Would you share a trading idea?

Quote from kiwi_trader:

I dont know multioption but i feel the urge to say:

Psytrade just lost all credibility by recommending anything to do with Covell --- the non / fail / upsidedown-turtle --- psy, if u want true turtle info ask Curtis Faith.

Charlie, thats a typically stupid et attitude --- "I know the best indicator of all" "price is everything" or some such crap.

If a trader can understand the market in terms of his or her tools and then trade it successfully --- Well Done!!

Good on you multioption (but don't waste your money on that book of Covel's - hes a didnt make it turtle whos scammed lots of people with an expensive poorly prepared and poorly supported course).
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I agree. If anyone can succeed using averaging and chop indicators they deserve a standing ovation. More power to them. It takes all kinds to make the world go round. As far as a "stupid" attitude. I'm sorry humor escapes you. My humor is dry and like trading styles, unique.
 
this has been quite fun reading everyones helpful messages.

I am so new to trading that I need to keep things simple, so all I do is watch the relative strength.....going down to 30 or less I will buy, and then going up I sell.

Not terrible so far....and I look for .10/share.....I limit myself to .15/shr drop and I will be out.

Its tedious, but I don't need very much, and I find it fun.

discipline and patience has helped me, but I do not know 1/100th of what you folks know, and THAT is a certainty!

RS
 
I will and I do. Just because you are profitable with your system does not mean others will be able to be with it. Take the opening order strategy, Many know of it, Bright even teaches it but why is everyone not making money with it ? But others such as Lescor are making it big ? The difference is in the person, not the system.
 
Quote from volente_00:

I will and I do. Just because you are profitable with your system does not mean others will be able to be with it. Take the opening order strategy, Many know of it, Bright even teaches it but why is everyone not making money with it ? But others such as Lescor are making it big ? The difference is in the person, not the system.
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Thumbs up for you, volente_00. I'm gonna borrow your statement and use it as my signature.
 
Quote from Multioption:

Thanks so much, Madison. I actually downloaded last year, from the same website provided by you, the turtle rules in pdf file.
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Boy, with world commodities making new highs the turtle trading CTAs must be having a bumper year (or two).

But, you need a lot of money to buy a basket of commodities like the turtles and then the kahunas to take pretty decent drawdowns.
 
I don't see the risk in sharing ideas on a discretionary basis. There's as many ways to apply a method as there are traders. No two will trade an idea the same way. Having said that, I admit to holding back a couple of tools I've found particularly useful. Maybe that's human nature.

For mechanical, systems traders, I think it's a bit different. I wouldn't be giving up that kind of edge--if I traded that way and had a system I thought was exceptional.

Thru
 
Think about this.

Go to a NASCAR race and study the field.
All the drivers sit in their seats, drive in the same direction, have basically the same equipment and had have access to approximately the same amount of fuel but one person wins, one person comes in dead last and the rest of the field is "also rans".

Does trading look similar but in different proportions?
 
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