Chat room reviews

Discussion in 'Trading' started by Turok, Dec 5, 2001.

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  1. Magna

    Magna Administrator

    Threei,

    Hmmm, this time I got it to work fine in IE 5.0. Still displays no video in Netscape 4.7x but I must be missing the necessary plugin. Anyway, thanks for posting links to the videos.
     
    #91     Dec 9, 2001
  2. I am happy you seen them ,what did you think of the Timing video ?

    chris
     
    #92     Dec 9, 2001
  3. Threei

    Threei

    I never liked Netscape anyway... :)

    Glad you got it working, hope it's going to be worth your time... This is somewhat a torture to watch it real time with no real tension of action, feels so slow...

    Vadym
     
    #93     Dec 9, 2001
  4. Ya I put my charts back to the date on a 1 min chart & followed your call........I wish I had the time in the day to make those realtime videos but work comes first......anyway keep up the good work ......chris
     
    #94     Dec 9, 2001
  5. Threei

    Threei

    Thank you... actually we didn't do it as prepared video lesson. I just commented on interesting situation and Chris taped it while continued doing his job, you can see him commenting on other stocks at the same time. It's unedited real time development.

    Vadym
     
    #95     Dec 9, 2001
  6. Ya I see that...........have a nice weekend....Chris
     
    #96     Dec 9, 2001
  7. Threei

    Threei

    Ughhh... I just realized it was just first part that went for just over 30 minutes, entire thing does over 1 hour... sigh... what a way to spend weekend, are we nuts or what? :)

    Vadym
     
    #97     Dec 9, 2001
  8. Threei

    I like getting the play of the day video links in my email. Really
    cool. One of these days I might even take your Home Study
    Course. On the videos you even show when you had to take
    a stop! Now who else does that?

    Can't wait until the next video!

    Thanks :)
     
    #98     Dec 9, 2001
  9. Threei

    Threei

    Glad you find them helpful :)

    Those with stops... well, why not. Videos purpose is pure educational, not fake performance, promotion etc. It would be strange to pretend stops have no place in our trading, wouldn't it? :) As far as education goes, showing plays based on valid setup and get stopped out reinforces on of major points that we consider extremely important to teach. This point is: market acts as a game of probabilities, not certainties. While following proven setups does put probabilities on your side, ANY given play can fail. Thta's why it's imperative not to predict and not to stick to your opinion, but rather follow market tune, taking the setup when it's triggered and then obeying market action. Instead of "I know what market is going to do" which is ultimate source of inevitable frustration, you go with "I know how I am going to react on anything market does" which is ultimate "Trade what you see, not what you think". Thinking this way you accept risk in advance, before even entering a play. This gives you power over yourself, you will not have any problem taking a stop if market say so... because you did build in this possibility beforehand and had no formed opinion. And setup is not really prediction as many think... it's just a structure that gives you "points of reference", those points where when they reached you know you need to take certain action. In one of our classes we analyzed different ways to deal with single setup and counted 5 of them! Depending on trader's personal preferences and temperament, he/she could go with:
    - regular entry at trigger point
    - aggressive entry before actual trigger, which would give better price, easier entry and less certainty
    - conservative entry after trigger and successful test on pullback, which would give worse price, good chance to miss a play altogether and more certainty about outcome
    - fading the setup (counter trade at the stop level)
    - extravagant somewhat approach where trader waits for setup to play out this way or another and scalps reversal of sharp movement outside of setup territory, effectively using setup itself only as a way to find active stock.
    This illustrates the point that any TA or setup is NOT a prediction; it's a structure, and you can do many different things with it when you know how it works.

    Best regards,

    Vadym
     
    #99     Dec 9, 2001
  10. threei,

    In all honestly, I didn't get a whole lot out of it. I saw a stock run up 35 cents, that's all. Would you please make your point again, I missed it.

    Thanks.
     
    #100     Dec 9, 2001
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