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Dump it Here

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Trading is tough
If it were easy, everyone would be doing it and making a fortune. But the reality is, it's not easy. The market can be unpredictable, and even experienced traders can struggle to make consistent profits. As a hobby trader, I've certainly felt my share of frustration. It's easy to get discouraged when the market doesn't seem to be going your way. But the truth is, trading isn't a get-rich-quick scheme. It takes time, effort, and perseverance to succeed.

When the market is trending upward, it's easier to make money
But when the markets go sideways or down, it can be a real struggle. For those who don't trade systematically, it's hard to know when to buy and sell, making it easy to get caught out by sudden market movements.

Despite these challenges
I've learned that it's important to stay focused. I've been studying the market and trying to improve my skills, and I've found that there are still opportunities to make money even in a sideways market. It's all about being patient, staying informed, and being prepared to adapt to changing market conditions.

Skate.
 


Deep Yellow Ltd (DYL)
As of today's date, Wednesday the 4th of October, 2023, DYL is a great example of a trade that could potentially yield a profit.

Just a few days ago
DYL was trading at a level that would have triggered a "Take Profit Stop". However, it's since experienced a significant drop in price, and it's now fighting to stay above its trailing stop. Despite this, I'm still optimistic about its potential for profit.

As part of my weekly "Dual Breakout Strategy"
I'll be monitoring the signal at the end of the week to determine the fate of this position. While it's freefalling at the moment, there's still a chance that it could recover and close the week in a profitable position.









Skate.
 
I thought I'd Dump a copy here of my post in our Much Respected ASF Monthly Comp

" What a pack of CHEATS
There is no end to what those greedy Landlubbers do when they see a share at the TOP Right Hand side of a chart
It is as they think the World is Flat
Just watch them Run for the Hills in the face of a Huge Cold Front

This is a spectacle in its own right
Unfortunately they often find "Their Hills Are On Fire"

A month is a long time at Sea on the ASX
Cheers"

I post a copy here also as I am AMAZED BEWILDERED and ASTONISHED to find that not one of your Crew are MIA
 
Captain_Chaza said:
I thought I'd Dump a copy here of my post in our Much Respected ASF Monthly Comp
Click to expand...

Captain_Chaza said:
I send you a final message
As you have not appreciated my posts in the past
You won't GET them in the Future
Click to expand...

Captain_Chaza said:
I post a copy here also as I am AMAZED BEWILDERED and ASTONISHED to find that not one of your Crew are MIA
Click to expand...

@Captain_Chaza, I appreciate your contributions to this thread, but I must admit that I sometimes struggle to understand the true meaning of your posts. I'm concerned that the language used in your recent post may be perceived as derogatory towards certain members.

Specifically, the phrase "What a pack of CHEATS" and the line "It is as they think the World is Flat" suggest frustration with certain individuals. The reference to "greedy Landlubbers" and the phrase "Just watch them Run for the Hills in the face of a Huge Cold Front" are also difficult to understand.

If you're feeling frustrated and want to vent, I suggest using this thread to unload your feelings "without a direct reference to others". This can be a liberating way to express yourself and help others understand the real issue at hand.

Skate.
 
For those who can read charts I post Sailing the DYL in Multi Time Frames
For those who don't have the time I suggest you at least keep up -to- date with your Lithologies

Sailing the DYL----------One WEEK at a Time------&-------------One DAY at a Time---------------------& ------------5 MINUTES at a Time

Salute and Gods' speed


It was meant as a Joke in bad sportsmanship as I dropped from top 3rd to 22nd in one day LOL!
 
Yes! you did offend me
I don't take rejection all that well

As you are aware I asked for a vote of emojis both good and bad to see if I was wasting my time
It proved to me I was Wasting my Time

Why Bother ?
As St Jude said " You Can't Help the Hopeless "

But you must admit
With all your coaching None of your Disciples has ever gone on to the ASF Monthly Competition and give it a go!

Anyway
I am always available to you Privately
The rest can drown in their Silence as far as I am Concerned

Salute and Gods' Speed
 
Skate said:
@Captain_Chaza would you like to explain "why you won't be back", have I offended you?

Skate.
Click to expand...
Captain_Chaza said:
Yes! you did offend me
I don't take rejection all that well
...
Click to expand...
Good evening Captain_Chaza,
Probably need to toughen up abit, for mine. Reckon wash down some concrete with quadruple Navy Rum rations. ha ha ha ha ha Should do trick bloke.

Have a very nice night.

Kind regards
rcw1
 
Captain_Chaza said:
Yes! you did offend me
I don't take rejection all that well

As you are aware I asked for a vote of emojis both good and bad to see if I was wasting my time
It proved to me I was Wasting my Time
Click to expand...

@Captain_Chaza, I understand that you feel offended and frustrated with the situation. It's understandable to feel that way when we put effort and passion into something and don't see the desired outcome. There are several factors that contribute to why some members may hit the like button while others do not.

This forum is a community
Creating content and sharing experiences on this forum is akin to practising a religion. While some members are deeply invested and actively engaged, where others may be less involved. We both create content based on our individual experiences, with the hope that others may find value in the knowledge we share from our perspectives.

"Likes" are not the true measure of a post
Realistically, the value of a post or thread cannot always be measured by its "likes or comments". Sometimes, a seemingly simple or trivial contribution can resonate with a member and provide them with valuable insights or inspiration. Conversely, a highly detailed or complex post may not garner as much attention, but it may still serve as a valuable resource for someone seeking information on a specific topic.

Sharing is caring
Ultimately, the value of a forum lies not just in the content itself, but in the sense of community and collaboration that it fosters. By sharing our experiences and insights, we can learn from each other and grow as traders. Even if a post does not generate a lot of engagement, it still has the potential to make a positive impact on someone's trading journey.

Skate.
 

Some of your contribution is very welcome and interesting. However, I have difficulty in comprehending a lot of what you share, I was never the best at deciphering cryptic sea mysteries. Tintin was my forte, Captain Haddock was a good man.
 
just chiming in.

narcissism
/ˈnɑːsɪsɪz(ə)m/

noun
  1. excessive interest in or admiration of oneself and one's physical appearanc






    Similar:
    vanity
    self-love
    self-admiration
    self-adulation
    self-absorption
    self-obsession
    conceit
    self-centredness
    self-regard
    egotism
    egoism
    egocentricity
    egomania

    Opposite:
    modesty
    diffidence
    • PSYCHOLOGY
      selfishness, involving a sense of entitlement, a lack of empathy, and a need for admiration, as characterizing a personality type.
    • PSYCHOANALYSIS
      self-centredness arising from failure to distinguish the self from external objects, either in very young babies or as a feature of mental disorder
 

@Dona Ferentes, thanks for sharing your thoughts. It's important to remember that we can have different opinions and perspectives, and it's okay to have differing views. However, it's also important to be respectful and avoid using terms that can be hurtful or derogatory. Let's maintain a positive atmosphere in the "Dump it Here" thread.

The "Dump it Here" thread is a knowledge-sharing hub dedicated to exchanging ideas and experiences to enhance our trading journeys. As a diverse community of individuals with varying levels of skill and expertise, every member has valuable insights to contribute to the conversation.

Constructive criticism, when delivered respectfully, can be a valuable tool for growth. We encourage all members to provide feedback that is both constructive and respectful. By doing so, we can maintain a welcoming environment that promotes learning and development.

# Remember, no one knows everything, and there's always something new to learn regardless of experience or trading expertise.

Skate.
 


A number of issues raised.

(a) volatility (daily fluctuations);
(b) news/headlines/noise as contrasted with actionable relevant information;
(c) emotional control.

You can control volatility a number of ways: timeframe, market neutral positioning are two ways.

You can control emotional response by position size. The smaller your risk, the smaller your emotional response.

Noise v information. This actually comes down to skill. As with any skill the more time and effort you expend, the higher your skill level will develop to.

Some myths:

(a) mechanical trading will lower your stress levels or emotional response;
(b) technicals contain all the 'information' and no noise.

From the above you can see the direct relationship between volatility and emotional response.

The shorter your timeframe, the higher the volatility and the more likely that any given position will be a larger % of your available capital.

From the examples that Mr Skate has provided re. mechanical systems, one went I believe into a 7% drawdown in a 2 week period. This current market is a snooze fest currently.



When markets get volatile, that 7% draw will be a daily draw. And they will. A doozy is brewing under the surface.

When markets do get volatile, mechanical stops entered as GTC orders have a habit of not being executed anywhere near your price. Liquidity is the immediate victim of volatility.

Often I'll post posts from Mr flippe-floppe-flye. I know him quite well and his trading style. The trading style that he constantly references is 'hedging'. Hedging is a more expensive way of risk management, but when the SHTF it is a method that can reap you large profits.

I will never employ a stop. NEVER.

Hedging correctly is the professional way.

Hedging also solves the problem of position size and volatility. You want volatility. You want huge leverage. This is the exact opposite of what your more novice trader seeks.

jog on
duc
 
Now which one does not cover the Mad Cap't
 
@farmerge, @Joe Blow always tags his posts with "Be kind and respectful to others at all times and help them if you can. Always take the high road, even if it's difficult".

When we take the high road, we choose to act with integrity, respect, and kindness even when faced with difficult or disagreeable people. This can be challenging, especially when others may not behave in a way that we don't agree with. By choosing to act with integrity, respect, and kindness, we can build trust and respect, which leads to more positive outcomes.

Skate.
 
Last edited:
Be kind everyone. There is never any legitimate reason to be rude, unkind, nasty or cruel to others. It creates an atmosphere of negativity when we should all be striving for positivity in our own lives and the lives of those around us.

It is fine to disagree. We all have disagreements with others. The aim should be to turn that disagreement into something positive through constructive discussion and/or debate that leads to greater understanding and appreciation of each others' positions. I have witnessed many disagreements on ASF turn into constructive discussions that benefit not just those engaged directly in the discussion but also those reading and following along.

Be positive. Be kind. Be constructive. Be happy.

Have a great Friday everyone! It's a beautiful day outside.
 
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