The Ultimate DAX Scalping Discussion Thread!
- Thread starter Scientist
- Start date
LOL! That is always a good question... Challenging!
Don't worry, the mods will be here soon to remove the LongShot posts. Baruch, you probably haven't been on ET for so long - In case you don't know yet - By preference you're not supposed to reply to LongShot/FPC and his aliases at all. It may seem tempting to reply to his provocations, but they're nothing but flamebait and troll posts. You can read his post history to verify it. He is ET's #1 troll and troublemaker.
Why he hates me I'm not too sure, but it is clearly reflected by his and his boyfriend's (Gordon Gekko) various "Should Scientist be...", "Do you believe Scientist..." and so on threads. It has become his favorite hobby on ET. He, GG and their countless aliases will go to any effort to spread lies about me and slander me, discredit me, and just spit $hit across the place. You don't have to believe me - You can verify yourself by reading their post history.
On top of that come amazing facts like the sudden surge of "Anti-votes" on the "Should Scientist... bla bla" threads. First they open a thread in some obscure place like feedback and chit-chat, and within less than a few hours, there will be 30+ votes against me. A day later or so, when others discover the thread, all of a sudden there are "pro" votes or "neutral" votes being casted. Does this look obscure to you? It's the power of multi-aliasing. That's what they do. They're like the Al'Quaeda of ET.
And in case you've wondered why 100% of people on all their "Anti-threads" fail to verify their "claims" against me or what I've "supposedly said", it's because LongShot & Co. have claimed somewhere that I have. As people do their own research, they find nothing. Still, Chinese whispers are a powerful form of character assasination, and so the LongShot era perpetuates.
Baruch, any moderator on ET will tell you this explicitly : "PLEASE DO NOT reply to LongShot posts! Just ignore him and he will go away!"
Again, you don't have to believe me - Just go and PM any moderator you like, to verify this!
OK Baruch, now you know what's the fuzz. Thank you for your consideration, and I hope we can pick up the rope in this thread again.
Hey Baruch, I don't really have a problem with it. It only means positive reinforcement for me, because it tells me I'm going in the right direction!
I will clarify this: As you probably know, 95% of day traders in stocks, and I think 97% in futures do not succeed. The same applies on ET. Whenever you have the 3% or 5% on your side, you will have 95%+ against you. It also means that 95% of people are simply "wrong" with their views about trading. This isn't nice odds, but it's exactly what creates the atmosphere on ET.
Being here, you have exactly 3 choices of being active:
1) Clueless trader (always welcome)
2) Cluey trader with mouth zipped tight (nobody cares)
3) Cluey trader with mouth open (very unwelcome)
I'm not implying being any of these in particular, but take it as a warning that whenever you want to speak out and contribute something, you will get fire, particularly from the trolls who know nothing. Just look at the thread mBear just started - Got flamed immediately! Remember Mark's DAX thread? First pages were flames, accusations and allegations!
Reality is, most of those trolls are just frustrated wannabe's, who lost their wad and decided to diminish others as a pastime. Just go and ask LongShot & Co. a few simple questions about trading. They will hardly answer!
Then go and ask me. Go on, challenge me. Chances are you will get an honest answer. I have so far answered every question in this thread, and I don't hesitate to do so.
This alone should enable you to do your own, independent judgment.
Full Stop.
Hi madf, interesting reply. As for self-control, both bodily and mentally, and being at peace with yourself - That is exactly what Karate's main purpose is. But afaik the same applies in Ju-Jitsu - Not?
20 miles a week is a damn good run. That's 4.5km a day! I used to do this about 2 years ago, but think I need to go back into it, haven't run myself for a while - I know how empowering it is, not to mention the free adrenalin you get. But then the potential damage you can do to your joints etc worries me, too... So I'm considering extended swimming or the like, since it gets the same things going, but trains every muscle etc as well, while not possibly doing any damage to yourself the way jogging or running does, since you're not constantly defying gravity, but rather working a higher-resistance (than air) medium to get your muscles active...
Hmm. As for self-repair etc - I went in on that in the running bit above - Which requires considerable self-repair! Certainly a lot more than most martial arts do (and boxing doesn't count here lol). How about "slowing reactions but also maturity and experience"? Karate is intended for exactly the purpose of preserving and honing these characteristics. Grandmaster Sensei Enoeda died a few months ago at age 69, still practicing every day, keeping himself fit. My grandmaster, another sensei of Japan and president of JKA Australasia, is well over 70 now afaik - And I do not have the remotest chances to even come near him. His reflexes and reactions are much faster than mine or anyone's in the souther hemisphere for that matter, there's no doubt about it. Speaking of self-repair, he has somehow picked me as his "demonstration piece" out of about 70 Karateka in my league, and everytime he comes for training & grading, he will show everything on ME! Somehow, I've become his favorite, and I literally have to suffer for it, with sticks and every tool available... I think it goes way beyond the comprehension of most westerners to imagine how hard Asians train. I know and fear from my local sensei that he is going to 'propose' to train me - which means about 3 weeks on his estate in Japan, getting up at 5am, training till about 12am, then break & sleep till 2pm, then training again till 9pm, then finally sleep 4h, then midnight training again from 1am-2am, then sleep till 5am. Or something like that. Admitted, you get almost 9h sleep for self repair, but as a balance for jumping between sticks, leaping, blocking, throwing for 15 hours a day, that seems more than fair. A Karateka in my dojo is a 15-year-old girl who now is Australian champion (and world ranking) and has been there for about the last 3-4 years. She has undergone the same kind of training with our grand sensei in Japan - and no mercy! :eek:
Not to mention, she's also achieved 2nd dan (2nd black = 2nd master grade), a rank higher than mine, and certainly one that most (JKA) Shotokan Karateka never achieve. She long has all the badges, and I've never seen her lose in combat with anyone, no matter what age, and particularly not in freestyle combat! Such achievements humble me. When you think about what a 12-year-old could achieve with discipline, determination and perseverance, I think it is a great lesson for anybody like a trader even. She certainly has been a great lesson to me. (And nothing affectionate LOL, just fellowship and respect).
But, moving away from the "exceptionals", it is to be said that most people in my dojo are older than me, including a few people well into their 50's, saying "it's the only thing to keep them young", including my local sensei, also in the summer of his life.
This is not a plug for Karate, but more for martial arts in general, I believe them to be brilliant to foster the ideal mindset required for trading. I used to train at Ninjukai (Ninjutsu & Taijitsu) as well as Taekwondo, and similar spirits apply there.
I can imagine doing a 20 mile marathon would do injury to you. I do not, however, think that this is limited to people in their 50's -
As they say: "You are as young as you feel!" Thanks for your reply!(I still feel around 30 despite all that
Scientist
OK - I have asked for others to think about these rules and interpret them to trading - But it seems no one else has thought about it. I do indeed wonder why I contribute to this thread, if nobody else says much? Maybe my heart is a little too big for this world and I really should just walk off and leave everyone here to it instead of wasting my time.
But, I'll post my own "translation" of the Niji Kun here, and then I'll leave you guys to it. Here we go:
Karate is not only dojo training.
Trading is not just making money.
Don't forget that Karate begins with a bow and ends with a bow.
Respect your opponents. Respect the market, from the moment you sit down in the morning. They all want the same thing you do. You can 'fight' all day long, but at the end of the day, when the closing bell rings, you are a fellow trader like everyone else.
In Karate, never attack first.
In the markets, don't jump the gun. Be patient, let the newbies jump in head first, then make your move.
One who practices Karate must follow the way of justice
When you're trading, make sure you know the rules of the game, it's as important as anything.
First you must know yourself. Then you can know others.
Speaks for itself.
Spiritual development is paramount; technical skills are merely means to the end.
Focus on psychology, not technical analysis.
You must release your mind
Look beyond what you can see. Think about what is happening.
Misfortune comes out of laziness.
Do your homework diligently, or trading will become an expensive little hobby.
Karate is a lifelong training.
Never think you know everything. In trading, you can learn something new every day.
Put Karate into everything you do.
Use the lessons you've learnt from the market and apply them to improve your overall life.
Karate is like hot water. If you do not give heat constantly it will again become cold.
Make sure you stay up to date. Don't just walk away for weeks, come back & think you're king!
Do not think you have to win. Think that you do not have to lose.
Amen. This could be a Douglas quote (although I don't believe Douglas is god LOL)
Victory depends on your ability to tell vulnerable points from invulnerable ones.
This is a good one. Know which "edges" work and which don't.
Move according to your opponent.
Don't do what you think is "right". Watch what the market is doing!
Consider your opponent's hands and legs as you would sharp swords.
Never underestimate the power of market velocity. Once it goes, it goes fast.
When you leave home, think that millions of opponents are waiting for you.
Whenever you start trading, be prepared for the worst. You have countless competitors.
Ready position for beginners and natural position for advanced students.
As a beginner, you need 100% focus. Later on, you can do other things and relax etc.
Kata is one thing. Engaging in a real fight is another.
Simulator trading is not real trading.
Do not forget (1)strength and weakness of power, (2)expansion and contraction of the body, (3)slowness and speed of techniques.
Do not forget (1) Strength & Weakness of Volume (depth), (2) expansion and contraction of the trading range, (3) Slowness & Velocity of the market and respective approaches.
Devise at all times.
Amen to this, too.
But, I'll post my own "translation" of the Niji Kun here, and then I'll leave you guys to it. Here we go:
Karate is not only dojo training.
Trading is not just making money.
Don't forget that Karate begins with a bow and ends with a bow.
Respect your opponents. Respect the market, from the moment you sit down in the morning. They all want the same thing you do. You can 'fight' all day long, but at the end of the day, when the closing bell rings, you are a fellow trader like everyone else.
In Karate, never attack first.
In the markets, don't jump the gun. Be patient, let the newbies jump in head first, then make your move.
One who practices Karate must follow the way of justice
When you're trading, make sure you know the rules of the game, it's as important as anything.
First you must know yourself. Then you can know others.
Speaks for itself.
Spiritual development is paramount; technical skills are merely means to the end.
Focus on psychology, not technical analysis.
You must release your mind
Look beyond what you can see. Think about what is happening.
Misfortune comes out of laziness.
Do your homework diligently, or trading will become an expensive little hobby.
Karate is a lifelong training.
Never think you know everything. In trading, you can learn something new every day.
Put Karate into everything you do.
Use the lessons you've learnt from the market and apply them to improve your overall life.
Karate is like hot water. If you do not give heat constantly it will again become cold.
Make sure you stay up to date. Don't just walk away for weeks, come back & think you're king!
Do not think you have to win. Think that you do not have to lose.
Amen. This could be a Douglas quote (although I don't believe Douglas is god LOL)
Victory depends on your ability to tell vulnerable points from invulnerable ones.
This is a good one. Know which "edges" work and which don't.
Move according to your opponent.
Don't do what you think is "right". Watch what the market is doing!
Consider your opponent's hands and legs as you would sharp swords.
Never underestimate the power of market velocity. Once it goes, it goes fast.
When you leave home, think that millions of opponents are waiting for you.
Whenever you start trading, be prepared for the worst. You have countless competitors.
Ready position for beginners and natural position for advanced students.
As a beginner, you need 100% focus. Later on, you can do other things and relax etc.
Kata is one thing. Engaging in a real fight is another.
Simulator trading is not real trading.
Do not forget (1)strength and weakness of power, (2)expansion and contraction of the body, (3)slowness and speed of techniques.
Do not forget (1) Strength & Weakness of Volume (depth), (2) expansion and contraction of the trading range, (3) Slowness & Velocity of the market and respective approaches.
Devise at all times.
Amen to this, too.