Question/s

[tech/a]

Laok.

From my observations of 1000s of charts,it appears that the most sustained trends are those that tend to rise at 1:1 to time and price.

Price action out of this "Norm" tends to give rise to change as the price action reverts to "percieved" true value.In other words volatility virtually ceases.Price becomes uniform again.

Have a look at TOL and QBE and UTB to see what I mean re long term and price moving in an orderly manner as the trend evolves---deviation then leads to return to the mean.

 

[idribble]

Tech/A your preposition that "Profit in trading stock can only occur if you are IN A TREND. No trend no profit." is laughable and narrow minded.

 

[tech/a]

Yes I do understand that there are ways to arb positions. Certaintly you could sell a call or put and collect premium,making time work for you.

The statement was meant for the majority that trade long in shares or short for that matter by purchasing or selling stock.

But I'm interested in your expansion of various ways of profiting from the market particularly in shares----without a trend.

Thanks for putting me in my place----I guess I have underestimated the need to be very specific in all matters--I'll make every attempt to be sure that it wont happen again.

A simple ---well I do know of some ways to make a profit without a trend would have sufficed---

However the lack of explaination and generality was certaintly my fault,narrowminded and lau :jump: ghable.

 

[idribble]

tech/as you're the reason I don't post on here. I could put up my method only to have you ram it down my throat with your usual arrogance.

 

[kaleon]

Hi Tech/a

Please don't let this idiot put you off further posts.I value your posts and look forward to more from you

Cheers

Norman

 

[idribble]

Dont worry Kaleon, tech/a wont stop posting. His ego is the inverse of his credibility.

Have you contacted him privately yet?

 

[tech/a]

Dont worry Kaleon, tech/a wont stop posting. His ego is the inverse of his credibility.

Have you contacted him privately yet?

Now how can I argue with that!
I take that as a compliment.
Thank you.

 

[tech/a]

But I'm interested in your expansion of various ways of profiting from the market particularly in shares----without a trend.

Dribbles I'm not asking you to put up your method but you've made a statement so I'm genuinely interested in your input.

 

[tech/a]

EXITS

Back to the application of exits.

Balance is the key to exits.Here we must attempt to capture as much of the move in our timeframe as we can without giving to much back to the market in our pursuit of letting profits run.

Rather than randomly picking an exit,one suggestion is (In the timeframe you are trading) experiment with exits which will keep you in the trade for the MAJORITY of any prolonged move.

Many traders attempt to devise a method which will succeed in ALL market conditions---infact many believe that this is the basis for a good trading method.
Unless this is what your specifically designing your trading around--like a swing trading method---then designing and trading a method in times SUITED to the method are both acceptable and logical.

Which brings me to the second suggestion to trading exits---one that in preliminary testing on a number of methods I know are being actively traded---has returned marked increases in profitability and less in drawdowns.

Simply this is exiting the whole portfolio---or stocks you are trading when market conditions are not siuted to your style regardless of where your trading exit is placed or when it will be triggered---in other words this exit overrides all other exits. This can be guaged in any timeframe you wish to use.

Suggestions are. (and used in tests)
(1) When an index shows that conditions are not those for which your method is designed---eg Long and the market is a bear market.
(2) When your portfolio chart triggers a drawdown---IE a composite chart of your portfolio that your holding turns below an exit (Amibroker can make up these charts and I've asked David Samborsky of TRADESIM wether he can incorporate this feature in his next upgrade)
(3) The same for a composite chart of ALL stocks you hold in your universe of stocks.
(4) OR both.

These are the next generation in trade exits in my veiw.

 

[tech/a]

Question

Entry,Initial Stops,Trailing stops,Trade Exits,Portfolio exits.

Is this ALL we need?

 

[idribble]

"Dribbles I'm not asking you to put up your method but you've made a statement so I'm genuinely interested in your input."

tech/a you're not "genuinely interested" at all. All you're interested in doing is arrogantly lecturing people with your one dimensional view of the market. You claim to have made money during a bull market, well many have but not all have self promoted themselves as gurus.

I just don't believe any of the "proof" you put forward as to how wealthy you are from the market. But I suppose those that have not been in the markets for very long hang off every word, and that's what you live off.

I'll revisit your posts in a few months just for a few more laughs.

 

[tech/a]

Dribbles.

Fair enough-----your veiw.

 

[Fleeta]

I don't hang off every word tech says, but I do find him interesting and informative and thought provoking...and I don't think he claimed to make most of his wealth from the market anyway, but from property and business.

Dribble, I can't find much interesting that you have added to these forums...so maybe you should stop having a sook about everyone else having something interesting to say.

 

[Jesse Livermore]

OUTSTANDING!

Hi Tech/A,

I just wanted to let you know that your posts are OUTSTANDING, and on behalf of the younger members of this forum I would like to thankyou for sharing your excellent knowledge of financial trading and investment.

Have you ever considered writing a book?

Jesse Livermore

 

[Milk Man]

Re: OUTSTANDING!

Hi Tech/A,

I just wanted to let you know that your posts are OUTSTANDING, and on behalf of the younger members of this forum I would like to thankyou for sharing your excellent knowledge of financial trading and investment.

Have you ever considered writing a book?

Jesse Livermore

books cost money - better posted here!

 

[RichKid]

About the last few posts b/w tech & idribble: firstly, thanks gents for not taking that exchange too far as it could have got really ugly.

Dribbles, it really would be useful if you could discuss your methods or views in a new thread and focus less on tech/a (as opposed to his views). If you want to ignore tech you can just put him on your 'ignore' list. As I understand it, that virtually means he doesn't exist here as far as you're concerned for posting purposes (Joe may correct me on the technical aspect of that option).

I for one am interested in various views, to repeat what was said earlier, I don't hang on every word tech says but I do find it educational and thought provoking so we try to learn and contribute as best we can just as Tech has. Perhaps you would like to contribute too. Us beginners have no idea what the technical content of your criticisms are since you haven't elaborated (apart from drawing out the excellent point about not having to be in a trend- not sure if what Tech said was what you had in mind but at least it has added to the quality of this thread).

C'mon, I'm sure you're not intimidated that much by Tech to be concerned about posting here? The forum code of conduct prohibits certain types of behaviour but a detailed technical debate is another thing- if you feel certain posts are inappropriate just pm me or Joe and we will look into it with great care- we won't know what you think unless you contact us.

 

[RichKid]

Re: OUTSTANDING!

books cost money - better posted here!

It also takes a lot of time to do I guess and tech hasn't retired yet! Maybe a manual or course but then this is just as good imo as it's interactive and other experts can comment on tech's views as well. Okay, back to the thread.

 

[ob1kenobi]

Personally, I find all the threads on this site interesting. People like Wayne, Tech/A, RickKid, Investor, etc I find to be very informative. That said I take it on board and make my own decisions to suit my own financial circumstances. We are all companions on the journey. How we get there is up to each of us! Always be prepared to learn from others, age makes little difference, if what is said is worthwhile. Keep up the good work everyone!