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Tams
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Everything posted by Tams
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I do not agree with that analogy. you are not competing with people to get the money out, the money is freely available to everybody, you just have to go get it. Nobody is stopping you, or hindering you in anyway. you do not need the strongest arms, or brightest brain, or largest capitals, or fastest speed, to succeed. There are plenty of money for everyone who wants them. regarding the broker, back office, etc., you are referring to the zero-sum game argument. That's a whole lot of different story... beaten to death over the last 10 yrs on various forums. If you think it applies to the discussion here, you can go ahead... not my cup of tea; it is totally irrelevant to me.
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different people see different things in the market... some can see signals in forex, some can see signals in forex futures but not in forex cash. some can see signals in options, some can see signals in spreads, some can see signals in YM but not ES, some can see signals in agri some can see signals in oil some don't see anything no matter how you help them. such is the wonderful life of the free market.
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welcome... but leave the pharm to the gamblers... there are invisible forces (govt etc) manipulating the sector which you and I have no control over.
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the 10% who are not losers, or the 5% who made it, or the 1% who made it big... they all share one trait, they don't argue with the market. in trading, nobody cares about your reasons for success, nobody cares about how you use your MACD or VSA or Fib numbers or whatever, because nobody cares about your excuses for non-performance either. there is only one job to do... that is to get on the train. you can be a guru, you can be a rocket scientist, you can be a wiz kid, if you are not on the train, even if your "prediction" is right, you are still a nobody. ps. if you got on the train and got stopped out, sorry, you are worse than a nobody.
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Tuesday Jun 7 Ben Bernanke Speaks 3:45 PM ET Chairman Speech Description Ben Bernanke (FOMC Voting Member) speech to the International Monetary Conference in Atlanta. Bernanke may use ‘T’-word to describe weakness By Steve Goldstein, MarketWatch WASHINGTON (MarketWatch) — There’s no denying that May was a disappointing month for the U.S. economy. Only 54,000 nonfarm jobs were created, the Labor Department has estimated, and a variety of regional and national manufacturing indexes have all seen sharp declines. See story on May jobs growth. The first opportunity for Federal Reserve Chairman Ben Bernanke to address the recent weak data will be Tuesday afternoon at 3:45 p.m., when he delivers a speech on the "U.S. economic outlook” in Atlanta, Ga. to the International Monetary Conference. The question is how gloomy Bernanke will be at the Ritz Carlton Buckhead. Chances are, the central banker isn’t going to be waving pom-poms but won’t be crying, either. Bernanke will take questions after his prepared remarks conclude. “I don’t think we are going to hear alarm bells,” said Yelena Shulyatyeva, an economist for BNP Paribas in New York. “He may talk about recent weakness as being transitory or temporary.” “Transitory” is a word Bernanke has frequently employed to describe the impact of rising commodity prices on inflation. He’s been somewhat vindicated in that analysis — oil CL1N -0.11% is now trading around $100 a barrel, rather than the roughly $115 it reached in April — and may use the pulpit to explain why, in his view, the economy in the latter part of 2011 may not be as limp. full story here: Bernanke may use
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I think you are looking for an exit, but there is no graceful exit for you, other than a blow up in 12 months. TTM has been around for awhile, they are a known entity to us. We know how they operate. We know more about them than you think... LOL. We even have their "esoteric" indicators, just do a search in this forum and you will find them, all dissected and analyzed (and free download !)... only a newbie like you will get excited by their smoke and mirrors. Don't feel bad, you are not the first one... you are a statistic.
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what does hoffman has anything to do with me? (or you for that matter? are you confused? LOL) unless you and the OP and hoffman are one and the same person. in that case, I think you would blow up in 12 months as well.
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A man can fail many times, he is not a failure until he begins to blame somebody else. -- John Burroughs A trader can lose many times, he is not a failure until he begins to blame the market.
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I would give the OP 12 months max for a blow up.
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no that's not meant to be offensive... I am laughing at your post, that's not offensive. L. O. L. .
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. ... volume bar chart is always useful to those who can benefit from it. .
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maybe the solution is not in finding a way to execute... maybe the problem is, the method you are using is not a good match to you. ie. match to your personality? match to your trading style? match to your environment? match to your capital size? match to your background? match to the instrument your are trading? match to the time frame? ... the list goes on.
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there is a difference between excuse and explanation... the difference is in the denial of reality. I don't know your reality, so I am not going to comment on it. I didn't even read your explanation in detail, I don't think it would make a bit of difference to me (or you). You have to deal with your reality... having a good system that you cannot execute is as good as having no system at all.
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hindsight explanation is just that... hindsight
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there can be 3 possibilities.. 1. the methodology is wrong 2. your understanding of the methodology is wrong 3. your application/execution of the methodology is wrong
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there is a difference between eliminating time and ignoring time.
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no, the post is not an indictment of you... these are just thoughts that came to my mind. this is a public forum... although you are quoted in the post, the discussion is general in nature, and the conversation is open to the public.
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first, you have to learn to trade. if you know how to trade, you don't need no freek'n firm. with the futures leverage, you can start with a small account, and still make a decent living. but you have to know what you are doing. trading is not gambling. trading is not luck trading is not a wishful thinking event trading is not for everybody.
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daytrading in a prop is a sucker's game. you are only generating fees for the firm. :-(
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there are 2 types of trading houses.... the legitimate ones, where they give you the training, then set you free with their capital. (banks, funds, etc). then there are the shady ones... most of them are called "prop", where you have to bring an initial capital to the company, pay an initiation fee, a monthly desk fee, software fee, data fee, training fee, etc., they give you next to no training, (talking to the guy next desk is training)... when you are done with your own money, they boot you out.
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assuming a trendy market, if you are trading with the moving average, you can martingale it and the devil can be on your side. ... until the moving average flips without telling you first.
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I think teaching is good... it forces you to think and explain yourself you otherwise would not.
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Lawmakers warned US may lose top debt rating Moody's says Congress, Obama need to act to head off possible default A second major credit rating agency is warning the U.S. government that it could lose its sterling debt rating if Congress and the Obama administration don't reach an agreement to raise the nation's borrowing limit. Moody's Investors Service said Thursday that if the parties fail to make progress soon, it would put the U.S. rating under review for a possible downgrade. That's because there's a "very small but rising risk" that the government will default on its debts. Standard & Poor's, another major credit rating agency, issued a similar warning in April. The U.S. government hit its $14.3 trillion borrowing limit on May 16. The debt limit is the amount the government can borrow to help finance its operations. full story here: Leaders warned US may lose top debt rating - Business - Stocks & economy - msnbc.com
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.......... aren't life great? ..........
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what chart resolution do you follow?
