noirua said:I thought all the Day Traders died after the Dot-Com collapse. I remember the talk of making $50,000 a week. Some in the States committed suicide and a few went back and shot their work M8's. Dangerous game!
Julia said:Tech,
I'm not interested in taking sides here, but don't know why you can't just ignore any comments you don't care for.
Perhaps the idea would have been better without your comment (which wasn't made for the first time) about making obscene amounts of money and many times more than your employees earn? Although to you this is obviously just stating a fact, it could come across as somewhat insensitive.
Julia
ducati916 said:Yogi
There is only really one way to learn daytrading, and that is to actually do it live. There is the CHAT facility and this is the area that could be best utilized for this kind of learning experience.
In essence, you would need 1 trader per day [can be a different trader/style each day] to be the facilitator of the days trading.
They then trade live, and others can follow, ask questions as the day progresses. Following day, someone else becomes the "trader".
What will become very apparent, very quickly, is no one form of analysis has any greater predictive power than another, but that trade DISCIPLINE is KING.
jog on
d998
Says somebody who believes that astrology can be used to predict market moves?yogi-in-oz said:Just because somebody takes this egotist to task, is no
reason to delete the posts ..... somebody has to pose the
hard questions ..... yes???
chops_a_must said:Says somebody who believes that astrology can be used to predict market moves?
chops_a_must said:Says somebody who believes that astrology can be used to predict market moves?
I agree with you. I'm just making the point that when Yogi posts on stock threads, about negative/ positive cycles etc. there is no explanation, just statement. Yet, that is exactly what Yogi is complaining of in this thread.ducati916 said:The style of analysis on a daytrading timeframe is absolutely irrelevant to the outcome, as you will find all forms of analysis ultimately play out to 50/50
What will make you the money is trade discipline.
Why all the arguments about trading analysis?
Simple.
When you have to choose an entry point with $100K + on the line, you NEED TO BELIEVE IN SOMETHING it matters not if it's a pivot point, Jupiter crossing Mars, or a 180ema.........you gotta have the balls to place the trade, and if the trade goes against you, to close the mother fast.
Trade analysis simply gives you the areas where trade [psychological] discipline will be strongest in terms of belief, and delineates the highest PROBABILITY OF THE TRADER ACTING to his trading plan.
jog on
d998
No, because I'm not a day-trader. I just find your attacks somewhat hypocritical.yogi-in-oz said:..... and proud of it because, if we put it to the test
in any time frame, even daytrading, it surfaces as
a very useful market timing tool.
Now, if you care to nominate ANY stock and give us your
intraday analysis, the astroanalysis will be posted in
response .....
..... somehow, that challenge is rarely met, so will you
be the first to respond with some detailed analysis, chops?
happy days
yogi
ducati916 said:So all we need now are some daytraders willing to stand-up and daytrade in public, live, and lead a discussion on daytrading.......
Any interest in being the *trader*
How many interested in following *live*
jog on
d998
coyotte said:why bother?
just posted two and can't even get a comment
coyotte said:Can be far less dangerous the Position Trading --- no overnight GAPS!
What was dangerous about the trade I just mentioned ?
US price was around $au $3.09
Price opened @ $3.03 ---Bought @ $3.04 -- Stop @ $ 3.00--- Sold @ $3.09
SP has continued up --- but the profit locked in -- just wait for another oppurtunity if it arises --- Also running RMD (SHORT) for <= $6.30
Cheers
Yogiyogi-in-oz said:Yes, EXACTLY Julia,
...... VERY, VERY insensitive comments and definitely
NOT the first time.
happy days
yogi
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