ES Journal Archive (2006 - 2008)

[[K2]]

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[dmartin]

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Quote from wave:

The crowd is most enthusiastic and optimistic when it should be cautious and prudent, and it is most fearful when it should be bold.

Most will lose at this game because of psychological factors not analytical ones. They personalize the market and their positions.
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Quote from "Humphrey Neill's Theory of Contrary Opinion"

 

[wave]

Quote from dmartin:

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Quote from wave:

The crowd is most enthusiastic and optimistic when it should be cautious and prudent, and it is most fearful when it should be bold.

Most will lose at this game because of psychological factors not analytical ones. They personalize the market and their positions.
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Quote from "Humphrey Neill's Theory of Contrary Opinion"

Yes! We have a winner!

 

[apex82]

Quote from [K2]:


How about posting your blotters instead of saying "I got short on the high tick of the day" damn I'm good. Let me pat myself on the back again.
"Damn I love these internet board rooms so I can show all my internet friends how good I am'.

This board is an outlet to share my views, trades and also look back in the past on what I was looking at and how I felt about the market at any point in time. Trading is an isolating career and this thread is a great place to get insight on other methodologies and different ways of looking at the market.

 

[wave]

Does anyone know in what book that was cited in? Probably the best book you will ever read on trading. The wonderful gentleman who wrote it was killed in the Sept 11th WTC attacks.

 

[[K2]]

Fair enough. I was being a little harsh.

Yes trading can be isolating if you trade from home.

Quote from apex82:

This board is an outlet to share my views, trades and also look back in the past on what I was looking at and how I felt about the market at any point in time. Trading is an isolating career and this thread is a great place to get insight on other methodologies and different ways of looking at the market.

 

[BoyBrutus]

Thought for the day

Quote from vulture:



I still say the Oct, 1998 spike was the most lethal I have ever seen...5 minutes after the bond market close, one day before options expiration, in the midst of rumors of LTCM insolvency, Russian devaluation, Asian "contagion", and the market never looked back after that...But that was one crazy final hour, and at that time somewhat unprecendented...That set the stage for so many of these intra-day spikes following that day

Market went up about 5% that day and setup the entire final move higher into 2000.

 

[Spectre2007]

awesome market, will buy any retraces.

 

[Jaxon]

Quote from apex82:

Trading is an isolating career and this thread is a great place to get insight on other methodologies and different ways of looking at the market.

Exactly! My guess is most (but not all) of the participants in this thread are trading by themselves, most at home, maybe some have an office, still solo. If you are in a trading room with 10 other traders to talk to about the market and your trade ideas chances are you don't need this internet thread.

I have seen the occasional end-of-day-I bought-the-lows-and sold-the-highs type of post, but not from apex. His posts are usually in realtime or at least timely enough so that if you wanted to you could go along within 1/2 tic. He also has quite a few "stopped out" posts. I consider myself a huge beneficiary of his need for some virtual human contact!

Equally important I consider this thread a refuge from the pissing and backbiting that goes on in many other threads on ET.

 

[wave]

He also has quite a few "stopped out" posts.

That's what makes him a winner and thus a trader. Small losses and lots of profits.