I just discovered that I have psychic ability to predict the market

Quote from happy602:

I don't know the exact entry point, I know certain stock or spy will go up or go down on today or the day after today(less accurate than early morning prediction). I usually buy the dip, then sell high. Usually if I don't feel good, time to buy stock, when I feel good, time to sell, I mean for spy or DIA. As for some individual stock, I have other strategy, I just buy dip and sell high.
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http://www.youtube.com/watch?v=jllJ-HeErjU
 
I didn't do any 38 steps. I just watch a little news which just validating what I feel, news is always late, trade on news is definitely hopeless. What I did before real trading is looking at the definition of limit, stop and market order type. That's it. Now I am trying to figure out the percentage rage the market will go up or down each time, so that I can find good entry and exit point.
 
Quote from happy602:

I didn't do any 38 steps. I just watch a little news which just validating what I feel, news is always late, trade on news is definitely hopeless. What I did before real trading is looking at the definition of limit, stop and market order type. That's it. Now I am trying to figure out the percentage rage the market will go up or down each time, so that I can find good entry and exit point.
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see stochastic drift....:)
 
Quote from Stockie:

"I know", "I feel" and "I have a psychic ability" could become a problem after a string of losses. Are you emotionally robust enough to withstand 5 or 10 losses in a row?
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Not if I was delusional and believed I was psychic.

As a joke I predicted the close of the Dow on a Monday in 2004 (Sunday PM) with futures flat. I nailed the cash close to the penny, so like a 1/6000 chance at one sigma.

I made the prediction as the number came in a dream the night before, white numerals against a black background. No context, but it could only have been the Dow. I mentioned it at a dinner party that night and had two guys waiting for me to leave my townhouse the next day with checks in hand looking to partner up.

And no, I don't think that's psychic ability. In your case it's more hubris than psychic. What I am getting at is that approaching the mkt from that mindset spells doom. There are a lot of smart ppl willing to take your money.
 
Quote from happy602:

Everyday, espeically early morning, most time one day before, but I don't have much experiences on trading, and also don't have enough money.




wonder where should I start?
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Yahoo message boards maybe.
 
Quote from drownpruf:

What I am getting at is that approaching the mkt from that mindset spells doom. There are a lot of smart ppl willing to take your money.
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Fair.

Trading's easy until it's not. Then it's a long, difficult journey. Mine's been 3+ years... so far.

I hope happy isn't under the impression it will keep working without effort.

It's already going down hill: you were in Career Trader, now demoted to Chit Chat.
 
I was expecting better humors from muggle world elite traders. Here 99% are male? No female here? I am female, so I think different from u elite traders. Anyway, u guys might be right, I should just shut up and make money myself. By the way, the world trend is different now, most individual trader can't compete with the big guys. I know they found the key element which individual will never have access.
 
Welcome to chit chat, miss thang

Quote from happy602:

I was expecting better humors from muggle world elite traders. Here 99% are male? No female here? I am female, so I think different from u elite traders. Anyway, u guys might be right, I should just shut up and make money myself. By the way, the world trend is different now, most individual trader can't compete with the big guys. I know they found the key element which individual will never have access.
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