TRADING GAPS Properly

[circadian]

Quote from milimabuse:

well, let me tell you what my first boss back in the {90ies} at Salomon told me:

"The difference between a genius and fools is time. Time for the fools to start believing the genius"

Did your boss from the "ninety-ies" sound as genius as you when he said it?

Look, don't take offense, just stop with the "cheesy-ies" sales pitches.

 

[Ivanovich]

milimabuse, please stop posting links to your site. If you wish to become a sponsor at ET, you may contact Baron for more details.

Thank you for your compliance.

 

[milimabuse]

..see...
if you knew who the boss at Salomon was in the 90ies, you' d know he was a genius...

what I find quite amazing is that none you guys actually "explained" why gapstrader shouldn' t work...!

how 'bout some insights from your side, before you puke in a soup you've never eaten??

 

[focusonmoney]

Quote from milimabuse:

Okay, here' s a BIG truth you'll almost never hear about trading:

99.999% of systems DON'T work!
Here' s why:

Forget all technical indicators - MA, MACD, RSI..etc etc..

the market can ALWAYS get more oversold when you thought you' re buying at oversold, and if you happen to be a channel breakout buyer, well it can crush you and take out all your stops the next minute.

It CANNOT work, because a stock can ONLY go UP or DOWN, it' s like Roulette red/black with the ONLY advantage being that you don' t lose when the table hits 0 'cause that' s when the stock doesn' t move...

So no indicator in the world can predict the market. it all comes out to luck in the end if you use indicators:
you could have a "winning series" where your Elliott waves work perfectly, you make 50% in 3 months, and think you' re the King of the World..just to get cocky enough to languidly stumble into a dull range or even worse a "back to beginning" bear phase, where all your "dip-buying" eats your profits...


don' t we all know this? haven# t we all been there..?

so why do 99% of traders still look for the holy indicator grail..

forget it!

There are 2 things that work.
Here' s one. I know the fella who invented and traded this at a major firm and made real dough!




Read carefully, and figure yourself how LOGICAL this is!

I thought this post was suppose to be about trading gaps? First off, all systems don't have to have indicators.. So you are wrong about that.. Second, indicators aren't suppose predict the market..

Tell me, what method are you using to trade the market?

 

[milimabuse]

dear Ivanowitch,

have you ever considered banning people who call others "idiots"..?

I think THAT would be the appropriate beginning.

 

[milimabuse]

dear focusonmoney,

the method is simple, it is the stock selection that is of interest. read software explanation

 

[BVM88]

Quote from milimabuse:

no. I'm a real trader with 10 years of successful, pro trading on my back

but it appears more and more to me that this forum is massively populated by guys with ego problems instead of serious traders exchanging ideas...

pity

You look like the one with the ego problem to me, just read your posts again without giving any thought to how great you are and you'll see it too.

 

[milimabuse]

in 1 hour on this forum I have re-learned all about human nature:

I. hate anyone who appears to know something better than you

II. try immediately to discredit that person in order to feel better in you own deficiencies

III. insulting is the shortest way to go since humans are in essence lazy

once again: I am amazed at how all these posts either attacked ME or gapstrader, but NOT a SINGLE person actually said WHY gapstrader shouldn' t work from a PURE TRADING perspective !

amazing