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Dump it Here

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

  1. barney

    barney

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    LOL Skate ….. You type faster than I can read:p

    This thread is full of some excellent advice and great ideas ……
    People however take time to digest things …
    The thread will have longevity and benefit to readers well into the future for the above reasons;)

    My advice is to carry on as you were Sir and take no notice regarding the lack of posters:)
     
    Saqeeb, JimmyJames80 and Skate like this.
  2. barney

    barney

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    Lol …..

    On a totally unimportant point to the thread given its the weekend:p …. I also cooked some of my best homemade pizzas last night for a friend visiting from OS ….. He gave me the ultimate compliment that they were better than bought pizzas …..

    Not a big deal for most, but I was pretty chuffed because he is well travelled and has eaten some pretty good pizzas in his time:D I intend to cook more tonight to prove it was no fluke lol ….

    Carry on Skate, and apologies for bringing my hunger into your thread:)
     
    qldfrog and Skate like this.
  3. POR930

    POR930

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    Thanks Skate for your advice in the other thread. Yeah, we are all beginners in this game. After 30 years, amazing how you can still fall into the traps. All these years, I have used my excel sheets.

    As you say, easy to buy...much harder to exit. These last 12 months or so not so bad for me, as I have been very active in short term trading and if it aint working, move on. Achieved 225k, including dividends using 450k...but too much left on the table. When I look at my exits, most if not all are on the downside of the bell...And some times, I have exited one day and bought in the next, usually for a win.
    My biggest failures were in pot and Bitcoin stocks...never again I venture into this abyss..

    My aim this year is to get stronger at exits and if the stop loss is there, #$%^& STOP and get out.
    I get too floppy at the reasoning setting my stop losses and when I arrive there, I some times think umm, another few days and it will improve..yeah, right......
    Ged
     
  4. Skate

    Skate

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    Barney, this thread is current only while it’s on the front pages of the Recent Posts.

    Nobody reads yesterday’s news, all of my other posts have already been forgotten.

    Skate.
     
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  5. Joe Blow

    Joe Blow Administrator Staff Member

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    I've just made it a Sticky thread, so it's now permanently located at the top of the list of threads in the Beginner's Lounge forum.
     
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  6. tech/a

    tech/a No Ordinary Duck

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    Good decision Joe
     
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  7. Skate

    Skate

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    POR930, we have all been there & done that - it's a pain just reading your post as I can feel the confusion & frustration.

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

    Mindset
    Having this type of mindset will make you a terrible trader !
    I know, been there done that!

    In those times ya just gotta 'hang tough'!

    Take Profit Stop
    Also I've done a lot of testing on a 'Take Profit Stop' but they perform similar to what you say, they kick you out only to enter on the next period, very frustrating - also these type of stops don't add any value to my strategy.

    Using a the 'Take Profit Stop' just increases the amount of positions to buy increasing your commission costs. Whereas a 'Stale stop' is worth its weight in gold.

    I have three buy triggers & two sell triggers in my Hybrid Strategy

    My Existing Two Exits are:
    Exit 1 - A Looping Trailing Stop (that works great)
    Exit 2 - A Stale Stop - which is a combination of (a) a Rate of Change (ROC) Indicator and (b) a Chandelier Stop in combination (they both work together and they work great IMHO )

    Skate.
     
    Last edited: Jan 20, 2019
  8. Joules MM1

    Joules MM1 ....everything has an art

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    you could input a counter on the first page now Joe has stickied it up...maybe Joe could edit with a counter for you?

    either way may napkin math suggests you have more than you think

    ya basic math give or take a month.png

    i have to say i would like to see you move from "this is the house you can build" phase thru to "this is where i like to place my furniture" ....kinda thing
     
    Skate likes this.
  9. Skate

    Skate

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    Thank you Joe for making this 'Dump it here' thread a Sticky
    I also want to thank each & every member who has taken the time to read my post, by doing so you have made me feel very happy. To the members who have (& you know who you are) after reading my post have gone on to hit the 'Like' button - thank you.

    Also to those members who have engaged in this thread - thank you from the bottom of my heart. I have read each & every post many times over. The members who have freely shared an experience or expressed an opinion here - thank you.

    Why post ?
    If my posts affect anyone's behaviour, I'm a winner - that's my end game..

    Our community is worth promoting, we all share the same values & have a common interest.

    Skate.
     
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  10. Joules MM1

    Joules MM1 ....everything has an art

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    i also suggest, with respect, you begin to index these posts so you can refer back and go indepth, build a chronology, an index, a pathway if you like

    build an initial master index for yourself with http's set for each subject that way you'll have a chain to work from, making a comprehensive pathway for a complete newbie
     
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  11. Skate

    Skate

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    Joules MM1, YES, I'll do post on this topic tomorrow.

    Skate.
     
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  12. Skate

    Skate

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    Joules MM1, did I tell you I lose interest in projects very quickly ?

    Its hard enough punching out words as I think of them , I shudder to think of how many grammatical errors I've made.

    I'm thinking of just answering questions in future as it's hard to know what others are interested in.

    Long posts are boring to write as well for others to read (we all know this)

    Skate.
     
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  13. Joules MM1

    Joules MM1 ....everything has an art

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    the one thing about the auction process most find out is you need to "find out" before you know the right questions to ask, it's like no other interaction anyone deals with

    maybe they get boring ...for you

    any moment there's a thirsty individual gotta drink from the cup and if the cups too big they'll get a forkhoist..they just have to drink
     
    Saqeeb likes this.
  14. Skate

    Skate

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    Joules MM1, you say maybe "they get boring ...for you" - NO, that's not the case, I don't interact with anyone to get bored, what is boring is starting a thread so members have a place to share their knowledge, sometimes members forget that someones trash is another persons treasure.

    What you find trivial could be the catalysis to engage another to think on a deeper level.

    Just maybe
    The low member posting in the 'Dump it here' are mostly likely from a lack of time, as I know its not a lack of knowledge. I've noticed more & more members find debating their position over trivial matters, more enjoyable to them. They play tennis all day, hitting their views back & forth & I never get to see a winner.

    Also
    No one likes to say ‘I don’t know’. It is a conversation killer. It makes one look stupid.

    There is no right or wrong on this thread

    I do know something about human nature & it's this "everyone wants to be heard" without being belittled & treated with respect.

    The nice thing about people is: "We are all different".

    We are all at different stages in our trading journey. When I joined ASF, I didn't even know enough to ask the right question. My rapid short posts hopefully goes someway to address this issue.

    Skate.
     
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  15. Joe Blow

    Joe Blow Administrator Staff Member

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    No problem. This thread will be a great reference for beginners - past, present and future.

    If posting continues at its present rate, this month will see the most posts in a month since either November 2014 or August 2013. We've kicked off to a good start this year. It would be great to see it continue. ASF has a vibrancy and a life to it when there are lots of active discussions happening. It's an interesting and enjoyable place to be.

    So, thank you for your part in that Skate. The "Dump it Now" thread has made a huge contribution to the activity here since it was started last month. It seems to have had a real impact on overall activity. Let's keep the ball rolling.
     
  16. Joe Blow

    Joe Blow Administrator Staff Member

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    And I recommend that people share this thread and other threads they find value in on social media, if you use it. If you take a look below the "Similar Threads" area in each thread you'll see some social media buttons. Click them if you're so inclined. I see at least one person has already recommended this thread to others.

    You can also like individual posts. Simply click the post number in the top, right of the relevant post and a box will pop up with a direct link to the post and another row of social media share buttons.

    Doing this exposes the content to many people who would not otherwise have come into contact with it and who may benefit from it. I recommend doing it to this thread and every other thread that you find valuable enough to recommend to others. It will bring other like-minded people here who may well decide to become a contributing member of our community.
     
  17. Gringotts Bank

    Gringotts Bank

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    So the big players aren't the manipulators. Most big players don't know how the market works. That doesn't add up.

    Who are the manipulators? Who are the winners?
     
  18. Skate

    Skate

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    The market makers.

    Skate.
     
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  19. Gringotts Bank

    Gringotts Bank

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    Who are they?
     
  20. Skate

    Skate

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    Its a long story to type out, maybe 'Google' it.

    Most traders don't understand how the markets work, Most of the industries best are oblivious to this fact as well.

    Trading is is business to me & to you (hopefully) as well as every player in the market - some have more a lot more power than others.

    Skate.
     
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