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Dump it Here

Discussion in 'Beginner's Lounge' started by Skate, Dec 17, 2018.

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  1. Skate

    Skate

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    @captain black thanks for the kind words - I've been posting the knowledge gained from you.

    @captain black thank you for posting in the 'Dump it here' thread as it allows me the opportunity to publicly acknowledge the help & friendship shown to me over the last 3 years.

    I have been a lucky trader & a successful trader and my luck started meeting you.

    Skate.
     
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  2. Skate

    Skate

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    @Mitek27 I've been hanging back as there a ton of skilled poster in the ASF community & I'm sure you will get an answer to your question in due time, but in the mean times let me make a comment.

    Day Trading
    If you are considering Day Trading then be Very, Very, Careful.

    There are sharks in them waters!

    Education is the key
    In the mean time read this 'Dump it here' thread from the start to the finish it will be educational and education is the key

    Skate.
     
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  3. Skate

    Skate

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    Have you ever told yourself this ?

    “If I only took the profits here, and here, and here I could have done better”

    Mindset
    If so that mindset will make you a terrible trader !
    I know, been there done that!

    In those times ya just gotta 'hang tough'!

    Trust your strategy
    Hands off!

    Skate.
     
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  4. Skate

    Skate

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    Simple message

    If you are a system trader keep the system as simple as possible, validate it (robust backtesting) and trade it with confidence !

    Skate.
     
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  5. Skate

    Skate

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    Sometimes we forget

    Periods of high volatility will always come and go, always has and always will !

    Don't jump at shadows - just roll with it

    Skate.
     
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  6. Skate

    Skate

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    Volatility

    It doesn’t matter what system you are trading - the best way to handle volatility is to just accept it.

    Skate.
     
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  7. Skate

    Skate

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    Trading

    Nothing works perfect in trading !

    So the next best thing is to accept 'that sometimes it works well and other times not so well'.

    Those that can handle that tend to do well.

    Skate.
     
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  8. Skate

    Skate

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    Seeking a response

    The words of Howard Bandy has kept ringing in my ears.

    Howard Bandy Suggests
    (a) holding a few days at most and
    (b) Holding longer than about three days increases risk considerably.

    Howard Bandy back in Dec 2016 made these comments
    “Stocks have tendency to revert to the mean and breakouts usually do not last very long. I estimate risk of drawdown based on recent performance, then trade in such a way that I can manage drawdown. That is -- holding a few days at most whether long or short. Again and again. The sweet spot is high accuracy and short holding period. Holding longer than about three days increases risk considerably, as does accuracy below about 65%”

    From my perspective
    Having a short holding period is easier said than done but in reality it’s very hard to achieve and so far it has eluded me.

    Stay with what you know - is that good advice ?
    Howard Bandy confirms he trades this method successfully - but I’ve never been able to code a Daily Strategy anywhere near profitable that I would trade with confidence – that’s why I’m sticking with my Weekly Trend Following System till something better comes along that proves to be more profitable.

    I'm seeking an alternative view
    Howard knows what he talking about, he's smarter than the average bunny but has any member have an alternative view or opinion ?

    Skate.
     
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  9. Skate

    Skate

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    Metaphor for life – posted with permission

    A quote from Bodhi in the movie "Point Break"

    "This was never about the money, this was about us against the system.
    That system that kills the human spirit. We stand for something. We are
    here to show those guys that are inching their way on the freeways in
    their metal coffins that the human spirit is still alive."

    Skate.
     
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  10. Skate

    Skate

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    For day traders

    “Fear causes hesitation, and hesitation will cause your worst fears to come true.”

    Skate.
     
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  11. Skate

    Skate

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    Anyone have a quote to dump ?

    “If you want the ultimate, you’ve got to be willing to pay the ultimate price. It’s not tragic to die doing what you love.”

    Skate.
     
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  12. Darc Knight

    Darc Knight Investor not Trader

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    That was actually a great Movie.

    You're a Man of wise quotes Skate. Here's a favourite of mine:

    "I firmly believe that any man’s finest hours – his greatest fulfillment of all that he holds dear – is that moment when he has worked his heart out in good cause and lies exhausted on the field of battle – victorious."

    Another one from the same Man, with relevance to us as a Community:

    "The achievements of an organization are the results of the combined effort of each individual.”
    “People who work together will win, whether it be against complex football defenses, or the problems of modern society.”
    “Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
     
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  13. qldfrog

    qldfrog

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    So where does australia or the west stand on that last quote ?
    Please also note the use of "effort"
     
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  14. Darc Knight

    Darc Knight Investor not Trader

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    Not real sure what you're getting at. It's also not a thread for political debate I guess.
    The community I was referring to was us at ASF.
     
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  15. Skate

    Skate

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    Let me channel Bob Katter (Katter's Australian Party)

    @Darc Knight Bob Katter summed it up better than I could: "I support everything he said - 1000 percent" - "what was said was solid gold"

    Skate.
     
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  16. Skate

    Skate

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    @Darc Knight expressed it perfectly when he said "It's also not a thread for political debate" - Thank you for expressing this again for me.

    My I repeat myself
    The 'Dump it here' thread (Page 50 Post #496)
    @Darc Knight I'm seeking to have this thread sound & feel different - by you being a participant with the others posters above you has achieved my desire.

    Opinions are welcomed (please don't ridicule or challenge it serves no purpose - express your alternative point of view)
    The 'Dump it here' thread (Page 44 Post #438)
    Thank you @willy1111 for expressing yours.
    Whether your right or wrong isn't important - whats more important is that this thread gives you the ability to express your views without being ridiculed or challenged.

    Skate.
     
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  17. Skate

    Skate

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    @qldfrog I enjoy reading what you have to say - I was wondering if you have an alternative view you wish to share ?

    The 'Dump it here' thread is about ideas - not a contest of ideas.

    Skate.
     
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  18. ducati916

    ducati916

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    "Many shall be restored that now are fallen and many
    Shall fall that are now in honour."


    Ars Poetica: Horace

    jog on
    duc
     
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  19. Skate

    Skate

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    Another gem - thank you @ducati916 - my deep appreciation.

    Gems/quotes are very educational & I like them immensely.

    Skate.
     
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  20. qldfrog

    qldfrog

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    no problem my apologies
     
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