more in 30 years
New to trading - Got a bunch of books. Scared to learn outdated things.
- Thread starter Turiacus
- Start date
And none of the others refers to context?
I have never wanted, as all the books advice, to make 50% a year.
i was never in it..... to make money.
I was in it..... to be always right.
I believed, it is possible to be always right.
that anybody who thought other wise was wrong.
and that, the returns possible by being right, would be above 50% a day.
i was never in it..... to make money.
I was in it..... to be always right.
I believed, it is possible to be always right.
that anybody who thought other wise was wrong.
and that, the returns possible by being right, would be above 50% a day.
I do not remember. but I remember trend. that was always in my face.
but my exact words,easily verifiable,were "as far as my memory goes, I may be wrong, but only one book -Brooks-mentions context."
even Brooks does not explain it thoroughly.
because the context does change as the market goes through it' s allegedly manic convolutions.
as does trend.
everything in market is a mirage.....that disappears upon close examination.
that was not the only thing that disappeared : a substantial amount of my money went the same way
%%
Most likely you can find some help in books 2,23,67.Jack Schwagers top traders books are better.
Don't worry about paying 1/2 bid ask.LOL You may see a 1/2 or 50% again anyway. Not a prediction...…………………………………………………………………………………………………………….
Most likely you can find some help in books 2,23,67.Jack Schwagers top traders books are better.
Don't worry about paying 1/2 bid ask.LOL You may see a 1/2 or 50% again anyway. Not a prediction...…………………………………………………………………………………………………………….
Unfortunately, this type of thing isn't something that can be taught. It only comes after many years of experience. Even then, some people will never understand. Either you get it, or you don't.
On the other hand, I think a lot of Brooks methodology can be simplified. He makes it sound too damn complicated, which it isn't. Just break it down into components and it's rather simple in practice.
%%Same here, very much so: to me it's the same as ........ homeopathy and Elliott waves (well, he would, wouldn't he?), but equally I might just be seeing if I can offend four groups of people all in one sentence.
)
That can be a good thing Xela; offend 4 in one sentence{54,844 Frenchmen can be wrong } LOL.[Partial disclosUre; i found most fib lines to be a fib/not helpful@ all. LOL
As far as hindsight bias,X+ela sure [not sarcastic LOL] that is a BEAUTY = 208 DAY MOVING average, some use a 200 , but 208 has more hindsight bias + less slippage, sometimes .LOL
IF you quit posting , too bad, i 've seen a loT to Winners I never saW A Winner QUIT; unless it was quit dayTrading with comissions..................................................................................
yes you are right
i have finally done that and it is quite simple. and i am doing much better. because i have finally put it all together: the technique and the position sizing.
i am now putting my capital safety first....... like i did when i first started trading
describing anything in a book makes it complicated.......