Hardest and Most Valuable Things In Trading

Discussion in 'Trading' started by tradingjournals, Jul 25, 2010.



  1. I've never ever heard Jack use profanity. :)

    So reminding him that .....

    Man with head up ass, can't see for shit.
     
    #91     Aug 3, 2010
  2. Ezzy

    Ezzy

    A very TraderX-ish type comment.
     
    #92     Aug 3, 2010
  3. Cheese

    Cheese

    The hardest thing as shown by amateurs is their unwillingness to know the puzzle of the markets. Knowing what the puzzle is, is the key to beginning the task of what you need to discover and implement.

    So what should be your trading aim? A professional or institutional trading aim is clear: to make as much money out of the markets as the markets will permit. The trading aim of the amateur with limited capital arriving at the puzzle of the markets is similar: it should be to take out as much money, daily, as he or she can manage.

    Next you will note that those either as they come to ET or as they have been at ET will often lack clarity. They have an angle, slant, bias or background that makes them begin with that corresponding confusion.

    So clarity. Choose a market (eg CL). Now what is the puzzle? Take note of what a market offers in maximum points (the sum of the gyrations which is the maximum points offered by each upswing and downswing, open through to the close). This is the metrics of your market. Devise or adopt a reliable methodology to extract net as much as you can from the days sequential swings in that market.
    :)
     
    #93     Aug 3, 2010
    Laissez Faire likes this.
  4. Picaso

    Picaso

    #94     Aug 3, 2010
  5. rew

    rew

    #95     Aug 3, 2010