The most efficient method of trading

I hear what you’re saying and I can’t disagree with the sentiment.

I’ve heard people state that if you get just one good idea from a trading book it was worth it. They neglect to mention all the bad ideas that are also included.

Reading a lot of books about trading guarantees only one thing: exposure to the conventional wisdom about trading.
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Good points;
for those that love reading + discretion= wisdom is profitable to direct.:caution::caution:Maga zines may help, especially if one like pictures.
 
Unfortunately no.

However the Square of 12 has a fundamental basis in our conception and understanding of "time" - sexagesimal numeral systems first recorded by the Sumerians, then adopted by the Babylonian's and later by the Egyptians.

The works of Michael Jenkin's is what has made Gann more understandable for me.

Thanks for the reference, it's right up my alley.
12 works especially well with NQ - and multiples thereof; 36/72/144/360

Today for instance, Open 13184.00, High 13298.75, difference 114.75 points, which on a square of 36 grid is 270°
 
Lovely put. I love books.

Also reading trading books - i love it. Even if I do not follow the strategy which is mentioned in the book or the instrument - I dont care I still enjoy the book. You never know what missing piece of puzzle you will find there!

Also another thing - if you want to be better than 90% of the traders then be ready to put 90% more of work into your trading.

Good post.

I think reap what you sow is a fairly well accepted truism.

Aha moments are an exciting part of trading/investing.
 
I haven't posted for a while in this forum, but have been wanting to share my main takeaway from my 23-plus years of trading experience, and wanted to see what other members thought.

While traders are bombarded with technical and fundamental analysis, I have found from my own trading results, and from the results of the other successful traders I have been surrounded by, that it's not fanciful candlestick patterns that bring big and consistent profits, the strategies that offer the most edge are what I call "glitch strategies".

I will use the word “glitch” to describe a malfunction, mispricing, arbitrage, or inefficiency within a market. A good example in the equity markets are opening and closing auction strategies. Another example might be inter-exchange arbitrage. These kinds of strategies, though hard to find, do exist in all markets, and when discovered and utilized can bring almost unlimited profits.

My goal isn't to list a bunch of strategies, but rather share this approach to trading, and see if other members of the forum share my same outlook, or might suggest markets that may be "ripe with glitches"


If you are patient enough, there will be opportunities to make a lot of monies. Just do not think short term, think longer term. Take the 2008 mortgage meltdown where the banks took a hit. BAC went as low as $5 a share and C went as low as $0.99 per share. No, I did not get in, I already had positions on other stocks. A couple of nurses though, where my doctor friend worked, used their salaries (for 3 months) to buy BAC stock at $5. They were the smart ones, who made out like bandits.
 
I reckon there are no completely efficient way of trading, otherwise all traders would be billionaires.
Surely, there are strategies that work personally for you and they suit current situation on the market, that's why you can operate them. It doesn't mean that you found an efficient way. You should bear in mind that the market rapidly changes, and the one strategy can't serve you eternally.
That's why traders tend to change them, renovate and rework. It's the only way out... Almost the one.
Don't believe in fairy tales about easy money, it's just a fiction.
 
The one that suits you! Your mind, your balance, your personality, your risk management, and things like that! You can't copy others, even the most successful ones!
So I am not going to ask you about your system :)
 
Wow, 23 years of experience, really? You are prolly a robot...
I've got acquainted with the method you are describing and should say that it sounds kinda sophisticated. For me the most efficient way of trading is to remain patient, calm and always appeal to logic. Not to indicators, patterns and other stuff, to logic. Trading is well-known for regularities, so taking into account worldwide events we can make an analysis.
 
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