Socrates Examines Technical Strategy
- Thread starter Socrates
- Start date
Well, M. Cou-Rouge, you obviously missed the posting rules for acceptance into the B-Team. You owe us a brief non-proprietary description of how you trade and/or invest. We all long ago shared our methods with ET, to the utter disdain of the A-Team. We are all of us CW (and that don't stand fer Counrty and Western).
Gent(i)le readers, do you ever wonder why immoderation tolerates , nay, ENCOURAGED, the creation of this thread?
To give the lonely wretched pathetic loser B-Team its own home? Nah!!!!
To see if we could improve SCT through pee(r) review? Unlikely.
To see if we would make utter fools of our selves and make the A-Team look brilliant by comparison? Most likely.
None-the-less, I feel obliged to present a pseudo-technical argument de temps en temps.
So today I take on the central tenet of SCT: that it is the polar opposite of the conventional wisdom.
Sorry I am using the one-line Jack format here, I am getting into it.
Now
before that lamentable day
when first I came under Jack's sway
(a nice rhyming suggestion for 666)
I had no idea that I was the epitome of the CW.
Jack says the CW is edge-oriented, probabilistic, backtests, stops, uses profit targets, and expects/tolerates drawdowns.
In truth I think that the CW is any method that isn't SCT, but no matter.
In my next post, I will atempt to prove that SCT IS IN FACT TOTALLY CW!
But first, Neoxx, I must take a few hits of oxygen. When you get to be my age, the last fucking thing you'll want is 3M micropore inhibiting your breating.
Wheeze ,cough! Hack, spit! Gasp, cry!
To give the lonely wretched pathetic loser B-Team its own home? Nah!!!!
To see if we could improve SCT through pee(r) review? Unlikely.
To see if we would make utter fools of our selves and make the A-Team look brilliant by comparison? Most likely.
None-the-less, I feel obliged to present a pseudo-technical argument de temps en temps.
So today I take on the central tenet of SCT: that it is the polar opposite of the conventional wisdom.
Sorry I am using the one-line Jack format here, I am getting into it.
Now
before that lamentable day
when first I came under Jack's sway
(a nice rhyming suggestion for 666)
I had no idea that I was the epitome of the CW.
Jack says the CW is edge-oriented, probabilistic, backtests, stops, uses profit targets, and expects/tolerates drawdowns.
In truth I think that the CW is any method that isn't SCT, but no matter.
In my next post, I will atempt to prove that SCT IS IN FACT TOTALLY CW!
But first, Neoxx, I must take a few hits of oxygen. When you get to be my age, the last fucking thing you'll want is 3M micropore inhibiting your breating.
Wheeze ,cough! Hack, spit! Gasp, cry!
??? You talkin' to ME? YEW talkin' to ME! Don't know how I'm M. Cou-Rouge, but anyway, for the sake of discussion, I will share how I trade:1. On paper
2. Goin' cash this week
3. With 3 martinis in me
4. Exactly like you
HTH,
Big C
Oh, sorry, I googled "cou" -- anyway, no harm done, add me to the B-team, mano!
Big C
[EDIT]Search his posts, I'm surprised Cou Rouge isn't the 21st personality, he's a good guy[/EDIT]
Big C
[EDIT]Search his posts, I'm surprised Cou Rouge isn't the 21st personality, he's a good guy[/EDIT]
Socrates/ etal,
With all due respect Sir I prefer not to subscribe to any team because â
At the end of each day I, and only I â will be accountable for how, what, and when I trade â and â how much I loose / earn on any given trade
I day trade â as a business
How I trade
Price go up = Long
Price go down = Short
Exit when I am wrong, (and maybe even reverse depending on my interpretation of current conditions)
Or
Exit when I believe Iâve got all I am going to get out of that trade (I can always re-enter if it keeps moving)
Then
Once I hit my daily goal â my work day is done
Wash, Rinse, Repeat
(Readers thinking to themselves at this point â Well duhh Redneck ainât you a flipping genius)
Folks â Iâm just keeping it real for me
However more importantly at least to me â (than the act of trading as described above) is being able to conduct myself as a trader and exploit every âPotentialâ opportunity I am able to identify in the market / stock Iâm trading â and exit when that âPotentialâ opportunity doesnât pan out
To that end Iâve tried to, and continue to try (continuing education) to learn about all the different âindicators/ edgesâ I can â I donât use them per se â but I know someone does and thatâs what Iâm always looking for âPotentialâ opportunity
I joined this forum because I made a commitment to myself to âpay it forwardâ this year to the best of my ability⦠And I appreciate the âBâ Teamâs efforts in trying to do the same
Hereâs what I canât do
Predict the market or stockâs direction for any given time period
Do a DNA transfer with someone so they can see what I see, do what I do, or trade the way I trade (ala Hersey)
Give anyone an edge (I believe they need to figure that one out on their own)
Tell anyone how, or what â they should or should not trade (again I believe they need to figure that one out on their own)
Afford to get any type of ego (Thatâs why Iâm a Redneck â well that and the fact I live in the Southâ¦)
What I do â do
Maintain a Business plan
Maintain a Trade plan
Maintain a Journal
Constantly monitor myself for areas of improvement
Constantly monitor the market
Constantly monitor and learn from others
Manage my losses fervently
Believe there are several ways / methods to successfully trade â and each trader has to find their own way and be accountable to their self
Sorry I have nothing better to offer
Take Care
With all due respect Sir I prefer not to subscribe to any team because â
At the end of each day I, and only I â will be accountable for how, what, and when I trade â and â how much I loose / earn on any given trade
I day trade â as a business
How I trade
Price go up = Long
Price go down = Short
Exit when I am wrong, (and maybe even reverse depending on my interpretation of current conditions)
Or
Exit when I believe Iâve got all I am going to get out of that trade (I can always re-enter if it keeps moving)
Then
Once I hit my daily goal â my work day is done
Wash, Rinse, Repeat
(Readers thinking to themselves at this point â Well duhh Redneck ainât you a flipping genius)
Folks â Iâm just keeping it real for me
However more importantly at least to me â (than the act of trading as described above) is being able to conduct myself as a trader and exploit every âPotentialâ opportunity I am able to identify in the market / stock Iâm trading â and exit when that âPotentialâ opportunity doesnât pan out
To that end Iâve tried to, and continue to try (continuing education) to learn about all the different âindicators/ edgesâ I can â I donât use them per se â but I know someone does and thatâs what Iâm always looking for âPotentialâ opportunity
I joined this forum because I made a commitment to myself to âpay it forwardâ this year to the best of my ability⦠And I appreciate the âBâ Teamâs efforts in trying to do the same
Hereâs what I canât do
Predict the market or stockâs direction for any given time period
Do a DNA transfer with someone so they can see what I see, do what I do, or trade the way I trade (ala Hersey)
Give anyone an edge (I believe they need to figure that one out on their own)
Tell anyone how, or what â they should or should not trade (again I believe they need to figure that one out on their own)
Afford to get any type of ego (Thatâs why Iâm a Redneck â well that and the fact I live in the Southâ¦)
What I do â do
Maintain a Business plan
Maintain a Trade plan
Maintain a Journal
Constantly monitor myself for areas of improvement
Constantly monitor the market
Constantly monitor and learn from others
Manage my losses fervently
Believe there are several ways / methods to successfully trade â and each trader has to find their own way and be accountable to their self
Sorry I have nothing better to offer
Take Care