Just someone who can't admit when he is wrong and always needs to have the last word.
The thing is he probably still believes he's right.
I am kinda new and want to learn basics for short term trading
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Just someone who can't admit when he is wrong and always needs to have the last word.
The thing is he probably still believes he's right.
Babaji said the same thing. Now he's dead. Whoops!
Damn and here I thought I had a definable edge.
It's not my theory it's Wyckoff's 3 Law's.
Sorry Elon... I'm not sure how to provide any proof.
Could be or maybe I'm just lucky.
It has been working for me. Actually has high correlation to SPX as it is mainly a long strategy and it does keep drawdowns to a minimum.
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Exactly;
thats why i took off his 2 period moving average. 50 dma tends to be more useful than a than a 34 or 2......................................................................................................I just double checked an adx/pretty well useless in a bull market uptrend/but anything could work in a good uptrend
Wyckoff’s 3 laws are just simple supply and demand dynamics (market function). I think attributing the idea that changes in supply or demand impact price is kind of funny considering this is a very old concept.
Your takeaway from it though should be that on a chart all you see if ex-post data. So you need to have a theory about what is driving supply or demand for the stock ex-ante (in the future). This would be catalyst like ratings changes by a bulge bracket or influential analyst, improving macro conditions & risk sentiment, or expectation of a product that will expand TAM, etc. Assuming supply remains the same, the impact to liquidity by the demand shock will push the price up, etc.
You can then review the levels, valuation, and other items to figure out good entry and exit points.
So you’re getting beta with drawdown reduction. That’s a good strategy for buy & hold but is not a trading strategy, per se.
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SPY/spx/upro/spxl, actually has been weak most of the weeks this year.
NOT a prediction/but they are sure are uptrending well /4th quarter.
Some may say ''well that's short term'' Its uptrending well for 52 weeks now/4th quarter/LOL Actually a shocking % of full time money managers dont beat SPX over 10 year$................................................................NOT suitable for all traders/investors
I mean this in all sincerity: if you are hell bent on short term trading, best learn to code - because that's what you're up against. And you will require a very high performance ECN and execution platform.
https://www.researchgate.net/public...lications_to_finance_with_R_and_S-Plus_2nd_ed
https://www.worldscientific.com/worldscibooks/10.1142/6578
https://www.researchgate.net/public...lications_to_finance_with_R_and_S-Plus_2nd_ed
https://www.worldscientific.com/worldscibooks/10.1142/6578
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It may be an old concept but it is what I believe drives the market.
This is where we seem to differ. I don't need a theory about what is driving the market. I only need to know that the market is moving and a method of getting out of my position if it stops moving or reverses.
On the bright side if what I'm doing is opposite to what you are doing then you have someione to take the other side of your trade.
