TO, q1: how many is afew??? what are the different charts we need to see? diff time frame? what about if we are do position/swing trade.....can I run with just 1 screen?? q2: could you explain the purpose of one good eye (I assume u meant a pair)?? what are we trying to see...and what not to see? q3: could you explian in detail the function of the simple brain? regards, poland
"...the age of the daytrader is over..." Can't agree with that but the article makes sense (or is that shite TO?): http://www.pbs.org/wgbh/nova/body/adler-stocks.html
someone once tried to explain to me all about the s&p futures..and how the futures are used to hedge big pending orders..and...and...and... the intricate workings of the financial markets are very complicated..ranging from program trading to options trading on futures and individual stocks..and..when pending orders are in the hundreds of millions there are some nice sweet commissions to be racked up!!! how is the cash index calculated? http://www.cftech.com/BrainBank/FINANCE/SandPIndexCalc.html so..the best thing to do..unless u are directly involved in that part of the game..is to forget about the complicated intricacies..entirely..and just concentrate on what u can expect to achieve..in the next short time..based on what u know about how people act and react there is no need to be an expert in this game..at all..even though many seem to think they have achieved that acclaim oh..just in case..there is really only one real expert..and he goes by the name of... The Expert...aka...TE
i scanned the article and then closed it..u were right..it is shite trading is gambling..full stop..so if u are going to gamble u better discover how to put the odds in ur favor..else..u might just end up one sorry bastard as we keep saying..it is so simple a child can do it..in fact..a child WILL do it better than most adults who try..as a child will do exactly what u tell him/her..providing the reward is there at the end let's take a step back if u were given $100K trading capital tomorrow..and u now have $400K buying power..what is ur plan and how will u execute it? u can lay out the plan any way u want..once it is easily understood
a guess at that question - i would treat that 100k like a gambling business. i would start with a business plan based on things relative to a trade (transaction) that put the probability of having a net positive at the end of a given period over X amount of trades. i would put that plan into action and then after a certain amount of trades, i would look for correlations and common factors that caused me to lose/gain money. i would avoid the losing characteristics and try to emphasize the winning ones that make the transactions in my gambling business net positive. losing is a cost of business just like normal overhead expenses and the key is to make sure that you never let your overhead get over extended. i know this seems obvious to most, but that is how i would approach the given scenario posted. get rid of the things holding my gambling business back and push efforts towards things making my business net positive. one of the deadly things in running a business is not realizing what things are hurting your business even though they are very clear in hindsight after the money is spent. in trading, there are so many factors that are hurting the cash flow that most people dont have a single piece of the puzzle in place to focus that as the core of the thing that generates cash flow. i am not preaching or even stating that i know what i am talking about as i am still working on becoming a positive gambler but i have eliminated a ton of things since i started. i might not be close to getting the answer but this is how i view things after several years of seeing a lot of things in this.