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TheRumpledOne
6,358 posts
msg #77529
Ignore TheRumpledOne
8/13/2009 2:07:43 PM

I think you are splitting hairs.

TheRumpledOne
6,358 posts
msg #77611
Ignore TheRumpledOne
8/17/2009 7:13:27 AM

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process." (Page 54) HOW WE DECIDE

impliedvolatility
8 posts
msg #77929
Ignore impliedvolatility
8/25/2009 9:09:08 AM

I just finished reading "How we decide". Excellent recommendation do you have any more must read books TRO? I have read both of the Mark Douglas books and those were excellent as well. I m working my through Taleb's "Fooled by Randomness" and I read his other eerily prescient work "Black Swan" a while back.

Thanks in Advance!

TheRumpledOne
6,358 posts
msg #77942
Ignore TheRumpledOne
8/25/2009 10:41:04 AM

"WHY SMART PEOPLE MAKE BIG MONEY MISTAKES & HOW TO CORRECT THEM".

Do not waste your time reading about indicators.



retrofit
1 posts
msg #78264
Ignore retrofit
8/30/2009 10:46:17 AM

TheRumpledOne

Thanks for using your time to teach your system. I have never learned so much from anyone or any source on any subject. Now looking for any other way to trade would be a foolish waste of my time. I think you have made my future more boring.

Thaniks
JB


moondog
1 posts
msg #78628
Ignore moondog
modified
9/4/2009 2:23:05 PM

A few questions I hope someone will answer for me.

How big does the gap need to be for all the gap rules to apply? If it gaps .25 are all rules still valid?

When you get a valid gap trade and it reverses on you, is the buy/sell zone your stop?

Was the AAPL gap today a valid short? It opened at 167.22 and traded down to 167.09 on the open. 10 cent rule would have triggered but not if you had waited for the 1 min bar to close green.

If the stock has been trading up and starts quickly selling off and enters the buy zone are you looking for a green bar to buy or more looking for it to continue to the sell zone to sell

Curious how people's results have been...

Thanks !

Eman93
4,571 posts
msg #78648
Ignore Eman93
9/4/2009 7:19:32 PM

TheRumpledOne
- Ignore TheRumpledOne 8/17/2009 7:13:27 AM

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process." (Page 54) HOW WE DECIDE
===============================================================================================

I gottta be getting close.........LOL

The market is only a battel with your self........thats whats so great about it...........and so hard.
You see the entry you must take it, no hesitation...... you either win or you lose..... you push the button.....role the dice.
Get out quick when your wrong and let your winners run.......sounds easy as pie right.
Anyone can do that you say...........if you are a robot with no stake in the out come it is easy.
You need to be a Vulcan warrior with balls of steel.......either do or do not.....no try.

If it goes above the line you buy and below the line you sell.....thats it....the rest is in your head.
Figure 5 or 10 trades a day once you hit your max your done for that day.

TheRumpledOne
6,358 posts
msg #78685
Ignore TheRumpledOne
9/5/2009 12:25:59 PM

FINANCIAL CRISES SYSTEMIC RISKS

http://carbon.videolectures.net/2008/uni_lj/risc08_ljubljana/sornette_fcrm/risc08_sornette_fcrm_01.pdf

TheRumpledOne
6,358 posts
msg #78686
Ignore TheRumpledOne
9/5/2009 12:28:25 PM


How big does the gap need to be for all the gap rules to apply? If it gaps .25 are all rules still valid?

ANY GAP IS VALID.


When you get a valid gap trade and it reverses on you, is the buy/sell zone your stop?

YES.

Was the AAPL gap today a valid short? It opened at 167.22 and traded down to 167.09 on the open. 10 cent rule would have triggered but not if you had waited for the 1 min bar to close green.

WHO SAID ANYTHING ABOUT WAITING FOR BARS TO CLOSE?

If the stock has been trading up and starts quickly selling off and enters the buy zone are you looking for a green bar to buy or more looking for it to continue to the sell zone to sell

PRICE HAS TO MOVE UP TO THE BUY ZONE TO BUY AND DOWN TO THE SHORT ZONE TO SELL.

Curious how people's results have been...

PROFITABLE

Thanks !

YOU'RE WELCOME

TheRumpledOne
6,358 posts
msg #78687
Ignore TheRumpledOne
9/5/2009 12:32:28 PM

Be careful or the rat will beat you...

Don't let the rat beat you.

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process."

Pg 54 - HOW WE DECIDE


"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

Pg 64 - HOW WE DECIDE


"Think about the stock market, which is a classic example of a "random walk," since the past movement of any particular stock cannot be used to predict its future movement. The inherent randomness of the market was first proposed by the economist Eugene Fama, in the early 1960's. Fama looked at decades of stock market data in order to prove that no amount of knowledge or rational analysis could help you figure out what would happen next. All of the esoteric tools used by investors to make sense of the market were pure nonsense. Wall Street was like a slot machine."

Pg 67 - HOW WE DECIDE


TRADING IS SIMPLE:

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!!<< 1 ... 65 66 67 68 69 ... 102 >>Post Follow-up

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