Alright so I've decided to throw my hat into the journal ring. Here goes:
The reasoning:
1. I think it will be good for ET to have a trend-following journal with some setups discussed including entry/stop/exit.
2. I'm inspired by a great ET contributor, marketsurfer, and I feel that I should atleast attempt to contribute in the same manner.
3. I occasionally daydream of running a hedge fund, making the big plays, being the top dog, being the best. I don't have the typical
industry background nor do I have access to a bunch of wealthy individuals of a speculative nature. I doubt I'm going to attract
a talent scout or large investors on ET, but what the heck, it's public record, win or lose, and you never know who is reading.
The method:
1. I'm not going to go into alot of details, and I am not planning to divulge all the intracacies of my system, but let me say it is 90% common-sense and can be derived pretty easily. I have worked long and hard on it, and simplicity was the end result (ironic eh?).
2. That being said the general theory is that I'm looking for pullbacks in a trend, and then I'm looking to enter an issue that tips its hand when there is an exhaustion of supply/demand. Market transparency reveals itself eventually, patience is the key.
3. The time frame of most of the trades will be either intra-day, or for the multi-day timeframes 3-5 days.
Disclaimer:
1. This is a trading thread, not a flame thread, personal attacks will simply be ignored.
2. I don't guarantee any performance whatsoever, but I do guarantee timely entry/exit/stop numbers.
3. I have no set plans as to how long I will run this journal.
The game is poker, so let us play some cards!
Goodluck,
The reasoning:
1. I think it will be good for ET to have a trend-following journal with some setups discussed including entry/stop/exit.
2. I'm inspired by a great ET contributor, marketsurfer, and I feel that I should atleast attempt to contribute in the same manner.
3. I occasionally daydream of running a hedge fund, making the big plays, being the top dog, being the best. I don't have the typical
industry background nor do I have access to a bunch of wealthy individuals of a speculative nature. I doubt I'm going to attract
a talent scout or large investors on ET, but what the heck, it's public record, win or lose, and you never know who is reading.
The method:
1. I'm not going to go into alot of details, and I am not planning to divulge all the intracacies of my system, but let me say it is 90% common-sense and can be derived pretty easily. I have worked long and hard on it, and simplicity was the end result (ironic eh?).
2. That being said the general theory is that I'm looking for pullbacks in a trend, and then I'm looking to enter an issue that tips its hand when there is an exhaustion of supply/demand. Market transparency reveals itself eventually, patience is the key.
3. The time frame of most of the trades will be either intra-day, or for the multi-day timeframes 3-5 days.
Disclaimer:
1. This is a trading thread, not a flame thread, personal attacks will simply be ignored.
2. I don't guarantee any performance whatsoever, but I do guarantee timely entry/exit/stop numbers.
3. I have no set plans as to how long I will run this journal.
The game is poker, so let us play some cards!
Goodluck,
