Why Nyse stocks ?????

prae 2-- I realize that this is an open forum and people are free to respond or not but it really pisses me off when a question of mine, or anyone else, is completely ignored. At least an acknowledgement of "f**K off" would be better than nothing. Iv'e got some very thick skin but completely disregarding another member's question is disrespectful (IMHO) and uncouth.:mad:
 
I honestly never meant to offend. I thought I had honestly answered your question. My trading style is GNP. Look up great new pattern in the search engine on this site and you'll find it . I have no scanning software really. All I look at are the top ten decliners and that usually gives me all I need. You can assume that if a stock is down more than 30% or more than 5 pts, that I'm involved in it. I fade large moves like that. I don't know what other questions you have, but I am happy to answer any of them tomorrow if you post them.
- For those of you who think I have a drinking problem, I think you're wrong. I think I it is just a result of fraternity life at a party college (tulane). We are pros though. We can drink 5 days a week and be fine. I personally don't drink to trade either. It is just a function of waking up drunk. I have actually tried to moderate my drinking so that I can be more alert in the morning.
 
prae i wasn't mocking you.

FACT .....if you know it for a "fact" you are highly confident of your knowledge because you have tangible experiential proof to back it up.

a "dumb guess" ....is far from a fact. it's an opinion or spec from little evidence, particularly with the "dumb" qualifier.

they mean two very different things, and defining your "knowledge" of that 5M as both a fact and a dumb guess shows a certain fuzziness in your thinking. what i mean to say is do you "know" it or not? i make dumb guesses too but i wouldn't characterize them as "facts". and i would be very careful to make any important decisions on that basis alone.

your trading seems also to reflect this fast and loose and careless style (fading trends & buying "bottoms", trading under the influence, waking up out of a drunken stupor and immediately "shooting off 5K w/o so much as a look at the charts" etc)

all i am saying is your trading seems to be rather risky and haphazard, and your thinking unclear in general especially for a bright college student. you are flying in the face of all reasonable trading principles.

curious, may i ask what your major is?

:-/
 
...I had about 10 pages of notes on the BMY specialist, so as I started to go through them really fast, I knew exactly what was happening. ...
More...

Yes, I keep a "journal" as well - wouldn't leave home without it.

Got some serious notes on the AOL specialist...

nitro
 
On the light side,
For some it is elaborate charts, raw computer power and analysis to the nth degree. For others
it's intution a simple laptop, no scans. Under the influense or not, it is irrelevent.

As long as the trader is consistent, profitable, and enjoyes the game, heck even tea leaves and
chicken bones may be a great way to trade.

What ever works consistently and produces positive results over a range of markets and time spans
should be just fine for that trader.

Cheers

Josh
 
i think that you should always try to distill from your trading (or life) those factors that have the greatest chance
of having some basis in reality from the BS. Try to keep the "squirrels" out of your trading and your thinking.
"tea leaves and chicken bones" trading is nonsense, i don't care what you THINK your results are from these. one
needs to look a little deeper if you think these kinds of things have anything to do with your success.

bottom line is the philosophy of "anything that works is OK" is nonsense to my mind. there are relationships and
correlations in life, and then there is bullsh*t. chicken bones don't know a thing about the future stock prices. no matter
how much you choose to believe the contrary.

the goal should be to separate the Truth from the other.

:-/
 
Which category does God fit into?
More...

mein liebster Bruder candle,

Please do not ask Faster about God - this thread will turn into a Tolstoy novel. :D

nitro

PS I think it is a very deep question, worthy of a great wit such as Faster, but why not start it on it's own thread?
 
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