eat glass than have a 2 minute conversation with the average engineer. I have to say, if the average engineer can get up in the morning, take a piss, tie their shoes, AND find their way to work, I'm totally amazed! I used to think physicians were assholes until having conversations with engineers...

One thing ET members need to know is the difference between God and an engineer is God doesn't think he's an engineer...
 
Quote from uesr33:

It's tough for people who are beginners who need the valuable information on learning in trading: you can't trust anyone, from my experience, of all the hundreds of books I studied, courses I took, seminars I attended, webinars I watched, and people I talked to, only two persons turned out to be helpful, to me, everything else are from garbage to out-right lies. Whom do you trust?

In a sense, ET is the worst place to ask for advice: ET has hundreds of thousands of registered users, you could get thousand answers from thousand people, each believes they have the answer, these are not the people who want to mislead you or lie to you, but you will also get the human scums who will prey on you and lie to you in order to get the money from your pockets.

It usually take years before one finally stumbled into an answer that is applicable to his/her circumstance, but often he/she had already been so badly damaged by the negative experience/conditioning that he/she would not be able to get ride of the negative believes and conditionings.

Obviously you cannot trust anything I wrote here, even if I said I have the answers and I am a consistently profitable trader, you have no way of knowing if I am telling the truth.

I hope you can get a hint from this, and THINK on your own! consider every answer you get here as a LIE! until you can prove it otherwise.

lol nicely stated, i have learned alot from the ideas bounced around ni ET...

some of the more useful members i found were:

acrary
no pm please
nodoji
40yotrader

just to name a few
 
Quote from LEAPup:

My Dad and Sister are BOTH Chemical Engineers. The most anal retentive, hard to teach people I have ever met. When I meet someone who says, "I'm an engineer," I run away like my arse is on fire.

One thing ET members need to know is the difference between God and an engineer is God doesn't think he's an engineer...

lol well i'm not a very successful engineer

but in all honesty, engineering has just taught me how to think and how to work hard and figure out difficult concepts.

it hasn't forced me to think in terms of absolutes,

even in my field, if you're off by 10%, 20%, you're fine
 
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