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Flying Dutchman

  • #10,801
  • Oct 18, 2024 9:13pm Oct 18, 2024 9:13pm
[quote=TimeTells;15033802]Hi folks, Will be the last of my end of day Review charts for a while I reckon....

Thanks Pete

Can you put it in writing and I'll get back to you..

Cheers
  • #10,802
  • Oct 18, 2024 9:43pm Oct 18, 2024 9:43pm
Quoting moodybot
Hi folks, Will be the last of my end of day Review charts for a while I reckon.... Thanks Pete Can you put it in writing and I'll get back to you.. Cheers

Hi andy,
hahaa yes
done & sent just now hahaaa
  • #10,803
  • Edited 3:05am Oct 19, 2024 2:29am | Edited 3:05am
Quoting TimeTells
It all looks Wyckoff to me (and george also, cheers pal), end of my story. The accumulations/distributions at tops or bottoms I just call Aggregations ... (ie waiting for the buy/sell balance to shift). I can then see the Wyckoff Springs (I might call ‘em fake’n’flips as I reckon that’s just what their purpose is) I then see the wyckoff markups ie price going up, and alternatively going down, I call them expansions. Then I see wyckoff Pullbacks, either profit taking TP or S/L action maybe, allowing trade re-entries if desired.
Great quote from Wyckoff:

"The Market does not beat them, They beat themselves, because though they have Brains, they cannot sit tight"
It never gets easier, you just get better
  • #10,804
  • Oct 19, 2024 4:32pm Oct 19, 2024 4:32pm
Amazing story of the Most Powerful Stock Trader on Wall Street :

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It never gets easier, you just get better
  • #10,805
  • Oct 19, 2024 4:45pm Oct 19, 2024 4:45pm
Inside the World of a Billionaire Speculator - Paul Tudor Jones Documentary

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It never gets easier, you just get better
  • #10,806
  • Oct 22, 2024 9:04am Oct 22, 2024 9:04am
Trader Tom live - daily now it seems.

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every Saint has a past. Every Sinner has a Future
  • #10,807
  • Oct 23, 2024 3:18am Oct 23, 2024 3:18am
Quoting Shabs19
Inside the World of a Billionaire Speculator - Paul Tudor Jones Documentary https://www.youtube.com/watch?v=azLvQJUJyIQ
Cheers for the rec Shabs19,

If you’re into trading psychology Inside the World of a Billionaire Speculator featuring Paul Tudor Jones is a must-watch. Seeing how Jones balances risk management, market sensitivity, and profitability goals is super insightful. It's clear that trading is largely a psychological game.
He’s the kind of trader who doesn’t shy away from risk but sticks to disciplined strategies to limit losses. The biggest takeaway? Being able to adapt quickly and stay flexible in changing market conditions.
Highly recommend this to anyone interested in trading and investing.

  • #10,808
  • Edited 11:09am Oct 23, 2024 10:27am | Edited 11:09am
Quoting iofthetiger
{quote} Cheers for the rec Shabs19, If you’re into trading psychology Inside the World of a Billionaire Speculator featuring Paul Tudor Jones is a must-watch. Seeing how Jones balances risk management, market sensitivity, and profitability goals is super insightful. It's clear that trading is largely a psychological game. He’s the kind of trader who doesn’t shy away from risk but sticks to disciplined strategies to limit losses. The biggest takeaway? Being able to adapt quickly and stay flexible in changing market conditions....
Did you see the knockout punch by one trader to the other on the trading floor @9:36 ? LOL.

That's when you have really lost it.

Best results when trading without emotion ie. when drunk. but ofc I wouldn't recommend that.

Market Patterns repeat over & over, different players, different indtruments.

Taking trades with Risk to Capital in the forefront, not focussing on the potential Profits ( "Pie in the sky" dreaming ).

PTJ like Livermore, yet another great short seller of the markets.
It never gets easier, you just get better
  • #10,809
  • Oct 24, 2024 6:20am Oct 24, 2024 6:20am
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It never gets easier, you just get better
  • #10,810
  • Oct 24, 2024 8:05am Oct 24, 2024 8:05am
Quoting Shabs19
Amazing story of the Most Powerful Stock Trader on Wall Street : https://www.youtube.com/watch?v=rA6rn3t9j9A
Sadly, he lost the lot, again, and "topped" himself.
every Saint has a past. Every Sinner has a Future
  • #10,811
  • Oct 24, 2024 3:15pm Oct 24, 2024 3:15pm
Quoting turnip15
{quote}
Sadly, he lost the lot, again, and "topped" himself.

An extraordinary life.

From wiki

In the Panic of 1907, Livermore's huge short positions made him $1 million in a single day.[6]
However, his mentor, J. P. Morgan, who had bailed out the entire New York Stock Exchange during the crash, requested him to refrain from further short selling. Livermore agreed and instead, profited from the rebound, boosting his net worth to $3 million.[6]
He bought a $200,000 yacht, a rail car, and an apartment on the Upper West Side.
He joined exclusive clubs and had mistresses.[6]
In 1908, he listened to advice from cotton trader Theodore H. "Teddy" Price, who told him to buy cotton, while Price secretly sold.
He went bankrupt but was able to recover all of his losses.[6]
In 1915, he filed bankruptcy again
His second divorce in 1932, the non-fatal shooting of his son by his wife in 1935,[14] and a lawsuit from his Russian mistress led to a decline in his mental health,
while the creation of the U.S. Securities and Exchange Commission in 1934 imposed new rules that affected his trading.
Although it is unknown exactly how it happened,[13] he eventually lost his fortune and filed bankruptcy for the third time in 1934, listing assets of $84,000 and debts of $2.5 million.


He did however, also enjoy fishing, according to the article

Trade safe, trade well all
  • #10,812
  • Oct 24, 2024 3:38pm Oct 24, 2024 3:38pm
Quoting TimeTells
{quote} An extraordinary life. From wiki In the Panic of 1907, Livermore's huge short positions made him $1 million in a single day.[6] However, his mentor, J. P. Morgan, who had bailed out the entire New York Stock Exchange during the crash, requested him to refrain from further short selling....
His life seems close to that of George Best, the legendary Manchester United footballer, when he went bankrupt he was asked what happened to all his money in an interview with a reporter.

He answered with a twinkle in his eye, "I spent all my money on Women, Booze & Cars, the rest I squandered."
It never gets easier, you just get better
  • #10,813
  • Oct 24, 2024 3:51pm Oct 24, 2024 3:51pm
Quoting Shabs19
{quote}
His life seems close to that of George Best, the legendary Manchester United footballer, when he went bankrupt he was asked what happened to all his money in an interview with a reporter.
He answered with a twinkle in his eye, "I spent all my money on Women, Booze & Cars, the rest I squandered."

Hahaa, Shabs, it's the squandering I tell 'ya, the squandering. It'll get ya everytime.
The rest is pleasure
  • #10,814
  • Oct 24, 2024 9:48pm Oct 24, 2024 9:48pm
Quoting Shabs19
{quote} His life seems close to that of George Best, the legendary Manchester United footballer, when he went bankrupt he was asked what happened to all his money in an interview with a reporter. He answered with a twinkle in his eye, "I spent all my money on Women, Booze & Cars, the rest I squandered."
George Best ! Havent heard that name in a looooong time ! Seen him play a few times on mid late 70s when he was in the NASL.
As well a fond memory was watching the Vancouver Whitecaps beat Manchester City 5-0 Trevor Whymark with a hat trick 3 goals !

Such great years from 76-80 or so...Went to many Whitecaps games...and was so so fortunate to see some of the worlds best footballers.
From Pele to George Best to Phil Parkes, Alan Ball, Tony Waiters Bruce Grobbelaar and many others. Many English players came to the US and Canada
to play in the NASL...and Wee Willie Johnston from Scotland Mooning the other team ! Man those were the days...

The Vancouver Whitecaps played out of Empire stadium in Vancouver which is where Roger Bannister in 1954 ran against Landy in the British Commonwealth
games held here...and they both ran sub 4 minute mile,,,,,Sadly the stadium was torn down but there is a nice statue of them both side by side,,perhaps from a photo of the race?

I digress lol.....and finally I have often jokingly remarked... I spent 90% of my money on booze and women the rest I wasted !

Thanks for the post Shabs really brought back the memories...

Cheers !
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Master your Mind,,,Master the Market
  • #10,815
  • Edited 1:19am Oct 25, 2024 1:07am | Edited 1:19am
Quoting TimeTells
{quote} An extraordinary life. From wiki In the Panic of 1907, Livermore's huge short positions made him $1 million in a single day.[6] However, his mentor, J. P. Morgan, who had bailed out the entire New York Stock Exchange during the crash, requested him to refrain from further short selling....
So by the rate of inflation until todays time, multipy that amount by 33.5 , Livermore made $33.5 million & $100 million within a short space of time, trading short then long respectively by understanding market flow between instruments.

PTJ came close to that record, but has managed to hold onto his wealth, whereas Livermore didn't with a dire outcome ending his life.

Amazingly Livermore did not use Price Charts like we do in the modern day, He was used to spotting Price Patterns from Raw Prices, from his chalk board days, only trading trending markets, avoiding Ranging ones.
It never gets easier, you just get better
  • #10,816
  • Oct 26, 2024 6:55pm Oct 26, 2024 6:55pm
Quoting Shabs19
{quote} Did you see the knockout punch by one trader to the other on the trading floor @9:36 ? LOL. That's when you have really lost it. Best results when trading without emotion ie. when drunk. but ofc I wouldn't recommend that. Market Patterns repeat over & over, different players, different indtruments. Taking trades with Risk to Capital in the forefront, not focussing on the potential Profits ( "Pie in the sky" dreaming ). PTJ like Livermore, yet another great short seller of the markets.
Do you think that punch scene was staged (I don't think this was even on the original doc)? The sudden grab and punch, then someone standing in the middle of the floor holding what appears to be a phone with no cable.

Have you ever watched the original doc? I don't recall any yellow jackets throughout his documentary among some other things that can be pointed out in your video posted. To your point though, when your throwing punches in that environment, you have really lost it.

Fair use...probably can edit as needed to not violate copyright laws.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #10,817
  • Oct 27, 2024 6:25am Oct 27, 2024 6:25am
Quoting HTG
{quote} Do you think that punch scene was staged (I don't think this was even on the original doc)? The sudden grab and punch, then someone standing in the middle of the floor holding what appears to be a phone with no cable. Have you ever watched the original doc? I don't recall any yellow jackets throughout his documentary among some other things that can be pointed out in your video posted. To your point though, when your throwing punches in that environment, you have really lost it. Fair use...probably can edit as needed to not violate copyright...
It's a bit like the selective attention test :

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It never gets easier, you just get better
  • #10,818
  • Oct 27, 2024 5:40pm Oct 27, 2024 5:40pm
Trade safe, trade well all (today)


From the land of the rising sun

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  • #10,819
  • Oct 27, 2024 5:55pm Oct 27, 2024 5:55pm
Here's an historical look back on GJ over the past 1½ years.

And in my best recollection only (),

INSIDE each & every one (99.999% )
of those Daily candles
the SAME style of markets mechanics played out,
over & over

The October month-end is Thurs

(which means our Melbourne Cup horse race is on next Tues - always, the first Tues in Nov)
(but don't ask me who will win, I haven't looked at a racefield in yonks )

All the best to all

.

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  • #10,820
  • Oct 27, 2024 6:19pm Oct 27, 2024 6:19pm
Not a million miles from each other
except
I have mine set in the
150 : 200 Octave
175 : 200 Octave
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