"I AM THE BEST!" Said tongue in cheek, but I wish to explain something about trading that makes me feel very fortunate.
I've been on ET many years, actually much longer than my profile states as I was under another username once, but I digress.
One thing I see constantly is the complicated ways and means ET members trade - Charts full of lines, indicators, fundamental analysis, news reports etc.
All this 'shit' takes up a lot of time and can bog you down. The more complicated it becomes and the more time spent (wasted), the less time trading.
It doesnt have to be like this.
I'll tell you how I trade, but first off a little bit of history to lay the foundations of what I do.
Many years ago I had a stroke of luck. I was a member of a trading forum in Australia and this guy whom was there made some comment and I asked what software he used.
This guy was 'kaveman' and he said he would recommend Amibroker.
If you google kaveman you will see from many years ago this guy was a TOP Amibroker guru.
I bought AB (amibroker) and kave set it up on my computer. I was fortunate in he lived not that far from me at the time.
Kave and I becames friends and he not only wrote me scores of programs but taught me programing skills. Often I would visit his house for coffee.
Anyway, many years later, I still run AB but rarely do I use it. Mabe once every 1-2 weeks I will download EOD data.
I have a couple of superduper programs Kave and I have written, I can find the best stocks to trade in a couple of minutes.
For example, pick any sector or indice and I can tell you very quickly what to and not to trade.
These stocks usually remain faithful over a long period of time, eg if BHP is standout stock in the mining sector, 6 months later it still probably will be.
Cutting a long story short, how do I trade?
No indicators
Basically zero fundamentals.
Basically zero news events ( I rarely read company announcements)
No algos, no autotrading.
Only turn on my computer to place trades, then switch it off (5 -10 minutes total)
Trade maybe once a week if lucky, but will hit several stocks at once.
Trade positions vary, but 150k a position is not uncommon (intending to lower this now)
Spend most of my day on a tablet just looking and quite a bit of that time is ET chitchat.
No spreads, no Options, no Futures, No shorting, just stocks long.
I can eyeball stocks on my tablet and know very quickly entry and exits, no computer required, no AB software reqd. for the signals.
I'm in Australia, wake up maybe 4am or earlier, cuppa tea, quick squiz at markets, go back to sleep sometimes if nothing brewing.
Otherwise stay up, plan my attack, place trades on open, 8am.
I trade OPM as well as my own, so I will communicate my trade intentions.
So what am I intending to convey?
My trading is very simple and very profitable.
No rocket science.
Very comfortable, very relaxing.
But (and this is the but) it took years to achieve this and the grace of God (I'm not religous) that I came upon kaveman who gave me a HUGE leg up.
