Daffy Trades Micro Patterns under $1

[tech/a]

Re: Daffy Trades Micro Patterns under 50c

You have a very clever broker being able to execute a SELL STOP order at the highest price to date.

I should have shown you more of the course of sales so that you could have come up with a more plausible story, like I had placed a limit order as a sell target. But why you wouldn’t declare that instead of saying watching????

View attachment 63575

Next story.....

Who cares seems only you.

If I make a sell at a loss your happy.
Make a profit --- cant have a duck do that.

Seriously I cant be bothered.
End of thread.

 

[craft]

Re: Daffy Trades Micro Patterns under 50c

Who cares seems only you.

If I make a sell at a loss your happy.
Make a profit --- cant have a duck do that.

Seriously I cant be bothered.
End of thread.

I don't care what money you make or lose. However the truth I'm interested in that, because when people are not telling it you have got to wonder what their motivation is.

Running away over a bit of scrutiny - really....

 

[sinner]

Re: Daffy Trades Micro Patterns under 50c

Who cares seems only you.

If I make a sell at a loss your happy.
Make a profit --- cant have a duck do that.

Seriously I cant be bothered.
End of thread.

As usual tech, a broker statement viewed by mod settles all.

 

[pixel]

Re: Daffy Trades Micro Patterns under 50c

As usual tech, a broker statement viewed by mod settles all.

Why should a mod be bothered vetting Broker statements.
What this argument boils down to is this:

We have a long-standing member, who goes out of his way to share his considerable knowledge with all others to learn and benefit.
And then we have one or two who are less interested in the big picture of suggested trading strategies, but appear more intent to pick nits and check minute details, which could well be construed as accusation "you're fibbing."

I choose to take in the strategies, accepting tech/a's examples at face value. Having found them sensible and honest, it won't even occur to me to check a particular detail. And I most definitely wouldn't waste my time poring over trading records.

 

[myrtie100]

Re: Daffy Trades Micro Patterns under 50c

Hear hear! pixel

 

[craft]

Re: Daffy Trades Micro Patterns under 50c

Why should a mod be bothered vetting Broker statements.
What this argument boils down to is this:

We have a long-standing member, who goes out of his way to share his considerable knowledge with all others to learn and benefit.
And then we have one or two who are less interested in the big picture of suggested trading strategies, but appear more intent to pick nits and check minute details, which could well be construed as accusation "you're fibbing."

I choose to take in the strategies, accepting tech/a's examples at face value. Having found them sensible and honest, it won't even occur to me to check a particular detail. And I most definitely wouldn't waste my time poring over trading records.

Am I correct that you are a moderator Pixel? If so I'm finished on this site.

 

[DeepState]

Re: Daffy Trades Micro Patterns under 50c

Items which may be relevant to this exchange, for your consideration:

 

[Joe Blow]

Re: Daffy Trades Micro Patterns under 50c

Folks, surely there are better ways to deal with what appears to be a minor discrepancy than this? I don't think tech/a has intended to mislead anyone here, and I'm not sure how this all got blown out of proportion.

I am always willing to review broker statements to resolve a dispute if required. However, I would think that would be a last resort, especially when a long term ASF member is involved.

Sometimes a quick PM or a simple question on the thread is all that is required to straighten out any confusion without unnecessary conflict. This has been a relatively constructive thread so far, I would hate to see it end on a negative note.

 

[pixel]

Re: Daffy Trades Micro Patterns under 50c

Am I correct that you are a moderator Pixel? If so I'm finished on this site.

Apologies, craft and sinner;
No, I did not reply in my capacity as a moderator, but as a grumpy old man objecting to what to me looked like an accusation of dishonesty against tech/a over his trading examples. In that frame of mind, I also misinterpreted sinner's suggestion that a mod should check trading records. Had the request come as a "Report this thread", it would have been discussed as required - and probably rejected with a more polite rationale.

Instead, I should have taken the time to reply as a moderator. Then I would have pointed to the first two paragraphs of the Code of Conduct, and this section of the Posting Guidelines:

If you have good reason to suspect that any posts are inaccurate, are based on inside information or are likely to mislead or deceive people who view or use the postings please contact Aussie Stock Forums management using the website contact forum and appropriate action will be taken.

 

[skc]

Re: Daffy Trades Micro Patterns under 50c

Who cares seems only you.

If I make a sell at a loss your happy.
Make a profit --- cant have a duck do that.

Seriously I cant be bothered.
End of thread.

Tech/a... please don't abandon another thread. If you standby what you do then carry it through. It doesn't matter what you do, you are not going to please everybody on the internet. There'd be fans and there'd be critics. Roger Federer has them, Brad Pitt has them, and all threads on a stock forum will certainly have them. If Roger Federer abandons a tournament every time someone is critical towards him... Tennis world wouldn't be quite the same.

You have a very clever broker being able to execute a SELL STOP order at the highest price to date.

I should have shown you more of the course of sales so that you could have come up with a more plausible story, like I had placed a limit order as a sell target. But why you wouldn’t declare that instead of saying watching????

Next story.....

Craft,

1. Tech/a never said whether he's doing these trades for real or not. Nor did he say he's trading the same size as the hypothetical $30k base. So not finding the exact 7500 shares in the course of sale does not mean anything. Suspicion if you feel so, but not proof.

2. There's little doubt that, based on the course of sale and timing of Tech/a's posting, the only way he could get his claimed fill was a limit order @ 71c on the way up. And not through a stop order (it never traded @ 71c on the way down anyway). Again, suspicion if you feel so, or tardy posting, but not proof.

3. You could see a 7500 order going through @ 65c in the course of sales. Even if that is the real fill price, it's only a $450 difference in profit. The course of this thread or the validity of the strategy used is unlikely be judged on such small amount.

4. At least Tech/a made the posts before the trading halt. I guess it could easily gap up or down substantially. It would look extra bad if he make a claim about exit after that.

So I think we should let the thread run its course and let the audience judge on the overall trade management and strategy over the stated time frame over many trades... IF Tech/a decides to carry on.

 

[sinner]

Re: Daffy Trades Micro Patterns under 50c

lol wow, must remind self to not make offhand comments on a Friday afternoon. Perhaps the reason I didn't consider that it might cause offense is because tech is on about this exact thing all the time? I thought it was the standard for the forum...I honestly thought tech would just post a screenshot from his account as he has many times in the past.

https://www.aussiestockforums.com/forums/showthread.php?t=15129

T/H posted this in the Gann thread in reply to a poster.



I support T/H's view not only with regard to this claim but many other claims made by posters.

Many who make trading claims here I'm sure don't even trade.
Public web sites are full of rubbish as well as full of outrageous claims.
So how do you sort them out?

I believe you should be able to question these claims and if someone is using a real time example and claiming a particular result whether that be a singular event or a long term method.

If they are talking $$s then prove it if asked. Otherwise the claim is nothing BUT hot air and personal back slapping.

This should not be seen as egotistical but as credibility.

Those who are looking for real people with real claims must be able to ask for this and those who can supply it will have no problem in doing so. Those working on theory/hindsite or hypothesis wont. This is where the majority here and most public sites reside.

Opinion is fine but when your CLAIMING result then people have every right to question it.

Would certainly sort the wood from the chaff.

I think where people are making monetary claims with regard to results then they should be substantiated.Other wise they are just hot air.

Now returning you to your regular broadcast...

 

[tech/a]

Re: Daffy Trades Micro Patterns under 50c

I am 100 % with Craft and Sinner.
I will be making one last post on this thread to
Finalize the portfolio and the commentary.

 

[Trembling Hand]

Re: Daffy Trades Micro Patterns under 50c

I reckon Tech used the wrong terms like he always does. (Must be tough being an old man )

Should it have been sold on limit? Instead of stop?

 

[Temporary]

Re: Daffy Trades Micro Patterns under 50c

This is craft – I wish to acknowledge pixel’s apology which occurred after I disabled my account.

Yes I cast suspicion on Tech’s exit. Because they looked suspicious to me. I didn’t ask a moderator to be involved or trading records to be involved – Tech could have clarified, ignored, thrown the skirt – his choice.

Execution, slippage and gapping – Are immensely important to the real implementation of this type of strategy. I’ve ventured into this thread twice – look back to the first time I entered this thread and questioned the theoretical transactions vs what could be achieved for real. There seemed to be acknowledgement of this from Tech and he said he was going to trade it live to keep it real.

Tech could not have used a sell stop to get .71. So if .71 is correct he’s used a price target. Considering the strategy and the need to let the winners run – I’m very curious, suspicious that this is not a wart and all look at a strategies reality. If Tech has grabbed a profit over letting it run – well that’s interesting. A trading mistake in relation to the strategy or a discretionary improvement. Now a discussion on a trading mistake and the psychology that drives them could have been interesting.

Obviously I didn’t put my suspicions the right way. But why is Tech beyond suspicion in the face of contradictory information? Forgive me but I question everything the more sacred the more likely I am to question. I didn’t think Tech would run from scrutiny. And actually this is all just a storm in a tea cup – I agitate Tech I know but he’s up to it and I don’t do it to just annoy him but to get him to consider something.

What really pissed me off was Pixel’s post as a moderator- a representative of the site.

What this argument boils down to is this:

We have a long-standing member, who goes out of his way to share his considerable knowledge with all others to learn and benefit.

Obviously he’s not talking about me here. Do I not share? do I not have knowledge? Do I not do it for the benefit of others? Are my contributions worthless? (probably shouldn't have jumped to these implications but I did)

Thing is I have made 10’s of Millions from very little in the market on purely a private account. Maybe subconsciously I just want acknowledgement from people who understand how difficult and I suspect rare that is (yet I had never quantified the amount before) I tell myself that I want to payback, to share so either way Pixels lack of acknowledgement cut to the bone.

I grew up in housing commission, left school at grade 10 and was never able to work myself into a job that didn’t bore me to death – probably because I kept arrogantly questioning things rather then the social discrimination I blamed it on. But questioning everything is also what I think has helped me the most in the market. Not just the polite questions but the really hard questions and don’t worry the hardest I save for myself. Not many things for me to hang my hat on but family & Friends and being able to make money in the market. Lack of acknowledgement (thanks to my baggage) cuts. Questioning everything is at my core – it cuts when I keep getting in trouble for being suspicious and questioning. Expressing myself in an acceptable way still seems a skill that eludes me.

Any rate these are my issues to deal with and to boot I’m now trying to deal with the amount of time I spend on investing when I don’t need too – what mental muck up drives that?

Thank you for the apology Pixel - I’m going to disappear from this site – not because of this episode Its settled in my mind. But because it’s what I need to do and this is as good a catalyst as any. Prior to ASF I was pretty much in isolation from others with market interest except for reading. I feel I have got to get back there – A quite room just to think. Maybe I keep getting into trouble as self sabotage to make me do what deep down I know I need to do. Sorry for that.

I hope I haven’t come across as a mental wreck. (actually I could be crazy – Would I know?) Talking about this type of crap on a public forum is a bit weird but in reality 90% of bearing risk for money (what we do however we approach the market) has to do with those few inches between our ears rather than the crap that we spend 90% of the time talking about and focusing on.


Happy journeys.

 

[CanOz]

Re: Daffy Trades Micro Patterns under 50c

Going to miss you around here Craft...

Tech, hope you stick around.

Both of you add so much value to ASF...

Not much more i can say really.....

CanOz

 

[Joe Blow]

Re: Daffy Trades Micro Patterns under 50c

Okay, I'll throw my 2 cents in here again as there are a few more things I'd like to say.

What follows is not aimed it anyone in particular and is general commentary that is not related to this specific situation. I'm saying it here because I think this thread is where it needs to be said right now. It can always be moved later.

I think it's a real shame that people leave ASF or abandon threads because of personality clashes and/or conflict with others. It doesn't have to be that way. There are much better ways of dealing with issues and resolving disputes that allow discussions to continue in a constructive way, in spite of any disagreements or differences of opinion.

When people are getting along and contributing to discussions in a constructive, co-operative way the level of discourse here at ASF can be extremely high. Conversely, when people take combative approaches, things tend to get ugly and the level of debate can decline rapidly. In my opinion this is simply a consequence of human nature. Nobody like to have accusations leveled at them. Nobody like to have their motives questioned. The vast majority of ASF members act in good faith and are here for all the right reasons. Yes, we get spammers and trolls occasionally, but they are few and far between.

In cases where there are genuine concerns about the accuracy of what someone is posting, there are ways of questioning someone that don't come off as accusatory. For example, a simple request, either in the thread itself or via PM, for someone to clarify something is often more than enough to get to the bottom of any confusion. Assuming that someone is acting in good faith, and giving others the benefit of the doubt is always the right approach. If it turns out that someone isn't acting in good faith, that will be revealed soon enough.

I really dislike seeing threads derailed or abandoned due to unnecessary conflict. It defeats the purpose of a website like ASF that functions as a community of people who share common interests. But what really saddens me is that I don't really believe that anyone - other than the odd troublemaker - actually wants conflict and discord. I think that most conflict is the result of a series of misunderstandings and poor decisions that lead to regrettable situations.

I constantly struggle with the best way to manage ASF. When should I intervene and when should I stand back and let others sort things out themselves? I do my best to be fair and even-handed and to discourage conflict and encourage collaboration and constructive debate. I have no agenda beyond that. I like it best when everyone is getting along. Forum discussions shouldn't be about one-upmanship but about the meeting of minds to share and debate ideas, concepts and methodologies, and to increase the knowledge and understanding of not just those participating but those reading along passively.

I think the best advice I can give is to please think before you post. Ask yourself, how is the person this is addressed to going to perceive what I am writing? Is it ambiguous or likely to be misunderstood? Is there a better way to say it so that my purpose is clearer? Even though I ask myself these questions all the time I still get it wrong on occasion. It is easy to misinterpret what someone is saying. The written word can be ambiguous or misunderstood. Sometimes the misunderstanding is due to what is written, and other times it is in how it is interpreted by the person reading it. Sometimes it's a little of both. Just please give others the benefit of the doubt and put aside any preconceived notions. I don't see the downside in assuming that others have good intentions. You won't always be right, of course, but you'll spare yourself a lot of unnecessary conflict in the process.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 50c

Portfolio

Previous accumulated losses -2183.50
Losses from end June to now
SEN - 300
VTX - 300
EDE -300
AJM -120
Total accumulated Loss $ -3203.50

Closed trades

SBM 1 $392
SBM 2 $94
CWC $2250

Open Profit as of 24/07
AHZ $528
AZM $750
VAH $129
MAH $396
EDE $1050

Total $5589
Less accumulated losses. -$3203.50
$2385.50 or +7.25% on Portfolio

Objective.

To demonstrate that with cutting losses and letting profits run
Particularly in the lower than 50c groups the large number of
small losses are often re couped very quickly. It is far more
likely to see prices double in this lower priced stock area than
in stocks with higher prices. Its my view that if even small trends
can trigger powerful gains out performing the index by a large margin
over a period of time.

Practical application.

I strongly agree that when offering a practical application of a method
for public scrutiny it has to be verifiable ---where liquidity can be an issue
doubly so. I find little value in calling trades
at the end of the day unless it is an EOD or EOW method. Manipulation can occur.
But if trading statements are going to be required---make it mandatory for
ANYONE who opens a thread showing entry/exit/stops etc. Not Just
Ducks.

Personal opinion

Those who do go to the time and effort to spend the hrs necessary to explain
a method to a group of faceless avatars --- should be supported. They have
had the guts and generosity to sacrifice their time in the hope that both
they and those who have an interest will benefit.

There are some very intelligent guys here who are either Chartered Accountants/
Economists or using both Macro and Micro economics in their daily field of work. I enjoy
reading their work. But I personally don't believe that the Joe Averages out there who don't have
Economic degrees or Mathematical Doctorates---need to have one to turn a profit.

Again personally I don't see any demonstration where the practical application of much
of that discussed can be used to create profit. I'm dumb I need step by step instruction once
over Year 11 standard. I know there are gems that could help me but I cant see them readily.
But I do see lots of conversations which just seem to be mental economic gymnastics.
Statements and theories that I cant certainly debate intelligently.

Frankly other than debt free the only real contributor in this thread has been Craft.
I didn't expect a following while trading at a loss but did expect some sort of questioning
if there was an interest. Sure there are a few and I hope those who have followed now
see what I was doing (There is much more with regards to the patterns---why they failed
and why some didn't---including the commentary bar by bar.)
But all of this takes a great deal of time---time I don't have.
During the day it does interfere with my work---my out put is around 50%---for ever flicking
to charts and neglecting tenders/scheduling and generally the running of a Company.

That------SKC is the primary reason I don't seem to continue threads. My time is far more
valuable to the 20 faces who turn up to work than it is to the faceless Avatars here.
I lose sight of this---my fault..

Finally Craft.
I personally have no desire to teach this stuff to anyone on a commercial basis. I don't have
an ulterior motive. I enjoy beating the odds---everyone does!

 

[skc]

Re: Daffy Trades Micro Patterns under 50c

This is craft – Happy journeys.

Craft, I'd send you a PM but I feel perhaps this has a slightly better (albeit still slim) chance of being read by you.

You can leave this forum, but you can't take away the posts and impressions you've made.

You wanted to give something back because what the market has given you... You will never know how many people and their lives that you've inspired, educated and changed for the better, due to everything you've posted on this forum. From your first post to the last.

Thanks.

 

[tech/a]

Re: Daffy Trades Micro Patterns under 50c

Just noticed I didn't put A2M in my reconciliation.
Ill also finalise all trades open without adding any new ones.
At least then there is some form of finish to the concept

 

[get better]

Re: Daffy Trades Micro Patterns under 50c

You wanted to give something back because what the market has given you... You will never know how many people and their lives that you've inspired, educated and changed for the better, due to everything you've posted on this forum. From your first post to the last.

I'm one of these people that has learnt so much from ASF and everyone's posts. I still have a long way to go but I have also come a long way from knowing nothing a couple years back - all because of your kindness as well as others - providing valuable and free advice/insight. Heck, I'm still reading some of those ancient threads that are still very much applicable in current day (i.e. recently added techs potential BO trading thread to my to-read list once I get through a couple of other things).

One day I hope that I can also share the knowledge I have gained from ASF and teach as much as I can (within reason).

Thanks craft for all your sage advice over the years (as well as all other long standing members).