Market Monk

[winter]

Quote from aPismoClam:

flat for economic news? On his face or on his bacK? Please let me know by 2:25 or so this afternoon, if possible.

Sounds like he goes horizontal, not sure if he does it alone or with his GF

 

[QQQShort]

The underlying concept of "continuous participation" should encourage people to step back from the trees, allowing them to have a better look at the trees. This is good.

Literal interpretation of "always being in the market" might encourage over-trading, which often adversely affects results. By understanding that "continuous participation" in its proper form could reduce trade turnover, this approach has merit.

 

[Charlie Dow]

Quote from QQQShort:

The underlying concept of "continuous participation" should encourage people to step back from the trees, allowing them to have a better look at the trees. This is good.

Literal interpretation of "always being in the market" might encourage over-trading, which often adversely affects results. By understanding that "continuous participation" in its proper form could reduce trade turnover, this approach has merit.

Absolutely agree. One must understand "what" keeps a person in a trade over a longer period of time first and that is not an easy occurrence to determine. Traders overtrade and over analyze the markets regularly. Successful swing and position traders have learned over time what is necessary but daytraders need to learn that the same occurrences interday should be the same when played out on longer term charts. Self verification, patience and consistency after that should bear fruit.

 

[Charlie Dow]

Quote from winter:

http://marketmonk.blogs.com/pmtc/

Wow, turned $5000 into $8 million in 23 days!?!

http://marketmonk.blogs.com/pmtc/2005/04/day_22_trading_.html

That's a little hard for me to swallow but its a good read anyway.

I believe it's possible. Whether MM accomplished it another thing. MM is a past associate of Ron Hudson in California, and that is one unimpressive individual, IMHO.

 

[cornholetrading]

Quote from Charlie Dow:

I believe it's possible. Whether MM accomplished it another thing. MM is a past associate of Ron Hudson in California, and that is one unimpressive individual, IMHO.

I agree with what you said earlier about most traders overanalyzing the market. IT seems the simpler it is the better it works many times.

Who is Ron Hudson?

 

[Charlie Dow]

Quote from cornholetrading:

I agree with what you said earlier about most traders overanalyzing the market. IT seems the simpler it is the better it works many times.

Who is Ron Hudson?

I agree.

Ron is just a programmer (www.ronhudson.com) who tried to get into trading by offering websites to traders. Monk was an early associate.

 

[nzbryant]

Do you know Monk?

His website and his email replies to me have all been very impressive in terms of their understanding of trading.

 

[vulture]

Quote from nzbryant:

Do you know Monk?

His website and his email replies to me have all been very impressive in terms of their understanding of trading.

That may be the case, but please dont tell me you actually believe those trading results he posted. The idea that someone could run up $8million in 23 days trading the ES is pretty much absurd.

 

[cornholetrading]

Quote from nzbryant:

Do you know Monk?

His website and his email replies to me have all been very impressive in terms of their understanding of trading.

That is interesting because someone on another thread had a way different experience it sounds like. Here is his post.

Quote from trade4succes:

when you email him directly (like i stupidly did) he asks $10k for his calls.

when it looks too good, usually it is. in the tradingworld, it ALWAYS is

f*cking con men

 

[cornholetrading]

So far it sounds like not that many people have either tried this method of trading or have had success with it.