No one can teach you to trade, as you will have to be 100% submissive to your mentor, and that is not in your psyche, I can already see that. So your best bet is to gather the requisite tools and build a system for yourself.
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No one can teach you to trade, as you will have to be 100% submissive to your mentor, and that is not in your psyche, I can already see that. So your best bet is to gather the requisite tools and build a system for yourself.
ok so i watched the same graph i was looking at yesterday and did not see any good entry points as the trend lines were not too parallel.
but as i was waiting for things to unfold, I started putting in some lines, then i extended the lines,,, i noticed that when these lines were extended they always hit another place that the stock had trouble crossing. More importantly a little resistance initially turned in to more resistance in the future. I have not read any thing about this
before, i mean as far as extending these lines to another point in the graph,,
I've only seen it done where the line is horizontal only as if to say that there is a psychological price barrier,
In this case it seems that this barrier changes as time goes on its not a number that is the barrier but rather a tend line.. Its very intresting have a look at the attachment and share your thoughts diid i discover something new?
but as i was waiting for things to unfold, I started putting in some lines, then i extended the lines,,, i noticed that when these lines were extended they always hit another place that the stock had trouble crossing. More importantly a little resistance initially turned in to more resistance in the future. I have not read any thing about this
before, i mean as far as extending these lines to another point in the graph,,
I've only seen it done where the line is horizontal only as if to say that there is a psychological price barrier,
In this case it seems that this barrier changes as time goes on its not a number that is the barrier but rather a tend line.. Its very intresting have a look at the attachment and share your thoughts diid i discover something new?
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Have seen assorted posts, but:
1. What is this indicator? What does it purport to do? Does it predict?
2. Charts that show it?
Looking for examples for book.
You missed the point of my comment since you are CW oriented.
The principle for trading is staying on the correct side of the market; this dissolves the need for formal mone management and portfolio monitoring.
staying on the correct side of the market is done by using "reversals in lieu of "entries. Time in NOT the independnet variable of markets and "events ARE the independent variable of the markets.
how a person grasps and learns about market is done by work. Work is usually in the form of a prescribed set of purposeful drills. By not having done work in the form of drills, you have not as yet learned the alternative to the CW and, thus, you still persist in dong CW at the peformance level of CW which you characterized as ( ) commnets but neglcted to add the time duration for the ( ). I presume it is daily or weekly depending upon knowldge and skills and experience. These ( ) are daily for experts and weekly for intermediates.
Please refr the the Q's I answered for SKO, recently in the Exact Science thread which I have been accused of hijacking.
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Money management is much more important than entry/exit and portfolio selection can easily be much more important than money management.
You are not really arguing against that?
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What is this 'bring out the gimp' time?
Everyone learns from someone ... and learning does not mean 'submission'.
Portfolio selection really interests me. Mr. Covel , Portfolio example you posted from one of the fund managers, is encompassing almost all the commodities you can think of. Maybe uranium is missing, (it has had a good run lately, perhaps a start of a new trend.) Anyways, you mentioned earlier that certain characteristics which are looked over for portfolio selection were : Liquidity, Trendiness and Correlation.
Trendiness interests me, how does one determine trendiness? Better question is how do these managers quantify trendiness ??
Also if you can direct me to some good portfolio management/selection literature it would be appreciated.
Thanks
Trendiness interests me, how does one determine trendiness? Better question is how do these managers quantify trendiness ??
Also if you can direct me to some good portfolio management/selection literature it would be appreciated.
Thanks