That “One Trade”…that changed your Life F-o-r-e-v-e-r

[Redneck]

Monoid

You Sir..., are one very astute individual

But it is just my guess; I could be totally incorrect.

I have $5.00 bucks that says you're not

B

Also, "technique" (trading plan developed as described above), although is necessary, alone is not enough.

There is more to trading than a trading plan.

Very true - it simply one piece of the total package



Post more..., please - you interest me

RN

 

[monoid]

Post more..., please - you interest me

And the Old cat said, "Those who know don't talk, and those who talk don't know"*. And you want me to talk more?

* From "Mysterious Skills of the Cat" by Issai Chozan (1727)

Regards,
Monoid.

 

[Redneck]

Ya got me

A wise old owl sat in an oak.
The more he heard, the less he spoke
The less he spoke, he more he heard.
Now wasn't that Monoid a wise old bird?

RN

 

[kut2k2]

Fascinating how ET threads can change character. All it takes is one random word to throw things in a very different direction. Ironically, the random word in this case is "random". Fortunately this is one of those all-too-rare times where the off-topic discussion is at least as informative as the title topic.

 

[i am nobody]

and everybody keeps his manners.....

 

[Redneck]

Fascinating how ET threads can change character. All it takes is one random word to throw things in a very different direction. Ironically, the random word in this case is "random". Fortunately this is one of those all-too-rare times where the off-topic discussion is at least as informative as the title topic.

k2,

You bring up a really good point

=================

PAK (OP)

My sincere apologies for derailing your thread Sir

RN

 

[kut2k2]

k2,

You bring up a really good point

=================

PAK (OP)

My sincere apologies for derailing your thread Sir

RN

Oops!

Sorry, I wasn't criticizing, just making an observation. I also apologize for not contributing to the thread topic.

 

[m1nt]

EFAX... $4 to $30 in two weeks
SCKT.OB/ nasdaq listed.... $0.86 to $50 in 6 months
DGLI... plus 3,200 percent or was it 5,000 percent for 1999

....watching shizz like CMGI go from $4 to over $300 changed my perspective although I was never in it...

hooked.

 

[cornix]

CF

First and foremost..., I am no where qualified to speak about ANY (every) strategy

For day trading.., where the goal is to extract a certain portion of the ADR - by trading moves (not necessarily trading a / the "trend") - I would say Yes

RN

I thought about any strategy because you said trade management is more important.

 

[Redneck]

I thought about any strategy because you said trade management is more important.

are those principles of trade management similar for ANY strategy or they can also be anything with the only rule of consistent application

Hey CF

You asked me if "those principals" (meaning mine - the one's I specifically laid out) are similar for ANY strategy

If I'm a BB - and simply working my book back and forth - "my principals" (as I specifically laid them out) wouldn't work

If I were using the instrument I trade as a hedge - "my principals" wouldn't work

If I RTM trading - "my principals" wouldn't work

It I were capturing the spread..., or getting paid for providing liquidity

And these but a few examples


Trade management would still rule - but the "principals" of said management - as I specifically laid them out - would need modified accordingly


RN