Jump to content

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.

MadMarketScientist

Administrators
 View Profile  See their activity

  • Content Count

    1281

  • Joined

  • Last visited

Everything posted by MadMarketScientist

  1. MadMarketScientist
    Welcome Mai, how is the eurusd trade working for you? MMS
  2. MadMarketScientist
    that is a great suggestion ...thank you! MMS
  3. MadMarketScientist
    I've have been watching for a correction (across all sectors) to kick in for some time now. Yet after the big down drop on this past week, why aren't I ready to get short with all my chips? Well its because the current trend is an up one, and pullbacks need to be looked at as buying opportunities, not an automatic change of trend. If there's one thing that has cost me the most money over the years, it's been trying to short the market because it has gone up “enough”, or bought because a stock has gone down “too far”. As chained-to-the-PC hyper-anxious traders, we tend to jump in on the first blip in the direction we are leaning, only to be slapped(!) when the dominant trend resumes. It definitely takes more patience to wait out a correction, but as the saying goes, “I'd rather be bored than broke”. You have to adjust your trend relativity to the time interval you are trading ... a market can be in a screaming uptrend, but even a one day correction is a downtrend on the small time frames. MMS
  4. MadMarketScientist
    As it is the beginning of the golf season here in the North, I thought I'd pass along the following helpful tips and observations... Never try to keep more than 300 separate thoughts in your mind during your swing. The less skilled the player, the more likely he is to share his ideas about the golf swing. No matter how bad you are playing, it is always possible to play worse. Counting on your opponent to inform you when he breaks a rule is like expecting him to make fun of his own haircut. It's not a gimme if you're still five feet away. The shortest distance between any two points on a golf course is a straight line that passes directly through the center of a very large tree. You can hit a two-acre fairway 10% of the time and a two-inch branch 90% of the time. If you really want to get better at golf, go back and take it up at a much earlier age. Since bad shots come in groups of three, a fourth bad shot is actually the beginning of the next group of three. When you look up, causing an awful shot, you will always look down again at exactly the moment when you ought to start watching the ball if you ever want to see it again. Every time a golfer makes a birdie, he must subsequently make two triple bogeys to restore the fundamental equilibrium of the universe. There are two things you can learn by stopping your back-swing at the top and checking the position of your hands: How many hands you have, and which one is wearing the glove. If there is a ball on the fringe and a ball in the bunker, your ball is in the bunker. If both balls are in the bunker, yours is in the footprint. It's easier to get up at 6:00 a.m. to play golf than to get up at 10:00 a.m. to mow the lawn. A good golf partner is one who's always slightly worse than you are. Golf balls are like eggs. They're white. They're sold by the dozen. And you need to buy fresh ones each week. It's amazing how a golfer who never helps out around the house will replace his divots, repair his ball marks, and rake his sand traps. If your opponent has trouble remembering whether he shot a six or a seven, he probably shot an eight (or worse). Fore!! MMS
  5. MadMarketScientist
    Thanks for the feedback, we are looking to redo the main page and we will consider this idea. Thanks MMS
  6. MadMarketScientist
    "Bulls Make Money Bears Make Money Pigs Get Slaughtered" ... this has saved me lots of money e.g. this made me sell half my position in silver at before the current meltdown MMS
  7. MadMarketScientist
    worked out as GREAT short today! MMS
  8. MadMarketScientist
    Hi, I just wanted to announce we've reached a major milestone in TL's history ... 100,000 Registered users! Congratulations to user "kalaycleDauff " for being #100,000. And thanks to all members for making TL a thriving community of active traders. MMS
  9. MadMarketScientist
    I trade stocks too ... NLY is one of my current holdings. Great dividend but a little worried about their business model when interest rates rise. From your note are you dividend scalping? How is that working out for you? MMS
  10. MadMarketScientist
    Welcome Ganesh! I hope you enjoy the forum, the blogs, and feel free to engage and ask questions. thanks, MMS
  11. MadMarketScientist
    HA so I'm taking the right approach ... just need to refine the methods I'm using The take-away, at least for me, is that I need to create a better process and find better tools to help me. For example, instead of keeping money in a trade I *know* is going down (e.g. silver) so that its still in my mind, I should find a tool that helps me keep a watch on these trades. Something more robust than a simple watchlist - like a trade management system or something like that. I guess I have work to do ... its all about the process ... MMS
  12. MadMarketScientist
    what strategy are you using? I've just been selling puts and calls for some income ... at most annualized to 20% or so ... far below what your doing! MMS
  13. MadMarketScientist
    Welcome to the forum! Please read and learn ... we want to all help each become better traders. Are you trading forex, futures, stocks, or options? Don't be afraid to interact and ask questions. MMS
  14. MadMarketScientist
    Glad you like tapatalk ... hopefully we will get to implementing the vBulletin mobile app after they fix all the first release bugs! For the pattern, how about something as simple as "X stock crossed the 20 day MA from below" MMS
  15. MadMarketScientist

    Hi,

     

    I just wanted to send you a note welcoming you to TL. Can you move your blog post question to the forum as the Blog area is more for Articles?

     

    thanks!

    MMS

  16. MadMarketScientist
    Spread betting is not a scam, its just a tax-exempt 'professional trading' version of gambling at the casino ... but hey people will speculate on anything! When is it coming state-side??? MMS
  17. MadMarketScientist
    Sorry I meant do you like TL on Tapatalk? I've never tried it and we are looking at implementing the new vBulletin Mobile. Back to the charts, yes imagine this scenario: - I want to look for the X pattern on a set of stocks - when the pattern is found on stock A - the shows all related content about A (so I can start my research and analysis) - it shows other historical times stock A had this pattern (so I can study what happened) - it also shows other similiar stocks that had this pattern in the past (so I can study what happened) I suppose this doesn't have to be just stocks, any tradeable instrument (futures, forex pairs, etc) would work. Is this available with Metatrader? Any MT experts out there? MMS
  18. MadMarketScientist
    Nice to meet you Dave and thanks for lurking! Don't ever be afraid to ask a question or two to the membership, no question is too stupid - we were all beginner traders like yourself at one point. As far as the web tool question, I would say a chart pattern recognition that then aggregate articles\content\etc related to the chart. But that's easy to wish for but extremely difficult to build. Glad to have you on board and best of luck with your tool (whatever it may turn out to be!) On another note, how do you find Tapatalk? MMS
  19. MadMarketScientist
    As we've been discussing silver in the other thread an interesting question was asked to me: My reply was something like It appears I may be lacking focus and always jumping onto the next thing? Instead of being an expert in EUR\USD forex, emini futures, etc., I'm just trying to find trades everywhere. What does everyone here do? Are you focused in a niche and dive deep into it or are you scanning for trades everywhere? MMS
  20. MadMarketScientist
    I ask myself that question all the time ... but when I am long something, I never sell all with the intention of buying more later. Instead I will sell some of the position, hold the rest, and buy more when its lower. I know mathematically this is not the 'optimal' trade but it works for me mentally. I think it has to do with the 'out of sight, out of mind' mentality I have. So if I'm out of a position I tend to not watch it anymore and move onto something else. Maybe I'm watching too many things? I guess I have things to work on ... trading well is a process MMS
  21. MadMarketScientist
    Welcome to the forum ... There is lots of content to read and if you have any questions don't be afraid to start a new thread. Enjoy your time here! MMS
  22. MadMarketScientist
    Which package did you signup for? Is it interactive, are you able to ask questions during the coaching questions with all the other students? MMS
  23. MadMarketScientist
    Another down day for silver ... how much further will silver fall past the 19% in the last three days? Very interesting chart below: Silver has had some large and scary sell-offs but the volatility is perfectly normal.The average of all corrections is 19%. Applied to the high of $48.70 on April 28, silver would fall to $39.44 if it matched an average drop. So the current pullback is about average. A couple corrections silver fell by about a third; which brings us to $32.48. A 25% fall would take us to $36.52. The 53.9% sell-off is pretty unlikely IMHO. I personally would love to see $32 silver, because that would be a healthy sell-off and appear to have limited downside from there. I'm holding tight and waiting to buy! MMS
  24. MadMarketScientist
    looks like the bullet train is slowing down ... maybe even going to crash ...what is everyone doing? holding tight or have you jumped ship already? i'm holding on and will be cautiously buying more MMS
  25. MadMarketScientist
    Trading all day is too much for me ... a small profit or loss each day and I move onto something else ... so no, I don't make a living solely on the e-mini MMS
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept