YM Traders

Those are serious deficits. You are trading against folks who research and do the homework that you say you can't do right now. This puts you at a definite disadvantage. Based on what you have said, I would say that the next time the markets open you will be giving up an edge to those of us who know how to do that.

Good luck
Steve
 
i.e., ROIC is used to measure value creation

your edge is just a performance metric proven over time

are you profitable at the end of the week consistently? well then you gots 'edge', now quantify it.

(still, if you have to ask, you don't have it)
 
haha

funnny



lilduckling,
What were you trading with before? which books have you read , you seem to be on a very very low level even if you have been trading for awhile.

Heres a tip:

go to amazon.com
purchase all those trading books on there, probably around 20-30 or borrow them from the library
If you want a list msg me,

#2 learn how to use a computer, thats the worst excuse for not knowing how to run stats. That only shows people you are being a lazy bum.
Get tradestation for stats testing.

#3 indicators are useless, Only things worth keeping on your screen is 50 ma , high low lines, price, volume, anything custom made by you.
All of your momentum measurers = useless.

At your rate, you'll need to be trading till next year December 2006 to be profitable,
you need to push up that speed asap.

YM is no game to be played by the lazy.
 
Quote from coolweb:

haha

funnny



lilduckling,
What were you trading with before? which books have you read , you seem to be on a very very low level even if you have been trading for awhile.

Heres a tip:

go to amazon.com
purchase all those trading books on there, probably around 20-30 or borrow them from the library
If you want a list msg me,

#2 learn how to use a computer, thats the worst excuse for not knowing how to run stats. That only shows people you are being a lazy bum.
Get tradestation for stats testing.

#3 indicators are useless, Only things worth keeping on your screen is 50 ma , high low lines, price, volume, anything custom made by you.

At your rate, you'll need to be trading till next year December 2006 to be profitable,
you need to push up that speed asap.

YM is no game to be played by the lazy.
More...


:confused: guess you haven't read any of my past posts....... I thought we were in the same team here........all money that i lost in the first year and a half i have gained back and tacked on several thousand on top. 05 is my first profitable year.
(read about 25 books and gave several K on different trading services/schools......unfortunately)
 
Your getting a little bit sensitive today. Sometimes a joke is just a joke.

The rest of your "advice" is well meant I am sure, but you have not thought it out.

For instance, who says indicators are no good..... you? The real problem I think is that many if not most new traders do not take the time to really understand what indicators can, and cannot do.

You comment is silly. It is as if you said, "all wood working tools are useless. I like to use my teeth to make furniture, much like beavers out in the wilderness". Well you might be right if you were a beaver, but for humans, access to the proper power tools and an understanding of where and how to use them can make the difference between furniture pieces that look like a cave man made them, and furniture pieces that look like an artisan made them :D

Ironically, many of the comments you offer others, would benefit you as well. You may want to consider that you are actually wasting time here with this approach. In your place I would take a moment to try to obtain a more comprehensive understanding of indicators in general. One good way to start would be to read the excellent book on indicators "Trading with Oscillators" by Mark Etzkorn.

I would be encouraged to see you try to improve your education in this respect.

Good luck
Steve
 
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