LOL... is this Charlie Sheen ?
Exact Science
- Thread starter outsource
- Start date
LOL... is this Charlie Sheen ?
Who makes surveying process?
There are many places in the linkages between your account and the market. Some are wilthin your broker's operation and others are "outside (regulatory and market operators.
For me, it has been colleagues of my account manager, assocted people at home offices of the brokerage, the operators of trading decsks and the SEC and the IRS. Today, in these times, IB's keep track of the performance of their clients and mostly concentrate on daily returns of the bigger accounts. there is some sampling of blocks size being tradered.
This information can come to you unexpectly in the form of phone calls where the phone number is the one listed on the account. Occasionally, deals are offered.
Recently I heard of a caller to one of my colleagues from as remote as another not traded market.
I would assume much is never known and, then, those people would be trying to reverse engineer or something. I think, from what I have heard that coattail trading is the major reason for the interst in the accounts.
Do you scale in or scale up, or both?
No, not directly. I constantly monitor my buying power to determine how many contracts are available for me to trade. I, like Jon Netto, for example, am all in. The principle I used for this is that the exponent of the compound interest formula is the most powerful variable in the formula.
You do not use limit orders,right?
Limit orders are only as good as where they are in the FIFO line up of limit orders. I use Market orders to be in front of all limit orders. This makes the spread on BBid/BAsk very inportant. As a rule, I only trade where there is liquidity and part of that is having the minimum spread in the market traded. This is easily measured by looking a the tick size on OTR charts.
My trading is according the the independent variable of markets which is event based Not time based. Since there are only two types of events, I do hold on "continue" type events and reversal on "change" type events. Each profit segment, in terms of events, beginns with change and the hold contniues with a series of uninterupted continue events and ends with a change event.
When point to point,LTL is more ''spikey'' on the short side,right?
Because, when the sentiment is long, RTL would be more ''spikey'', i think.
I can understand how your think from what you are saying. relating "spikeyness" to zones or regions of a chart is a good idea.
During a trend (long or short) enclosed by an RTL and an LTL involves sentiment on two levels: the over all sentiment of the trend and the setiment of each of the three moves within the trend. Note that these moves also have their personal rtl's and ltl's (I use lower case to differentiate the three moves within limits on each side of the move.
The best I can do is tell you where and when spikeyness occurs and when it doesn't. For lond trends the spikeyness is on the LTL turns. For short trends the spikeyness is on the LTL turns. Coming into the LTL the move is dominant meaning it is the same as the trend sentiment. Going away from the LTL the move is non dominant and the opposite of the trend sentiment. Dominant has an increasing volume character and non dominant has a decreasing volume character. The shift in dominance shows as a shift in volume behavior that is a big deal. Prices associated with this zone of volume character shift show up as spikeyness of price. As a consequence, the event of the volume character shift is measured as a leading indicator of price. I hopes this explanation makes things more explicit for you and your thinking.
And, do you use OTR as a pivot point?
Pivot points are determined by a CW formula. OTR is the name of a volume type price chart. I cannot make a connection between a formula and a type of price chart. Sorry.
Jack, if there wasn`t PRV, would it be any other possible substitution for it?
PRV's purpose is to call out the shift from the continuation event to the change event. You ask if PRV wasn't possible would there be something else to replace PRV and have the same purpose. There are many and their general description is the Holy Grail. I use 10 to 12 such signal generators. They are all listed, mostly as "tools" and always as code snippets. Monitoring and analysis of trends is the overlaying topic. This is NOT trend following which is a lagging and reactive CW orientation of the majority.
Take the tool DOM, for example. The signal generated is the WALL. A wall is a value on the DOM that cannot be consumed by T&S rate of trading before, on the opposite side of the market the ranked series of orders will be consummed. A WALL is a price value known in advance at which the price will approach and then reverse away from leaving a portion of the WALL's limit ordrs untraded and of no use to the person who placed the limit order in the FIFO list at a Wall price.
11 other examples I have posted can be found by searching. An example would be WIKI under MACD where, after I introduced the signal generator and its measure and WIKI then came into being, my commentary became the MACD citation in this new repository.
since I am 78 and have been trading an producing documents for 53 years, it just isn't possible for me to do the Details of every Q and A that comes along. I sought another alternative a suite of 5 books. At some point, the personal risks I am encountering eclipsed the possibility of giving away those books (The IRS has registered an objection as well since they have proven to themselves there must be an ulterior motive. They, among other items included all pages (over 100) of an ET thread under one of hypostomus's aliases as proof). So I gave up fighting city hall so to speak.
Oh Boy. I saw this thread come back up and I hesitated to check it-- could that old idiot be prattling on and on again with his gibberish and childish recollections peppered with nonsense talk... could we possibly be about to get another absurdest lecture that twitters out and ends without a stock pick.
Dear Jack you will forever be a piker. An old piker, who sits and dreams up stuff while others are actually working the market. I think when one is faced with the fact that they have no stock picking abilities they turn to " larger " questions like the general direction of the market and then still larger questions of past performance and why things happen in retrospect... never any forward thinking.
I showed this last bit of gobbligook laid here jack to some true traders, hedge fund traders who said it was like getting The New York Times a week late!
Let's cut to the wick you old tired man, shut up and give us three stock picks NOW.
Are you prepared for the challenge or will you shirk away in your wheelchair and roll over to some similarly inebriated poor soul and make up some big index cards?
JACK'S 3 TOP STOCK IDEAS BASED OFF HIS MAD METHODOLOGY OF ALWAYS TALKING AND NEVER BUYING ARE.....
1)
2)
3)
Fill in the blanks if you have the guts. I notice that your fear of committing funds to the market & actually trading something appears to be a fear you cannot overcome. I can help you with that.
Dear Jack you will forever be a piker. An old piker, who sits and dreams up stuff while others are actually working the market. I think when one is faced with the fact that they have no stock picking abilities they turn to " larger " questions like the general direction of the market and then still larger questions of past performance and why things happen in retrospect... never any forward thinking.
I showed this last bit of gobbligook laid here jack to some true traders, hedge fund traders who said it was like getting The New York Times a week late!
Let's cut to the wick you old tired man, shut up and give us three stock picks NOW.
Are you prepared for the challenge or will you shirk away in your wheelchair and roll over to some similarly inebriated poor soul and make up some big index cards?
JACK'S 3 TOP STOCK IDEAS BASED OFF HIS MAD METHODOLOGY OF ALWAYS TALKING AND NEVER BUYING ARE.....
1)
2)
3)
Fill in the blanks if you have the guts. I notice that your fear of committing funds to the market & actually trading something appears to be a fear you cannot overcome. I can help you with that.
JACK'S 3 TOP STOCK IDEAS BASED OFF HIS MAD METHODOLOGY OF ALWAYS TALKING AND NEVER BUYING ARE.....
1)
2)
3)
1)
2)
3)