1. What are the necessary qualifications to participate?
2. What is the purpose(s) of a monthly fee:
a) profit/income/compensation
b) covering actual costs
c) keeping trade-unrelated discussions/"elements" to a minimum
d) all of above?
"if situation creates the charts, don't charts reflect the situation by definition?" - correct, my mistake, the word reflect was not appropriate.
A handle on chart makes a trader to react, mostly ignoring all else, creating a new trading situation reflected in the new chart; where as social "handle' makes a trader to react, mostly ignoring techs, creating a new trading situation reflected in the new chart. One moment - one iteration. I think a hen was created 1st, then an egg. This model suites me better at this point in time.
Sorry it took me some time to read your links, thank you. I did like your articles and agree with the need to learn and not to find excuses. However, The "thin Markets" are disqualified and that what we currently have. I agree with "TRADE WHAT YOU SEE, NOT WHAT YOU THINK". Except you see the charts reflecting the situation, where I see the situation creating the charts - technical vs. behavioral. It does take quite a bit of learning to filter the noise and study the situation, and, of course, ones social position has big influence.
Technical analysis may or may not reflect current political direction. I just wanted to know if old technical methods still generate positive results.
Everyone on the blog seems to agree that this market is rigged. If that is true (and I believe as well), then how one can follow traditional charts and signals (handles, etc.) as these indicators were developed under totally different sets of axioms and do not apply any longer. Are they working for you?
I just try to absorb as much political info as I can, trying to figure out were they want the market to be. Most the time it can be done for a very short interval (mostly one day) since the movers themselves are vey erratic and react to every small event. They seem to know their strategy but unsure of tactics.
Listening to the "taking heads" generally gives understanding of the projected direction.
I strongly believe that market's level is unsustainable and playing for downturns using ETFs (SDS,...) limits the risk and creates good potential for big profit when it falls. Taking small profits ($.10 - $.50) works for me and keeps me in SDS for the moments when it goes down sharp ($1.00 - $1.50). It is not possible to catch all sharp turns, but several are enough.
Again, can somebody share if traditional approach still works?
I lived thru this utopia for 30 years. As every utopia it has failed miserably. Even if we do not like it, there are historical, cultural, and environmental reasons while all countries are different with different living standards. Probably these standards will change over time, but evolutionary, not jump-starting by "robbing" developed countries; as all developed countries eventually will fail (historically, none are too-big-to fail) when become too comfortable and will be replaced by more daring ones.
Unfortunately, I think that it may be time for US to split into separate entities sometime over the next decade and it makes the case for Gold. All 2009 I played SDS only (short-term) and never made a losing trade. Sometimes I could not calculate a correct timing and had to wait for the price "to come to me". I plan to maintain the same strategy for 2010 as well, until and if the political stability prevails, which I do not expect. As a word of caution: I have no formal education in economics.
It is like owning a company and making it successful. This blog is created and "owned" by Bill Cara. He is entitled to define/shape a community as per his vision; and it is our option not to participate. It is not a democratic entity. It is time to make a decision and get back to market comments. I am new to the blog and enjoyed it so far ignoring comments I find useless.
1. What are the necessary qualifications to participate?
2. What is the purpose(s) of a monthly fee:
a) profit/income/compensation
b) covering actual costs
c) keeping trade-unrelated discussions/"elements" to a minimum
d) all of above?
Every time he opens his mouth market dips.
One has just to SDS him to make money.
FD: Did not vote for him.
What is ES?
Simple and extremely timely posting. Every time I try to be "brave" - I loose.
Does anybody trade SDS and SSO?
I always liked your slogan and used it on several occasions but without a reference, sorry.
"if situation creates the charts, don't charts reflect the situation by definition?" - correct, my mistake, the word reflect was not appropriate.
A handle on chart makes a trader to react, mostly ignoring all else, creating a new trading situation reflected in the new chart; where as social "handle' makes a trader to react, mostly ignoring techs, creating a new trading situation reflected in the new chart. One moment - one iteration. I think a hen was created 1st, then an egg. This model suites me better at this point in time.
Sorry it took me some time to read your links, thank you. I did like your articles and agree with the need to learn and not to find excuses. However, The "thin Markets" are disqualified and that what we currently have. I agree with "TRADE WHAT YOU SEE, NOT WHAT YOU THINK". Except you see the charts reflecting the situation, where I see the situation creating the charts - technical vs. behavioral. It does take quite a bit of learning to filter the noise and study the situation, and, of course, ones social position has big influence.
Technical analysis may or may not reflect current political direction. I just wanted to know if old technical methods still generate positive results.
Everyone on the blog seems to agree that this market is rigged. If that is true (and I believe as well), then how one can follow traditional charts and signals (handles, etc.) as these indicators were developed under totally different sets of axioms and do not apply any longer. Are they working for you?
I just try to absorb as much political info as I can, trying to figure out were they want the market to be. Most the time it can be done for a very short interval (mostly one day) since the movers themselves are vey erratic and react to every small event. They seem to know their strategy but unsure of tactics.
Listening to the "taking heads" generally gives understanding of the projected direction.
I strongly believe that market's level is unsustainable and playing for downturns using ETFs (SDS,...) limits the risk and creates good potential for big profit when it falls. Taking small profits ($.10 - $.50) works for me and keeps me in SDS for the moments when it goes down sharp ($1.00 - $1.50). It is not possible to catch all sharp turns, but several are enough.
Again, can somebody share if traditional approach still works?
Will buy SDS at $34.00 with expectation to sell at $34.50+.
I like Connie Willis: Bellwether, Doomsday Book, To Say Nothing of the Dog, Passage.
I lived thru this utopia for 30 years. As every utopia it has failed miserably. Even if we do not like it, there are historical, cultural, and environmental reasons while all countries are different with different living standards. Probably these standards will change over time, but evolutionary, not jump-starting by "robbing" developed countries; as all developed countries eventually will fail (historically, none are too-big-to fail) when become too comfortable and will be replaced by more daring ones.
Unfortunately, I think that it may be time for US to split into separate entities sometime over the next decade and it makes the case for Gold. All 2009 I played SDS only (short-term) and never made a losing trade. Sometimes I could not calculate a correct timing and had to wait for the price "to come to me". I plan to maintain the same strategy for 2010 as well, until and if the political stability prevails, which I do not expect. As a word of caution: I have no formal education in economics.
We are just running out of people to layoff.
It is like owning a company and making it successful. This blog is created and "owned" by Bill Cara. He is entitled to define/shape a community as per his vision; and it is our option not to participate. It is not a democratic entity. It is time to make a decision and get back to market comments. I am new to the blog and enjoyed it so far ignoring comments I find useless.
Should not we go back to trading topics?
We are loosing (propably have lost) our Constitution and you worry about a tiny detail of this process.