|
PureBytes Links
Trading Reference Links
|
What ever happened to day traders and short term traders trading the
OEX options or futures contract? This was the premire indices to
trade. It seems you could make a small fortune day trading this alone.
Why are traders interested in finding a stock that might make a
significant move when indices maybe a less volatile way to trade?
Just my opinion.
Ernie
--- In amibroker@xxxxxxxxxxxxxxx, "Paul Ho" <paul.tsho@xxx> wrote:
>
> Louis
> A surgeon trained for more than a decade before his first
operation.
> An Engineer requires at least one decade of training including
> university and practical training on the job before he can sign his
> name on a buiding permit. Everything takes time to master, trading
> is no different. Universities and colleges divides their teachings
> into different courses at different degree of difficulties because
> they know too much knowledge, too much disorganised knowledge is
> bewildering and confusing to the learner. This is also true for
you.
> you'll have to organise the way you learn. Learn one area,
> one timeframe, one technique, one style and one setup until you
> master it before you move on to the next. It dosesn't seem you are
> struck with that technique for the rest of your life. It just mean
> you'll have to learn how to walk before you run.
> There are many styles, and techniques, setups out there. Decide on
> one and stick with it until you understand it, know it, proficient
at
> applying it before you move on. Amibroker forum is a smorgesboard
of
> discussions and ideas, but it can become a distraction if you are
not
> disciplined enough, jumping from one idea to the next, without
giving
> sufficient time to let it "get" to you.
> You will no doubt make your own mind up. You will make a decision
on
> what you do based on your personality, trading styles, and perhaps
> you circumstances. Some time later, you may revisit your decisions
> again, but fundamentally your future will be pretty much guided by
> the decisions you make today. If you understand that, then you will
> also understand that you, and you alone are the cause of your own
> fortune. There are plenty of people who fail and succeed in each
> style. Whether that is Support and Resistance, or intrdays system
> based auto-trading, and how much concentration, dedication and
> tenanicity you are going to give to honour your decision, it is all
> up to you.
> --- In amibroker@xxxxxxxxxxxxxxx, "Louis P." <rockprog80@> wrote:
> >
> > Thank you all for your responses. What can I say, except that
> there is lot
> > of stuff to think about here!
> >
> > From what I have read, the most important part to actually make
> money from
> > all this is Money Management. That's where I am so weak; I tried
> to deal
> > with low-liquidity stocks precisely because I wanted to get a
> leverage, but
> > I don't see how I can do this on high liquidity stock without
> having to use
> > all my money power (to get on the margin).
> >
> > There is a big part on charts, indicators, etc. in the manual,
but
> maybe it
> > would be nice to have more explanation about all to use money
> management
> > tools. Or maybe I missed the explanations.
> >
> > What's my goal? 30-40% a year is what I'd like to achieve. I
was
> able to
> > build a system using low-liquidity stocks to build that, but that
> was before
> > I realized that real-time trading has a limit of 500 "live"
> tickers. I
> > tried to find a way around that problem, but well, it didn't work.
> >
> > To Brian: yes I have read the messages about this. I read about
> 75% of
> > everything that is written on this board. But it didn't help me
> enough...
> > yet. I might have to rethink how I do things. I was (and still
> am) just
> > curious to see how other people were dealing with this; is it
> possible to
> > make a lot of money with this, and if yes, how ("how" is not
asking
> for a
> > particular code, but more general ideas). Right now I am
working
> on high
> > liquidity stock, but I feel like this might also be a wrong idea.
> >
> > To you people who make a lot of money using automated trading
code
> generated
> > with AB, on what kind of markets do you do it? Stocks?
Futures?
> Big caps,
> > small caps?
> >
> > I've read people who say a big problem is sticking to the system.
> > Personnally I think this will be the easiest part for me; when
the
> system
> > will be ready I will follow it blindly. The problem to me is how
> to get
> > there. 7 months might seem like not a lot of time, but I worked
> numerous
> > hours on this in that timeframe and had brilliant ideas that just
> wouldn't
> > do the trick. That's why I am confused right now and I was
actually
> > wondering if it was possible to make money out of this.
> >
> > Thanks a for your interesting responses!
> >
> > Louis
> >
> >
> >
> > 2008/7/31 sidhartha70 <sidhartha70@>
> >
> > > Ohh Paul... I agree about knowing yourself as I said in my
> answer to
> > > Brian. But that's a given surely...?? You only learn that from
> years
> > > of trading and observing yourself... you can of course become
> informed
> > > on the subject of yourself... there's plenty of literature on
> it...
> > > Mark Douglas obviously.
> > >
> > > But I stand by what I said... you can become a great trader by
> really
> > > understanding trendlines, support & resistance in it's many
forms
> and
> > > studying price & volume action...
> > >
> > > I know it... because I've seen it... and I've done it.
> > >
> > > You have your techniques Paul... and good luck to you. Great if
> they
> > > work for you. For me, this is what has worked for me...
> > >
> > > Henrik thanks for your response. Good to see others agree.
> > >
> > > Paul, might I suggest you get out more and make some more human
> > > connections... you'd probably find you'd be happier, less
angry,
> less
> > > arrogant, less superior and might even enjoy some of this money
> you
> > > make trading...
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx <amibroker%
> 40yahoogroups.com>, "Paul Ho"
> > > <paul.tsho@> wrote:
> > > >
> > > > 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 <amibroker%
40yahoogroups.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@xxxxxxxxxxxxxxx <amibroker%
> 40yahoogroups.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@xxxxxxxxxxxxxxx <amibroker%
> 40yahoogroups.com>
> > > > [mailto:amibroker@xxxxxxxxxxxxxxx <amibroker%
40yahoogroups.com>]
> > > > > > On Behalf Of sidhartha70
> > > > > > Sent: Thursday, 31 July 2008 10:47 PM
> > > > > > To: amibroker@xxxxxxxxxxxxxxx <amibroker%
40yahoogroups.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@xxxxxxxxxxxxxxx <amibroker%
> 40yahoogroups.com>
> > > > > > <mailto:amibroker%40yahoogroups.com <amibroker%
> 2540yahoogroups.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
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> > >
> > >
> >
>
------------------------------------
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|