Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
SunTrader
-
Content Count
1015 -
Joined
-
Last visited
Everything posted by SunTrader
-
So true, especially your last line.
-
Not in today's market and not for a long time anyway.
-
HL Camp & Co - The Secret World of Program Trading Also arbi in the pit between eMini and large.
-
I was referring to actual price movement, tick by tick and not where fair value is.
-
During this Euro Crisis period the eMini has had many a day where the range overnight was close to, equal, or greater than the U.S. trading session. Only to see price reversed once we started trading during regular session. Stocks are valued on projected earnings. The futures are not going to deviate, much, from where stocks are headed. The futures lead only because there is, in the case of ES, one futures contract and 500 stocks to trade. One decision versus 500. Faster execution. Simple as that.
-
Missed your earlier couple of posts. Above is what I said, but the more important of the two is how the market opens and closes today because what happened yesterday is history. eMini S&P being comprised of 500 stocks is a lot harder to manipulate than single stocks. It happens but not for long. Don't confused that with volatility though. But when I'm talking about the opening I should say the opening range, i.e. first 5 mins.
-
Agree I am similar. There are also exceptions - a few that could teach others not long after they have learned something themselves. But the vast majority (which I include myself) take time to truly do something well. Anyone can click a buy/sell button. And after not too long a time become proficient. But I didn't get into trading to be proficient. I did to become the best I could be which means continuing to learn, learn, learn and not downplay the journey to others. Many take that as being negative. So be it.
-
Well I can state I have evidence too without providing any. As I said, I just providing my opinion for what its worth. Obvious not much to you. Most all adults in this country can get behind the wheel of a car. Most don't truly know "how to drive" though. Even less are qualified to drive in the Indy or Daytona 500. Those who can didn't learn in days/weeks or months. All skilled occupations are the same. Good trading. I've said enough.
-
Well IMO you failed to. You just did what I did, gave an opinion. BTW how long have you been trading?
-
A) But yours are?? B) That is different. When I am posting on a trading forum such as this and referring to a trader I guess I should be more plain and specify "private individual trader". Wall Street employs traders and therefore trains them their way. Comparing the two is apples and oranges. For many years I worked in and around Wall Street, Mid-Town Manhattan and Westchester in a related industry. This isn't an opinion I came to from reading stuff posted on the web. C) The truth most want to believe is - just work hard and learn and yes you too can make a million dollars. Stats that have been thrown around since the days of Reminiscences of a Stock Operator don't bear that out. Believe want you want.
-
For my 15 years of trading I have often heard of a 90%+ failure rate. Ok so of course it is not possible to reach 100% but damn close to me at least to be called a kind of absolute. I have also never (again an absolute) come acrross a trader who learned in a few months what they needed to know that has consistently made money from that point on for a long career. Made a sh*tpile of money and blowed up months later. Yes. Fairly typical. Any job worth doing is worth doing right which means continuosly learning and getting better. It doesn't happen overnight or weeks or months.
-
When, not if, your 20k GBP shrinks below a certain level you might feel differently.
-
Agree completely......
-
So how many hours in typical day/week do you now put in in front of the screen? Extrapolate it out to month/year if you care
-
The opening is most important in my mind because markets have time to account for overnight or over weekend news. The close can be manipulated more so just like end of month and end of quarter and end of year window dressing. The open is put up or shut up. And also using the open for end of day analysis of the close, I always compare the close to the open. In other words did the market close higher or lower than the open and not whether or not it closed higher or lower than yesterday's close. Yesterday's close is far less important in relation to today's open or close.
-
A no-brainer when looking at markets other than 24 hour variety the most important price is the Opening.
-
Watching over 40,000 hours of real time data works out to - a typical long day of 12 hours of screen watching over 3333 days or 13.332 years if 250 trading days/year. So unless this is covering a far greater period than 13+ years "Billy needs a new hobby and/or just see the light of day". Unless a fat finger was involved in calculations. But then again you don't care for time, now do you?
-
I'm not paranoid. "They" are out to get me and my money.
-
MP like Momentum/Range/Kase Bars and Point & Figure charts take time out of the equation which IMHO is equally important to Price.
-
The majority of traders lose. The majority of traders try to trade like, anticipate or just generally concern themselves with the big money players, i.e. HFT's, Hedgies, etc.
-
As "they" say, that is what makes a market - a difference of opinion. The sun might not rise the following day - a possiblility. Especially if you listen to the naysaysers regarding Dec 21, 2012. who btw misinterpret what that date truly means. But is it a real probability? For inventors possibilities are a focus, to find something new. IMHO markets only have OHLC/Volume and futures open interest so no matter how you slice and dice it probabilities are the key - at least when it comes to actually making a living or better.
-
True but does a wise trader spend time looking for what is possible or what is probable.
-
A valuation based approach, did I miss something somewhere such as ...... ummm valuation. Where? Stops / no stops is not a valuation approach if you ask me.
-
:haha: Yeah sure...........
-
Don't know why the author says this since I have always heard most large, successful traders win < 50% of the time.