hmm.no edges in the markets

Ned Stark · Jul 25, 2013

Sure if you want to wait weeks or months on end for the perfect daily bar to form, go right ahead. Others of us use tactics that provide many more successful setups in the meantime with minimal risk (albeit smaller rewards). To each his own.

Quote from satchel:

Glad we moved away from the last 2 days and getting lost in the bar to bar minute addiction. Analytical, drawn to process, low-risk types love this action. Too much and the dark side calls that is analysis paralysis. It looks alluring, sounds alluring when 'explained' (takes 2 paragraphs) and the ego feels satisfied with 'knowing'.

Now show me a doji on the daily on big volume bar...that's interesting...simple. 1 minute chart not so much.

Shouldn't you be busy legging in buys in the Spoos anyway, instead of looking at miniscule bars..1700 in a hot minute.

NoDoji · Jul 25, 2013

Quote from Ned Stark:

Others of us use tactics that provide many more successful setups in the meantime with minimal risk (albeit smaller rewards)

Sleeping well every night because of no positions on is a huge reward in and of itself!

Ned Stark · Jul 25, 2013

I couldn't agree more. I'm not a great sleeper as it is. Thank goodness for intraday trading

Quote from NoDoji:

Sleeping well every night because of no positions on is a huge reward in and of itself!

bwolinsky · Jul 25, 2013

Ned, I don't agree that systems with few trades days between means that that system is any worse than other strategies that might trade everyday.

Ned Stark · Jul 25, 2013

Not suggesting they are, only suggesting there are many strats with different trading frequencies. Clearly longer term trades should have greater rewards but Satchel seemed to be dismissing shorter term trading as if it's not worth it.

Quote from bwolinsky:

Ned, I don't agree that systems with few trades days between means that that system is any worse than other strategies that might trade everyday.

wrbtrader · Jul 25, 2013

Quote from Ned Stark:

Not suggesting they are, only suggesting there are many strats with different trading frequencies. Clearly longer term trades should have greater rewards but Satchel seemed to be dismissing shorter term trading as if it's not worth it.

I've enjoyed Short term trading for the past 20 years. I also do long term trades but their too stressful for me...consistently worry about overnight price movement due to something occurring in Asia or Europe.

In contrast, Short term trading ends at the end of the trading day. It doesn't come to bed with me like the Long term trades.

tobbe · Jul 25, 2013

Quote from marketsurfer:

pay no mind to those who claim consistent profits from looking at the transitions of price charts-- although, they may be able to "do it" via some mystical intuitive ability-- I have never seen it

surf

Yet you promote your friend Alla Peters who see "unique price patterns in price waves" and charges a newbie $6700+ to learn how to do that?

You are an affiliate, what is your cut if they sign up for her mentoring through your site?

tobbe · Jul 25, 2013

Quote from nitro:

It is not the same thing. In those types of accounts, you are entitled to fees whether you make money or not. In these accounts, a mirrored account only pays fees if you make them money. Very different.

Wrong... in those types of accounts you are entitled to the fees you have agreed upon with your client (through a POA for example). Most likely performance based, you only get paid for new equity highs.

Ol' Yella · Jul 25, 2013

Quote from NoDoji:

âAny sufficiently advanced technology is indistinguishable from magic.â - Arthur C. Clarke

LOL
Nodoji, just curious, when was your last losing trade?

bwolinsky · Jul 25, 2013

Quote from wrbtrader:

I've enjoyed Short term trading for the past 20 years. I also do long term trades but their too stressful for me...consistently worry about overnight price movement due to something occurring in Asia or Europe.

In contrast, Short term trading ends at the end of the trading day. It doesn't come to bed with me like the Long term trades.

This attitude doesn't sound like a 2 decade trader, wrb. I have done 1 decade, and the times spent worrying about overnight trades are taken care of by stops which you haven't explored.