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You can be in the 3% that make a consistant profit

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Re: You can be in the 3% that make a consistant profit.

the holy grail does not exist, think about it, it can't exist, otherwise we would have predictible markets.

i agree that you have to do something different to be able to profit.

too many punters think they are just about there with charting, a little tinker here and a little tinker there ............. put it into practice and it doesn't work. why? because the markets are unpredictable and forecasting is difficult at the best of times but nearly impossible if the future is invloved. :D

funny mentals needs absolute faith in the quality information you are analysing. too much information not included, distorted or manipulated to rely upon it.

so how do you make a quid?

you need a selection method and exit strategy that cannot be replicated with a software program. :banghead: think outside the square to understand this message, because i firmly believe that i have the experience (after many early years of going nowhere and some decent losses) to guarantee myself "disaster free" investing and am happy to share the basics.

but in the meantime, the answer is in your selection method and exit strategy.

...... more details to follow when i have time.
 
Re: You can be in the 3% that make a consistant profit.

an indication why looking at charts for short term trading can be misleading. have a look at the daily trades of PRE 22 Dec. anything above 2.0c was just donating to the market, although the volume and range looked good for most of the day. the small players got involved @ 2.1c and pushed it up to 2.2c and kept it @ 2.1c for the better part of the arvo.

i'll note some points for comment and criticism, in no particular order of importance.

speccies only

I day trade these

1) mainly ignore the first half hour of trading, look at what's happening near the end of the day for an indication of real interest.

2) the sellers need to be consistently taken out for the majority of the volume of the trades during the day to signal real interest in a stock.

3) don't by a stock that is in a downtrend, the odds are against you.

4) look for a stock that has formed a base, done nothing for a while and put in on your watchlist and wait for a bit of volume and strength in the price.

5) don't buy after an announcement unless it's huge and the market didn't see it coming (rare event).

have a look at the chart of OEX, there are plenty of these opportunities, it's just a matter of trading in a market when emotions are at the extreme. sort of like tulip mania, just on a daily basis.
 
Re: You can be in the 3% that make a consistant profit.

29/12/04 as we speak .... GDA

when would you have bought?

interesting tomorrow
 
Re: You can be in the 3% that make a consistant profit.

Dribbles.

Have moved and continued the tutorial/discussion here if interested.
There is a great deal of reading to do before you can appreciate the topic.

https://www.aussiestockforums.com/forums/showthread.php?t=717

tech

and NO its not about any particular method.
(Technical analysis/fundamental/Cycle trading /Gann/Elliot wave---blah blah blah. but YES it IS the "Holy Grail" the ONLY way anyone can trade to profit.Regardless of trading style or instrument,Futures,Stocks,Options etc etc.
 
Re: You can be in the 3% that make a consistant profit.

GDA.

At about 10.30 today if I was at my desk scanning the market for large volume and large % moves like this.(I do this at 10.30 and 11.30 most days with Marketcast).But probably wouldnt have bought it as it isnt in the Universe of stocks I trade.
If the move was triggered by Positive news chances are it will continue,but could easily and most probably follow in the footsteps of CUE and JVR.

I dont generally daytrade-----there are easier ways of making a $$$ and I have a life.
However if undercapitalised then some have no choice.
But if thats your thing----------

tech
 
Re: You can be in the 3% that make a consistant profit.

tech/ a i've had a quick squiz at the link you provided. i will certainly read it all and try to digest some of the maths. been in the market in one form or another for 30 years so still have plenty to learn and i dismiss nothing. commenced short term trading 7 or 8 years ago ..... lost. been on a sabatical the last couple of yerars researching. reckon i have one up on most traders as i now follow a large group of speccies closely and keep the mince pies open for large increases in both volume and price on a stock that has been quiet for a long time. a couple of other rules to "fail safe" my investment and .............

appreciate your time and effort and will get back to you when i've digested it all.

good luck
idribble
 
Re: You can be in the 3% that make a consistant profit.

Dribbles.

As youll find the beauty of the "Holy Grail" is that it has little to do with the way you trade (There is nothing wrong with your methodology) or how you trade.

Yet 97% of traders are convinced that this is where it must be!
3% of us find it and probably a good % of those dont know what it is that they have found(What makes them profitable).

If you know then you can trade profitably in ANY Way and ANY How.

Its simplicity makes it invisible to most.

Lookforward to your input,with 30 yrs of trading looks like there are now 2 old farts here! :bier:

tech
 
Re: You can be in the 3% that make a consistant profit.

Dear Tech /a and Dribbles,

I am very grateful to both of you for your input, as I am sure after that amount of time in this system you will have it down to a pat. As a newbie to the stock market, I love to read of anything that can help prevent me making mistakes and losing money and to be eventually be able to trade profitably and consistently.

Please ignore the input of others who may have differing views. I look forward to all points of view and from this I can formulate my own trading system.

So to all. This is a good forum and I am learning a lot. Yes there are lots of different views and I like a lot of others I'm sure, would like to hear them all.

So keep it coming !!! and going.

Suzanne
 
Re: You can be in the 3% that make a consistant profit.

Hi Suzanne, I personally don't have anything down pat. Plenty of time in the market, mostly unsuccessful, but these periods were when I was in the martket in my spare time. You cannot be part time and expect profit. The message that tech/a is trying to get across, I believe, is one of the most worthy arguments I have seen raised and pursued on any board. It is worth reading over and over again. May I humbly suggest you try to understand where tech/a is coming from. You don't have to agree with his method of selecting stocks, or his method of investing.

Opposing views are actually how a market is formed.

Good luck.
 
Re: You can be in the 3% that make a consistant profit.

idribble said:
Hi Suzanne, I personally don't have anything down pat. Plenty of time in the market, mostly unsuccessful, but these periods were when I was in the martket in my spare time. You cannot be part time and expect profit.
I actually think you can with a longterm trading methodology.

The message that tech/a is trying to get across, I believe, is one of the most worthy arguments I have seen raised and pursued on any board. It is worth reading over and over again. May I humbly suggest you try to understand where tech/a is coming from.

Ive hardly ever seen it discussed or written in plain English.Perhaps Van Tharp.Most focus on how they are going to do it not what it is that will make them profitable REGARDLESS how they trade!

You don't have to agree with his method of selecting stocks, or his method of investing.

Dont know that Ive discussed that thats not what its about.

Opposing views are actually how a market is formed.

True but youll find common threads in all who are profitable there would be NO deviation in my opinion in what it is that makes ALL of them profitable.

Good luck.
Click to expand...

I have moved this thread to the General section.
Tech
 
Re: You can be in the 3% that make a consistant profit.

Tech/a

>> OK.

If you follow the crowd youll just be part of it.
Lets face it to be in the 3% youll have to be doing something different to the other 97% <<

I just wonder how reliable your premise is that 3% make a consistent profit. You’ve supported this 3% number with other “irrefutable” stats. I’d really like to see what you’ve got in the locker, which I suspect is at best, a recently trialled system with parameters tailored to ensure good numbers at the end.

How did you arrive at this 3% number?

What “universe” of investors did you use?

What were the parameters used for arriving at 3%?

Over what time frame and under what conditions was this number derived?

What is the 3% measured against? Beating an index, CPI?

Does your “universe” include the hundreds of thousands of - investors who buy for a dividend and hold, investors who pour money into the market through the various funds, employees involved in company share schemes, the ever increasing number of DIY super schemes etc?

If only 3% are successful (which I’m assuming includes you!), then they must be making a motza. Have you any figures on how much this mythical 3% are making?

You’re good at asking questions, lets see if you can answer some.
 
Re: You can be in the 3% that make a consistant profit.

3% is the figure Ive seen generally accepted on every board Ive been on in the last 12 yrs.

But its a good question Ive never asked.

In my small circle of Broker friends and Accountants,when asked how many Consistantly profitable traders do they have on their books their reply isnt more than 3% its from Zero to a few.

As for my trading results youll find the last 2.5 yrs here and you can check in weekly for an update if you wish.

http://www.reefcap.com/ubb/Forum8/HTML/000396.html

If you have figures showing or qualifying that more than 3% of traders make a consistant profit then I ilke everyone else would be glad to see them.Thats Traders not investors--managed funds Super Funds etc.

You can also drop you crap attitude.Your starting to look like a monkey with a chip the size of Everest on its shoulder.

Your not the first who thinks tech should be pulled down a rung or 2 and you wont be the last.If you get any benifit from my work fine thats why I post it if you think Im full of my own rubbish place me on your ignore list


Clear enough!
Choice is yours-----discuss------- ill discuss start childish fist beating your on your own.

tech
 
Re: You can be in the 3% that make a consistant profit.

I don't believe T/A needs to be pulled down a rung or two. I just think you are an arrogant, know it all who delights in putting people down to massage your over inflated ego. Trouble is, you put off many people from posting their thoughts because of the arrogant all knowing manner in which you attack people.

Bull markets usually see a flood of "experts". With your all knwoing attitude you will be one of the forst casualties when the market turns.

I'll leave you to your own but you don't impress me with your many flawed assumtions and criteria such as your wonderful classification of penny dreadfuls. Results from flawed premises such as these can only be flawed also.

You are not worth having a conversation with.
 
Re: You can be in the 3% that make a consistant profit.

Well thanks for your input Tulip.

Arrogance is a trait of mine and thanks for letting me know that its showing.

Ill see you at the bottom of the ladder when I fall.

Back to the Rocket Science!!

tech
 
Keep posting Tech

I would be checking WB2 and Tulip's IP's meself as they appear to have had the same grammar teacher.

I enjoy reading your posts and thoughts Tech, keep going.

People prepared to put the specifics of their wealth creation strategies online should be applauded, though no doubt this always brings out detractors as well.

And arguing about the 97-3% ratio being correct!! Who cares! Talk about not seeing the forest for all those darn trees in the way!
 
Re: You can be in the 3% that make a consistant profit.

Nothing like a pure dose of Tall Poppy syndrome.

I dont have to post here or anywhere.I do it simply because Ive done the yards understood how to do it and am far luckier than most of the population.I give something back.
The populace are under no obligation to accept that which I offer.
Its offered Free and without anything asked for or wanted in return.

Knock yourself out fellas,the runs are on the board!
If you think this sort of rubbish is going to stop me posting think again!
Im everything you have said and more.So what! :D

Tulip and Warren Ive added you both to my Ignore list just add me to yours.


tech
 
Re: You can be in the 3% that make a consistant profit.

Tech/a is the quintissential Bull Market guru. When you get in his inner circle it is sure to cost!
 
Re: You can be in the 3% that make a consistant profit.

Tulip,

I am one of many who greatly appreciates the contribution of Tech/a to this forum. For that matter, I appreciate the contribution from anybody (including yourself) as long as it is constructive.

I appreciate that one can have different views from another and this can trigger a debate. However, this does not give anybody the right to be rude and dis-respectful of other people opinions as you have been with Tech/a.

Your profile suggests that you joined this forum less than a week ago. I am amazed that you already feel in a position to criticise the work that Tech/a has done for this forum over the last 3 years or so. Have you had time to read all of his posts yet? I doubt it.

All I am saying is that if you don/t like what Tech/a is saying just put him in the ignore list but please DO NOT POLLUTE THIS FORUM WITH YOUR RUDENESS!

Tech/a,

I am sure that I am one of many that is gratefull for your insights! You can only be commended for what you are doing for many of us. Please Keep up the good work

Angelo
 

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