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- #25
- Jul 24, 2007 6:57am Jul 24, 2007 6:57am
- | Joined Feb 2007 | Status: Small is beautifull | 1,368 Posts
a retarded monkey on crack can trade it and make some money.
for sharing your system, I don't know what the impact is on the market, for me it was being proud that I was actually getting somewhere.
Did it help me much? ... it help to sort out little issues and gave me a better perspective of the system
Do I still trade them, and how much do I make with them... not really but lets just say BORA BORA Islands is waiting
ps. 90% of my trading experience comes from FF, so a big tx to all that has shared
pss, probably the best answer I once received was from Dailist, and I have quoted him so many times on this one before(wished it was my own to claim)
System = Method + Money Management + Trader
- #28
- Jul 24, 2007 7:57am Jul 24, 2007 7:57am
- Joined Feb 2007 | Status: Stock Broker, October 1987 | 1,281 Posts
- #29
- Jul 24, 2007 8:39am Jul 24, 2007 8:39am
- | Joined Dec 2006 | Status: piping ain't easy | 186 Posts
this is on another thread i've found.
i give 5 stars for this post.
i'll give comment:
Yes, the trader profit 'only' from market inefficiency. this is like finding oil in dessert. when the profitable system become very well known it will eat the hole of ineficiency and the last the hole of inefficiency close out.and become efficient.
bcs this is zero game. when somebody win, someone/something is lost.
what is the motive give cake you found to another? unlimited cake????!! unlimited loser?
please correct me maybe i'm wrong.
well if that was the case, a good ole system known to traders i.e trend lines would have been exhausted.
But guess what...every one still uses it to profit.
TL, fibs
also there is no one particular system that works...it is is a combination of systems and f inding the right one at the right time.
Those who think you have a holy grail , or think some has a holy grail, you are dead wrong.
no one knows the future price.
but you can use systems to predict with good MM you are good.
some people are generous enuf to share different systems here @ FF
I love FF for that reason as i have learned a lot.
but to think you have a holy grail and to keep it to yourself is selfish and greedy and it only exist in your mind.
there aint a system that will be theee holygrail.
Pipology 101 student
- #31
- Jul 24, 2007 9:03am Jul 24, 2007 9:03am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
The big benefit from posting a system or indicator is simply that it forces one to articulate it - which ideally means looking at it closely. It's no different than any other publication in that respect.
As for whether it degrades the value of the method, that never really bothers me, being a trend trader. The less noise in trends the better. One of the big mistakes traders tend to make is to believe that everyone else is trading for the same ST small profits they are but the reality is much different; there's all kinds of people and institutions buying and selling ccy's for their own reasons and on their own timeframes. For that reason "inefficiencies" (I use the term very loosely) will always exist, and they'll be exploitable. One just has to be adaptable to take advantage of them.
Good Traders(TM) educate each other for "for ze love". Can you feel ze love?
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
well if that was the case, a good ole system known to traders i.e trend lines would have been exhausted.
But guess what...every one still uses it to profit.
TL, fibs
also there is no one particular system that works...it is is a combination of systems and f inding the right one at the right time.
Those who think you have a holy grail , or think some has a holy grail, you are dead wrong.
no one knows the future price.
but you can use systems to predict with good MM you are good.
some people are generous enuf to share different systems here @ FF
I love FF for that reason as i have learned a lot.
but to think you have a holy grail and to keep it to yourself is selfish and greedy and it only exist in your mind.
there aint a system that will be theee holygrail.
compare fib and tl system one-two-three years ago with this year.
you will know how difficult this is now. why? bcs more trader use it more difficult it to be implemented. i guess not only me got feeling like that. i'm daytrader that's why i know it. now, i seldom use fib or tl or any classic strategy like before.
and look at hanzbreakout system. now, horde of trader anticipate it and that's why it become useless. maybe after horde of trader feeling loss and loss and not use it , it will come back and become effective.
"still i'm not satisfied with the answer, I Hope Someone Expert Can Clarify Me"
EA Programmer for Hire
- #33
- Jul 24, 2007 10:03am Jul 24, 2007 10:03am
Hi Halifax,
I agree with everything that you have said above.
If you take a look at yhe first page of my thread, and also look at how I trade, it is glaringly obvious that I am not saying anything different to what all the good trading books say...but it is amazing that every newbie wants to "take on" the market and then wonders which express freight train flattened them (and destroyed their trading accounts).
Most people are trading for the adrenaline rush rather than the boring concept of just maximising profits.
.
To stop the snake oil salesmen... at least save a couple of traders from burning their hard earned money... Smart people will get the idea and follow... others will search for the next best system or indicator (in other word; searching for the next snake oil salesman -- LoL )
Point is: "A candle loses nothing by lighting another candle". - Erin Majors
a lot of trader cum salesman will be out of the job if more profitable good trader reveals the secret of successful trading.
........... have nothing to say..........
- #36
- Jul 24, 2007 10:23am Jul 24, 2007 10:23am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
Thanks, i appreciate it.
oh, and Gwan too
--------------------------
i'll give comment/conclusion for that 6 motive:
Social need?
i know there is a 'joy' like Dexis mention when someone reply and give attention to you. and when somebody kneel down and ask you for help, we ,as nature human, want to help.
oh, and Gwan too
--------------------------
i'll give comment/conclusion for that 6 motive:
Social need?
i know there is a 'joy' like Dexis mention
when someone reply and give attention to you. and when somebody kneel down and ask you for help, we ,as nature human, want to help.
EA Programmer for Hire
- #39
- Jul 25, 2007 8:21pm Jul 25, 2007 8:21pm
- | Commercial User | Joined May 2007 | 7,686 Posts
"WHEN SOMEBODY IS WINNER , SOMEONE/SOMETHING IS LOSER."
i don't mean only from trader. don't make me typing this again.
yes, and they are limited. and maybe there is always inefficiency, but the inefficiency is always limited at any given time. 1 billion inefficiency at a time, divide it by 1 trader or 10.000 trader?
if you honestly share that, no one not given you Thank You.
and i will call you Mother Theressa's trader.
The IDEA is to buy them cheap. BUT, sometimes he just buys 30 million because he has to. It's the cost of doing business.
Some of his bigger trades are along the lines of 200-300 million. Again, when they need it, they need it.
So it's not always a zero sum game. When they buy a factory, you may have benefitted from him pressing the button. And that's fair enough, but Rubbermaid just profitted much more than you got out of the deal....because they now can produce their products in a cheaper market, like say Italy or something to that effect.