It does not appear that we will get any real strategy ideas from this discussion. But there have been good ideas related to how one stays open to strategy trading ideas. Al Cibiades, who brings to trading recognized skills as an orator and soldier, talked about the importance of epistemology to trading. I, with my reputation as a mental health pioneer, deserve to have my say, as well. I come to trading from the zeitgeist of one of the first healers to rid psychology of demonology (would that I could do that for ET). I paved the way for Bleuler, James and Freud. Freud and Jung then nurtured the greatest psychological mind of the twentieth century, Karen Horney, who explained how multiple personalities can exist in a sane mind. Why am I telling you this? Because I manage the multiple personalities inside a trading mind. Why that particular mind chose to incarnate me as one of its personalities I am not sure. I certainly am not in fashion today, and few people even know who I was. But I digress. Why do I consent to this managment role? Well, first, it beats being dead. Second, IB will not let dead people open accounts. Third, I am permitted the luxury of having my own identity on ET, shallow though that distinction may be. So why are multiple personalities good for trading? Because to survive as a trader you need multiple strategies. And because those strategies often are so diametrically opposed, it is too much to ask one mind to faithfully manage them all. For example, suppose you discipline yourself only to take longs when price is above the open and vice versa. A simple enough discipline which improves the odds. But there are times when it will kill you. Do I want to be constantly distracted trying to determine if NOW is one of those times? No. I want to trade the trend and then put the personality that traded it faithfully to sleep. But that means I need a guy working in the background who is watching the REAL P,V relationship (not that Jack sheiz, pardon my Franzoesisch). That guy knows how to spot exhaustion, or at least ennui. But at midday I don't want either of them in my hair. ("Did I tell you I put some good Napa champagne in the freezer this morning?" and off they go.) No I want a guy with infinite patience, the type that likes to watch paint dry. That never needs a potty break, to watch for midday reversal breakouts like a hawk. A detail guy. Watching the tape. Recognizing how the inside market responds to large orders. A guy who knows that at midday any event outside of the market he's trading can be the excuse for a breakout. I could go on about the types of personalities it takes to trade different types of strategies, but I think you get the point. I eagerly await learning what kind of strategies Steffie trades.
Sorry boys, just wanted to kick a little ass, and you are the village idiots as far as I can see. As to my mouth hosebag, I care not whether you like my vocabulary. And your sub-human friends and fellow posters can take their sentiments, fold them five ways and shove them into a specific anatomic cavity where the "sun don't shine". Why would I need a resume to post here with you semi-literate pseudo sapiens? My argument remains. You and your fellow hosers do not actually care about learning anything. As far as I can tell, you just want to trash the guy for the hell of it. From this point of view, you folks got no character. Steve
Ah yes Market surfer bunny Exodus Hank Rollins Thunder in my ass Schmuck in the valley and several other alias's Always room for one more idiot in the village Line up over there would you? I will be right back and wipe your nose.
Why is it that every serious thread on ET eventually attracts loonies who sink it under rant, cant and invective? Is "Nyah, nyah!" the height of rational discourse here? Oh how I long for the puerile pontification of the Jack threads!
yeah, thunderinsmellyvalley has to be surf or longshot...hard to tell sometimes when they both enjoy beein' squeezed between each others warm and tight ass walls, innit.
Strategy? Fategy! Lemme give yo white boyz some street smart. Market ain' no bitch, she a HO! You doan believe? Look how many pimp she got. Magazine say, "Doan have big house? Pretty bitch? Fast car? You NUTHIN'!" Nuther say, "Dis simple fiffy year ole maff a street urchin kin calc'late in he haid goan make you RICH!" Fido say "Back tess it! Trade it!" Yo know nuffin dere if FIDO sell it. Ho Street Journel advatize trade simmalater. Fo' same puny white boyz whut simmalate sex! Broker say, "Trade wid yo little haid, yo' goan feel GOOD!" Charter say "Mekk it as complicate as yo' want! Squiggle line, pretty color, mekk noises, lotsa winnows fo' yo' to peek thru!" Perv peps! Yo ain' goan find nuthin' lookin' tru no winnow! I be done! YO be done too yo' pay tenshun dat crap. Yo wan' mekk munny? Yo figger out how de MAN goan mekk it off YO, den yo tekk it fum he firs'!
Well! Saturday morning on ET! Lots of hangovers, I see. Maybe wet dreams not fully worked out. How to restore some courtesy and sanity? Let an old fool reiterate the importance of Vee Wop. For over 90 minutes yesterday morning in NQ, price bounced between the open and the VWAP. Sheer coincidence, I am sure. If you didn't trade NQ yesterday, don't bother to chart it. It will just hurt your head to look at it. Do you know WHY this happens? Hahahaha! Think about it! Does a strategy lurk there? Naaaaah!
I did dig up one of the rocket equity curves from my tests. I point this out NOT to say that rockets suck but to ask any Grobians who might want to enlighten me... why don't you use something that tests out as the basis of your discretionary trading, so you have the wind at your back?