I am the best!

Sakti · May 10, 2017

themickey said:
"I AM THE BEST!" Said tongue in cheek, but I wish to explain something about trading that makes me feel very fortunate.

I've been on ET many years, actually much longer than my profile states as I was under another username once, but I digress.
One thing I see constantly is the complicated ways and means ET members trade - Charts full of lines, indicators, fundamental analysis, news reports etc.
All this 'shit' takes up a lot of time and can bog you down. The more complicated it becomes and the more time spent (wasted), the less time trading.

It doesnt have to be like this.

I'll tell you how I trade, but first off a little bit of history to lay the foundations of what I do.

Many years ago I had a stroke of luck. I was a member of a trading forum in Australia and this guy whom was there made some comment and I asked what software he used.
This guy was 'kaveman' and he said he would recommend Amibroker.
If you google kaveman you will see from many years ago this guy was a TOP Amibroker guru.
I bought AB (amibroker) and kave set it up on my computer. I was fortunate in he lived not that far from me at the time.
Kave and I becames friends and he not only wrote me scores of programs but taught me programing skills. Often I would visit his house for coffee.

Anyway, many years later, I still run AB but rarely do I use it. Mabe once every 1-2 weeks I will download EOD data.
I have a couple of superduper programs Kave and I have written, I can find the best stocks to trade in a couple of minutes.
For example, pick any sector or indice and I can tell you very quickly what to and not to trade.
These stocks usually remain faithful over a long period of time, eg if BHP is standout stock in the mining sector, 6 months later it still probably will be.

Cutting a long story short, how do I trade?
No indicators
Basically zero fundamentals.
Basically zero news events ( I rarely read company announcements)
No algos, no autotrading.
Only turn on my computer to place trades, then switch it off (5 -10 minutes total)
Trade maybe once a week if lucky, but will hit several stocks at once.
Trade positions vary, but 150k a position is not uncommon (intending to lower this now)
Spend most of my day on a tablet just looking and quite a bit of that time is ET chitchat.
No spreads, no Options, no Futures, No shorting, just stocks long.
I can eyeball stocks on my tablet and know very quickly entry and exits, no computer required, no AB software reqd. for the signals.
I'm in Australia, wake up maybe 4am or earlier, cuppa tea, quick squiz at markets, go back to sleep sometimes if nothing brewing.
Otherwise stay up, plan my attack, place trades on open, 8am.
I trade OPM as well as my own, so I will communicate my trade intentions.

So what am I intending to convey?
My trading is very simple and very profitable.
No rocket science.
Very comfortable, very relaxing.
But (and this is the but) it took years to achieve this and the grace of God (I'm not religous) that I came upon kaveman who gave me a HUGE leg up.
More...

I also scour through the Aus stock forums (as I'm based in Aus) and I do remember seeing Kaveman's name. You're lucky that you have him as a mentor.
I'm just beginning my trading journey and I wish I can can get a mentor some day and point me in the right direction. I'm currently just trying to get better and gain a bit more knowledge each day.

BONECRUSHER · May 10, 2017

themickey said:
"I AM THE BEST!" Said tongue in cheek, but I wish to explain something about trading that makes me feel very fortunate.

I've been on ET many years, actually much longer than my profile states as I was under another username once, but I digress.
One thing I see constantly is the complicated ways and means ET members trade - Charts full of lines, indicators, fundamental analysis, news reports etc.
All this 'shit' takes up a lot of time and can bog you down. The more complicated it becomes and the more time spent (wasted), the less time trading.

It doesnt have to be like this.

I'll tell you how I trade, but first off a little bit of history to lay the foundations of what I do.

Many years ago I had a stroke of luck. I was a member of a trading forum in Australia and this guy whom was there made some comment and I asked what software he used.
This guy was 'kaveman' and he said he would recommend Amibroker.
If you google kaveman you will see from many years ago this guy was a TOP Amibroker guru.
I bought AB (amibroker) and kave set it up on my computer. I was fortunate in he lived not that far from me at the time.
Kave and I becames friends and he not only wrote me scores of programs but taught me programing skills. Often I would visit his house for coffee.

Anyway, many years later, I still run AB but rarely do I use it. Mabe once every 1-2 weeks I will download EOD data.
I have a couple of superduper programs Kave and I have written, I can find the best stocks to trade in a couple of minutes.
For example, pick any sector or indice and I can tell you very quickly what to and not to trade.
These stocks usually remain faithful over a long period of time, eg if BHP is standout stock in the mining sector, 6 months later it still probably will be.

Cutting a long story short, how do I trade?
No indicators
Basically zero fundamentals.
Basically zero news events ( I rarely read company announcements)
No algos, no autotrading.
Only turn on my computer to place trades, then switch it off (5 -10 minutes total)
Trade maybe once a week if lucky, but will hit several stocks at once.
Trade positions vary, but 150k a position is not uncommon (intending to lower this now)
Spend most of my day on a tablet just looking and quite a bit of that time is ET chitchat.
No spreads, no Options, no Futures, No shorting, just stocks long.
I can eyeball stocks on my tablet and know very quickly entry and exits, no computer required, no AB software reqd. for the signals.
I'm in Australia, wake up maybe 4am or earlier, cuppa tea, quick squiz at markets, go back to sleep sometimes if nothing brewing.
Otherwise stay up, plan my attack, place trades on open, 8am.
I trade OPM as well as my own, so I will communicate my trade intentions.

So what am I intending to convey?
My trading is very simple and very profitable.
No rocket science.
Very comfortable, very relaxing.
But (and this is the but) it took years to achieve this and the grace of God (I'm not religous) that I came upon kaveman who gave me a HUGE leg up.
More...

How did your methodology work in 2008?

themickey · May 10, 2017

BONECRUSHER said:
How did your methodology work in 2008?
More...

Was not like what it is today.
Everything continues to evolve as time rolls on.

BONECRUSHER · May 10, 2017

themickey said:
Was not like what it is today.
Everything continues to evolve as time rolls on.
More...

The evolution of anything doesn't always guarantee a SIMPLE SOLUTION in the future. Be very satisfied that your current solution to the markets is simple...the future may be different. Good Job!

themickey · May 10, 2017

Sakti said:
I also scour through the Aus stock forums (as I'm based in Aus) and I do remember seeing Kaveman's name. You're lucky that you have him as a mentor.
I'm just beginning my trading journey and I wish I can can get a mentor some day and point me in the right direction. I'm currently just trying to get better and gain a bit more knowledge each day.
More...

Kave wasn't such a brilliant trader. He was a brilliant code writer. Two different things.
Mentors can come in different flavors.
Kave put me onto the road of AB, then to do own coding and that led me to attempt autotrading which led me to see that mkts are primarily driven by algos, not driven by news events.
Once you have that concept you become more systematic.

themickey · May 10, 2017

Something that frustrates the shit out of me is dumbcoffs (on ET) who keep telling us/me that TA traders trade from the prespective of predicting the markets.
Utter hogwash!
PERIOD!
Successful trading is about reacting / following, not front running the mkt.

themickey · May 10, 2017

Bottom feeders like us dweebs on ET don't push the mkt around with our pennies, therefore why attempt?
Follow the big money.

comagnum · May 10, 2017

Every dog has their day - going back to the early days of the Internet (dial-up Modem), when I had a real stand out week up $20-50k, I always felt like making a web site to spread the word how to trade - I was sure I had it all figured out. How could I fail - I was killing it and had half a million after taxes, 5 cars, no bills and a luxury condo on the best beach in Hawaii. A few years later I walked the streets at night in Montery looking for change and bills people drop by self pay lots, night clubs, etc. so I could get the 2 for $1 Ramen noodles to eat in my budget hotel - one bathroom per floor which was barely covered by my degrading min wage job complete with a name tag and was kicking a serious Oxy/Cocaine/GHB addiction from the non-stop years of self medicating to unwind from trading. A real downer after have been a network engineer for a global Telco for 16 years and clean/sober most of my life. Took 15 years to get back to where I was - doing well now but never want to forget the last time I felt invincible.

Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. - Paul Tudor Jones

volpri · May 10, 2017

comagnum said:
Every dog has their day - going back to the early days of the Internet (dial-up Modem), when I had a real stand out week up $20-50k, I always felt like making a web site to spread the word how to trade - I was sure I had it all figured out. How could I fail - I was killing it and had half a million after taxes, 5 cars, no bills and a luxury condo on the best beach in Hawaii. A few years later I walked the streets at night in Montery looking for change and bills people drop by self pay lots, night clubs, etc. so I could get the 2 for $1 Ramen noodles to eat in my budget hotel - one bathroom per floor which was barely covered by my degrading min wage job complete with a name tag and was kicking a serious Oxy/Cocaine/GHB addiction from the non-stop years of self medicating to unwind from trading. A real downer after have been a network engineer for a global Telco for 16 years and clean/sober most of my life. Took 15 years to get back to where I was - doing well now but never want to forget the last time I felt invincible.

Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. - Paul Tudor Jones
More...

Mmm....food for thought. Thanks for sharing your experience.

vanzandt · May 11, 2017

comagnum said:
Every dog has their day - going back to the early days of the Internet (dial-up Modem), when I had a real stand out week up $20-50k, I always felt like making a web site to spread the word how to trade - I was sure I had it all figured out. How could I fail - I was killing it and had half a million after taxes, 5 cars, no bills and a luxury condo on the best beach in Hawaii. A few years later I walked the streets at night in Montery looking for change and bills people drop by self pay lots, night clubs, etc. so I could get the 2 for $1 Ramen noodles to eat in my budget hotel - one bathroom per floor which was barely covered by my degrading min wage job complete with a name tag and was kicking a serious Oxy/Cocaine/GHB addiction from the non-stop years of self medicating to unwind from trading. A real downer after have been a network engineer for a global Telco for 16 years and clean/sober most of my life. Took 15 years to get back to where I was - doing well now but never want to forget the last time I felt invincible.

Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead. - Paul Tudor Jones
More...

Hey CM.... there are many posters here.... but dude.... you're one of the best. Just wanted to share that.