MadMarketScientist

Good decision! Unless you were planning on shorting everything Have fun with the GF MMS

Maybe everyone is too focused on the crashing market ... Help us out and start posting again BF! :haha: thx MMS

TradersLaboratory Newsletter - Aug 9, 2011 TOP POSTS & THREADS Stress Makes You Stupid - http://www.traderslaboratory.com/forums/healthy-trader/10487-stress-makes-you-stupid-2.html No, I've never had a weight problem. I don't gain weight. My brain may be atrophying though. When I imagine what a trader looks like, I don't imagine someone who has gained a lot of ... New to Trading and Seeking Guidance - http://www.traderslaboratory.com/forums/beginners-forum/10523-new-trading-seeking-guidance.html Hi, I'm a young unmarried guy with no kids and I have a desire to learn how to be a profitable trader. I come from a internet poker background where I made the money I have now. I live in ... The Sin of Predicting and Anticipatory Trading - http://www.traderslaboratory.com/forums/psychology/10512-sin-predicting-anticipatory-trading.html There are basically two types of traders- anticipatory and reactionary. It is important to understand which type you are to avoid the sins of prediction. The meaning of anticipation ... A Brief Comparison of Various Charting/trading Platforms. - http://www.traderslaboratory.com/forums/tools-trade/10520-brief-comparison-various-charting-trading-platforms.html As this is perhaps one of those things which is a real pain for traders to research and then switch if necessary, I thought it'd be good to share with you some of my experiences ... Considerations for a Wannabe Trader - http://www.traderslaboratory.com/forums/beginners-forum/9328-considerations-wannabe-trader-4.html Not to get into an argument over semantics Tim, but "So when a stock moves from $40 to $50, your setup is to enter long at $45" causes the confusion for a lot of people. Many dont ... Harmonic Pattern Recognition Software? - http://www.traderslaboratory.com/forums/forex-trading-laboratory/10339-harmonic-pattern-recognition-software.html Can anybody recommend me a good pattern recognition software for MetaTrader or Ninja Trader 7, I’m tried the AutoChartist software, but I having issues with it and well ... HOT TOPIC Good News and Bad News - http://www.traderslaboratory.com/forums/markets/10517-trading-tip-17-good-news-bad.html One of the biggest moments for the markets can come when there is a key news release or fresh fundamental data. Buyers and sellers seem to wrestle with the potential outcome, and in the case of larger announcements, volatility goes through the roof ...

TradersLaboratory Newsletter - Aug 6, 2011 TOP POSTS & THREADS 90% of Traders Never Make a Dime! - http://www.traderslaboratory.com/forums/beginners-forum/10469-true-90-traders-never-make-dime-2.html One thing that one must remember is that the population of successful traders is rather stable while the population of unsuccessful traders is likely a different group of people ... Moment of Truth for Stock Investors - http://www.traderslaboratory.com/forums/technical-analysis/10509-moment-truth-stock-investors.html A similar drop like past 10 days (more than 10% decline in a healthy bull market) is a very unusual event. This has occurred so seldom since great depression that you can count the ... How Do You Use Options to Help Predict Price? - http://www.traderslaboratory.com/forums/trading-markets/10511-how-do-you-use-options-help.html I say "predict" for lack of a better word since I know it is impossible to predict price. But I've read some articles about this and I'm wondering if any of you look at options to help ... Seasonality and Reversals Off of Ytd Lows - http://www.traderslaboratory.com/forums/trading-markets/10493-seasonality-reversals-off-ytd-lows.html Just fiddling with a thought.The summer doldrums (July and August) see many stocks touch their ytd lows.I have been tracking those that trade under $5 and show signs of a reversal ... Day Trading the E-mini Futures - http://www.traderslaboratory.com/forums/e-mini-futures-trading-laboratory/9773-day-trading-e-mini-futures-8.html What a day in the markets! I wanted to share a trade I did today. It kinda sucked. I made 10 points overall on it. I bought 1163.75. Damn! Here is a chart of the lovely rejection of the nearest ... An Introduction to Technical Analysis: Keep It Simple - http://www.traderslaboratory.com/forums/tech-analysis/10496-introduction-technical-analysis-keep-simple.html I have never understood the great divide between fundamental analysis and technical analysis. It is true that there are those who have made money trading by isolating and mastering ... HOT TOPIC Stress Makes You Stupid - http://www.traderslaboratory.com/forums/healthy-trader/10487-stress-makes-you-stupid.html Studies have been done that show the neural networks in a stressed out monkey have fewer branches than in a less stressed monkey. So stress can make you stupid. Oh, and it makes you fat too ...

Video seems a little over the top, but hard not to agree with the logic. The debt is killing the US and with the downgrade, it looks like it is happening. You are lucky being in Vancouver! MMS

That is a great idea - thanks! And this stuff happens, my hotmail account was hacked once after I signed up at alibaba.com! MMS

I had to pass along this spoof article from the Onion. The title says it all. However, this really isn't completely a joke. This article could realistically happen... and probably has happened with a few high-powered officials. MMS Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is | The Onion - America's Finest News Source

Here are some terrifying stories of small-business bank accounts being hacked for millions. The public just can't seem to get a grasp on the severity of cybercrime. Essentially, consumers are helpless. The government is doing nothing to protect its citizens. Furthermore, they're likely endangering us even more with antiquated identification systems such as the Social Security number. MMS http://www.bloomberg.com/news/2011-08-04/hackers-take-1-billion-a-year-from-company-accounts-banks-won-t-indemnify.html

I have never understood the great divide between fundamental analysis and technical analysis. It is true that there are those who have made money trading by isolating and mastering one type of these analyses. Rather than specialize in either, I use a holistic approach: The fundamental allows the formation of a bias for future market action, while the technical paints an objective picture of the market as it is here and now. Many people have a difficult time understanding the point of technical analysis. How can a bunch of math and seemingly arbitrary lines on a chart displaying prices over time help one pick points which represent opportunities to buy low and sell high (or buy high and sell higher)? The real benefit of technical analysis is that it keeps the trader objective. That is, he is merely reading the story that price action is dictating. He does not impart his own desires, opinions, and/or emotions into the analysis, as he might while analyzing the same market fundamentally. Mind you, just as with any other type of financial analysis used for trading, most using it are unsuccessful. Indeed, many have had experiences using technical analysis to overcomplicate often simple situations and impart their own emotions into the charts, even though this is exactly what technical analysis should be used to avoid. This is because there are near-infinite ways to use technical analysis; and more are being created every day. It has been my experience that keeping it as simple as it can be (but no simpler) is the key to being a great technical chartist. Let me impart my personal techniques, discovered by a painful but priceless process of trial, error, and observation. The most essential part of technical analysis is often the most overlooked by novices who jump headfirst into stochastics and MACD signals - the trendline. The trendline is significant and useful because it represents a simple and powerful concept: who is still making money in the current market move, and who needs to exit his position because the market is changing. When a trendline is violated, buying higher lows or selling lower highs is suddenly less profitable than it has been in the recent past. This will at the very least cause market participants to take pause and reconsider market conditions and at most create a reversal in the trend; this understanding creates opportunity and provides a signal to exit a position and reevaluate. Being aware that a trendline exists and comparing the trendline to current price and time gives one a sense of the state of the market. To create an uptrend, find an extreme low on whichever timeframe chart you are using and connect it to the next-higher low with a line. For a downtrend, find a high and connect it to the next-lower high. If we maintain the uptrend, buying dips is the strategy of choice. If the uptrend is violated, it does not necessarily mean that one should begin selling rallies, but one must be aware that buying dips is not as profitable as it had been. When an uptrend is breached, it is often most prudent to exit the long and watch to see if the market conditions have changed. This sounds too simple for most people, but it works because one is merely considering the objective facts: Buying dips is no longer as profitable as it once was, and indeed those who bought the latest dip may be losing money and quick to exit their long. The other piece of technical analysis that I find extremely useful and overlooked is volume. Many would not consider volume to be technical analysis, but in my eyes it is the only way to keep track of where the major money is changing hands and the time and location that most participants find important. Often, volume is quite complex to analyze, but following it closely and using patterns in volume to judge market conditions can be extremely valuable. Often on major highs or lows, you will see a relative spike in volume which indicates that a higher-than-usual amount of trading has just taken place. This is often a place where long-term stops have been placed, and positions have been exhausted. Being aware of volume spikes can keep one away from the herd mentality. If everyone is involved at the same scary low spike, it is not prudent to sell into that spike. By the same token, if one is short into that spike low, it may be best to cover some or all of one's position and take a breather, as most participants have just used most of their trading ammunition. It is apparent to me that these are the two most important forms of analysis because they work the same way for any timeframe of a chart, mirroring the market's fractal nature. What works on a one-minute chart will work on a monthly chart, simply because they reflect human nature. What day traders do within a day is the same general behavior that longer-term traders and money managers exhibit. The day traders are usually trading with each other, and the money managers do the same with their peers. The trends and areas of high market interest appear regardless of the timeframe of chart one looks at. Indeed, being aware of trends occurring in other timeframes often proves valuable in analyzing the "story" of the market thus far. Both trendlines and volume require attention and observation in order to become profitable. They are not black and white, and should never be treated as such. They are important in order to gain perspective as to what the market has done so far, who is winning, and where traders are most likely to exit or enter positions. If observed closely and combined with personal experience and patience, they often reveal where market participants have shown their hands, so to speak. They provide an objective framework for a trader to put market conditions into perspective, realize who is winning, and jump on board or get out before the exits become crowded. Combining these with an understanding of market fundamentals provides a trader with the basis to at least protect himself from ugly surprises... and with time become a keen member of the "smart money." Syndicated from the Casey Report

TradersLaboratory Newsletter - Aug 4, 2011 TOP POSTS & THREADS Why Don't Most Day Traders Scalp? - http://www.traderslaboratory.com/forums/day-trading-scalping/8339-why-dont-most-day-traders-scalp-5.html You may find that your survivability chances go up if you're willing to lose more often, lose very little on those losers and add to trades when you're winning. On a futures contract ... Step 1: Set Up the Legal Trading Entity - http://www.traderslaboratory.com/forums/beginners-forum/10483-setting-up-legal-entity.html After trading successfully on the side for years, I'm beginning the first step in implementing my plan to move to full-time trading. Before I take the plunge, I want to have everything set up ... One of My Strategies ... Need Your Comments - http://www.traderslaboratory.com/forums/swing-trading-position-trading/10479-one-my-strategy-need-your-comments.html Basic Ground Rules Before any trade(3 rules must be followed) rule#1:-try to trade only during the londan and us session. rule#2:-make sure to watch a news calinder and ... The Dimensions Of A Successful Trading Entity - http://www.traderslaboratory.com/forums/trading/10477-dimensions-successful-trading-entity.html Many considerations go into creating and running a successful trading entity. We’ll look at the most popular which get the most attention, right through to the most important, which usually ... At Your 'mean' - http://www.traderslaboratory.com/forums/technical-analysis/10474-your-mean.html Question setup: For commonality, “the mean” in the question below is your own ‘mean’ – a place where price has ‘reverted back to’. That means it’s not specifically or necessarily ... Overcoming the Fear of Loss (Pulling the Trigger) - http://www.traderslaboratory.com/forums/psychology/10476-overcoming-fear-loss-pulling-trigger.html This is a new excerpt from my forthcoming book: Mastering Trading Psychology. It is focused on another common fear that limits the capacity of a trader to develop his or her full potential ... HOT TOPIC 90% of Traders Never Make a Dime! - http://www.traderslaboratory.com/forums/beginners-forum/10469-true-90-traders-never-make-dime.html I have read this "90%" comment for a long time now and frankly, I am not sure I believe it. I'm suspicious that it isn't statistically sound. I have been trading for four years now and until lately, have beaten the S & P consistently each year with a per ...

Aug 2, 2011 TOP POSTS & THREADS Manual or Automated Trading? - http://www.traderslaboratory.com/forums/technical-analysis/10442-manual-automated-trading-4.html I have two main trading systems: 1. Automated entry, discretionary exit. 2. Discretionary first entry, automated add-ons, automated or discretionary exit. The first works great ... Which Market Internal Did You Guys Find Most Useful? - http://www.traderslaboratory.com/forums/market-internals/10455-market-internal-did-you-guys-find.html Trin & Tiki don't work as well as they used to due to the continued use of programmed and automated executions. On the other hand I use the NYSE Tick as the backbone ... Tricks of the Trade - http://www.traderslaboratory.com/forums/trading-psychology/10456-tricks-trade.html On reading a lot of posts about the psychology of trading, the struggle between full automation and discretionary trading and the arguments between teaching trading v actually doing it... Discussion on Volume - http://www.traderslaboratory.com/forums/technical-analysis/10438-discussion-volume-urmablume-wanted.html UB, I've been reading all your posts and find them interesting. In one example, you said something like: Point A - "the big traders go to market they don't use limit and they have a certain PRICE ... Trading Regime Analysis Using RWI - http://www.traderslaboratory.com/forums/tech-analysis/10448-trading-regime-analysis-using-rwi.html Michael Poulos shot into fame in early 90’s when he published an article about RWI. He showed that Corn has the strongest tendency to trend while Wheat has the least. RWI is ... Pivot Points - John F. Carter - http://www.traderslaboratory.com/forums/technical-analysis/1986-pivot-points-john-f-carter-4.html Pivots work for a few reasons: (1) The main pivot represents yesterday's value, as it is located between the close and the midline. 2) Pivots convey information on yesterday's volatility ... HOT TOPIC Why Don't Most Day Traders Scalp? - http://www.traderslaboratory.com/forums/day-trading-scalping/8339-why-dont-most-day-traders-scalp.html I'm not sure what I'm missing, but it seems that scalping is incredibly profitable with enough capital. Start with 3k. Open an account with Interactive Brokers. If you find a stock that oscillates about .1 percent, you'll be making a minimum of a dollar ...

Hi, Due to many requests, I'm starting this thread to post the Top Posts and Threads from our newsletter every Tues\Thurs\Sat. I hope everyone finds this useful - feedback is always welcome. thanks, MMS

Its been fixed - MMS

Ok we all know fiat currencies are trending down ... and I still don't believe the Dollar and Euro have seen their full devaluations yet ... so for a little fun let's see who can predict the year end price of gold and silver! My guesses are: gold - $1,800 silver - $50 thx MMS

Interesting ... I will look into it Fixed! MMS

Hi Tams, 1. Notification doesn't work: are you referring to the buttons at the very top? If so they work for me but I will keep it on list. 2. Ignore button: never knew it existed but I added it below user avatar on posts 3. Click on quote: I just used the button to reply to this thread ... you can't use the quote button at all? 4. We are always tweaking the site to make it better\faster for everyone ... notice I added a quick way to see someone's posts below their avatar? thanks, MMS

fixed ... and thanks for the effort in making the video! :thumbs up: MMS

Thanks for the reports we will look at it immediately MMS

Here's a pretty good, short animated video on the value of gold versus fiat money. The video also points out that it's difficult to have major prolonged wars without fiat money. In a way, it's a necessary ingredient as nations engaged in wasteful wars all go bankrupt without the printing press to keep them afloat longer. [ame=http://www.youtube.com/watch?v=RvL_Dm2d99A]‪Gold: Independent Money‬‏ - YouTube[/ame] MMS

The Custom Google search bar works pretty good ... Google Search - Traders Laboratory Forums thx MMS

Hi Sara, Nice to see traders of the fairer kind join us! Enjoy the forums and please post your commentaries. thx MMS

Hi Everyone, In partnership with Pivotfarm, get daily TradersLaboratory branded Pivotfarm Data Sheets! The daily links are in the Announcement thread (if you haven't seen it yet) http://www.traderslaboratory.com/forums/announcements/announcement-get-daily-pivotfarm-data-sheets.html I hope you find these useful. Thanks. MMS

I would venture to guess, of modern day currencies, the British Pound is probably the longest lasting. Great quote I saw today MMS

Ok this is now fixed, the Latest Posts boxes will show posts from ALL forums thanks MMS

I think he was referring to 'which is worse, ego or fear' when saying that things aren't black and white ... MMS