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Yes ten4one... I agree with what you said too because it is all very true... :)
Life is an education in itself. It is good to acquire the maximum of insight into things, be it through books or other people's experience coz in doing, so we can save years of our own bad experience just by listening. Of course one has to actually go through such experience oneself in order to understand and appreciate the good intentions those predecessors. As ten4one said, the market is the best teacher.
With regard to "secrets", all things are "secret" to those who have not yet known. So perhaps it not too much of Larry Williams to title his book
Long-term Secrets to Short-term Trading
Life is an education in itself. It is good to acquire the maximum of insight into things, be it through books or other people's experience coz in doing, so we can save years of our own bad experience just by listening. Of course one has to actually go through such experience oneself in order to understand and appreciate the good intentions those predecessors. As ten4one said, the market is the best teacher.
With regard to "secrets", all things are "secret" to those who have not yet known. So perhaps it not too much of Larry Williams to title his book
Long-term Secrets to Short-term Trading
How could it be a secret when it s so easily available???????
Not a singleTrader will reveal his/her actual method of tradings. There isn't a single book that can teach you how you could trade in a real situation. Believe me, Tradings in theory is miles apart from the real thing. Just like talking is easy!
Even in Program Tradings using the same programs could also end up with different results as long as the human factors are involved.
The only Teacher I learnt the most from is Mr Market. All the books in the world is good for 'fun' readings to 'refresh' your brain.The experiences you gained from Mr Market is no substitute.
Should not be a big problem for you... just take loss and exit if wrong calculation... There's always another trading opportunity. :)
Those going to TA may have to consider avoiding penny's of pennys stock. like this cenersave thing.. abit regret listening to advice n buy..
Have you come across a Gary Smith?
Thanks! very interesting indeed. ..... Yeah.... I used to test out other trading strategies but they didn't work out too well either. So I decided to stick to my current one.
BTW, which other traders did you look at?
so far 2 trades based on trend is profitable another 2 based on my own strategy is not.. lolz
anyway, we also modified some of Larry's and other traders strategy to suit ourselves.. own trading style and techniques..
actually not the whole book. but less than a 10 pages zapped from the book i guess. abt reading trend. yupz we are taught to trade the trend. trend is our best friend if u ride it but ur most formidable foe if u go against it..
That's an attractive idea... I'll be only too happy to oblige... since your methods have not failed you at all... :)
Hi iPunter.... wah... I should employ you as my publicity agent! :)
Hey cashiertan,
Really? My technique is taught in your TA class?
Thats interesting! Which parts of my technique?
Cashiertan is right about the part on paper trading. I paper traded for about 6 months before I was confident about the technique.
All those who who would like to trade like Singaporegal may wish to acquire the book she said she has been successfully relying on...
Long-term Secrets To Short-term Trading by Larry Williams
Long-term Secrets To Short-term Trading by Larry Williams
suggest ppl browse thru a few of them, proven traders (no need all) and choose one that u like and stick to it.. the one singgal used is also good. it is part of my textbook in class for TA. Than when u master it than move on to advance TA.
Mastering means u are able to consistenly make $ be it bull or bear for a few months.. lots of ppl just jmp in a get screwed coz they asumed they know liao.. get real.. if so easy, every TA player also make $..
remember to paper trade 1st than start small and work ur way up..
Speaking of trading, I didn't know there's so many books on trading written by one " --- Guppy" at Kinokuniya.... worth a browse sometime. :)
He makes money in tradings because of the PROGRAMS he has and tailored according to his trading styles. The Robot (or computer) acts on those instructions loaded to the brain of the Computer.
Robots are only good if the jobs were repetitive under a given situation and they've limitation. When comes to tradings, it is still the skills and experiences that counts. Cheers!
My guru, Larry Williams, trades like a robot. If he follows his trading rules like a robot, he generates a profit!
Yup... once the machines are programmed, if those humans won't override the machines' decisions, all systems should work as programmed, and the outcome would be different .
Robots are run and programed by Computer-Engineers and everything is at the command of their Masters! Cheers!
Not programmed trading, human trading...