If you want to fail as a trader, study TA

TraderZones · Apr 30, 2010

Quote from The Expert:

1. The longer you stay in the market, the longer your money is at risk

2. A pre-req to making GOOD money is backing the RIGHT horse

3. Profits are not REAL profits until they are CAB - Cash At Bank

4. The best method by far is the B&E method

TE

The Idiot has spoken!

Don't you feel now that you have learned something useful? Get out your laptop, and take out this deep but useless drivel...!

The Expert · Apr 30, 2010

Quote from macattack:

Hey TE,

Thanks for starting this thread. I don't know why people don't just shut up and try to learn something, or just quit wasting time typing in a thread if they don't like what's in it.

As far as they Key things:

I'd like to be able to tell when the big guys are buying vs the little guys. I've recently added TICK & Time & Sales to my screen, but I really don't know what I'm looking for.

You mentioned to pay attn to the Futures vs Cash. Futures lead the cash, so make sure they confirm the action you're taking, and watch for divergences.

As we speak the TICK finally broke out of a range to the upside. I guess that's good, but like I said I don't have a clue yet. It could mean the market is getting stronger, or it could mean to fade the extreme. Not a clue !!!

MK,

Remember that we discussed the major flaw in the TICK.

When you think of TICK, also think of TOCK

TICK..TOCK
TICK..TOCK
TICK..TOCK

TICK...TIME
TICK...TIME
TICK...TIME

As for the divergence, again, TICK..TOCK

As the saying goes, "there is a TIME for everything"

Do not fret, as YOU will understand in due course, but, for now YOU must be subjected to the behavioral patterns of idiots and fools, for, it is the idiots and fools that YOU must not be like, and, as already mentioned, if you fully understand just that, you are over the half way mark already.

By Sep 2010, you will be able to daytrade US Stocks on your own, with no help needed from anyone else, not even The Expert

I will be giving you some relevant info by e-mail shortly, that will assist you in understanding, but, The Expert only does this for those who clearly show that they "are willing to help themselves, and others".

When you get this information, you will say to yourself, "but that is so simple", and yes, you will be 100% CORRECT, for SIMPLE is always the best approach, for, we let the idiots and fools look at the complicated stuff

Do not become like the PATIENTS, but you MUST learn about PATIENCE, for

PATIENCE = TIME = MONEY

TE

The Expert · Apr 30, 2010

Quote from Mysteron:

I saw the title of the thread and a strange sense of Deja vu came over me!

Hi TE,
it was tss42 who let me know you came here, so I thought I'd better become a member.

Its interesting the way this thread is going, similar to the one on t2w. People's views seem to polarize into two two camps, there are the inflexible closed minded ones who attack, filling the thread with nonsense, occasionally with abuse too, and there are others who have a flexible mind willing to consider that, just perhaps, their own view is not perfect or possibly is even incorrect and wouldn't it be a good idea to consider alternative views.

The ability to think rather than expecting to be spoon fed is an absolute must for anyone to be able to get value from this thread.

My own interpretation of the thread title is this.

If a trader studies TA and uses it then they are consigning themselves to stay within the niche of the retail trader, at best making a few $ from dumber retail traders, but often loosing $ to smarter traders. If making a few $ as a supplement to a main source of income is OK then some would say thats a success. If however the aim is to make a living from trading then the trader needs to think differently and become seperate fom the herd and follow the money by learning how to read the charts.

R

Hi R,

Glad to see you could make it, as some of the clientele around here are a bit SLOW

which is a gross understatement

Your interpretation is 100% Correct, and, as you rightly said, idiots and fools are the same no matter where you go, even in the stock market

We will let them run around wild like the little boys they are, for, they will eventually soil their little nappies and run away to their MAMMIES to get them changed, again

TE

BSAM · Apr 30, 2010

Quote from macattack:

TE,

Where can I go to learn some of the things you know? I would guess you've worked in the industry or learned from some very good traders.

By the way ignore some of the thick idiots on this thread. They come to this site to learn from others, and then you try to teach them something and they don't even realize it.

You really don't know how funny your post is, do you? Or, do you? Please tell me you are a comedian and you're just being sarcastic.

mindtrade · Apr 30, 2010

Quote from The Expert:

1. The longer you stay in the market, the longer your money is at risk

2. A pre-req to making GOOD money is backing the RIGHT horse

3. Profits are not REAL profits until they are CAB - Cash At Bank

4. The best method by far is the B&E method

TE

B&E method.... Brain and Effort??? lol

JScott · Apr 30, 2010

Quote from JScott:

Dunno about that, here's how I learned to trade the NQ and barked up a worthwhile tree:

1) Understand price action basics (sorry, gotta study a bit)
2) Ground your beliefs
3) Develop your own "setups"
4) Study charts to make sure you are at least in the ballpark (doh! did I just use the "s" word again?)
5) Trade it (small, baby, small)
6) Toss what don't work, keep what does
7) Repeat indefinitely . . . ever wonder why some get it in 6 months, others in several years?

MA's, MACD, Stoch, BB . . . anythng and everything works as part of one method or another. Don't be a snob.

But to the OPs point . . . for every one part of studying, you need at least equal parts of doing.

Keep trading.

J.Scott

I can't believe I posted in this dumb journal. Where's the 'undo' button?

JS

clacy · Apr 30, 2010

Pages so far in thread.....................................................21

Posts by "The Expert"....................................................15

Emoticons used by the OP..............................................43

Relevant pieces of information thus far in thread.............ZERO

Eddiefl · Apr 30, 2010

Quote from crgarcia:

Amen

Brokers recommend TA because TA leads to overtrading, this generating commissions.

Really,

So using a weekly chart or a daily chart to trade with TA, that will lead to high commissions? hmmm,, I think you need to start over.

EF

Blotto · Apr 30, 2010

Quote from Blotto:

Is The Expert any relation of The General?

There is an interesting thread here entitled "Market Intelligence" by The General. Another is "Why Is The Obvious Not So Obvious?" under the name of NYSEStocks.

TE did you also lead discussion in the above named threads? Your posting style is very similar, and these threads were also attempts to enlighten the minority who wish to progress by carefully concealing the correct information for those who will do their own thinking....

macattack · Apr 30, 2010

Quote from The Expert:

MK,

Remember that we discussed the major flaw in the TICK.

When you think of TICK, also think of TOCK

TICK..TOCK
TICK..TOCK
TICK..TOCK

TICK...TIME
TICK...TIME
TICK...TIME

As for the divergence, again, TICK..TOCK

As the saying goes, "there is a TIME for everything"

Do not fret, as YOU will understand in due course, but, for now YOU must be subjected to the behavioral patterns of idiots and fools, for, it is the idiots and fools that YOU must not be like, and, as already mentioned, if you fully understand just that, you are over the half way mark already.

By Sep 2010, you will be able to daytrade US Stocks on your own, with no help needed from anyone else, not even The Expert

I will be giving you some relevant info by e-mail shortly, that will assist you in understanding, but, The Expert only does this for those who clearly show that they "are willing to help themselves, and others".

When you get this information, you will say to yourself, "but that is so simple", and yes, you will be 100% CORRECT, for SIMPLE is always the best approach, for, we let the idiots and fools look at the complicated stuff

Do not become like the PATIENTS, but you MUST learn about PATIENCE, for

PATIENCE = TIME = MONEY

TE

I think I may have noticed today what you're talking about regarding the "idiots and fools". I'm looking at charts & information in a totally different way now.

I'd appreciate any information you can send me. You'd be amazed how much time & effort I've put into this with very bad results. It's actually embarrassing........................especially when I see some of the idiots that post in these threads. You'd think I'd at least be able to take their money !