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@xxxxxxxxxps.com
[mailto:amibroker@xxxxxxxxxps.com]On
Behalf
Of Paul Ho
Sent: July 31, 2008 9:49 AM
To: amibroker@xxxxxxxxxps.com
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@xxxxxxxxxps.com,
"sidhartha70" <sidhartha70@...>
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@xxxxxxxxxps.com,
"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@xxxxxxxxxps.com
[mailto:amibroker@xxxxxxxxxps.com]
>
> On Behalf Of sidhartha70
> > Sent: Thursday, 31 July 2008 10:47
PM
> > To: amibroker@xxxxxxxxxps.com
>
> 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@xxxxxxxxxps.com
>
> <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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