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From the sound of your post you have been searching
for a long time and you have had a varied degree of success. The problem
in searching for most traders is that they really don't know what they are
searching for. First it is free seminars and than pay seminars.
There are various indicators from moving averages to neural
networks. Things in one case are very simple and in the other rather
sophisticated. The thing that is lacking in the search process is what
your specific needs are. It is not a one system suits all scenario.
You have to sit down and physically write down what you want a system to do for
you.
Here is what I did to produce my system over 30
years ago and it still works in all types of market. I didn't re-invent
the wheel. There have been some very smart men over the years that have
put forth various ideas on trading. There is Elliot, Lane, Hurst, Gann to
just mention a few. Your answer is in the past, not the present or the
future.
Here was what I wanted in a system.
1. A specific entry and exit
point
2. A specific stop that said I
was wrong and one not based upon financial pain.
3. I wanted no more than 3
indicators to confirm the entry and exits. I ended up with two.
4. I wanted the indicators to be
based upon different criteria. One of the reasons for only
two.
5. The system had to work on
everything. Stocks, futures, indexes and now ETFs and it does.
6. The system had to work on all
timeframes. It does.
This gave me a basis to start exploring. It
took me a year to put it all together and it was well worth the time and
effort. It allowed me to retire 23 years ago. You have to analyze
yourself and satisfy your trading requirements. They could be directly
opposed to what worked for me, but you are the only one that can answer that
question.
One of the reasons a lot of people stopped posting
was because of all the negative posts and derogatory remarks made by some.
----- Original Message -----
Sent: Tuesday, October 21, 2008 1:10
PM
Subject: [RT] LEARNING FROM OTHER
TRADERS
Group-
This is pretty much of what I call a 'mixed-bag'. I have
learned a lot from others
over the years, as well as gaining some new
friends, as a
result of being a member
of this group. Since that time,
many have come and gone,
and what was once a
board with profilic and
execellent posters, has dwindled
down quite a bit.
There are some
posters who answer questions and are very
generous with sharing
their
information and trading experiences. Others lurk, and may
know a
lot, but you
never hear from them. Or, perhpas they don't need to
learn
anything from discussion
group. For my part, in an effort to survive, I
have found
it necessary to devote
some (often times a lot/sometimes I
get burned out having
to learn new things) time
and effort to learn new
tricks. More recently, I have
found myself pretty burned out
on
researching. I mean you can only rehash an open, high,
low, close so many
ways,
regards indicators.
The point to my long winded post is that I
do believe
there is some merit (a lot
depending on who wants to share!)
in learning from others.
In this connection, I'm
sure we ALL have
wasted a lot of TIME persuing dead ends.
Myself surely included
because
I know of no secrets to this trading stuff.
In a nutshell, I would
value any feedback or help regards
the following websites:
astrofinance@yahoogroups.com
timeandcycles@yahoogroups.com
gannghost@xxxxxxxxxps.com
wheelsinthesky@yahoogroups.com
After
all, there are only so many hours in a day, but can
someone share how
helpful
the above groups have been? And are there any others I
may have
missed? If you don't
feel comfortable with your comments, feel free to
e-mail
me direct.
I hope this is not offtopic.
Thanks for
listening.
Chas
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