Whoa! No need to do it now. Weekend, next weekend, next month... Just think about it and where it fits in. At some point, it will just click and you'll just get it. You can actually condense a whole myriad of things from just "getting it". None of these things are missing pieces so to speak, they just add more color and resolution to the picture... I have been fortunate in that things just always click for me, well, at least eventually. A concept can just be randomly thrown out there and I can usually build a mental picture just from reading about it. That is how I built all of these tools. Admittedly, it is a bit more difficult to generate the picture that corresponds to what folks post in words... It takes work to do that and I am not a lazy person so folks know I am always up for that... Regards, MAK
Thanks very much for that.I intend to return to the futures at some point (unfinished business) and you're making it more and more likely.
Ordinarily, I do not make strong personal comments. However, I track the progress of a number of folks in ET. It is easy to track given their posts. You can detect their consciousness about what is at hand and where they are. For me, it is primarily a way to find new things, somewhat like going through ET with a fine tooth comb to find gems in this predominant rough. As most folks should already know, none of the recent stuff is shedding any new light on what has been in ET for quite some time before I arrived. Personally, I went through the various rocket stages in an extremely brief period of time (ie. days). For me, the breaktrhough was just a matter of scaling the chart and having a sufficient number of days in view. Bar charts were just a matter of the present filling in one bar at a time whereas T&S fills the present in one tick at a time and the DOM fills in change by change. Easyrider, amongst a few others are just flat out superstars. Especially Easy who worked very hard to establish his bread and butter base. He proved that trading is a personal journey. He did not look at others to make things gel, he tuned himself to how things operate rocket-wise. We did not hear about a 100K drawdown from Easy as we did from you. Each sequential item I have posted was a substantial iterative refinement that requires more skill than rockets and icebergs. It is a flat out misunderstanding to consider the more recent material to be optimal starting points that will prevent you personally from the next 100K drawdown. I know you have alot of pieces in different areas. This is not light work stuff and it is imperative to take things one step at a time and at a long term goal pace. The recent stuff is not even on the horizon for alot of folks as it shouldn't be. No one is rushing anything here and from my perspective, I would be the most opposed to this manner. Unlike most folks, for me, paying in equity curve to learn something (ie. via losses) in no way effects my psyche. This is partially due to the fact that I have several independent bread and butter ventures among which, trading is one. Additionally, there are sub plateaus of success in each venture. How anyone manages to go through a 100K drawdown as a learning experience is unimagniable to me. I will presume that we are just different for this reason but I had to comment seeing how folks regard what I do as sheding new light on the matter for them as exemplified by your post. It is somewhat amusing for me that I have to rehash very old posts that shed new light on concepts that are new to me but shouldn't be to ET and yet surprisingly, they are... It flies directly in the face of the popular trading belief that the market is always changing and thus resulting in trading that falls in and out of phase. I know Grob has a way of putting 99.9% if not 100% of the material out there in full view. However, it also proves how it still winds up being entirely up to the trader "get it"... MAK!
I can trade stocks but I'm just not suited to the futures.I don't like being beaten so I'll come back to them in due course.Tracking me won't do much good as I don't comment on method.(I ride a Llama and they're notoriously difficult to follow)!
What a week!!! Low volume short-burning. I've read thousands of posts on ET and other popular sites for years. It all boils down to the same thing. We're all top and bottom fishers IMO. Whether it is a fractional, daily, weekly, monthly, or yearly time frame we get in when we think the price is right. Buy low and sell high or vice versa. That is how the stock gods meant it to be..... And that is why this SCT intrigues me so much. Not a new concept for sure. But how can it be done? I'm sure our tulip and rice trader predecessors back in the day had the very same question. I will continue trading rockets while trying to learn every day.
To this day I have to fight the occasional urge when my mind starts saying: this sucker cant possibly go any higher/lower, but my mind is also covered with burn scars that testify to the fact that it definitely can go higher/lower. I know people who average in as it moves higher with some success but a new trader is in no postion to do this. The problem lies in the risk/reward. It has been moving up strongly so it is due to pullback. This is true but, how much? If its a strong move it probably wont pull back too much and the possible reward is small compared to the risk. There are so many better scenerios to trade and the only thing required is patience. Rockets buy high and sell higher or sell low and buy lower and the risk reward picture is entirely different. The trend is your friend. Believe it. Buying the low and selling the high is possible but it is the top of the food chain. Do you fit in there?
It was a rhetorical question. When I post I imagine the whole world is hanging on every word so I do my best to be speak in generalities. Now that Mak has elevated me to superstar status I'll have to work even harder to include all the little people. The truth of the matter is that I read in a recent post of Jacks where he said that intelligence was not the prime requisite for grasping the basics of making money in the market and Im pretty sure he had me in mind when he said this.