M B A degrees on t2w

oildaytrader said:

How many of you have M B A degrees?

1)Zupcon

2)O D T

3)aRABIAN nIGHTS

4)Spitlink

5).......Own up everybody

http://sevencastles.spaces.live.com /blog/cns!7C5A2F3DB6C97D9A!12286.entry

Have you ever heard of this MBA (Message Board Addiction)? With such an MBA, you start a new thread almost every day or at least every week; you post at work and at home, during the day and at night; you post more than 20 times in one day and do this regularly; you check the board always before you do homework/chores; you have missed a meal while on the board; you have told funny stories

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zupcon said:

I've only ever started one thread, and the next will be to announce my departure on the day I leave, which you'll all be happy to hear is going to be real soon

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GladiatorX said:

I was going to say i did have an MBA but then i read ' You have told funny stories ' and obviously i don't want to lie.

Oh well...

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oildaytrader said:

Pity , the best traders are morons, Mr Nobodys,Mr no brains.(no disrespect intended)

Figure it out why?

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piparb said:

I have study 20 years but I get only grey hair... no MBA ....

:cheesy::cheesy::cheesy:

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be-positive said:

ODT,
I take it that your bed would be filled with oil :cheesy:
Great post at No. 7 above

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oildaytrader said:

The best traders are trend followers, traders who just follow a simple set of trend following rules.These rules are entry,exit , stop and reverse based on price. Successful trading is that simple and does not require much intelligence.

They do not think for themselves about trading set ups ,and do not hesitate and are immune to fear and greed cause they know nothing to fear from.No fancy indicators are used by them , just price .


This method has worked for a hundred years.The trend is your friend.
O D T

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oildaytrader said:

What are indicators telling you?They tell you what happened in the past,often this has no relevance to where price is going in the future.Imagine yourself using a car indicator after where the turn should be made.Bonkers.

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In a trend your risk reward ratio goes up. if you pick strong trends.

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montmorencyt2w said:

Isn't there a contradiction here? You say that indicators are telling you what happened in the past, but isn't that exactly what trend-following is?

"It's trended up in the past, therefore it will trend up in the future therefore I will buy".

Exactly buy or sell trend breakouts need some historical confirmation of price ,use mm and positive expectancy , only need trends to be 50% profitable /wins

And how do you pick strong trends?
depends on each market,price,volatility,daily ranges and breakdown


The strongest of trends come to an end.

not much skill is required to trade trends and spot exhaustion/stall in price /reversal on lower t/f

How do you know when it's going to end?
exhaustion,reversal,momentum


I know there are supposed to be technical ways of doing this, which seem to work sometimes, not always, but if it is indicator-based, then it falls into the category of telling you what happened in the past, as you mentioned above, so I don't see how this gets you further forward.


I am currently of the opinion that it's a balance/mixture of technicals and fundamentals, and knowing when to use which, and to what degree. Easier said than done though.

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oildaytrader said:

only need to pick small bits of trends , not the whole trends and the only the highest probability bit of the trends.Money management and positive expectancy is the key to successful trading..

As Mr charts said "This is about taking bites out of trends repeatedly and consistently."
The above is a very wise statement.

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i keep trying to explain this but there is a whole heap more to trading than buy low, sell high.

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