I did not say they used it 24/7 on 60000 instruemtns. I simply asked for the information to support this.
define Feel please?
I did not say they used it 24/7 on 60000 instruemtns. I simply asked for the information to support this.
define Feel please?
I just reread what I posted and feel I should clarify it as it could be interpreted in the wrong way. I was not trying to have a pop.
I like to deal with hard evidence as this gives me confidence in going forward.
In as much as feel how would one gauge that?
What would one use for that?
Hope to hear from you soon.
I like to deal with hard evidence as this gives me confidence in going forward.
In as much as feel how would one gauge that?
What would one use for that?
Hope to hear from you soon.
rawrschach
Experienced member
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What do you want me to do ask for their statements? Are you serious?
This forum is full of new traders refusing to put in any work and demanding to be served a strategy on a platter that requires no effort on their part. Doesn't work that way.
I, and other people in this thread, have repeatedly said that the way your mind works and your understanding of the markets is more important than any strategy but you keep ignoring us. Carry on.
Feel is based on a compilation of data which helps you understand when your strategy works and when it doesn't. Obviously you don't have time to dig up your stats when the market is setting up (if youre a short term trader) you need to remember the data. This is one thing I refer to as 'feel'. Another is order flow. The set up can be there in mechanical terms but the order flow is not right. This is a rythmic thing based on DOM. This also adds to 'feel'.
This forum is full of new traders refusing to put in any work and demanding to be served a strategy on a platter that requires no effort on their part. Doesn't work that way.
I, and other people in this thread, have repeatedly said that the way your mind works and your understanding of the markets is more important than any strategy but you keep ignoring us. Carry on.
Feel is based on a compilation of data which helps you understand when your strategy works and when it doesn't. Obviously you don't have time to dig up your stats when the market is setting up (if youre a short term trader) you need to remember the data. This is one thing I refer to as 'feel'. Another is order flow. The set up can be there in mechanical terms but the order flow is not right. This is a rythmic thing based on DOM. This also adds to 'feel'.
I will have to take your word on that then.
As for DOM I was hoping to stay away from day trading to be honest as the percent of traders who make a profit each month on something like Jigsaw is around 30% Profitable Traders and those who make a consistant profit for decades is a lot less.
and they are probaly the top retail traders who have been in the game for years if not decades.
I also think it is wrong of you to keep saying i am ignoring you I am not.
I would just rather use something with a proven track record by a trader or investor who has had a 40 year say career. As this gives me more reliability. In long term survival.
trendie
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only one I can think of is Warren Buffet, and his Berkshire Hathaway fund.
good luck.
NVP
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do you mean the trade mirroring sites ?...like etoro and zulutrade ?
NVP
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the past does not gurarantee the future ........most of these dudes will backfit their systems and sell you duds
N
That actually was a good post.
I will research Market Wizards and other top traders who have been in the game for a long time.
Because using DOM with all the games on it and no doubt future games which will be more sophisticated will no doubt lead to many long term failures.
I very much doubt Buffett even knows how to read the DOM or other top traders like him.
I want to grow my account over the long term.
Thats the main reason for a list of strategies and I will study the likes of Buffett.
So thank you for bringing Buffett up.
I will research Market Wizards and other top traders who have been in the game for a long time.
Because using DOM with all the games on it and no doubt future games which will be more sophisticated will no doubt lead to many long term failures.
I very much doubt Buffett even knows how to read the DOM or other top traders like him.
I want to grow my account over the long term.
Thats the main reason for a list of strategies and I will study the likes of Buffett.
So thank you for bringing Buffett up.
Problem is none
have a 10 year track record and blindly following a person without knowing what they are doing is insane.
I would of thought most just trade for 3 months then have a 99% DD. 2nd I Don't trust Forex the list of reasons is long.
In as much as Automated systems I was not or ever been interested in these for a whole host of reasons.
Sonicscooter
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This is silly, you are asking for the non existent, the point is, to succeed you have to do your own work, hypothetically if there were a couple of long term never altering strategies that the mass majority followed, then there wouldn't be the "other side" to those traders......lol.
I see you've added never altering to reinforce your point..
Well known traders / investors have been making money for years. Yet the masses have never followed. But you are right if 99% did it would effect the market.
Question is why have they not and why are they/us the losing 90+%.
This is the question and why I want to see what the successful long term traders are doing.
We can call it tactic we can call it strategy.We can call it method.......
But hwat ever they are doing I feel this is what I need to focus on. To survive in the long term.
You can argue if this is the wrong or right
approach
Take a look at a few profiles including myself.
Blindman
Joined Aug 2012
Profile
analysis paralysis If I am honest
NVP Joined Jun 2004
Profile reads
Still experimenting - all Paper at the moment until further notice
rawrschach Joined Nov 2007
Profile reads
Trading Experience
1-2 Years
Rather than get into an
argument which is pointless. And they may of not updated the profile in a while to be fair to them.
My point is I don't want or any newbie to be n this position 11-14 years time.
But using many of the posts and surgestions out there could lead me into that position. As honest and well intended as they mean.
We need good information so that is what I. and indeed everyone else should seek.
If you want to learn from the best you won't find them on any public stage debating trading with retail traders. All you will find is a mixture of good traders (very few of them), aspiring traders, and vendors. By the sounds of things what you are looking at doing is investing and you won't find anything meaningful in that front here. We are traders not investors. As for the good guys well, you need to identify for yourself who they are but like I said it won't aid your endeavour becoming an investor.
barjon
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Blindman
If it were simply applying a method and raking in the cash then the search would centre on the method when it is really the application that makes the difference. You said in an earlier post:
“I would just rather use something with a proven track record by a trader or investor who has had a 40 year say career. As this gives me more reliability. In long term survival” .
It may sound trite but the “something” you are searching for is actually the trader, not what they are using. Bit like asking Michelangelo what sort of mallet and chisel he uses in the hope of recreating his David. So the “something” is you.
If it were simply applying a method and raking in the cash then the search would centre on the method when it is really the application that makes the difference. You said in an earlier post:
“I would just rather use something with a proven track record by a trader or investor who has had a 40 year say career. As this gives me more reliability. In long term survival” .
It may sound trite but the “something” you are searching for is actually the trader, not what they are using. Bit like asking Michelangelo what sort of mallet and chisel he uses in the hope of recreating his David. So the “something” is you.
Thank you for your post point noted.
I just read your journal and see you mentioned you worked for many years in an investment bank.
you mentioned it won't aid your endeavour becoming an investor?
I am interested in this for clairifcation as to why for my information. So I can avoid and rule it out as a potential option to look at.
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Investors have portfolios diversified into different asset classes across the globe. Their investments can last months to years. Their strategy is based on fundamentals not charts or indicators. Few of us here trade fundamentals but nobody here have portfolios spread across the globe or sit on positions for months to years. If you want to be an investor you need to start with fundamentals and preferably in major markets globally to diversify, hedge, and take advantage of opportunities globally. Its a very different type of process to what anyone does here.