the market is totally being controlled!

[noblehawk]

My points of view:
ad 1. I trade opposite way, so I do not use trend lines at all.
ad 2. I can bet that I am able to keep my win ratio long term around 70% with RRR near 1 - this is true even for periods of time like 2008/2009. I mean this bet seriously, we can use broker statements as prove if bet will be interesting
It is important to use TA in non-traditional approach like trading baskets of stocks fully mechanically.

ad (1) I don't do this. I have exit rules, but they are not based on actual open P/L of trade at all. They are based on probability of move of each particular stock.
ad (2) I trade stocks where I even do not know name of the company. Feel has nothing to do with trading from my point of view. Knowledge, of course, is important.

Interesting. Finally met a good one

I think we are taking different approach to the market.
I trade by human, you trade by machine.

I focus on several stocks i know and feel very well, as believe the human brain is the best machine in the world.
You trade a lot of stocks, based on a lot of data, and your TA is not that TA. So you donot need to care about single stock, you need to care about the relation between stocks , or something else like that. like Renaissance Technologies.

I believe you can make money if you can find your unique relation between stocks, as it is one way to make money.

But my question is if you make more money than before? than last year or even before.

Dude, we are totally different position and approach. I am the small trader, and you are the big guy!

Just wonder when the big guy can be generous to let our small traders to make some money?

Cheers

 

[Bob111]

The breakout line is easy to draw, even though there is some subjectivity involved. But granted, drawing these lines does require some experience.

Here are the breakout lines for LEAF and POWR, see below.

What if the price newer comes back to a breakout line? I've seen plenty of those

 

[xelite777]

What if the price newer comes back to a breakout line? I've seen plenty of those

Good question.

You will notice that more than 50% of the time, these breakouts never pullback. Breakouts without a pullback are very powerful and usually generate the biggest gains in percentage terms.

Unfortunately, it is simply too risky to chase them, at least for me. As a rule of thumb, if I see no pullback after a maximum of 10 to 15 bars (after the breakout), I simply look for another trading opportunity, for the simple reason that real, meaningful breakouts rarely spend that much time to return to the breakout line before resuming their initial move.

 

[tom_czr]

I focus on several stocks i know and feel very well, as believe the human brain is the best machine in the world.

But my question is if you make more money than before? than last year or even before.

Human brain is great thing, but it is good to use some tools which make our brain even more powerful.

You should be able to give me right answer under 5 seconds using only your brain - tell me correct result:
12321 x 769 - 2 / 17 x 74 = ???

Most probable outcome is, that you will be not able to calculate it only in your head under 5 seconds. So mabye it is more time and cost effective to use calculator - tool which enhances our problem solving power for some types of tasks.

So you see? Simple brain is not enough with today competition...


About making money - Just now I am able to make much more money than ever before. Anyway each year is different, markets are changing, so I do not rate my success only in money I have made.
I rate my success by comparing my results to overall market performance...

 

[Windlesham1]

Stocks are for beginners- if you want action trade derivatives and forex-stocks are for the birds-why would you pay $10k to make $5?
Stocks are invetsments only, pumped up by the deadbeats at the Fed whose QE has fed the stock market and crushed the real economy. When QE stops or interets rates get to somewhere near sensible,the market will plummet before the Fed steps in again

 

[tom_czr]

Stocks are for beginners- if you want action trade derivatives and forex-stocks are for the birds-why would you pay $10k to make $5?
Stocks are invetsments only, pumped up by the deadbeats at the Fed whose QE has fed the stock market and crushed the real economy. When QE stops or interets rates get to somewhere near sensible,the market will plummet before the Fed steps in again

Hehe, u dunno what r u talking about... for serious traders trading is about making money and portfolio stability, not about action.
I prefer making money over action

 

[noblehawk]

Hehe, u dunno what r u talking about... for serious traders trading is about making money and portfolio stability, not about action.
I prefer making money over action

Agree with you. You are good And it is good to meet a top class trader here. to be honest.

 

[noblehawk]

Hehe, u dunno what r u talking about... for serious traders trading is about making money and portfolio stability, not about action.
I prefer making money over action

My selling guru (joke)

I am going to short the Japan market, as everything shows the economy of this country is getting worse.

The issue is :should I short a basket stocks( finance, IT, communication,retails.etc) only?
or hedge them at the same time like many hedge funds do? (sell one weak one and long another strong one)

Pros and cons is: if only short, it maximize my profit when the direction goes in my favor. if hedge, portfolio is much stable, but the profit is limited.

Or maybe it is all about risk & return. big risk= big return small risk= small return

 

[Windlesham1]

Hehe, u dunno what r u talking about... for serious traders trading is about making money and portfolio stability, not about action.
I prefer making money over action

I have no idea what you are on about-portfolio stability? Seriously?
Action means beuingable to take trades,and you guys are whining about the lack of movement in the markets- well deal with it-get strategies that work

 

[Lucrum]

Any opinion?

You don't wanna know my opinion.