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Dump it Here

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

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. Wyatt

    Wyatt

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    Skate, your inspiring quote could be even valid for a bobsled team.

    Bobsled.png

    + a couple more well known quotes trend followers live by.

    "I came to the conclusion that the only stocks which would be of real interest to me would be those that were breaking all previous records: stocks not merely rising in price, but actually in their highest boxes ever." - Nicolas Darvas

    "What seems too high in price and risky to the majority usually goes higher." -William O'Neil
     
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  2. Skate

    Skate

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    How I Made $2,000,000 in the Stock Market (1960)

    Darvas box system
    Wyatt, Nicolas Darvas trained as an economist & during his time as a dancer, went on to develop what we know as the Darvas box system. Even if you lack the interest in trading it an excellent book to read nevertheless.

    I actively trade a modified version of the Darvas Box system it forms a part of my Hybrid Strategy.

    My Motto
    Why invent the wheel

    Skate.
     
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  3. Skate

    Skate

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    Bad decisions

    Behavioural errors create bad decisions

    Skate.
     
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  4. Gringotts Bank

    Gringotts Bank

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    What would [insert favourite trader] do here?
     
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  5. Gringotts Bank

    Gringotts Bank

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    Skate likes this.
  6. Skate

    Skate

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    Gringotts Bank I'm confused - I'm unsure if you are making a statement even though it's posed as a question.

    Explanation
    To pose a question, or make a statement disguised as a question, is one way of bring attention to a problem. Then again I may be overthinking your post.

    [insert favourite trader] = Captain Black, Nicholas Darvas & John Bollinger (I have 3 favourites traders & they are listed order of preference)

    My trading Strategy
    I actively trade a 'Hybrid Strategy' that is such named as it encapsulates & combines the methodology of each trader I have listed.

    Why invent the wheel
    My trading results stands on the shoulders of those three men.

    Skate.
     
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  7. Skate

    Skate

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    Gringotts Bank are you recommending that I sign up ?

    Let me make a quote about the 'elite'.

    Overconfidence.
    Overconfidence is perhaps the most common behavioural mistake, and while it’s pretty easy to spot by someone who is overconfident, it’s almost impossible for the trader to recognize it in himself.

    Skate.
     
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  8. Gringotts Bank

    Gringotts Bank

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    Even with a few billion to invest, you might find it's still a closed shop. He's that good. Even better that no one has ever heard of him (Simons).
     
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  9. Skate

    Skate

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    How does Simons make money trading
    The smart Investors, the professionals, screw the little guy who lacks the education on the topic – that’s how.

    Everyone who trade knows the risk or they should. (trading is a Zero Sum Game)

    Skate.
     
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  10. Skate

    Skate

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    Let me go one step further..

    Complex system
    The financial market is a complex system, but that doesn’t mean it requires a complex strategy. Information is important, but understanding what drives the market is the key that leads to making a better decision.

    Skate.
     
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  11. Skate

    Skate

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    Another comment
    I would like to make another comment about success & its application to trading & business.

    Success
    Nothing kills success like success.

    Skate.
     
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  12. Gringotts Bank

    Gringotts Bank

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    I mentioned him for his performance and elite status in trading. He uses complex models, but I agree with you that complexity isn't necessary. I'd say the level of complexity has almost no bearing on performance.
     
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  13. Skate

    Skate

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    Sorry Gringotts Bank I'm stealing your quote and I'm going to 'Dump it here' I hope others don't just read your quote but think about it's simplicity.

    "I'd say the level of complexity has almost no bearing on performance"

    Skate.
     
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  14. Skate

    Skate

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    Application of a quote
    Gringotts Bank I often hear that markets have changed and new rules are needed, well the markets do change but the underlying fundamental rules for success don’t seem to & "I'd say the level of complexity has almost no bearing on performance".

    Skate.
     
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  15. Skate

    Skate

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    What a great TAG

    Joules MM1 - practice perfectly, to make what you do, a perfect expression of yourself.

    Skate.
     
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  16. Joules MM1

    Joules MM1 ....everything has an art

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    "Never trust a man who, when left alone in a room with a tea cosy, doesn't try it on." — Billy Connolly
     
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  17. Skate

    Skate

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    Joules there are some great tags on ASF but yours is right up there. Your tag has motivated me to be a better person. (a wish I’ve made daily for the last 22 years)

    There will be others who will find inspiration in your tag whilst so many will skim over it.

    Skate,
     
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  18. tech/a

    tech/a No Ordinary Duck

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    Business cannot remain profitable without some modicum of success.
    You won’t trade long without consistent success.

    Complacency——-kills success in my view.
     
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  19. Skate

    Skate

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    Tech/a nothing kills success like success - let me rephrase.

    Success
    Success can lead to complacency which kills success.

    Skate.
     
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  20. tech/a

    tech/a No Ordinary Duck

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    But it’s stll complacency.

    Complacency doesn’t naturally follow Success.

    Success can lead to many things including more larger successes.

    But I get it———it’s an often touted “Trueism”

    You have started a great thread Skate but many truisms you have posted I don’t agree with
    Just don’t have the time to go through them

    Many truisms related to trading are just so off the mark!
     
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