This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Dump it Here

i embrace my biases , they are formed from experience and/or observation .. and sure things might be different this time , but how do you factor that in to the risk

but in saying that i have a very contrarian way of viewing things ... and short-term trading is about shaving off steady profits ( as often as possible )

i sometimes see an obvious trade , but assess the upside as inadequate for me , so keep moving

it is worth mentioning that the corporate hustlers probably use computers as well ( in their planning )

cheers
 
i embrace my biases , they are formed from experience and/or observation

@divs4ever, I really appreciate your perspective on embracing your biases shaped by experience and observation, which makes a lot of sense. Your contrarian view adds an interesting twist, as it sounds like you’re always hunting for the best value.

We trade against the best
And your point about corporate hustlers is spot-on. It’s a reminder that trading is not a game of human intuition anymore, but a constant fight against traders who have the sharpest, fastest & sometimes the most unethical minds in the world.

Skate.
 
Overcoming Flaws
Traders often struggle because we’re human, not machines. Our natural emotional impulses often conflict with the clinical mindset required for successful trading.

Rules-Based Trading
To counter this, replacing irrational decisions with clear rules and triggers is a great approach. Mechanical system trading provides an emotionless framework, enhancing consistent and profitable signal execution as part of the process.

Skate.
 
The biggest issue I find with short term trading is the 50% CPT.

The thing is with everyone trying to get rich in one day, most of these stocks could halve in a year, so you have to be very careful with how you trade.

Another thing I've learnt is that these Jnr exploration ventures can be very rewarding, but when they go bad, they are very bad. They're a lot easier to pump the SP with BS, as quick as the SP goes up, it goes down.
 
Another thing I've learnt is that these Jnr exploration ventures can be very rewarding, but when they go bad, they are very bad.

@TimeISmoney, trading is a wild mix of reward, excitement, and risk.

Systematic Trading Keeps It Simple
(a) Buy when clear conditions are met.
(b) Sell on an exit signal.

Trading systematically, there is no guessing a company’s future.

Skate.
 
The biggest issue I find with short term trading is the 50% CPT.
and associated costs in making those gains , brokerage , live data feeds , sometimes multiple computer displays etc etc

AND the pressure to make these profits to pay your bills

i really enjoy the option on when to crystalize those losses and gains ( sometimes a quick loss frees up cash for a better opportunity )
 
@TimeISmoney, trading is a wild mix of reward, excitement, and risk.

Systematic Trading Keeps It Simple
(a) Buy when clear conditions are met.
(b) Sell on an exit signal.

Trading systematically, there is no guessing a company’s future.

Skate.
You definitely get lost in your own emotions when you trade sometimes. The brain has a set plan to exit, but the psychological part doesn't allow it to happen.
 
i really enjoy the option on when to crystalize those losses and gains ( sometimes a quick loss frees up cash for a better opportunity )
I made that mistake with holding onto FMG for too long.

I've had a bonanza with gold stocks this last and current month; if I'd pumped the money I wasted on holding FMG into gold stocks, I would be a very rich and happy man. I cleared 6.8% on my stocks by FF dividends last financial year, so still not so bad.

I try to exit stocks where I still cover the entry and exit prices, so not much is lost there, and I can claim it against the tax I pay anyway. ($580) in brokerage fees last financial year.
 
Cookies are required to use this site. You must accept them to continue using the site. Learn more...