Your trading Tools.. What are they?
- Thread starter Bullz n Bearz
- Start date
Qualify me for what? Giving my opinion?
O mighty warrior of great trading stock
Might I enquire to ask, eh, what's up doc??
I'm going to kill Mr Market!!
Oh mighty hunter t'will be quite a task
How will you do it, might I enquire to ask??
I will do it with my spear and magic helmet!
Your spear and magic helmet?
Spear & magic helmet!
My spear & magic helmet!!
Might I enquire to ask, eh, what's up doc??
I'm going to kill Mr Market!!
Oh mighty hunter t'will be quite a task
How will you do it, might I enquire to ask??
I will do it with my spear and magic helmet!
Your spear and magic helmet?
Spear & magic helmet!
My spear & magic helmet!!
Quote from windwallker:
Lol, BnB you are under the impression that the market "owes" you a living or a great fortune and when it didnt bestow it for you early on, you started to get frustrated and spouted conspiracy theories. The same thing will happen here, people may respond with all sorts of answers but I GUARENTEE you wont find any of it truly helpful for quite some time. Cause anyone who uses tools that has afforded them success, has spent many many hours and days perfecting their use. You'll try and try and probably give up if you dont get results right away, just based on the nature of your personality and the threads you've started thus far.
You'll have to see for yourself, thats just my prediction
How can you be offering guarantees when you can't spell it?
1. ATR.
a. Position sizing.
b. Setting mental stops.
c. Selection among candidates.
d. Volatility is more predictable than price.
2. Paitience
a. Wait for your entries rather than forcing trades.
b. Ride your winners rather than excite.
3. Cutting losses.
a. Let 'em go when you're clearly wrong. Period. Your capital is your most valuable tool.
b. IF you don't have losses, you're not making enough trades.
c. When you pay tuition, LEARN from it. Otherwise, you're destined to repeat the lesson.
4. Humility
a. Market is bigger than you.
b. Market doesn't care where you entered.
c. Market doesn't care what you think.
d. Some protect their ego at all costs. They seldom amass capital.
5. Silly me, I still use a DOS version of MetaStock
a. And input data by hand. Better feel for the numbers. Better graphics. Macros.
b. Also a spreadsheet for each issue. Quantitiative rather than graphic.
6. Relative strength.
a. Neutralizes the influence of the respective index. True price movement on its own accord.
b. Will fade before the price will. Leads ever so slightly.
7. Maintaining a stable of candidates rather than fresh unknowns via a screen.
a Familiarity breeds confidence.
b. Allows you to observe the ax's personality and posture..
8. Try to avoid the bell curve.
a. Where the mediocrity is.
b. Big money is made on the surprise side, but not very often.
c. You want to be on the same side as the ax.
9. Triangle
a. Reflects subsiding overhead supply. Eliminating ownership bias and incurring tax liability.
b. Also reflects increased interest and voting with dollars. Fresh risk.
c. Graphically, it must resolve.
d. Naturally, some resolutions are headfakes.
e. A break before the apex is more reliable.
10. Higher time frame.
a. IF it looks good on one chart. Check the next higher time frame.
10. There are tools I'd never share. Paid for via tuition.