Trading Dummies

[KevinK]

http://maoxian.com/archive/20050802.html

That is an entire chat on the system. I have been trading it a little using 15 minute bars profitably. BEBE was one trade i was in that was mentioned in this journal. I feel the key is having a good market scanner running, and feeding into one of your monitors.

 

[Babak]

Jeebus! Kevin, simmer down man!

What are you trying to pull?!! get everyone over here playing dummies?

shhhh!!

Let them spend the next 3 years hashing and re-hashing, indexing and mapping then re-indexing and re-mapping Jack Hershey's meandering nonsensical drivel.





But seriously, if anyone is interested to learn more about MaoXian's non-dummy trades, you can look at these:

http://www.maoxian.com/trade.html

They are pretty old but they go over his main bread and butter play which is shorting. Apparently he loves to short. I think they are still useful to learn from. [sigh] I just wish VTSS would have 8 point intraday moves like that.

 

[KevinK]

Quote from Babak:

Jeebus! Kevin, simmer down man!

What are you trying to pull?!! get everyone over here playing dummies?

shhhh!!

Let them spend the next 3 years hashing and re-hashing, indexing and mapping then re-indexing and re-mapping Jack Hershey's meandering nonsensical drivel.





But seriously, if anyone is interested to learn more about MaoXian's non-dummy trades, you can look at these:

http://www.maoxian.com/trade.html

They are pretty old but they go over his main bread and butter play which is shorting. Apparently he loves to short. I think they are still useful to learn from. [sigh] I just wish VTSS would have 8 point intraday moves like that.

:bah:
This is clearly an environment where it is harder to make money than when CM was posting his series. I am not discrediting CM or anything, but I think TraderMike (TM) is a better resource for dummy trades now. I think it is easier to read his work considering the volatility is not good compared to the good old days [as you referenced in vtss].

just my .02

 

[KevinK]

I just got long 2,000 PDLI as it broke the 4th bar on the chart (inside bar) (15 minute) Stop goes above the high of the inside bar. I will post a chart later.

 

[KevinK]

i got stopped out...i am in a few dif. positions i will update on though.

 

[KevinK]

I have also been short FNSR since it broke inside bar, stop at low of previous inside bar.

 

[KevinK]

Also long SEPR--
i will post all the charts later

 

[KevinK]

All trades small losers. That's why we keep the stop relatively high.

 

[rtstrading]

Quote from KevinK:

I just got long 2,000 PDLI as it broke the 4th bar on the chart (inside bar) (15 minute) Stop goes above the high of the inside bar. I will post a chart later.

If long why the stop at the high of inside bar?

If stop at low of inside bar, then how did you get stopped out?

 

[KevinK]

Quote from rtstrading:

If long why the stop at the high of inside bar?

If stop at low of inside bar, then how did you get stopped out?

I don't really understand what you are asking. btw, I am brainstorming trailing stop methods, as today I had many gains I gave back. Any thoughts?