Perrin

Interestingly (for me), I went to an auction today (a real auction in a room), bid and bought an item. It wasn't as scary as I thought it would be (I just went there and did it - the lot came up, I waved at the auctioneer, no one else wanted the item so it was "SOLD to the gentleman at the back!"). It wasn't anything special, just a general auction of household goods from house clearances. But I remember you saying about the market = a market. Today I was sitting in a room with people bidding. I was watching them bid. I was wondering about what were their plans of what to do with the items they were bidding for (they were possibly going to use the items themselves, although most people bidding looked like they might try to sell items later through their antiques shop (I pictured most of them as savvy antiques dealers or simply re-sellers who have an eye for an items value), or perhaps they are buying stock cheaply and will be storing it away for months in a warehouse until the market has improved). It was basically the same thing as trading online using a computer, like we do, buying stock and selling it at a later date.

Sorry to take this slightly off-topic - just regarding the 'too much coke' post above - it made me think of this video I saw on YouTube. It's from a set of Chemistry videos (about all sorts of different chemistry stuff) which are quite interesting. Anyway this one in particular was about coke in March 2012. From the YouTube video description: "The recipe is changed for Coke and Pepsi (in the US). It is because of the chemical 4-methylimidazole, which would require the companies to put a cancer warning on their labels. In this video we warn you not to drink more than 1,000 cans of the drink in a single day!" [ame=http://www.youtube.com/watch?v=cejoE9l4FCc&list=UUtESv1e7ntJaLJYKIO1FoYw&index=77]Coke and Pepsi - Periodic Table of Videos - YouTube[/ame]

I wanted to write a post to apologise for calling trading 'just nonsense', 'some stupid number going up and down based on what some idiot wants to pay for it' and 'just a crappy game'. That was insulting to everyone who has put time & effort in to trading. I insulted tens of thousands of my fellow TL members in one single paragraph! That's quite a lot of people that I owe an apology to. I apologise for saying those things (sorry everyone). Ironically I also insulted myself (sorry me). I think I meant that trading is a business that, in essence, is very simple. However, it may take a lot of time & effort before it becomes simple. I think I lost perspective on just how much effort we all put into this. I didn't mean to sound ungrateful for the wisdom that is available on this site. Thanks, Perrin

Thanks ingot Sometimes I don't watch these things because I think that I don't have the time to sit down for 10 or 20 minutes to watch them through. But often they give a perspective on life and what we're doing. Whenever I do go exploring these videos, I tend to find that I am glad that I have. Thanks again for starting the thread and for taking the time to post them. Cheers, Perrin

My apologies. All the best, Perrin

Why would you want to use a random entry system? Also, don't forget about commissions, slippage, taxes, etc. You need to take these into account.

Whatever you decide to name your trading dog, make sure he's capitalized.

Patuca I have to admit that was actually quite good and I couldn't help but to laugh. I did think that you were going to say there was no real answer because I just could not see any. It's strange how there are sometimes different ways of looking at things which are right in front of us, but until we are told about them (or until somehow we arrive at a new way of thinking, or we get a new piece of information), we can be blind to them. Thanks, even if your way of going about the riddle was... unorthodox. The real question should be - why did the man let his beloved dog run around the bridge - across the railway tracks! - instead of leading him safely over the bridge?

I agree, I don't think it would benefit anyone if it were possible to gamble too much and win due to there not being real money at stake. The most sensible way of proceeding is to encourage people to treat the game as if there were real money on the line. The DD rule won't eliminate bad trading, but it might help people try to do the right thing and treat the game in the right way. As long as everyone knows why it's there and why removing it might be detrimental to the game & players, then I think it should be kept.

What would happen if no one did it? What would TL become? It would be an interesting experiment to do, what would happen if no one stood up. How long would it take before the site turned seriously bad and all the good guys bailed out. I don't think that would be the most intelligent experiment to undertake if we are interested in improving ourselves. It's an interesting thought. To learn from the best I want to create a community where the best and the most intelligent traders and free thinkers can live and thrive, and in so doing I can learn from them. And uh, (hang on I'm trying to think and write), it's in my interests to also stand up (even if it's a very scary thing to do) to make this place a better place. Which then (hopefully) attracts the top talent and brains, which in turn helps me learn more. But, if I don't stand up, what does that make me, and what does that make the community?

With all due respect GoodTrader, I think Mitsubishi may be right. I would love to think he wasn't. However, Mitsubishi is a trained assassin of bad scammers & spammers. Charging for your services without being upfront about it, that's not very honest. GoodTrader/BadPerson is not going to endear you to people. GoodTrader, have you ever considered a job in advertising, or perhaps design work? There's no harm in doing another career, trading is extremely tough. You know that you would feel better about yourself and have a happier, more fulfiling life if you tried to help others (without being dishonest or too demanding), rather than going down the dark and lonely path of scamming. If Mitsubishi's killer instinct is wrong this time then I apologise. If however you look inside yourself and find that you don't like what you see, then it is within yourself to change and to make yourself a better person. Either way, you've got to admit that Mitsubishi has one hell of a way with words

But if no more buying comes in then price might drift sideways, at some point those holding stock might start getting worried that price is not rising, which may encourage them to sell, which may encourage more selling as there'd be a lower high & break of the uptrend line. I think "be prepared" is good advice. It's hard for me to be prepared for whatever happens. If we could see more then perhaps we'd get a better picture. But we can't so we have to go on what we've got (or stay out until we're comfortable with the setup). Which actually brings me in a bit of a circle to wonder if you (PT) are right and if we're only going to go on the current chart that we can see perhaps long is best (trade with the trend) at least until we get more information. But the movement from A to B looks a bit stop-start to me, it's on low volume (perhaps a more average amount of volume would indicate a continuation?) In your description of the chart you wrote that 'Volume tends to increase on rallies and decrease on reactions' - but there is no increase of volume in the current rally so far (from A to B). Perhaps it is just the way I am that I seem to currently favour countertrend trading, so I tend to find myself looking for trades which match that bias.

I'm not sure that I'm writing my thoughts correctly so I apologise in advance as I think I sound weird. Especially with all the if's, or's and maybe's I've used. I've only recently started writing a journal and I'm still only doing it intermittently. I'm hoping that writing it will lead to more improvements in my trading & me (not to mention that I hope it'll aid me in condensing my posts because I would love to write less & say more, ideally without spending loads of time re-writing & editing, as I'm not very good at doing those things).

I did consider the lunchtime angle but I don't think that would affect the way I'd play the chart. I'd say the price is about to drop. The price has made a few moves up already. There's no new volume coming in. It's preparing to head back down, not necessarily immediately but that's the feeling I have. I'd think about maybe going short. With a stop above the high. Or if I didn't use actual stops at specific points then I'd be prepared in case something unexpected happens like the price moving higher. If it did that, I would keep an eye on everything and see what happens, if more volume came in for example, what effect that has on the price movement. Or if price started rising higher on low volume, it might limp above the current high and then fall down. I'd try to go with the flow and prepare myself accordingly depending on what the movement told me. I wouldn't go long. If price somehow goes up firmly then I might have to re-think. If the price starts wobbling and tries to go up but can't (which seems to be the current situation) perhaps there's no more buyers coming in, then price may go down. Of course, I may be wrong with my thinking. If I'm wrong and price goes up, then that's great as I think the majority viewpoint is up? So if it goes up then the majority of us make money and I'll still be happy

Information, thoughtfulness, empathy, intelligence, honesty, humility, honour, friendships, decency, civility, helping the less fortunate, treating others as you would like to be treated yourself, being decent to other human beings (and to all other creatures for that matter). Those should be the weapons used to avoid tyranny and to keep people safe.

Patuca, I know life can be hard sometimes. You've said that you think people do not like you and you do not like them, on several occasions. Why? Perhaps if you look in the mirror and find that deep down you just want to be accepted and be liked by others, you could try to give people a reason to like you. Or at the very least, don't give them reasons to dislike you. Start small, try being polite, treat others as you yourself would like to be treated. See what happens. What will Patuca in ten years time think of the Patuca that he used to be? The future hasn't happened yet. Who you will be is entirely your own decision. If I have misread your posts then of course I apologise. All the best.

:rofl: Poor rey, he didn't know what he was letting himself in for

Thoughts... The bridge wasn't a normal bridge, it was a big log floating in the middle of a river, and the man had to go around the log (because it kept rotating round) to keep his balance. So he went across it and went around it at the same time. Or maybe he had some kind of skitzophrenic multiple personality disorder. Or maybe he was a ghost. Or maybe he was a particle, and he was in both places at the same time because he'd not been measured yet.

Is it something obscure like the railway tracks are underground and the bridge is above the tracks overground? But I've no idea how you go around the bridge and over it at the same time. Or something even more obscure like it's not quite based in reality, such as in a game (like the card game bridge as Siuya said) or monopoly where there are train stations (but no tracks as far as I know). No idea, really. The thought had crossed my mind that it's a problem with no answer, and we all need to sit in a cave for 300 years thinking about it in order to try to solve it, after which we finally figure out there is no one true answer, and we all figure out the meaning of life.

Siuya, I've heard the problem that you asked before somewhere, but I still couldn't remember the answer. And even when I read your answer, it still seems so hard to get the solution into my tiny brain. I'm not sure I like this thread. I didn't get into trading to solve complicated puzzles and problems!

I'll go for 8 - Lily, Pine Tree, Eagle Is it something like you can never prove something 100%, but you can disprove it. I'm not sure if that's related to this and that's probably not right. Eg this is a letter B <- , yes it is a letter B, proved! But it's something like one instance of an event which disproves the theory is all you need. Anyway:- You have to open the Lily because it might have a bird type of animal (or another animal which would disprove the theory). You have to open the Pine Tree for the same reason. You don't have to open the Fox because it cannot have a ....... no hang on. Pine Tree's wrong. Ok hold on. Let me rethink. Got to check any flowers. We don't have to check any other plant (eg the tree). Lily Pine Tree Fox Eagle So it's answer 5 - you need to open Lily, Fox, Eagle Lily (if there's not a bird on the back then the theory is wrong) Pine Tree (can only be an animal on the back so we don't care what type it is) Fox (it might have a flower on the back) Eagle (it might not have a flower on the back) NO! Hang on, we don't need to open the Eagle do we??? Because if we open the eagle and it has a flower on the back, or if it doesn't, it doesn't aid the proving or the disproving of the theory!!! So it's Lily and Fox, answer number 4!! Edit - I see TradeRunner got here before me - I thought someone would so I didn't look on page 2 before before writing this! Does this mean we get to join a quantitative hedge fund? Please don't tell me they ask more than one question or I'll be here all day (Just imagine how cool it would be if our brains were wired such that we could answer this question immediately, without the need for all the time of working out?!)

There's a selfish, evil part of me that really does not want the rest of humanity educated or intelligent or thinking, because without those traits, I can take every single penny that they have and leave them broken and destitute. However the reason I am writing on this thread is because I can see that in reality it would do me no good for others to be ignorant. They would become that very intruder that we are so afraid of. And then I'd need a gun to defend myself. What would be the point? What is the point in me trying to become wealthy if people around me are getting murdered, I would have to live in a gated community with barbed wire and machine guns all around, living in constant fear. Why would I want that? Is there a better way? How do we go about breaking the cycle of violence? Anyone can call others silly names – the problem is (for the name caller) that when a person does that it shows that they have lost the argument and all they have to fall back on is name calling and childish behaviour. What good does that do you or your side of the argument? Where are the benefits to you to acting in this manner? And what happens when your behaviour causes you pain? Will you use your guns and violence to desperately cling onto your beliefs? At what point will you look long and hard at yourself and accept the fact that more children will be murdered until you look at how broken the system is and figure out (sensibly, logically, intelligently) how to fix it. We have to be selfish and accept responsibility for the deaths of those children if we would like things to change. If you want more children to be murdered then you should continue with the same system. It's logical. You're a trader, you know this. Guns = violence. You cannot solve violence with more violence. It seems to work on an individual scale (e.g. woman shoots intruder, that's great (that's assuming we ignore the huge amounts of problems, fear, pain, etc, that it's created for all concerned – if you were the husband how would you feel leaving your wife in the house on her own from now on? What happens when 2 intruders come next time? 5 intruders?)). In any kind of society, in the long term, violence makes things worse. We need to break the cycle. Sometimes it takes a catastrophic loss in order to change behaviour. You can keep ignoring the problem and allowing more children to be murdered, and you could call that acceptable losses (of course it's not acceptable – but if you were to completely strip away all emotion you could), for as long as it happens to someone else and not to you personally. At what point does it become unacceptable? What happens when it happens to your family? Instead of ending up at the point where we are facing the risk-of-ruin and we have to kill or be killed, how about pulling back from the abyss and thinking things through.

Growing up does indeed suck in many ways. And it's bloody difficult. It does have its advantages, though.

Everyone fears change. But some things are worth changing for.

Who knows - we're all only human afterall! (I'm only joking, I know Optiontimer isn't human really) Co-incidentally I'm just about to start reading one of his threads - Optiontimer's Project. This place (TL) is amazing. I could spend years here just reading and reading.