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

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  1. Skate

    Skate

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    OUCH !!

    How to lose half of your stake quick smart - 47.17 % loser

    Skate.

    BUB LOSER Capture.JPG
     
  2. qldfrog

    qldfrog

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    No trailing stop to avoid outchh?¿
     
  3. Darc Knight

    Darc Knight Investor not Trader

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    Any idea of how many investors that are in the stock market who really shouldn't be Skate?
     
  4. Skate

    Skate

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    @qldfrog, I do use protection, I do have stops, two of them actually but sometimes there is nothing we can do to prevent being caught on the wrong side of the ledger.

    My Existing Two Exits are:
    Exit 1 - A Looping Trailing Stop (that works great but as you can see my trailing stop was well with limits - the trailing stop is the straight red line in the Chart)
    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 & its this Stale Stop that decided (not me) when it was time to sell.

    My searchlight
    I have a searchlight that turns on (its the yellow shadow, the vertical beam) to show me the 'bar' the signal was generated on. Have a look at the Rate of Change (ROC) ribbon, notice that the amount of yellow. Yellow means prepare to STOP, just like traffic lights. I got the prepare to stop & the searchlight is the 'STOP' signal, I could have made the the searchlight beam 'Red' but cosmetically it didn't look as nice.

    Sh!t happens
    No one knowingly puts themselves in harms way but no matter how smart we are, or how hard we work, we will regularly be hit by news, circumstances, and developments that are unforeseen and the stock market gods will periodically use us for their entertainment, and there is nothing we can do to prevent it, so we have to be ready and mentally prepared to realise drawdowns and losses are part of the trading process, so take it on the chin & be the ‘best loser’ you can possible be.

    I use a variety of tools for my protection - some are listed below:
    1. An Index Filter
    2. A Turnover Filter
    3. A Volume Filter
    4. A ROC Strength Filter (ROC = Rate Of Change)
    5. A Price Filter
    6. A Trend Filter
    7. A variable trailing stop
    8. A momentum ROC stale stop Filter

    The list goes on..

    Skate.
     
  5. Skate

    Skate

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    No idea, I guess it takes all sorts.

    If I could rephrase your question if I may.
    "Any idea of how many investors that are in the stock market who you would be comfortable with trading your funds Skate?"

    Not many I have a trust issue, no one has my interest at heart when it comes to investing my money. In saying this I do use LIC's (a long term set & forget strategy)

    RESULTS
    LIC's don't have good returns because of the way they are structured but it's a safe (as can be) passive way of investing, they are dividend investors for a better word. They are long term holders of the big low volatility companies (they play it safe) - low volatility, low returns.

    Skate.
     
  6. willy1111

    willy1111

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    I am reading back through the thread, page by page. It has been difficult to keep up with the speed the thread developed in real time . . . I am finding it very good to read back through at my own pace.

    Whilst a lot of the philosophies, psychology and trading related information is not new to me, I have gained a great respect and admiration for @Skate way with words/use of language, his communication skills/style. Thank you Skate for sharing yourself here :)
     
  7. Skate

    Skate

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    willy1111, thank you for your kind words.

    You go onto say "the philosophies, psychology and trading related information is not new to me" well, they're not new to me either but to a beginner they might just be. I've read so many books on trading I've lost count, Blogs, podcasts & YouTube videos rehash & repeat the same old same old, it excruciating.

    You go onto say "I have gained a great respect and admiration for his way with words/use of language, his communication skills/style" now you have me thinking, I wonder if other members prefer a different style of posts. Instead of trotting out the same old same old should I have my "say" about some of the things I think about, maybe just post on my perception when it comes to trading & maybe only post once a day (so others can keep up) as I'll do anything to keep the reader interested in learning.

    I have a dream (well not actually - I have an idea)
    Here an idea, how about I quickly write a post in two different style & ask members which they would prefer.

    Feedback
    Also I'll ask for feedback to the style, frequency & content of my posts. (you have given me a project)

    Lets see how quick I can turn out a post.
    I was a Sales Trainer who trained sales trainers (in a previous life) & now that I'm a trader let see if I can put an article together & reference both.

    Skate.
     
    tyson2710, Saqeeb and JimmyJames80 like this.
  8. tech/a

    tech/a No Ordinary Duck

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    A couple of comments.
    With my self answering my own questions I think.

    (1) Is that correct --your initial stop is around 12c So for every $1000 risked you have 5260 shares?
    Makes sense for a weekly method.

    (2) The price action (which is a single bar analysis I have yet to post in my T/A thread ) reacted
    exactly as would be expected the majority of the time.
    IE after a very high volume wide range day finishing off its highs--we see an inside day.
    Trades are not taken on these days but are monitored (In a discretionary world ).
    My surprise is a buy on open ---which is not a surprise if trading systematically.
     
    Saqeeb likes this.
  9. Skate

    Skate

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    tech/a, I trade the pre-auction & trading a weekly strategy "I have to, I need to" jump on every move because I don't know if the move will follow through, I just don't want to miss the boat.

    You win some you lose some.(that's the games)

    Skate.
     
  10. willy1111

    willy1111

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    I refrained from replying to this post as at the time I didn't want to get drawn into 'a game of manipulation' - you are quite a skilled wordsmith @Skate - much more so than I :)

    Many things can be interpreted in different ways depending on ones own life experiences and this means that the message sent may not always be received in the way it is intended.

    When the phrase a "woman didn't know their place" is used - I would say that most (not all) would use that in the context that a woman is a homemaker, belongs in the kitchen, looks after the children, stays quiet, doesn't express her views or challenge a mans views. I am not saying this is my view, or your view and today is seen as quite a derogatory view/comment towards a woman. In my view when this phrase is used, generally that is the message intended.

    However if the phrase is extended or context is put behind the phrase then the message sent may have a different meaning.

    When that phrase was posted in isolation without context - it appeared to be deliberately trying to expose the above bias most people have when they hear the phrase expecting the message receiver to respond with an attack on such an outdated condescending view. Once that response is obtained, then context is added behind the original statement to change the meaning from a negative to a positive. The message can change from a negative to a positive if the following is added to the phrase. . . why should women strive to be equal to men, they deserve better. I'm lifting all women up, men holding outdated views reflect poorly on us as a society.

    The message receiver now feels bad they got angry/attacked you when they misinterpreted the message sent. They made an assumption the message was negative based on their own bias, but after context was added the message changed to a positive and now they apologise.

    It appeared to me to be a classic and deliberate example of . . .

    I don't believe there was any malice behind the above series of posts, just highlighting the fact that things are not always what they seem. The message sent is not always received in the way it is intended. Many messages can be interpreted in a variety of different ways
     
  11. Ann

    Ann

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    Willy1111, Skate just chucked it out there to see everyones' reaction. He was playing a game with us...he had already said that was what he was doing. I thought it was an hilarious opportunity for a bit of fun, a reaction I am not sure Skate was all that pleased with but it was simply an exercise. It was lovely to see some of the fellas rushing to my defence, very sweet and something I hope never dies out. However the thing fizzled into a non-event so it just hit the floor and died.
     
    Saqeeb likes this.
  12. Skate

    Skate

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    I have a question

    I've had a few comments about my style, content & frequency of my posts so I'm going to try something different.

    1. I enjoy using subheading as I prefer it over a flowing text style (I was going to do the same article twice to give you a comparison but after reading the letter style I was bored & exhausted failing to get to the end) so I've spare forum members this exhaustion & I'll continue to post with headers trying to encourage you to read one more paragraph before giving up.
    2. I like to keep my posts short & snappy but my mind works quicker than I can type & some have stated "you write quicker than I can read"
    3. We tend to favor posts that are enjoyable to read, no one likes educational posts as they aren't fun to read at all unless they are engaging - sometimes my posts just rehash stuff you already know.
    4. Members don't read old news no matter how many words of encouragement comes my way. A forum member made a suggestion that I turn my posts into a eBook for beginners, something for members to read at their leisure or for seasoned traders something to read using it as a pep talk to keep their enthusiasm going,
    5. My eBook "Trading Fundamentals - Skate's Beginners Version" is there to help. (put it on you iPad, iPhone or any ePub reader & take it with you, you'll never never know when you want something "GOOD" to read)

    I've written a post today to demonstrate why no one takes the time to read lengthy post & it's because of the content its because of a few different factors being:

    1. We don't have the time
    2. We are lazy
    3. Your stuff is of no value
    4. It's more enjoyable wasting my time reading others debating something trivial
    4. Apathy - you just don't care.

    I'll post my article in a few moments hopefully after you read this post.

    FEEDBACK
    I would appreciate feedback hitting the 'like' button will do or post your comments about my style, frequency or content (I'm all ears)

    Skate.
     
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  13. Joe Blow

    Joe Blow Administrator Staff Member

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    My policy is, as long as posts contain useful, educational, interesting or thought provoking content then there is never such a thing as too many posts. Quality content is what ASF is (or should be) all about and this thread is chock-a-block with it. So please continue...
     
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  14. Ann

    Ann

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    6. We are Dyslexic
     
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  15. willy1111

    willy1111

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    The repetition helps with the learning. When it is heard from a number of different sources it seems to carry more weight. When I read some of your posts it plays into my confirmation bias as it confirms you are thinking in a very similar way to myself - which has been adopted from my learning from other sources such as books, websites, forums, podcasts, videos, experience etc. It is almost as if we belong to the same tribe :)




    I've enjoyed the style you use - it is effective.

    I also have an interest in the psychology, philosophy, the why, human behaviour, salesmanship, etc that is sprinkled through out your thread.
     
  16. willy1111

    willy1111

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    Please tell me more :)
     
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  17. tech/a

    tech/a No Ordinary Duck

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    Buy or sell triggers.
    Have you ever added them to your trading methodology?

    If I'm driving to Sydney when I hop in the car I want to be sure it has
    forward gears and a motor in it!
     
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  18. Skate

    Skate

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    Ann, you said "I thought it was an hilarious opportunity for a bit of fun, a reaction I am not sure Skate was all that pleased with but it was simply an exercise"

    I used you to demonstrate an insignificant point, it could have been anyone but you were the easiest to manipulate at the time. I didn't do it to cause friction but to demonstrate why we shouldn't jump at shadows, why we shouldn't "REACT" but "RESPOND" as "RESPONDING" gives you time to think - you perfectly demonstrated how someone uses their "Lizard" brain.

    I could trot lots of quotes & relate them to the way you reacted (but I won't)

    Our conversation has now ended - I'm not in the mood to play tennis with you.

    I'm NOW addressing @willy1111 from this point on.

    Willy1111, what an orator, after reading your post you have displayed that you are a gifted orator who raised excellent points, making everyone understand better what I was trying to demonstrate where others had no understanding. (I'm about to post an article about how STUPID salespeople really are it will be interesting to read, I relate sales skills or perceived sales ability with trading, I hope the poster reads it)

    Ann, didn't understand what I was demonstrating, she didn't get it - my lesson was to demonstrate how to manipulative people, (Ann, often makes quotes (that I don't believe) & (I don't reality think she believes either) its all to do with "little person syndrome" by using "little person syndrome" I mean no disrespect & none is intended but using that saying add meaning to my statement.

    There was a remark made that she couldn't be manipulated, as she is stronger than that & it wouldn't work on her.

    I made one statement & BINGO !! (reaction with attitude) for someone who has no feeling & doesn't get upset (she says she don't get upset) well with ever post to me she is upset, one whinge any another.

    She (I've use the word 'she' not disrespectfully - I have used the word 'she' so I don't offend her again by using her real name)

    Let me start again
    She perceived my statement one way when my statement meant something entirely different.

    Perception
    Our belief system comes from others & in her case it came from a "poor role model" in her father, the story she posted broke my heart so I now have a better understanding of her attitude when it comes to others & her perception of the markets.

    It's a pity
    We tend to see the world through our eyes rather than as the world really is.

    Skate.
     
  19. Gringotts Bank

    Gringotts Bank

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    Your mind is extremely active.
    1 - How do you ever get to sleep?
    2 - WHat happens if you try to meditate?
     
  20. Skate

    Skate

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    Most people have no understanding about so many things we are conformists & act like everyone else.

    Ann, stated that she worked in a Movie theater & the segue was "Do you know why movies run between 1.40 minutes to 2hrs 10 minutes on average?" making light conversation.

    The response was typical, she never wanted to know the answer, most people don't, some don't want say "I don't know" because it makes them sound like an idiot.

    Clouds
    I find some people are like clouds. When they go away, it's a brighter day.

    The answer
    Bladder control

    Skate.
     
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