Funster, I have been busy. I am new to these message boards, and I must admit, it is yet another medium that contributes to doing market research and analysis of the market. I find myself spending what use to be time leisure time writing ideas on these boards...what can I say...I love the market and always have since I was a kid. My Dad retired from Pru after 46 years and I grew up with this stuff. I started trading in 1985 and went to work for Pru as well in 1986, so I guess old habits die hard. These boards have been fun and I enjoy other perspectives, so thanks for the reply. Your points are well taken and valid. I have traded AMAT religiously for over 6 years now and can tell you nothing can be interpreted literally, especially the semi's and stocks like AMAT. My points do certainly take into account volume as well tick. As you stated, the limitations of putting all inputs on these posted charts are real. There are many instances where a sideways move is likely, so "spreading" is a good play as well, but given the market internals and the overall leading market indices also contributing to the selling pressure, the semi's are particularly susceptible to this particular set-up. I will post several charts this week-end to further define my analysis. Monday I will trade what I see based on my technical view and other inputs that charts can't capture which comes in the form of experience and visceral perspective. I'll post those results if your interested. Sounds like you too have engaged the semi's with vigor, I hope your trading is going well and welcome your perspectives. I'm heading to go ski now, but will post charts by Sunday. Have a great weekend!
Threei tells us that he is far too busy doing other things to actually run an account that can be vetted for performance based on the calls made in his trading room. He confused the issue by suggesting that we are interested in his personal trading. That is not the issue. Like AAA it does not seem difficult to me for someone in the room to press the buy or sell button when trades are called in real time in the room. After all, Threei is very proud of the fact that his room calls both entries and exits. However, he can't or won't do it because he says life is too hectic in his daytrading room. Will he now tell us why he won't trade an account that takes the calls in his position trading room? I have been there. It is far from hectic and there can be no logistical reason why an account cannot be traded based on the calls made in the room. This would provide verifiable results of the room's performance, rather than the rather strange "units" method of counting that is now used.
"Sounds like you too have engaged the semi's with vigor, I hope your trading is going well and welcome your perspectives. I'm heading to go ski now, but will post charts by Sunday. Have a great weekend! " Not really. I just pulled up a couple of charts to see what they looked like. Not going too well at the moment but I am trying to concentrate on just the eminis. I find analysing zillions of stock charts too depressing plus I prefer the more pure futures markets. Actually prefer to position trade commodities than stocks. Also I really haven't got the inclination at the mo to really learn options trading, although I understand the popular strategies. I equate them to differentiation and integration in maths class at school years ago - many pointless equations that you have to memorise! Good luck with your skiing. Break a leg (sorry, is that for actors?). Have a good weekend.
I sense a bit of sarcasm about "being far too busy". Sorry if it's not the case. But if it is, can't see the reason for it - room running is really full time job, and it's quite obvious that trader having another obligations during the day would have to trade differently than the one able to devote undivided attention to his trades. Also I don't see where I confused the issue by that suggestion... can you quote me saying this? Ahha, so if I got it right you are saying we should have separate person in our staff trading our calls? This is new angle (or if it was suggested before, I missed it). Well, as I said before, how about situation when several trades called at the same time? Remember, room has dosens of traders and three moderators call the plays for them assuming that no single play could be taken by entire room, and no single trader can take all the plays called. Why do you expect this particular trader to be able to do it? And if he can't, his performance won't reflect all the plays called. You can say 'Then the performance record is bs by default", and that was exactly my point when I explained why we don't do it. Add to this that each trader has his personal preferences, and this hypotetical staff member wouldn't be exception, too. Your suggestion would require trading machine taking all the signals offered in all trading styles. I am yet to meet one. About being proud of calling entries and exits... is it sarcasm again? If yes, I will have to repeat the question: what does it take to look clean in your eyes? You don't call them - you are useless, you call them - oh, how proud you are... I was asked if I do it and I answered that I do, simple as that. Why hectic... normal life of intraday trading room. More intense than swing/position, sure, so what... that's the nature of style. I personally? Just because it's not my style and not the time frame I am comfortable with.[/B][/QUOTE] Why is it strange method for you? It makes perfect sense when you take into consideration that traders use different shares size. Units method based on risk/reward ratio looks to me much more objective and allows each trader to evaluate his monetary reward converting unit into his lot size. It also allows to see how risk is managed. It also takes away "hyping of service" factor which is apparently bigger when you put in performance tens of thousands of dollars based on big lots. Dunno, seems quite legit to me. Vad
Hate to disagree with you here Vad (because I generally agree with your other views and think your content is teriffic), but I could do exactly what you imply can't be done. Give me an account with sufficient buying power, a position sizing methodology, and the choice on what trading platform to trade on, and I would gladly and successfuly trade multiple positions simultaneously. For if the (more pressing) need for trade enty/exit is taken away and my brain can focus solely on execution, I could easily handle multiple momentum/intraday based positions at once. My problem now -especially in this market-is identifying multiple simultanewous quality set-ups to begin with as I don't think a "quantity over quality" approach would work well here...it is (obviously) not simply a matter of getting into as many trades as one can.
yes 10K . try them yourself ( the trial and watch level 2 and charts you will see how false it really is )
This is total BS! What any potential subscriber to your room would be looking for, threei, is your best effort! Or the best effort of each trader/moderator in your room. Potential members want to know how well you do as the mentor/master trader! It is an easy matter to produce these kinds of records from the room transcripts. I would think if you guys are really this good you would want to shout it out to the world! You know what I think, I don't think you chat room guys want to know. I think you are AFRAID of what you might find! Yeah, that's what I think. :eek: ProTrader1 "Recorded proof talks, and BS walks!"
oolarinm would you please explain again in a different way what you saying? I don't quite understand what you mean. Thanks a lot.
Ok, how about the site that doesn't charge the money unless they are profitable that month? If you are short term trader - not a scalper for 10cents, how much would you be willing to pay for a membership and what your expectations are? Just curious...
If you understood the RealityTrader.com position trading rooms money management idea- you would understand that posting $ profits doesn't make sense..... They are into taking 2-1 reward to risk on each trade. They risk 1 unit stop on each trade and look for two units. An Example: If you had a $50,000 account and wanted to risk 1 unit on each trade. You decide how much a unit is. Is it 1% of the account 2%? Whatever. You take two trades. The first swing trade has a stop that is $1.20 away. The second swing trade has a stop $.50 away. Your unit size is 1% of you account or $500. On the first trade-you would take 416 Shares. On the second trade- you would take 1000 shares. Let's say you get stopped out of the first trade for a loss. You had 416 shares time $1.20/share stop..... you lost $500 or one unit. On the next trade- it's a winner and you make $1.00/share profit for the 2-1 they look for. You were trading 1000 shares so you made $1000 on this trade. The two trades combined total +$500. The net $/share total though is -$0.70 for the day though. So what you're saying is that they at RT should post -$.70 for the day instead of +1 unit? That is not accurate and is not the way they run the room. Last month- Bo made 11 units or so...which means if you traded 1% of you account on each trade- you would have made 11% on his calls. Their whole philosophy is to adjust shares on each trade so that the risk to your account is THE SAME ON EACH TRADE! AND NO- I DON'T WORK FOR RT ALSO!! as some of you are probably thinking! HAHA! lol!