This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Dump it Here

Jump to new
Skate said:
View attachment 91754
My favourite two words are:
1. Please
2. Thanks
Click to expand...
While I agree, the most positive word that one can learn after the 2 your have mentioned, is just 2 characters, NO. It is simple and constructive.

I never just say NO, but provide an explanation for why I have used the word.

Eg. NO, i disagree with your position due to xxxxxx
NO, I prefer to take another course of action that is more beneficial to my core beliefs
NO, I do not believe violence is the answer
NO, it is not want I want to do, regardless of pier pressure or that my much gain the acceptance of the crowd.

If only I had learnt the power of this single word when I was younger, I would have made less mistakes.
 
Just one more thing to get off my chest :
I need to modify my original post,
"You can bullsh--t a bullsh---ter, just not a master bullsh--ter of which there a very, very few and you my friend as one of those very few"
For those that might read this, you need to read back through the posts to understand the contexts of this statement for I am just a grass hopper

 
Thanks for your kind words yesterday Skate.

Just to clarify for everyone, I don't have any commercial interest in writing code or selling systems so please don't contact me asking to buy systems or offer to pay for coding. Always happy to help out someone genuinely interested in trading anytime though.

peter2 said:
There are Traders Tips to assist traders to code the CAM indicator in many trading platforms if you're interested. Search for Traders Tips Jan 18.
Click to expand...

There's a good thread on the Traders Tips Amibroker code for the CAM indicator in the Amibroker forum for anyone wanting to explore the concept a bit further. There's a few different coding ideas in the thread including charts, explorations and systems to test.

https://forum.amibroker.com/t/s-c-magazine-jan-2018-traders-tips/3875
 

Oops, missed this bit. TJ posted an article about "skim reading" the other day. Seems I'm guilty of it too

There's no official code for the "CAM" system but there was a thread in the Amibroker forum with some good code in it that you or others might find useful Skate.

https://forum.amibroker.com/t/s-c-magazine-jan-2018-traders-tips/3875
 
I want to pose a rhetorical question (meaning it doesn't require an answer, but it requires you to think of one)

Not related to trading
Imagine if I gave you a piece of A4 printer paper & said "do something with it & give it back to me in a week"

What would do with with that sheet of paper ?

Skate
 
I wish to make a series of statements.

My way is correct
I've seen so much written in forums over the years, telling others that "their way is the only way". (which is wrong, by the way)

Alternative view
I've never made a comment like that, to the contrary, when it comes to trading there is no right or wrong way. If you disagree with me, don't tell me so, you'll hurt my feelings, all I ask is for you to explain your alternative view, keeping "on point".

Skate.
 
I trade is trend following system.

Trend following is popular
The only real issue with trend following is that most Trend following Systems are highly correlated and tend to track the broader market movements at the same time.

What do I mean ?
Traders using a variety of 'Trend Following Systems' most likely buy stock at the same time, maybe a week here or a week there. Once Trend traders buy a position it brings out the sellers offloading their positions for a variety of reason.

I just brought it now its dropped in price
If you have ever wondered why the dip in price after you buy buy a position, now you know (It's not the only reason) that's why the share price has a habit of taking a hit early on in the trade.

Stick to your guns
Stocks happen to trend at the same time & if you're happy to accept that then there's nothing wrong with trading with a group of others, you are sharing a similar view. Buying good stock or buying bad stock is of no concern for trend followers as we make our money being with the crowd hoping others join in, pushing the price higher.

Skate.
 
OFF Topic

Is it only me or is everyone at the moment making a bucket load of money ?

The tradings gods have been kind (very generous) to me in January, I don't want January to end.

Skate.
 
Skate said:
Not related to trading
Imagine if I gave you a piece of A4 printer paper & said "do something with it & give it back to me in a week"

What would do with with that sheet of paper ?

Skate
Click to expand...

I'd say, "Skate pls write down your pearls of wisdom so myself and others can learn from you and your many years of experience".
Lucky for ASF and the Internet, that proverbial A4 sheet is right here to benefit everyone!
 
Skate said:
Is it only me or is everyone at the moment making a bucket load of money ?
Click to expand...

My ASX momentum systems are sitting around their long term averages. US trading has been very good in January. My long term ASX systems have had a good January too.

Futures have been very good in January too, plenty of volatility. Both the automated systems and discretionary trading are above my long term expected results.

The volatility on futures markets has decreased in the last week or so which tends to signal a decision point or change in direction.
 
Darc Knight said:
I'd say, "Skate pls write down your pearls of wisdom so myself and others can learn from you and your many years of experience".
Lucky for ASF and the Internet, that proverbial A4 sheet is right here to benefit everyone!
Click to expand...

Decision making
No one likes to say ‘I don’t know’ it makes one look stupid, when faced with a complex or difficult decision, even a simple question about what a person would do with a piece of A4 paper confuses most as don't know what to do or say.

What do you think these people would do with that piece of paper
Leonardo Da Vinci, Vincent Van Gogh, Rembrandt or even Michelangelo, or a famous poet Edgar Allan Poe, I know what they would do. What about J. K. Rowling, or Dan Brown they would certainly know what to do but when it comes to us, we just don't know.

Rules
There are NO RULES when it comes to trading and most people like ‘rules’ and like to be told what to do. Give someone freedom & the $hit will hit the fan.

Skate.
 
Trading is a blank piece of paper.
When people are in doubt, they tend to look to others first, that's human nature. Some people would rather adopt the opinions of others rather than form their own. It's greater today than in the past, today we have lost the art of thinking.

Help from others
After thinking & we still don't have the answer that's when we should seek help of others.

Skate.
 
Trading needs a plan

Fear of failure
Everybody has a fear of failure at some level & at times we’ve all been fearful that perhaps we are not enough. Even when we know what to do, our fear can keep us from executing our plans. It's the fear of failure.

Skate.
 

Reminds of a story a Lecturer once told us: "a Student had to submit a Thesis for a Post Graduate Degree. The topic was Courage. When the Examiner opened the Paper it contained only three words from the Student: "This is Courage!"".
I believe the Student passed.
 
The issue is containing your fear

Excess freedom
The problem is that 'excess freedom' cause people to become overwhelmed and fearful because they do not 'know' what to do. They simple have no plan when it comes to trading & this helps to explain why some traders lose money early in their journey.

Skate.
 
Good enough is not good enough when better is expected
A simple approach produces a good enough result most times but sometimes it can lead to significant errors and inconsistencies in our judgments especially when it comes to trading.

Skate.
 
Communal animals
We are conditioned from birth to follow rules & conform to them. The characteristic human trait is awareness & conformity. As communal animals we have to follow rules & be compliant, conform, otherwise there are consequences for not doing so.

Freedom
We all have freewill to be expressive to a point but our behaviour govern if we have ongoing personal freedom in some countries your life depend on it.

Yep, we need rules
Humans need rules, we depend on them to survive as a specie, when it comes to trading all this knowledge fly out the window.

Skate.
 
You must log in or register to reply here.

Similar threads

R
My strategy/plan going forward
Replies
13
Views
957
RbNEO
R
Very nice Rain here today
3 4 5
Replies
96
Views
5K
farmerge
  • Poll
Financial Independence (Home Ownership, Super, Long Retirement) not possible for wage earners: What do we need and how do we get it?
11 12 13
Replies
258
Views
20K
Smurf1976
November 2024 DDD
2 3
Replies
53
Views
6K
ducati916
Ozempic: Magic Pill or Devils Bargain?
Replies
10
Views
2K
sptrawler
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...