Great pic, Mandelbrot! Totally in the spirit of the thread!
The New Psychology of Trading
- Thread starter Duref Mudgins
- Start date
And to confuse you further as to where or not this was a joke thread, here's what they might look like, with three additions I can't reveal, if you assembled them into a complete alert, entry, hold, and take profit system of undicators.
I will second that.
Cant help wondering though, that if this is yet another fine example of the monkey carry trade, what if the car hits them.
Would you say that a 2 lot position has just been flattened.
Obviously, with Duref's vast asian soup kitchen connections, the position has already been hedged.
regards
f9
exactly hyp exactly.
yet another fine example of a flattened position.
I was grasping for the words to best describe my last post, but as usual hyp you were right there for me with all the correct tools.
I can smell the rogan josh a la monkey brewing already from here in Buenos Aires.
cheers
f9
-9, I owe it all to Jack. When he talks about "change", I think, what would "unchange" look like? He says "continuation", I wonder, how would I measure "discontinuation"? He advises always "reverse", I am tormented, should I ever "irreverse"? He talks of three levels of "pace" in voume, but I agonize over an unrevealed fourth, "underpace". Jack recommmends diligently "sweeping", when all I want to be doing is lazily "sleeping" until an alert sounds. Jack has "sports" memory, while my memory barely comes in spurts. Such philosophical issues keep me awake at night.
Sincerely I do not know. Spydie I totally get, a swell fellow, even condescends to PM with me. But Jack? Does he TALK the way he WRITES? I would love to "walk this way" behind him for a day to see if I could "get" him. How the hell can he have practically the same education I do, and all the same mathematical tools, and approach the market with so little interest in modeling it by unambiguous algorithms? And be content to trade what amounts to an aided discretionary system? He sees what appears to be a bounce off a channel, and I suppose trades it. I look at that same putative bounce and ask, "Is it really"? What are the exact mathematical conditions which make it so? And how he he make leap-of-faith trades using system components which are so tenuous? I make my codes build my confidence like this:
"OK, we're fixin' ta near a reversal."
"Now we might be in the middle a one."
"Fer sher we are, dummy, did you execute?"
"Take you hand off the wheel, twitchy, I'm driving now, trust me."
"OK, wake up, this move is gettin' old fast."
"NOW you can push the fucking button!"
"OK, we're fixin' ta near a reversal."
"Now we might be in the middle a one."
"Fer sher we are, dummy, did you execute?"
"Take you hand off the wheel, twitchy, I'm driving now, trust me."
"OK, wake up, this move is gettin' old fast."
"NOW you can push the fucking button!"
He is interesting, it's true. Think about it:
If you DID have the surefire key to market riches, would you share it with anonymous fools?
If you WERE getting rich trading, would you have a high public profile?
If you WERE an accomplished author, wouldn't you know the difference between a book and a monograph?
If you COULD trade well, wouldn't you sucker in some poor schmuck like, say, Hypo, with a sporting public wager just to humiliate him?
If you DID have a horde of code monkeys softwareing your "system", wouldn't the results look more professional?
If you WERE filthy rich from trading, wouldn't you be seen in the hottest clubs in Dubai with three four-foot-tall Thai monkey girls?
If you WERE a market genius, wouldn't CNN, CNBC, FOX and the WSJ be camping out on your front lawn?
Mind, I'm just talking about what the reality of MY life as a brilliant trader is like.
If you DID have the surefire key to market riches, would you share it with anonymous fools?
If you WERE getting rich trading, would you have a high public profile?
If you WERE an accomplished author, wouldn't you know the difference between a book and a monograph?
If you COULD trade well, wouldn't you sucker in some poor schmuck like, say, Hypo, with a sporting public wager just to humiliate him?
If you DID have a horde of code monkeys softwareing your "system", wouldn't the results look more professional?
If you WERE filthy rich from trading, wouldn't you be seen in the hottest clubs in Dubai with three four-foot-tall Thai monkey girls?
If you WERE a market genius, wouldn't CNN, CNBC, FOX and the WSJ be camping out on your front lawn?
Mind, I'm just talking about what the reality of MY life as a brilliant trader is like.
Let's talk for a minute about a very real psych issue on ET: ppeople who PRETEND that they trade. How do we distinguish such chronic liars from those who truly have something of value to share?
Here's how I do it. I read their posts carefully for evidence that they have discovered idiosyncratic behaviors in the instrument they trade. For example, I trade NQ. I have observed at least eleven quantifiable behaviors that I have never seen any other NQ trader mention here. Of course, I would never mention them, either, because they are so profitable when exploited. But then I am a not a generous person. I am a taker. A prick.
Now Jack, on the other hand, professes to be generous and caring, a giver. I have NEVER read in any of his posts that he has seen the kind of startlingly idiosyncratic behaviors in ES that I see in NQ. So I conclude that either he's holding back, like I do, or he doesn't trade enough to get it.
Here's how I do it. I read their posts carefully for evidence that they have discovered idiosyncratic behaviors in the instrument they trade. For example, I trade NQ. I have observed at least eleven quantifiable behaviors that I have never seen any other NQ trader mention here. Of course, I would never mention them, either, because they are so profitable when exploited. But then I am a not a generous person. I am a taker. A prick.
Now Jack, on the other hand, professes to be generous and caring, a giver. I have NEVER read in any of his posts that he has seen the kind of startlingly idiosyncratic behaviors in ES that I see in NQ. So I conclude that either he's holding back, like I do, or he doesn't trade enough to get it.
I don't recall if I ever really helped you or not, I guess I just assumed you know what I know
anyway, NQ is no different from lets say price of rice
you need to focus on basics that make up a trend and counter trend. And for god's sake drop the indicators.
I am not saying you ain't makin money, but you sure as hell are not doing it shall we call it "the natural way"