Australian (ASX) Stock Market Forum

Dump it Here

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captain black said:
Great thread Skate, well done :)



For me this is what a forum is all about. I answered a few questions Skate had on the Amibroker FAQ thread a couple of years ago and we've been in touch via email since then and I've enjoyed watching his progress to becoming a successful trader.

It's always the hope that someone you help out comes back and not only helps others out but teaches you as well in the process. :)

I'm sure anyone reading Skate's words of wisdom in this thread knows the knowledge I've imparted has been returned threefold.
Click to expand...

@captain black thanks for the kind words - I've been posting the knowledge gained from you.

@captain black thank you for posting in the 'Dump it here' thread as it allows me the opportunity to publicly acknowledge the help & friendship shown to me over the last 3 years.

I have been a lucky trader & a successful trader and my luck started meeting you.

Skate.
 
Mitek27 said:
Hi, I recently turned 18 and have invested in some shares in ANZ. I wanted to also experiment with day-trading using about $1000 and was wondering if anyone could recommended any companies to do this in that have fluctuation or any techniques for this? Thanks
Click to expand...

@Mitek27 I've been hanging back as there a ton of skilled poster in the ASF community & I'm sure you will get an answer to your question in due time, but in the mean times let me make a comment.

Day Trading
If you are considering Day Trading then be Very, Very, Careful.

There are sharks in them waters!

Education is the key
In the mean time read this 'Dump it here' thread from the start to the finish it will be educational and education is the key

Skate.
 
Have you ever told yourself this ?

“If I only took the profits here, and here, and here I could have done better”

Mindset
If so that mindset will make you a terrible trader !
I know, been there done that!

In those times ya just gotta 'hang tough'!

Trust your strategy
Hands off!

Skate.
 
Seeking a response

The words of Howard Bandy has kept ringing in my ears.

Howard Bandy Suggests
(a) holding a few days at most and
(b) Holding longer than about three days increases risk considerably.

Howard Bandy back in Dec 2016 made these comments
“Stocks have tendency to revert to the mean and breakouts usually do not last very long. I estimate risk of drawdown based on recent performance, then trade in such a way that I can manage drawdown. That is -- holding a few days at most whether long or short. Again and again. The sweet spot is high accuracy and short holding period. Holding longer than about three days increases risk considerably, as does accuracy below about 65%”

From my perspective
Having a short holding period is easier said than done but in reality it’s very hard to achieve and so far it has eluded me.

Stay with what you know - is that good advice ?
Howard Bandy confirms he trades this method successfully - but I’ve never been able to code a Daily Strategy anywhere near profitable that I would trade with confidence – that’s why I’m sticking with my Weekly Trend Following System till something better comes along that proves to be more profitable.

I'm seeking an alternative view
Howard knows what he talking about, he's smarter than the average bunny but has any member have an alternative view or opinion ?

Skate.
 
Metaphor for life – posted with permission

A quote from Bodhi in the movie "Point Break"

"This was never about the money, this was about us against the system.
That system that kills the human spirit. We stand for something. We are
here to show those guys that are inching their way on the freeways in
their metal coffins that the human spirit is still alive."

Skate.
 
Skate said:
Anyone have a quote to dump ?

“If you want the ultimate, you’ve got to be willing to pay the ultimate price. It’s not tragic to die doing what you love.”

Skate.
Click to expand...

That was actually a great Movie.

You're a Man of wise quotes Skate. Here's a favourite of mine:

"I firmly believe that any man’s finest hours – his greatest fulfillment of all that he holds dear – is that moment when he has worked his heart out in good cause and lies exhausted on the field of battle – victorious."

Another one from the same Man, with relevance to us as a Community:

"The achievements of an organization are the results of the combined effort of each individual.”
“People who work together will win, whether it be against complex football defenses, or the problems of modern society.”
“Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
 
Darc Knight said:
That was actually a great Movie.

You're a Man of wise quotes Skate. Here's a favourite of mine:

"I firmly believe that any man’s finest hours – his greatest fulfillment of all that he holds dear – is that moment when he has worked his heart out in good cause and lies exhausted on the field of battle – victorious."

Another one from the same Man, with relevance to us as a Community:

"The achievements of an organization are the results of the combined effort of each individual.”
“People who work together will win, whether it be against complex football defenses, or the problems of modern society.”
“Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
Click to expand...
So where does australia or the west stand on that last quote ?
Please also note the use of "effort"
 
Darc Knight said:
That was actually a great Movie.

You're a Man of wise quotes Skate. Here's a favourite of mine:

"I firmly believe that any man’s finest hours – his greatest fulfillment of all that he holds dear – is that moment when he has worked his heart out in good cause and lies exhausted on the field of battle – victorious."

Another one from the same Man, with relevance to us as a Community:

"The achievements of an organization are the results of the combined effort of each individual.”
“People who work together will win, whether it be against comple x football defenses, or the problems of modern society.”
“Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
Click to expand...

Let me channel Bob Katter (Katter's Australian Party)

@Darc Knight Bob Katter summed it up better than I could: "I support everything he said - 1000 percent" - "what was said was solid gold"

Skate.
 
Darc Knight said:
Not real sure what you're getting at. It's also not a thread for political debate I guess.
The community I was referring to was us at ASF.
Click to expand...

@Darc Knight expressed it perfectly when he said "It's also not a thread for political debate" - Thank you for expressing this again for me.

My I repeat myself
The 'Dump it here' thread (Page 50 Post #496)
@Darc Knight I'm seeking to have this thread sound & feel different - by you being a participant with the others posters above you has achieved my desire.

Opinions are welcomed (please don't ridicule or challenge it serves no purpose - express your alternative point of view)
The 'Dump it here' thread (Page 44 Post #438)
Thank you @willy1111 for expressing yours.
Whether your right or wrong isn't important - whats more important is that this thread gives you the ability to express your views without being ridiculed or challenged.

Skate.
 

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