Teach Me Not to Trade

[hypostomus]

Well, enough preamble. Now I will teach you not to trade. The pre-eminent issue in trading is the time frame, or conversely, the hold time. The devout Christian believes that his true reward is in Heaven, so he is typically a buy-and-holder. By definition long for the long haul.

At the opposite extreme is the convinced atheist, for whom there is no long haul, only the long sleep without end. No waking up in the morning with a hard-on, biblical or otherwise. In the extreme, he is not only anxious about death, but twitchy that it might occur at any second. Such a one is your quintessential scalper.

If you know yourself, you know your hold time.

 

[gehko]

Quote from hypostomus:

Well, enough preamble. Now I will teach you not to trade. The pre-eminent issue in trading is the time frame, or conversely, the hold time. The devout Christian believes that his true reward is in Heaven, so he is typically a buy-and-holder. By definition long for the long haul.

At the opposite extreme is the convinced atheist, for whom there is no long haul, only the long sleep without end. No waking up in the morning with a hard-on, biblical or otherwise. In the extreme, he is not only anxious about death, but twitchy that it might occur at any second. Such a one is your quintessential scalper.

If you know yourself, you know your hold time.

where would agnostic fall?

 

[hypostomus]

HolyGrail, you are close to the truth. The Plastic Cup of trading profit is that it is like pussy. The less you need it, the more you get. Why should I try to be more as a trader than I am as a person? I am a lazy fat fuck who has schlepped through life and is at the endgame of a mediocre career. My ex wives hate me, my children don't visit, only fat girls will fuck me, and bartenders unceremoniously heave me onto the sidewalk at 3 AM. If I can make $50 a day on one car I am living down to my expectations.

 

[hypostomus]

Gehko, agnostics are too chickenshit to admit that they are atheists.

 

[gehko]

Quote from hypostomus:

Gehko, agnostics are too chickenshit to admit that they are atheists.

If you can prove that, i will believe it.

 

[gehko]

The less than superb post update time that you were talking about earlier might have little to do with elitetrader.com itself and more to do with the proxy you are passed through due to your location.

 

[hypostomus]

Atheism is the ultimate bet. No one can be neutral on the issue of utter extinction versus continuation.

 

[hypostomus]

Thanks. I will pimp another proxy tomorrow.

 

[gehko]

Quote from hypostomus:

Thanks. I will pimp another proxy tomorrow.

You could also post to a high priority site such as yahoo or on a different protocol, but that might make the thread clunky.

 

[gehko]

So are you saying that the amount of time that one holds a stock is directly relational to the duration of the chart they should use?