Day traders ONLY - a continuing study

[ducati916]

et al

What is becoming quite apparent in this thread, is that in reality, contrary to what is generally posted, that there are very few, [if any] daytraders that ply their trade on this forum. I am sure there will be the odd shout of disagreement, but there you have it.

The reason is that most retail daytraders fail, and fail miserably. The few that succeed tend to have quite a high burn-out rate, as this is stressful. Most morph into longer term strategies, which is eminently sensible.

For those seriously interested, I will trade live if there is enough interest. Those who are interested, simply send a PM & we can [if enough] arrange a day.

jog on
d998

 

[nizar]

Most morph into longer term strategies, which is eminently sensible.

You are probably right here.
For me personally, it was the other way around, i wanted to ride long term trends but in the end i found myself mostly buying and selling on the same day or holding for a few days.

 

[Bobby]

Now that Tech has left the thread ~ Who Cares ?

I do !!

The subject will be poorer without him, like others I was interested in Tech's quest for self-understanding & consciousness development.

I like these words by Ralph Emerson.

Do you want to be a power in the world ? Then be yourself. Be true to the highest within your soul & then allow yourself to be governed by no customs or conventionalities or arbitrary man-made rules that are not founded on principle.

Bob.

 

[It's Snake Pliskin]

Now that Tech has left the thread ~ Who Cares ?

I do !!

The subject will be poorer without him, like others I was interested in Tech's quest for self-understanding & consciousness development.

I like these words by Ralph Emerson.

Do you want to be a power in the world ? Then be yourself. Be true to the highest within your soul & then allow yourself to be governed by no customs or conventionalities or arbitrary man-made rules that are not founded on principle.

Bob.

Bobby,

Nice comments.
I considered contributing, but decided against it. Tech has left, everyone wants to "knock" those who speak. I don't tolerate rubbish or those who have graduated with rabbit mentality. It has really made me think how terrible the "Australian knocking those who achieve something" mentality is rampant. For that reason I will PM some of you with some trades and methodologies in the new year. Actually I may just blog it if time permits.

Take care Bob.
Snake

 

[wayneL]

I sincerely hope Tech comes back.

Anyway, this blog HERE suggests an unusual psychological tool to warm up for the days trading. I reckon it would be particularly useful for day trading.

Cheers

 

[barney]

Bobby,

Nice comments.
I considered contributing, but decided against it. Tech has left, everyone wants to "knock" those who speak. I don't tolerate rubbish or those who have graduated with rabbit mentality. It has really made me think how terrible the "Australian knocking those who achieve something" mentality is rampant. For that reason I will PM some of you with some trades and methodologies in the new year. Actually I may just blog it if time permits.

Take care Bob.
Snake

Put me on the list thanks Snake.

Not everyone likes to "knock" imo ..... actually, on this forum, there are more non "knockers" than knockers ..... Its just that the knockers get noticed more (I think they like it that way!!!! ....... )

Come on Tech .... there has been enough support from the genuine folks around here for you to drop back in and give us your two bobs worth ................ Actually it would be a great sign of character for you to do that ............. Any one else agree??

 

[constable]

Put me on the list thanks Snake.

Not everyone likes to "knock" imo ..... actually, on this forum, there are more non "knockers" than knockers ..... Its just that the knockers get noticed more (I think they like it that way!!!! ....... )

Come on Tech .... there has been enough support from the genuine folks around here for you to drop back in and give us your two bobs worth ................ Actually it would be a great sign of character for you to do that ............. Any one else agree??

Yep couldn't agree more Barney. Tech's a valuable asset to asf.
By the way i nearly posted to the funniest post thread before...when i found out someone uses astrology to pick their shares hahaha lol

 

[Kauri]

I think that Tech/a has finally had enough and moved on. For the Knockers that have managed to destroy the singularly most educational aspect of the ASF forums, THANKS. Maybe one of these ****rs will now step up and freely share thier time and knowledge. Or maybe not.

 

[chops_a_must]

I would really like to see what genuine day traders do. Not because I'm interested in becoming one, just purely out of curiosity, and I'm always interested in learning new things.

So if there are pm's or whatever, count me in.

 

[stoxclimber]

I think that Tech/a has finally had enough and moved on. For the Knockers that have managed to destroy the singularly most educational aspect of the ASF forums, THANKS. Maybe one of these ****rs will now step up and freely share thier time and knowledge. Or maybe not.

How can someone be a great trader if they get so emotional about a poster on the internet? Shrug. I think it's just attention seeking, but maybe one really can get so emotional, see esp the IDIOTS thread. After all, theres one tried and tested way to silence the critics and thats to put runs on the board - not running away.

 

[wayneL]

How can someone be a great trader if they get so emotional about a poster on the internet? Shrug. I think it's just attention seeking, but maybe one really can get so emotional, see esp the IDIOTS thread. After all, theres one tried and tested way to silence the critics and thats to put runs on the board - not running away.

Stox

We are not here to butt heads, but to help each other. Tech's got the runs on the board as far as trend trading and this thread was to trade ideas on day trading.

Does anyone think for a moment that Buffet or Soros would hang around to be insulted? It's not about running away at all. Tech hasn't said a further word here at ASF... where's the attention seeking?

Seriously, folks have got the wrong end of the stick here. Enough of the picking and knocking!!!

Precious few have been willing to put up like Duc or Tech and a couple of others, but plenty of knockers.

It's spoilt it for the people who want to learn.

Think about that folks!!!

Please, only content and questions from now on!

 

[Bobby]

How can someone be a great trader if they get so emotional about a poster on the internet? Shrug. I think it's just attention seeking, but maybe one really can get so emotional, see esp the IDIOTS thread. After all, theres one tried and tested way to silence the critics and thats to put runs on the board - not running away.

Stoxclimber I'm going to go a bit easy on you, have a read of a few hundred of Techs posts, you will then find he's already got the runs on board!

When you are insulted in a unwarranted snipe too often, my reaction could well be the same 'Stuff this why bother'.

Bob.

 

[Bobby]

Wayne I posted without seeing yours.

Liked what you said but.

Cheers bob.

 

[It's Snake Pliskin]

Put me on the list thanks Snake.

Not everyone likes to "knock" imo ..... actually, on this forum, there are more non "knockers" than knockers ..... Its just that the knockers get noticed more (I think they like it that way!!!! ....... )

Barney,

You and Bobby are my Buddies.

 

[MichaelD]

Does anyone think for a moment that Buffet or Soros would hang around to be insulted?

Buffet or Soros would not put themselves in such a firing line in the first place.

Being philosophical for a moment - why does anyone who knows how to trade post in public fora like this? Why do YOU post? Why does Tech/A post? Why do I post?

It's a question I personally have pondered for some time. Is it altruism? Is it the desire for companionship (trading being such a solitary game)? Is it a way of confirming our own beliefs (to fully understand a concept you must teach it to another/if we say it on a forum we are more likely to do it in our own trading)? Is it an ego-stroking exercise?

Whatever the case, any time you post in these fora, you expose yourself to a whirlwind of ridicule, most likely from the 90%ers. From what I have seen so far, the only time when true trading wisdom is welcome is towards the end of a painful bear run. Come the bull run and what we have to say is again scorned.

Enough philosophy. Now perhaps back on topic (although it's probably mortally wounded).

 

[wayneL]

Buffet or Soros would not put themselves in such a firing line in the first place.

Michael,

The question was rhetorical, but as a point of order, they do put themselves in the firing line, just in a different arena. Soros at least, will come out in the media and put his views out there. He has had some interesting exchanges over the last year. We here are simply in a parallel universe, but the situation is similar.

Being philosophical for a moment - why does anyone who knows how to trade post in public fora like this? Why do YOU post? Why does Tech/A post? Why do I post?

It's a question I personally have pondered for some time. Is it altruism? Is it the desire for companionship (trading being such a solitary game)? Is it a way of confirming our own beliefs (to fully understand a concept you must teach it to another/if we say it on a forum we are more likely to do it in our own trading)? Is it an ego-stroking exercise?

It's a good question, and I think all of the above factors come into play to a lesser or greater degree.

But it is undeniable that we humans enjoy talking about our interests and experiences. That's why we all get together to "shoot the breeze" at the pub. We are gregarious creatures.

Whatever the case, any time you post in these fora, you expose yourself to a whirlwind of ridicule, most likely from the 90%ers. From what I have seen so far, the only time when true trading wisdom is welcome is towards the end of a painful bear run. Come the bull run and what we have to say is again scorned.

Enough philosophy. Now perhaps back on topic (although it's probably mortally wounded).

You do develop a thick skin

 

[SevenFX]

What a Shame Yogi (or inviduals like him) can pick off people he dislikes and continue to harrass them till they don't see any value in being here.

Who will it be next WayneL, Kennas, Snake, Duc, MichaelD...???? all the people we admire and learn a Lot from like Tech/A who has contributed so much round here.

If were Silent and allow this to occur, it's only a matter of time b4 it will be Yogi with someone else who he doesn't agree with.

 

[MichaelD]

You do develop a thick skin.

Just part of the winning trader's armamentarium.

Hint for everyone: The ignore user function is extremely well implemented here on ASF. It can make life here a lot more pleasant.

 

[Bobby]

et al

What is becoming quite apparent in this thread, is that in reality, contrary to what is generally posted, that there are very few, [if any] daytraders that ply their trade on this forum. I am sure there will be the odd shout of disagreement, but there you have it.

The reason is that most retail daytraders fail, and fail miserably. The few that succeed tend to have quite a high burn-out rate, as this is stressful. Most morph into longer term strategies, which is eminently sensible.

For those seriously interested, I will trade live if there is enough interest. Those who are interested, simply send a PM & we can [if enough] arrange a day.

jog on
d998

Hello Grant,

Remember when you used to post your trades live on another forum, takes guts & ego to do

What I would like to know is your past feeling when doing this?

And now a renaissance, good on you!

Duc, what I'm asking of you is this, having been there & experienced this form of trading with your own money, your thoughts from the past to present would be most valuable.

Regards Bob.

 

[ducati916]

Bobby

Duc, what I'm asking of you is this, having been there & experienced this form of trading with your own money, your thoughts from the past to present would be most valuable.

There is no one answer that will appease everyone. Speaking for myself, the day-to-day pressure of needing to maintain an emotional equilibrium necessary to exercise impartial discipline, with sums of money that were significant to myself............were exhausting.

At times it was impossible. I had a series [live] of six or seven quite major losses, and my confidence was at a very low ebb. I did manage to come good, but, it took a lot to keep placing trades.

The temptation is to cut back on size.
On the face of it sensible, and recommended by many authors.This to my mind is a MISTAKE.

Why?

Simply because, you start a pattern of losing with size, and winning small. It's simply another variation of ignoring [or poor discipline] on stops. There are other variations on the same theme, but in essence, as previously stated, the psychological grinding will wear down 95% of daytraders.

This is a more accurate interpretation of the 95% lose statistic. You may place 100's perhap's 1000's of paper trades and win a high % and think, hell son, I'm in the 5%.................not until you can overcome the relentless grind of daytrading. Nothing worse than being asked everyday by the Missus, how much money did you make today, when you've just been mauled by some Futures contract.

Why don't boxers, or contact fight sports fight full contact everyday?
Same reason traders shouldn't trade everyday.
Do yourself a favour, and let the mind heal itself between trades.

jog on
d998