Timing Market Turns

Quote from cnms2:

I always wondered why somebody who has a successful trading system would charge a fee to share it with others. If it is successful he doesn't need the money. If he thinks that sharing it, his system will become obsolete, why share it at all?Quote from W. B. Busin:

I hope never. :)

WBB
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[/QUOTE]

Why indeed, cnms2!

Why does a trader love one indicator and despise another while the trader next to him feels the opposite way about the two indicators?

Trading systems or indicators or cycles or waves or black boxes are plentiful enough to fill the dreams of all traders past and present.

I have known traders and investors who would lose money with tomorrow's Wall Street Journal in hand. They have not invested in the one thing that eventually pays to the bottom line. They never invested in themselves.

Over 90 millions in the U.S have some participation in the markets. Most could not bear the stress of trading or even trying to decide into what to invest their savings. Ahoy, mutual funds!

Go ahead and share a trading system with someone. Educate them about it. Show them many set ups formations, etc. Then in real time, show them the set up as a developing trade. Then watch them hesitate, sweat and then fail to execute. Most would destroy a dummy trading account, wouldn't they!

No two people trade the same or possibly even similarly. They may use the same tools or techniques, but how can two people react the same, with the different emotional baggage they bring to the market's casino. It's not possible as I view people.

Traders aren't born, they are built, stone by stone. the same with active investors.

The real truth of this issue is this: analysis and trading are as similar as, having an opinion on a horse in a race and, being the jockey on that horse. Same universe, different worlds.

That's another reason why I always say, cnms2 -

Good Trading and God bless :)

W. B. Busin
 
W.B.

Are you going to be attending the Money Show in Las Vegas in May? Do you do public speaking. I'd love to hear you speak.

Thanks for clearing up that I'm not you. :)

Gary
 
hi W.B. - i can't help but notice that this structure here is increasingly looking like the second half of 2003, i.e. no downside so far... - naturally this will resolve with a good move up or down eventually, but with your recent reversal trade i am glad to see that you are not trying to catch only the turns, hence i am mentally renaming this journal to "Timing Market Turns and/or Continuations, as the market may wish" :) - thanks for all your efforts and all the best.
 
Quote from Gary Gee:

W.B.

Are you going to be attending the Money Show in Las Vegas in May? Do you do public speaking. I'd love to hear you speak.

Thanks for clearing up that I'm not you. :)

Gary
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Answers to your questions in order: No and no. :)

WBB
 
Quote from fader:

hi W.B. - i can't help but notice that this structure here is increasingly looking like the second half of 2003, i.e. no downside so far... - naturally this will resolve with a good move up or down eventually, but with your recent reversal trade i am glad to see that you are not trying to catch only the turns, hence i am mentally renaming this journal to "Timing Market Turns and/or Continuations, as the market may wish" :) - thanks for all your efforts and all the best.
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fader,

The next 6 to 8 weeks will be volatile and 'unpredictable'. It's daytrader gothic or daytrader glee. :) If a trader stays at the mark, a trader can make some expansion of his/her trading account. Just don't over trade. Taking small and quick wagers is the sensible track.

Catching turns is better than being caught by one, such as last week. Slogging through this topping bog is a true test.

I may not be able to drive like Fernando, but I can shift gears in the market like he does in the chicanes! What a guy - has it all! Yanks haven't discovered him yet.

Good Trading and God bless

W. B. Busin
 
W.B.

Are you aware that TimerTrac has an email newsletter that goes out periodically to anyone that subscribes to the email including non TimerTrac subscribers? It's called the TimerTrac Broadcast. The newsletter contains plugs by developers such as yourself for their service and market commentary written by the developer. This might be a good way to get the word out on your service and to warn others about the upcoming market decline.

I've attached a PDF file of the last TimerTrac Broadcast email.

Gary
 

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