Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
I can say, that here I'll
take a little poetry break.
And, before I forget,
ungrateful asshole that I am,
I haven't thanked the originator/s of this thread till now.
Thank you for staying with those of us and me that
are working through this thread.
Also, thank you for the black box thread.
I know it has to be hard to see narrow minded people
coming into thread and posting disparaging comments and
then personally attacking you for posting what you post.
It's internet anonymity is all.
Like the soccer mom that road rages in the suburban.
Degradation of society and civility.
Not logical, and like I have learned, logic, the market, my behavior
still defies logic.
I had quite a week this week.
I had a $300 net loss in my account since I took it back.
Now it is -$94.
Actually the account is negative $4000, the account was being managed and suffered some losses.
Small account and I know you guys do big trades and the market is no place for the little guy is what I have been told.
I truly am coming to realize the wisdom of what you write.
I neglected to read things that are good for the mind.
I had wiped out the loss I created in my account, Friday.
Then I got taught a good lesson. Still exited the trade and made $149,
and could have had the $400 and ended up with $149.
I am ashamed.
take a little poetry break.
And, before I forget,
ungrateful asshole that I am,
I haven't thanked the originator/s of this thread till now.
Thank you for staying with those of us and me that
are working through this thread.
Also, thank you for the black box thread.
I know it has to be hard to see narrow minded people
coming into thread and posting disparaging comments and
then personally attacking you for posting what you post.
It's internet anonymity is all.
Like the soccer mom that road rages in the suburban.
Degradation of society and civility.
Not logical, and like I have learned, logic, the market, my behavior
still defies logic.
I had quite a week this week.
I had a $300 net loss in my account since I took it back.
Now it is -$94.
Actually the account is negative $4000, the account was being managed and suffered some losses.
Small account and I know you guys do big trades and the market is no place for the little guy is what I have been told.
I truly am coming to realize the wisdom of what you write.
I neglected to read things that are good for the mind.
I had wiped out the loss I created in my account, Friday.
Then I got taught a good lesson. Still exited the trade and made $149,
and could have had the $400 and ended up with $149.
I am ashamed.
Theres lots of ways of using blue, e.g. to flag up a doji or a range bar that is small compared to an average.
The sim trading facility on ProRealTime has often misbehaved on the few occasions that I've played with it, resulting in large gains that aren't realistic.
I'll try eSignal LiveCharts for a 'Risk-free, 30 day trial'.
What has been stated so far, is that
you have to start trading.
I have looked around for a sim and maybe
the one mentioned would be good to try.
I don't know if at this point it makes sense.
I went ahead and traded this past week.
Looking at what I have done
Bought INTC at $22.86.
My intent was to purchase a dividend core stock.
As of this Friday I have a 13.52 % loss, just on that stock.
I am comfortable with maybe one day trade and
then some holding a few days or longer.
Have been reading and re-reading, and have stripped
everything from the charts now. Only price and volume.
Through Fidelity, they have supplied Active Trader Pro,real-time quotes, level II quotes, and I have been learning how to enter orders with the software. They extended the trial period to the software, and it is not costing me to use it right now.Maybe not the best platform but this
is where I am now.
Edit:
There is no logic to the market. There is fear, greed, sickness,
HFT, (and the list goes on) working against me and for me, if I can perceive what is going on then I can execute a trade.
I forgot the most important thing.
I know nothing.
I know nothing about where the price is going.
I don't have to know where the price is going, the market will
tell me where it is going.
Look at time of day.
Take a piece of the move for the one day trade I will do.
Don't enter a trailing stop, but have it in mind and order screen up,
limit order to sell when it hits the price.
Don't be a pig.
Don't look for a big move, the "hit" that alot of people (self included)
fantasize about.
The black box thread has helped me to understand that the ego,
(I'm not a Freudian, but Behaviorist) is not my friend.
I have to work on my fear.
It is debilitating.
you have to start trading.
I have looked around for a sim and maybe
the one mentioned would be good to try.
I don't know if at this point it makes sense.
I went ahead and traded this past week.
Looking at what I have done
Bought INTC at $22.86.
My intent was to purchase a dividend core stock.
As of this Friday I have a 13.52 % loss, just on that stock.
I am comfortable with maybe one day trade and
then some holding a few days or longer.
Have been reading and re-reading, and have stripped
everything from the charts now. Only price and volume.
Through Fidelity, they have supplied Active Trader Pro,real-time quotes, level II quotes, and I have been learning how to enter orders with the software. They extended the trial period to the software, and it is not costing me to use it right now.Maybe not the best platform but this
is where I am now.
Edit:
There is no logic to the market. There is fear, greed, sickness,
HFT, (and the list goes on) working against me and for me, if I can perceive what is going on then I can execute a trade.
I forgot the most important thing.
I know nothing.
I know nothing about where the price is going.
I don't have to know where the price is going, the market will
tell me where it is going.
Look at time of day.
Take a piece of the move for the one day trade I will do.
Don't enter a trailing stop, but have it in mind and order screen up,
limit order to sell when it hits the price.
Don't be a pig.
Don't look for a big move, the "hit" that alot of people (self included)
fantasize about.
The black box thread has helped me to understand that the ego,
(I'm not a Freudian, but Behaviorist) is not my friend.
I have to work on my fear.
It is debilitating.
Quote from wasauskas:
3 years were gone, and so were 2 accounts
no tears would help, no book would count
one day I see, here on ET
the weirder shit, than cramer talking on TV
I have been blessed with high IQ,
the market told me what it thinks of it - it said fuck you
so I keep reading what NY writes
I guess some passwords and memorize some rhymes
it doesn't take a shrink to see
NY is old and doesn't want to charge a fee
the idiots attack and one thing's clear
TA was meant to keep them bare
I eat some tacos, then take a shit
wipe with TA, start feeling fit
the brain is free and starts to think
chaos is out, control is in
the months go by, I can't forget
about NY, about this thread
instead of trading Hollywood
I beg for change, play in the hood
I see the power of that change combined with time
20% in just few weeks by adding dime to dime
no sweat, no drawdowns, no pulse affecting risks
just bunch of horizontal lines on chart and boring ticks
I do not know what NY does,
but now I have my double zero,
what Jesus couldn't, NY did
so thanks NY(TE(TO)). You are a fucking hero!
The Story Of WS
one day i woke..it was no joke
the light was clear..just like the beer
i kicked my ass..for now alas
to see how blind..i was that kind
the price did move..into the groove
and in i went..but not all spent
the red did show..but so but so
and out i got..in a shot
now i wait..not catch the bait
for i do see..what make it be
the groove again..i use the pen
to know the size..and fill the eyes
but red again..the blasted pen
the good old box..has saved my SOX
i keep the cool..for now now fool
and play to show..double zero
three times is here..so in with cheer
this time the green..do show its sheen
the pen is quick..and makes it thick
it moves so nice..just like the dice
and NOW i know..the time to show
what makes it real..for all who steal
i close it all..and not so small
for size you see..what makes it be
the power is down..for time no clown
i do not risk..when all is brisk
let others do..what seems so true
but all i care..is bank not bare
so when you think..what's in the ink
know for sure..it is so pure
avoid the shite..with all your might
and soon you see..how it easy
the key is this..in case you miss
two times wrong..is no real song
the next one might..also be shite
what is will be..no change can we
but when in green..you watch that sheen
and move so quick..as if your dick
caught in your zip..up to your hip
just get it out..before you shout
alas and now..the big fat cow
it's udder's low..no milk will flow
but why care i..for i no boy
am now so tall..and yet so small
just think of this..and you will piss
2 wrong 1 right..no need to shite
the maths will show..how it will grow
and no more bliss..it's so so OBVIOUS
well done WS..you are using that big blob of grey matter stuck between your two ears..after all..that is exactly what it is there for..not for making money for a bunch of idiots who know everything about nothing
TO
Quote from Mysteron:
Theres lots of ways of using blue, e.g. to flag up a doji or a range bar that is small compared to an average.
The sim trading facility on ProRealTime has often misbehaved on the few occasions that I've played with it, resulting in large gains that aren't realistic.
I'll try eSignal LiveCharts for a 'Risk-free, 30 day trial'.
MN..i am going to give you another bollixin..as you seem to need it!
forget about all the shite!!!!!
you have access to live charts with a CFD account..do you not?
this is all you need..you can have volume showing at the bottom if you like but you do not need it..as most of it is meaningless and does not have any effect on the outcome if you stick to your plan
the $TICK is useful..that i will agree with..but again only at certain TIMES
take 1 stock..forget the rest..make sure it has an ADR of at least 50 cent and trades at least 2+ mil shares per day..trade the stock until you SEE what is actually happening..and WHEN
if you can master this for 1 stock..then bob's your uncle
and..remember..if your aunt had balls she would be your uncle
you must be prepared to work and not sit on your ass like most people do..the reason why most people lose money is because they are too damn lazy to think for themselves..they all want the handy way..just show me and i will do it:eek:
wakey wakey time
there is no handy way..only the same way that anyone becomes good at what they are trying to do..and that is called experience
forget about all the assholes out there who post loads of shite about nothing..as mentioned to MN..make sure your stock MOVES enough so that you can extract some profit..make sure there is enough liquidity..no good trading a penny stock that trades a few K shares each day..they are for the real idiots who really know nothing about what moves prices
for fuck sake(nicey picey talk is no good btw
)..do you not see the logic in mastering one stock first..if you can do this then it becomes easy peasy..like picking money off the groundtrade..trade..trade..and then trade some more..trade 50 to 100 shares at first..no more..and NEVER EVER give your money to some stupid idiot who will gladly take it..use it to learn the real way..by live trading..everything else is just a fairy tale
TO
So did you say,
to find the way,
cleared the slate,
no loss I did ate,
3 were green,
and one bastard in red,
was always to be seen,
so cut it I did,
been too stupid,
loss cut,
the other run,
so a good lesson so far,
a test to the bar,
one stock shall I choose,
since I don't drink the booze,
find one to look at,
with volume to bat,
rereading the thread,
to see where I'm at,
so far the obvious eludes,
means to do more etudes.
to find the way,
cleared the slate,
no loss I did ate,
3 were green,
and one bastard in red,
was always to be seen,
so cut it I did,
been too stupid,
loss cut,
the other run,
so a good lesson so far,
a test to the bar,
one stock shall I choose,
since I don't drink the booze,
find one to look at,
with volume to bat,
rereading the thread,
to see where I'm at,
so far the obvious eludes,
means to do more etudes.