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I think it is a mistake for any beginner to try and imitate traders with 20+
years of, perhaps full time, market-related experience. These traders didn't
always trade the same way either, times change and so do the markets. If
they are still trading they must have adapted many times. They probably have
developed skills that they can't communicate and that they themselves may
not even be aware of. Listening too carefull to anyone, without having the
same background, is going to cost you money. Big money if you take them too
serious. I speak from experience. Only if you do your own thing will you
understand your actions and be a responsible trader. And, don't jump in with
big money. There is no shame in trading 1 share to prove a system.
Take it easy, experiment, sit back and look at charts, try coding some
simple systems. Remember: It's got to be fun! Trading system do not have to
be complicated. The best systems use simple techniques, with perhaps just a
dozen of AFL lines at most. Much the the coding complexities you see
discussed here have little or nothing to do with developing a trading
principle. Testing systems, even if they don't make money, will reveal
things about the market that no amount of chart/tape reading can teach you.
Sooner or later you'll have a reportoire of simple ideas that you can
trade - that will be the time that you start posting on this list for
programming help :-)
AmiBroker will not make money for you but it is (imo) the best development
tool around.
Happy development,
herman
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]On
Behalf Of Paul Ho
Sent: July 31, 2008 9:49 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Anyone actually making money?
I'm still waiting for your to say something sensible, that's of value,
> rather than just dig everyone out...???
LOL, I just told you. YOu cant become a good trader until you know
yourself, really know yourself. Knowing how to draw a few lines makes
you a TA guy, not a trader. understanding the market makes you a
market analyst. Even know how to develop a system doesnt make you a
trader either, you are merely a system developer. When you master
yourself, you are on your way to become a real trader.
Just because you've been involved in trading for years, seeing others
making millions, no more makes your a trader than me an olympian just
because I've been watching olypmics for the last 45 years.
You might think I'm slagging you off, but in years to come, you will
find out for yourself whats true.
--- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@xxx>
wrote:
>
> Paul,
>
> I programme too... nothing wrong with programming and making your
life
> easier. And nothing wrong with asking for someone to 'throw you a
> bone' in that goal... I'm new to AFL. So what??
>
> I've been involved in trading for many years... market making, index
> arbitrage, statistical arbitrage, long/short prop etc.. many years.
> And some of the best money makers I've ever seen have been traders,
> not system traders, who genuinely have a great read of the market
> based off tape reading skills... they have achieved returns,
> consistently, that systems traders can only dream of...
>
> I've traded both... systems and otherwise... you can programme all
the
> most complicated indictaors you like... they are all based on the
same
> things tape reading is... which is price & volume action...
>
> I'm still waiting for your to say something sensible, that's of
value,
> rather than just dig everyone out...???
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Paul Ho" <paul.tsho@> wrote:
> >
> > learn everything you can
> > about trendlines, support & resistance and the old tape reading
skills
> > and you will be miles ahead of 'system developers' in terms of
> > actually understanding the markets and becoming a better trader.
> > .......
> > So you think understanding a few lines on the chart you will
become
> a better
> > trader!!!
> > So you think understanding the market will make you a better
trader!!!
> > So you think you are miles ahead just because you know how to
draw a
> lines
> > rather than a system trader who write a few hundred lines of
codes.
> > NONE OF THE ABOVE WILL MAKE YOU A GOOD TRADER
> > YOU WILL ONLY BECOME A GOOD TRADER IF YOU KNOW YOUSELF.
> >
> > I'LL KEEP THIS IN A SAFE PLACE AND USE IT AS A REPLY WHEN YOU ASK
> SOMEONE TO
> > THROW YOU A BONE.
> >
> > ________________________________
> >
> > From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx]
> > On Behalf Of sidhartha70
> > Sent: Thursday, 31 July 2008 10:47 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: Anyone actually making money?
> >
> >
> >
> > Louis,
> >
> > Here's my tip... worth it's weight in gold. I've been doing
this for
> > a
> > long time...
> >
> > Stop looking for the holy grail system... learn everything
you can
> > about trendlines, support & resistance and the old tape
reading
> > skills
> > and you will be miles ahead of 'system developers' in terms of
> > actually understanding the markets and becoming a better
trader.
> >
> > Too many people spend far too much time trying to develop
a 'system'
> > rather than becoming a better trader.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx
> > <mailto:amibroker%40yahoogroups.com> , "Louis P." <rockprog80@>
wrote:
> > >
> > > Hi,
> > >
> > > I was only wondering... Anyone actually making money or
making a
> > living
> > > with AB and trading?
> > >
> > > I've been working on ideas and plans for over 7 months now
and
> > didn't find
> > > anything convincing yet. I've been searching daily data,
then
> > hourly,
> > > 15-minute and now I am into 1-minute data and nothing seems
> > satisfying.
> > > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems
to
> > work.
> > >
> > > So... Anyone is making consistent money with this, and if
so, at
> > which
> > > timeframe and how do you do it?
> > >
> > > I'm beginning to think about switching to tick database; it
seems
> > even
> > > 1-minute is too slow for intraday trading. Anyone making
money
> > with
> > > 1-minute?
> > >
> > > Thanks,
> > >
> > > Louis
> > >
> >
>
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