Dump it Here

Wyatt · 1 January 2019

Skate, your inspiring quote could be even valid for a bobsled team.

+ a couple more well known quotes trend followers live by.

"I came to the conclusion that the only stocks which would be of real interest to me would be those that were breaking all previous records: stocks not merely rising in price, but actually in their highest boxes ever." - Nicolas Darvas

"What seems too high in price and risky to the majority usually goes higher." -William O'Neil

Skate · 1 January 2019

Wyatt said:
Skate, your inspiring quote could be even valid for a bobsled team.

View attachment 91081

+ a couple more well known quotes trend followers live by.

"I came to the conclusion that the only stocks which would be of real interest to me would be those that were breaking all previous records: stocks not merely rising in price, but actually in their highest boxes ever." - Nicolas Darvas

"What seems too high in price and risky to the majority usually goes higher." -William O'Neil

How I Made $2,000,000 in the Stock Market (1960)

Darvas box system
Wyatt, Nicolas Darvas trained as an economist & during his time as a dancer, went on to develop what we know as the Darvas box system. Even if you lack the interest in trading it an excellent book to read nevertheless.

I actively trade a modified version of the Darvas Box system it forms a part of my Hybrid Strategy.

My Motto
Why invent the wheel

Skate.

Skate · 2 January 2019

Bad decisions

Behavioural errors create bad decisions

Skate.

Gringotts Bank · 2 January 2019

What would [insert favourite trader] do here?

Gringotts Bank · 2 January 2019

What elite looks like. Inaccessible, small footprint, low publicity.

https://www.renfund.com/

Skate · 2 January 2019

Gringotts Bank said:
What would [insert favourite trader] do here?

Gringotts Bank I'm confused - I'm unsure if you are making a statement even though it's posed as a question.

Explanation
To pose a question, or make a statement disguised as a question, is one way of bring attention to a problem. Then again I may be overthinking your post.

[insert favourite trader] = Captain Black, Nicholas Darvas & John Bollinger (I have 3 favourites traders & they are listed order of preference)

My trading Strategy
I actively trade a 'Hybrid Strategy' that is such named as it encapsulates & combines the methodology of each trader I have listed.

Why invent the wheel
My trading results stands on the shoulders of those three men.

Skate.

Skate · 2 January 2019

Gringotts Bank said:
What elite looks like. Inaccessible, small footprint, low publicity.

https://www.renfund.com/

Gringotts Bank are you recommending that I sign up ?

Let me make a quote about the 'elite'.

Overconfidence.
Overconfidence is perhaps the most common behavioural mistake, and while it’s pretty easy to spot by someone who is overconfident, it’s almost impossible for the trader to recognize it in himself.

Skate.

Gringotts Bank · 2 January 2019

Even with a few billion to invest, you might find it's still a closed shop. He's that good. Even better that no one has ever heard of him (Simons).

Skate · 2 January 2019

Gringotts Bank said:
Even with a few billion to invest, you might find it's still a closed shop. He's that good. Even better that no one has ever heard of him (Simons).

How does Simons make money trading
The smart Investors, the professionals, screw the little guy who lacks the education on the topic – that’s how.

Everyone who trade knows the risk or they should. (trading is a Zero Sum Game)

Skate.

Skate · 2 January 2019

Skate said:
How does Simons make money trading
The smart Investors, the professionals, screw the little guy who lacks the education on the topic – that’s how.

Everyone who trade knows the risk or they should. (trading is a Zero Sum Game)

Skate.

Let me go one step further..

Complex system
The financial market is a complex system, but that doesn’t mean it requires a complex strategy. Information is important, but understanding what drives the market is the key that leads to making a better decision.

Skate.

Skate · 2 January 2019

Skate said:
Let me go one step further..

Complex system
The financial market is a complex system, but that doesn’t mean it requires a complex strategy. Information is important, but understanding what drives the market is the key that leads to making a better decision.

Skate.

Another comment
I would like to make another comment about success & its application to trading & business.

Success
Nothing kills success like success.

Skate.

Gringotts Bank · 2 January 2019

Skate said:
Let me go one step further..

Complex system
The financial market is a complex system, but that doesn’t mean it requires a complex strategy. Information is important, but understanding what drives the market is the key that leads to making a better decision.

Skate.

I mentioned him for his performance and elite status in trading. He uses complex models, but I agree with you that complexity isn't necessary. I'd say the level of complexity has almost no bearing on performance.

Skate · 2 January 2019

Gringotts Bank said:
I mentioned him for his performance and elite status in trading. He uses complex models, but I agree with you that complexity isn't necessary. I'd say the level of complexity has almost no bearing on performance.

Sorry Gringotts Bank I'm stealing your quote and I'm going to 'Dump it here' I hope others don't just read your quote but think about it's simplicity.

"I'd say the level of complexity has almost no bearing on performance"

Skate.

Skate · 2 January 2019

Gringotts Bank said:
I mentioned him for his performance and elite status in trading. He uses complex models, but I agree with you that complexity isn't necessary. I'd say the level of complexity has almost no bearing on performance.

Application of a quote
Gringotts Bank I often hear that markets have changed and new rules are needed, well the markets do change but the underlying fundamental rules for success don’t seem to & "I'd say the level of complexity has almost no bearing on performance".

Skate.

Skate · 2 January 2019

What a great TAG

Joules MM1 - practice perfectly, to make what you do, a perfect expression of yourself.

Skate.

Joules MM1 · 3 January 2019

Skate said:
What a great TAG

Joules MM1 - practice perfectly, to make what you do, a perfect expression of yourself.

Skate.

"Never trust a man who, when left alone in a room with a tea cosy, doesn't try it on." — Billy Connolly

Skate · 3 January 2019

Joules MM1 said:
"Never trust a man who, when left alone in a room with a tea cosy, doesn't try it on." — Billy Connolly

Joules there are some great tags on ASF but yours is right up there. Your tag has motivated me to be a better person. (a wish I’ve made daily for the last 22 years)

There will be others who will find inspiration in your tag whilst so many will skim over it.

Skate,

tech/a · 3 January 2019

Skate said:
Another comment
I would like to make another comment about success & its application to trading & business.

Success
Nothing kills success like success.

Skate.

Business cannot remain profitable without some modicum of success.
You won’t trade long without consistent success.

Complacency——-kills success in my view.

Skate · 3 January 2019

tech/a said:
Business cannot remain profitable without some modicum of success.
You won’t trade long without consistent success.

Complacency——-kills success in my view.

Tech/a nothing kills success like success - let me rephrase.

Success
Success can lead to complacency which kills success.

Skate.

tech/a · 3 January 2019

But it’s stll complacency.

Complacency doesn’t naturally follow Success.

Success can lead to many things including more larger successes.

But I get it———it’s an often touted “Trueism”

You have started a great thread Skate but many truisms you have posted I don’t agree with
Just don’t have the time to go through them

Many truisms related to trading are just so off the mark!

Dump it Here

Wyatt

Skate

Skate

Gringotts Bank

Gringotts Bank

Skate

Skate

Gringotts Bank

Skate

Skate

Skate

Gringotts Bank

Skate

Skate

Skate

Joules MM1

Skate

tech/a

No Ordinary Duck

Skate

tech/a

No Ordinary Duck

Similar threads

Dump it Here

No Ordinary Duck

No Ordinary Duck

Similar threads

Privacy & Transparency

Privacy & Transparency