Sucker plays

Discussion in 'Trading' started by Sucker, Oct 20, 2002.

  1. You do all that while day trading the Bund? Not bad! (Scientist, watch out!)

    Btw, iron clad edges those, yeahsiree.

    And Sucker, what's up man? You still a Sucker? Don't worry, it's not so bad. I was a sucker for the longest time too. Even made coin for a year back in '02. Not half bad coin either, all things considered. Still I was sucker then, and, truth be told, I'm still a sucker today. Just not sucker enough to trade while still a (self-acknowledged) sucker. Which isn't a bad move either.
    #41     Apr 10, 2004
  2. Just started reading the book: Mentally Tough Online Trader

    It has Ed Seykota's (who's he?) rules:

    1. Cut Losses
    2. Ride Winners
    3. Keep Bets Small
    4. Follow the Rules without question
    5. Know when to break the rules

    To that I would add: recognize that the market moves in pattrens, and get to know these patterns. The same ones are found on a 3 min chart as they are on a daily chart.
    And volume will confirm a move. If a stock is moving without good volume or is going sideways, don't trade it!
    Look and wait for a trading opportunity. That was my biggest mistake, now corrected.
    #42     Apr 10, 2004
  3. gramps


    He either got another handle or quit. His last post to ET was 12/24/02.

    RIP, sucker!
    #43     Apr 11, 2004
  4. Thanks for bringing this thread back to alive. It made me remeber the good old days not that old yet. One by one our old friends are gone, like Hioihio. Anyhow, to upcoming new suckers, act like man, like me. There will be your chances and shares.

    100% up room to go.
    #44     Apr 11, 2004
  5. I like rule no. 5.
    #45     May 29, 2004
  6. 1. Agree
    2. Not necessarily
    3. In % of account terms, not in absolute terms
    4. Only if a systems trader
    5. Yes, if a discretionary trader
    #46     May 29, 2004
  7. Why not no. 2?
    #47     May 29, 2004