Hmmm...did Baron put you up to this?...smells like a 'ghost'... It is either that or you were successful for a week...!!! NiN
No, I'm real. Interestingly, I think people are assuming I'm a day trader, but I'm really a swing trader and I make about 2% to 3% a week. Thats pretty good if you understand compounding. There might be better swing traders out there or way better day traders...don't know what the bench marks are because so many people lie here. Why swing trading? Because I don't see how you day traders can make money when "noise" is such a large percentage of a stock's action. How can you make decisions on cause and effect when such a large component of movement is random? I tried all kinds of different things to filter that out, and finally found that I do better with swing trading where I can REALLY see the difference between noise and price action. Makes me wonder if the trick to becoming a day trader is to first learn swing trading, and then carry what you know into day trading. I could probably do that now. Us swing traders do have those periodic outside shocks (war, bad jobs reports, etc.) that can crop up in our time frames that the day traders can trade between...I guess there is some advantage there for the day traders. Anyway, maybe if the outsiders knew that I "only" make 2% a week through consistent effort, that would help. But I really don't want them knowing anything....which sucks... SM
Someone has been reading thier Tony Robbins,, haha.. but actually, probably some truth in this quote. I am not writing anymore, i dont want you analyzing me. EF
Not a Tony Robbins fan. I see all those guys as snake oil salesman that focus on sizzle as few really know steak, or have the wear-with-all to cut into their core, repair the damage and emerge ready to attack again. Simliar to selling you the shovels and picks to do the mining. They lack artistic interpetation and their depth of focus ends at commercialism. Difference between the satisfaction money provides, and the personal satisfation of completing an artistic endeavor usually requiring separation, are profound. When separation is thrown into the mix, it cuts to the core of being left behind, and dying alone in the world in enemy hands. The Army created an entire recruitement campaign on that specific core sense of primal fear reality. ... ... I'm not here to analyze you are anybody else. Just providing input for you to look and see what you see in you. If the input makes sense for you, use it to clear out what's in your way. If not, discard it. Denial comes in here, as you may push away input you can't face about you. That perpetuates the denial itself taking on a large life inside you. Only thing to fear about analyzing Self is fear itself, as there is no truth you can't face. You fear uncovering something that repulses you about you. By embracing the passion of discovering your conflicts, and as you resolve them, your talent frees up to express in more fully realized ways. Money helps, but can be curse, until it becomes a vehicle.
Euhm... You are going to deep here with your explanations and are spoiling most men and womens experiences of why they act and feel in such or such way. The people are here to experiences there fears and joys. You can not wake up somebody who is not 'ready' to wake up in his or her wholeness...
We do the same thing you swing traders do, but we do it quickly in real time. The daily price chart I use for swing trading stocks in my retirement accounts looks identical to the 5-min price chart I use for day trading futures. Both charts have red and green price bars indicating price movement within a specific time period and in combination with all the price bars that came before the last one printed, patterns emerge from the "noise". I would guess the patterns that set up a multi-day swing trade for you are similar to the patterns that set up a multi-bar intraday "swing" trade for me.
I get that. And I know that my methods would work on day trading. The real distinction is how much difference noise makes. For example, if you are day trading over...say...1/2 hour...and the stock's price increases by 1/4 percent most of that price increase might be from random noise...like....let's say from an unusual number of grandmothers buying stock for their grandchildren on a one-time basis. But lets say that it happened at a key support level. A day trader might think that the stock is going to bounce and go long. But to a swing trader, that 1/4 percentage move (caused by more grandmother's) would barely be noticed. IN THAT ASPECT, day trading is more risky because of misinterpreting patterns from noise. But on the flip side, If I'm swing trading, I'll probably hold right through the unemployment numbers. Day traders can just suspend trading to see what happens. IN THIS OTHER ASPECT, swing trading is riskier. But yeah...we both draw our lines, look at moving averages, oscillators, etc. I contend that it would be easier to learn to trade by first being a swing trader since its more "pure", and then use what you know to day trade. This would be akin to the fact that it would probably help you learn to play golf first on calm (non-windy) days before you try to play in a windy coastal area. Random winds would make it harder to get the feel for things while you learn. SM
The thread opener appears to have personality problems that in fact are unrelated to the job of sitting in your underpants in your basement and trading. Aside from the freedom enjoyed by making money from trading, there will be those at ET who, like me, know that you make your own personal life regardless. You lead your life pretty much the way you want to, with or without big money behind you. You never confuse money with happiness or a contented life. You choose to be upbeat and positive. You like being optimistic and forward looking. If you want to be socializing, with or without a partner, you organize and do it. Or if you like to sometimes hang out at a local bar and talk to people you do that. In fact I've always found that easy. And I don't have any urge to bullshit people about what I do. I prefer conversation in any direction, listening to others and contributing an interest in them works well and you are always, as a result, learning about the human condition. As well you don't have to be a raving extravert at all. If I may strike a religious or metaphysical view I hold, it is that you can have heaven on earth now. Its down to yourself and your attitude. And it seems that repeated positivity day after day after day builds the nodes on your synapses which embed your positive approach and thinking. Then if or whenever setbacks or upsets occur it doesn't take long for you to revert to your default setting of contentedness and positivity.