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romik
Registered: Jan 2006
Posts: 4986 |
03-03-06 07:08 PM
Quote from ksonsinc:
can i ask you guys do you,ll have any chatroom where pll can share different idea,s
I heard pll talk about paltalk mirc etc ( are they usefull ) - ?
yeah, try KINGFISH  LOL What's stopping you asking Qs here and applying them in your papertrading/simulator account?
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PitchBlack
Registered: Feb 2005
Posts: 1619 |
03-03-06 07:12 PM
A swimmer has to swim 1 mile in streaming water, which direction will he swim? With the flow or against the flow?
If he swims with the flow he will cover the distance fast, with little efforts, with almost no risk that he will be forced in the opposite direction, and even if he doesnt swim but just keeps floating, he will automatically cover the distance carried by the streaming water.
If he swims against the flow he will maybe cover the distance, but it will take a long time, lots of efforts, lots of risk and he might be forced in the opposite direction by the power of the streaming water. He might even get so tired that he will drawn.
The same rules apply to trading, but many traders break these rules. These traders will be in the long run the losers.
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bronks
Registered: Aug 2001
Posts: 1765 |
03-03-06 07:13 PM
Quote from ksonsinc:
can i ask you guys do you,ll have any chatroom where pll can share different idea,s
I heard pll talk about paltalk mirc etc ( are they usefull ) - ?
Although this subject has been discussed a gazzillion times before, I'll offer my opinion.
The commeraderie is cool, but if you use it to get into or out of trades, or even for bias or confirmations, your natural thinking process is being modified whether you like it or not. Which in the long and short run, will mess you up. You have to have extreme discipline to trade as it is without other influences taking bits and pieces out of your own processes.
Sorry for the mumbo jumbo.
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Stalker
Registered: Aug 2005
Posts: 402 |
03-03-06 07:14 PM
Quote from lwlee:
INTC didn't really have any effect on the market this morning. Bonds was main cause of down draft today.
1300 will be like a magnet. Dangerous to short at this time. Perhaps for a quick scalp but risky.
Are you sure ES/YM was down pre market because of bonds? I was following Dax, and since it dropped 100 points and ES was following it almost exactly, I was sure that it was europe that dragged american markets down. But everybody seames to have a different answer to what happened so I don΄t know what to believe 
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Skog
Registered: May 2004
Posts: 88 |
03-03-06 07:15 PM
Quote from ********:
A swimmer has to swim 1 mile in streaming water, which direction will he swim? With the flow or against the flow?
If he swims with the flow he will cover the distance fast, with little efforts, with almost no risk that he will be forced in the opposite direction, and even if he doesnt swim but just keeps floating, he will automatically cover the distance carried by the streaming water.
If he swims against the flow he will maybe cover the distance, but it will take a long time, lots of efforts, lots of risk and he might be forced in the opposite direction by the power of the streaming water. He might even get so tired that he will drawn.
The same rules apply to trading, but many traders break these rules. These traders will be in the long run the losers.
Even the simplest rules are hard to follow with your own money on the line
-Skog
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Buy1Sell2
Registered: Jan 2006
Posts: 8117 |
03-03-06 07:28 PM
Thanks for all the good comments. Keep them coming! One thing to keep in mind here is that these trades are very tiny right now in relation to my overall portfolio. They are "probe" trades where I eventually find the winning trade. It is not a Martingale where you double each time, rather I relate it to my overall P/L in the portfolio. I do raise the bet on the probes with small losses and then generally get a big win.
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