|
PureBytes Links
Trading Reference Links
|
>Sounds like you believe in price action and not indicators. Well, well,
well...
I practice both, and I believe they both have their place. I also believe
that they both can be stand alone and work. But through the combination of
blending them one can enhance the other. But both methods should be at
least marginally profitable on its own before being considered a candidate
for marriage.
>Can one ask what your main trading activity is? Day trading? Position
trading? System? Discretion?
I only system trade, I traded discretionary in the past and was more
successful in spurts. But over the long haul you cant beat a properly built
system. I position trade some markets and I daytrade some, but always using
a system to do so. I have found to give up the short term control is to
gain long term success and profitability. Interpretation: I can
"sometimes" out trade the system in the short term. But over the long term
It holds up and I fall apart.
>Following on from your answer, what would you describe as your main trading
aids?
Experience, Patience, Perseverance, Tenacity, Arrogance and then
HUMBLENESS, fear, self examining ones self and motives/methods. Then to
SUBMIT yourself to the method you have lucked upon! Once this has been
done then you need to actually become a servant to the system, having faith
in it for your living. If the grass looks greener on the other side you
must recall its not and pull your head back through the barb wire before you
choke yourself to death.
>Just interested - bearing in mind what you have said.
Thank you for your interest, I hope I have not rambled on and on in the
illiterate fashion that you accused me of in the past. I would suggest that
if you dont like my answers and comments that you not ask me questions Bill.
I see things from many different view points and am not so narrow minded as
my opponents.
MB
>Bill Eykyn
>
>
>-----Original Message-----
>From: Mark Brown <markbrown@xxxxxxxxxxxxx>
>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; Bob Fulks
><bfulks@xxxxxxxxxxxx>
>Cc: flag@xxxxxxxxxxxx <flag@xxxxxxxxxxxx>
>Date: Tuesday, October 13, 1998 3:40 pm
>Subject: Re: Trend or No Trend
>
>
>>
>>>One simple approach that is not too bad is to use two moving averages of
>>different lengths.
>>
>>I prefer this method : I look at a chart and determine what the obvious
>>trend is. How do you know what the obvious trend is? Show a chart to any
>>10 year old and ask them what the general direction of the chart is UP or
>>Down. Once this is determined then I enter the market with a trade size
>>thats too big for my account in the opposite direction. Then hours, days
>>latter my broker calls me and either tells me I'm a genius or he wants
more
>>money, at this time I know what the trend really is.
>>
>>What I'm trying to get across is the following : If you can determine the
>>trend thane its too late to do you any good. You should either ignore the
>>trend or have a fail safe reversal in your system that automatically buys
>a
>>break in the direction of the trend. Until then you need to go about your
>>merry way trading chop ranges, or occupying your time in some other
>>constructive manor. If you dont you'll likely die of boredom waiting for
>>that trend that can only be identified after the fact.
>>
>>MB
>>
>
>
>
>
|