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This has been an interesting thread thus far.
Part of your original question, regarding entry time of pre and post 8:30am is
of interest to me. Looking at activity in NQ as early as 5 to 6am est, one
often sees a pick up in activity and the establishment or of change in trends
before the exchanges open. How do you view, handle, trade this time period?
What is the opinion of trading in the wee hours?
Dan
BobR wrote:
> No, the request was for how other futures traders make their first entry of
> the day. I am really curious whether they rely on specific principles or a
> random number generator. What are the factors that go into their decision
> making.
>
> bobr
>
> ----- Original Message -----
> From: "Ira Tunik" <irat@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, May 05, 2001 8:56 AM
> Subject: Re: [RT] WHY...Trading Profession?
>
> > What you want is a million dollar education for nothing. I don't think
> so. Ira
> >
> > BobR wrote:
> >
> > > Dear Research dept, would you please do a brain dump on this lowly
> wannabe
> > > regarding entries on the NQ and ES ? Specifically he and a few others
> would
> > > like to read your treatise on timing the entry and various techniques
> you
> > > would employ in catching a trend in its infancy. Particularly address
> the
> > > pre and post period 8:30AM CT with its risks and rewards. What time
> frame
> > > or tick frame would you advise? What techincal approach would you use,
> > > swings, xovers, trendline breaks, something exotic? What we are talking
> > > here is Texas style gunslinging where trades move like singing bullets.
> > > Feel free to be as verbose as you want. A diatribe is desired.
> > >
> > > thanx
> > > bobr
> > >
> > > ----- Original Message -----
> > > From: "Research Dept." <research@xxxxxxxxxxxxx>
> > > To: "Gentle Ox" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, May 05, 2001 4:57 AM
> > > Subject: Re: [RT] WHY...Trading Profession?
> > >
> > > > Hello Gentle,
> > > >
> > > > GO> Why is it that everyone thinks that they can be a successful
> trader?
> > > >
> > > > i never set out to be a trader, in fact i thought you had to live in
> > > > ny or chicago. in fact i do not consider myself a trader now, i love
> > > > research, and just figuring out things in general. i have studied
> > > > people as much as i have studied the markets and come to the
> > > > conclusion that most loose because they are gamblers rather than
> > > > analyst. analyst on the other hand mostly are failures at trading
> > > > because they rely upon validation of some for or another.
> > > >
> > > > GO> What is it that motivates so many people to want to trade?
> > > >
> > > > i hate to trade, i only do so to finance my research and my computer
> > > > hardware/software addiction. this is the way i separate myself from
> > > > becoming involved with something i don't like to do trade. i do not
> > > > get a thrill if i make money and i don't worry at all anymore if i
> > > > loose. learning to take losses was the hardest thing i ever
> > > > accomplished.
> > > >
> > > > GO> Is it the money? the ego? the testeroserone? something else?
> > > >
> > > > for me its the thrill of figuring it out.. finding something that can
> > > > be validated in black and white as working. i honestly have no desire
> > > > about the money other than to pay what very few bills i have. i live
> > > > very meagerly (except for equipment) because i know it can all be lost
> > > > if i'm not careful. i am not inspired by wealth but rather knowledge.
> > > >
> > > > GO> And why do so many people feel they can learn the game in such a
> shot
> > > amount
> > > > GO> of time?
> > > >
> > > > i was the same. i thought i knew how to trade until i went to work
> > > > programming for someone who was a real trader. there i learned the
> > > > business of surviving as a trader and to not take anything personal.
> > > > trading really is a business, like any other except its better. i
> > > > could pick anything in life to do the 3 i narrowed it down to was
> > > > biological, market and gambling research.
> > > >
> > > > anyway it took me a good five years to learn while working for a
> > > > specific trader. i spent many more years programming for other
> > > > successful traders. i figured no one was going to tell me what i
> > > > needed to know about how to make a living trading. so i set out to
> > > > steal the knowledge by pretending to be a contract programmer. so i
> > > > kept my mouth shut (for a while) listened and observed every move,
> > > > making very detailed notes about events i would only understand latter
> > > > in time. stopping here for now..
> > > >
> > > >
> > > > --
> > > > Best regards,
> > > > Research mailto:research@xxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
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> > > >
> > > >
> > > >
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> > > >
> > > >
> > >
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> > >
> > >
> > >
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> >
> >
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> >
> >
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> >
>
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