Note: All of the posts in this thread are directly quoted from super_ego.
Originally posted by super_ego
In my newfound quest for popularity, and the lack of success of so-so many traders-traders, I, SuperEgo, in the coming weeks and months, will be educating YOU, the trader, on the NEW and changing market.
Consider yourself extremely lucky, as in the next few months you and I are going to take a journey into the profitable extremities of the Nasdaq/NYSE stock markets.
I will be teaching you how to trade. Plain and simple. I will be giving away some of the SECRETS that very few pros use. In doing so, I will hope to relinquish the duties of those that I have learned from (who wasted my time and probably your's, too). I do not wish to slander anyone, but this list includes the likings of Oliver Valez, Allen Farley, David Nassar, Jae Yu, Greg Capra, William O'neal (and his worthless newspaper: Investor's Business Daily), William's protege Tony (I don't want to mention my last name) Oz, and a little guy by the name of Harvey "soesmeister" Houtkin. The list includes Active Trader Magazine, and Stocks and Commodities Magazine. IN MY OPINION, the latter are a WASTE OF TIME.
I have learned NOTHING from these so called "gurus" and neither will you. So, in order to get started here I ask you to THROW AWAY any memories you have of the aforementioned and REV UP YOUR PLATFORMS, cause you, my friend, are going to LEARN HOW TO TRADE!
I am a very profitable trader trading from Hawaii. I started out trading with Prudential Securities as a Market Maker and moved on to trade with the mammoth grand-daddy-looter of the securities markets, Goldman Sachs. I have a BS in Bio-Physics, an MBA, and a PhD in Economics. I am 42 years old. I have traded for 10+ years and I was around before all the loop-D-loops.
And yes, I do make gramatikkle errors now and then.
Without posting complex answers. How do you spot a trend?
Please don't make this complex. I will tell you how I spot a trend. With simple moving averages. That is it. Simple. To the point. Done.
To setup and identify a trend you HAVE TO HAVE a 2min, 5min, 15min, and Daily Charts.
On these charts you need a simple (not exponential) moving average of time frame= 5,20,40,222. This is a MUST.
Set up these charts in the manner I have mentioned and go and look at your favorite instrument that makes you money these days. I should hope for you to see them come to life.
We are only going over the BASIC strategies of identifying a trend. We will get much further into detail. For now I want you to see things the way that you should, NOT the way that you have. If you are already used to the setup that I have mentioned, that is fine. I just want to be on the same page as everyone else.