Trading Wisdom for Aspiring Hedge Fund Managers

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Quote from cdcaveman:

you love talking in CODE Jacky... forget putting things in laymens terms where a wider range of people could consider what your saying.. i've got a hex editor i think i'm going to funnel your posts into and see if they make anymore sense..



Cloaking one's statements in mysterious impenetrable gibberish, instead of speaking clearly and plainly, is a classic device of oracles, shamans, gnostic seers, and other such shepherds in search of gullible sheep.

The trick is in getting your acolyte to mistake complexity and opacity as hallmarks of a secret knowledge. Then, once hooked, said acolyte can be exploited, perhaps indefinitely, as he strains and struggles to understand the secrets for himself. The more gibberish that the shepherd speaks, the more entranced the sheep becomes. Quite the parlor trick.
 
Quote from darkhorse:

Cloaking one's statements in mysterious impenetrable gibberish, instead of speaking clearly and plainly, is a classic device of oracles, shamans, gnostic seers, and other such shepherds in search of gullible sheep.

The trick is in getting your acolyte to mistake complexity and opacity as hallmarks of a secret knowledge. Then, once hooked, said acolyte can be exploited, perhaps indefinitely, as he strains and struggles to understand the secrets for himself. The more gibberish that the shepherd speaks, the more entranced the sheep becomes. Quite the parlor trick.

oh cause i was sitting here jamming all his threads into my hex editor waiting for the holy grail indicator to come out.. FUCK.. hhaha ok back to learning C#,visual basic, pairs trading, and my books..
 
Quote from cdcaveman:

oh cause i was sitting here jamming all his threads into my hex editor waiting for the holy grail indicator to come out.. FUCK.. hhaha ok back to learning C#,visual basic, pairs trading, and my books..

Just be careful or you'll wind up like this guy

<iframe width="560" height="315" src="http://www.youtube.com/embed/zQYYGwYTPuY" frameborder="0" allowfullscreen></iframe>
 
Quote from darkhorse:

Just be careful or you'll wind up like this guy

<iframe width="560" height="315" src="http://www.youtube.com/embed/zQYYGwYTPuY" frameborder="0" allowfullscreen></iframe>

HAHA.. AWESOME classic... i occasionally have a few friends talking that delusional..
 
on a side note.. hahah
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Quote from darkhorse:

Cloaking one's statements in mysterious impenetrable gibberish, instead of speaking clearly and plainly, is a classic device of oracles, shamans, gnostic seers, and other such shepherds in search of gullible sheep.

The trick is in getting your acolyte to mistake complexity and opacity as hallmarks of a secret knowledge. Then, once hooked, said acolyte can be exploited, perhaps indefinitely, as he strains and struggles to understand the secrets for himself. The more gibberish that the shepherd speaks, the more entranced the sheep becomes. Quite the parlor trick.
LOL.

Need not to feel angry. You can take virtually none of his dwarfs understand what he is talking about though he thinks they do.

CCC is actually a larger inside bar formation. Price will breakout one day in one direction upon the larger picture. Uncloaked.
 
Quote from Paddler:

LOL.

Need not to feel angry. You can take virtually none of his dwarfs understand what he is talking about though he thinks they do.

CCC is actually a larger inside bar formation. Price will breakout one day in one direction upon the larger picture. Uncloaked.


Eh, no anger. More amusement actually.
 
jacky actually amuses the fuck out of me to... like i wanna put him up on a stand have him talk and laugh with my friends kind of amusement.. yeah.. like a clown..
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Trading Wisdom 07: Dealing in Active Stocks

"Dealings should be in the active stocks. In order to make a profit, a stock must move. A great deal of money and many opportunities are lost by traders who keep themselves tied up in stocks which are sluggish in their action. In a commercial line you would not carry goods on your shelves indefinitely - you would keep your stock moving. In trading, keep on moving stocks!"

- Richard D. Wyckoff, How I Trade and Invest in Stocks and Bonds

JS Comment:

Do you account for factors like volatility, trading range, and trending behavior in the stocks you trade?

Do you have a habit of allowing 'dead money' positions to tie up capital in your account?

Do you have criterion for kicking out laggards, even if they haven’t hit your risk point?


Buy ‘How I Trade and Invest in Stocks and Bonds’ on Amazon

Get Trading Wisdom via e-mail
 
Trading Wisdom 08: Avoiding Bad Races

"But there is no use kidding: The professionals keep out of switches by waiting for the sound overlay spots. They don't play the bad races at both ends of the daily programs. They don't play bad races - period! When they feel the least bit of doubt, they walk away from the mutuel windows and step into the bar for a leisurely drink that will last until a better spot comes along."

- Robert L. Bacon, Secrets of Professional Turf Betting

JS Comment

How much emphasis do you place on 'picking spots'?

Do you find yourself trading just for the action, without consideration as to whether it’s a good time?

Are you ever tempted to implement 'okay', 'decent', or otherwise 'middle of the road' trading ideas that cost money in the long run via lack of clear edge, because your vetting process is not rigorous and disciplined enough?

How much might performance improve if you divided your range of trading setups into thirds - taking as many repeated variables into account as possible - and then eliminated the bottom 33%?


Buy Secrets of Professional Turf Betting on Amazon

Get Trading Wisdom via e-mail
 
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