Hi Yuki, I like to jump onto new things and try picking up as I go along. I know of a paper trader who's been paper-trading for two years now; I'm the opposite from such a stance.
I think you brought up a valid point in that investors like me should hide in the crowd and not stand out. I will definitely explore the dollar-volume approach and filter out low-liquid stocks.(I've been increasing my minimum volume thereby increasing the dollar-volume but I am still far from 10-million dv you proposed.) Thank you again for your great advice. intermilan04 --- In [email protected], Yuki Taga <[EMAIL PROTECTED]> wrote: > > Hi intermilan04, > > It's not a race. Relax, be patient, and you will see how the game > works. The game is an exquisite balance of disciplined patience, > patience to the point of boredom and beyond, and the need to > instantly recognize when it's time, finally, to not be patient > another minute. > > The boredom should outweigh the action, by far. > > As for money running out before you learn ... there is always paper > trading. It has its obvious drawbacks however (too easy to pull the > trigger; too difficult to experience the genuine psychological agony > of a mistake that is really impacting your bottom line), but losing > money is not one of them. > > Just remember, you are the prey -- not just when you are new at the > game, but almost always and forever. Do something visible -- I mean > make a big splash -- and I guarantee the piranha, the sharks, the > T-Rex's and the like, will immediately notice you, and zero in on you > like you are diner. These are smart weapons with a very, very low > failure rate. You don't want to be spotted by one of them. > > Good luck, > > Yuki > > Thursday, August 31, 2006, 12:48:36 PM, you wrote: > > i> Yuki, > > i> I'm not disagreeing with you that I shouldn't be trading in such a > i> market. I'm already implementing measures so I can avoid them in > the > i> future. > > i> It's live&learn. The race is on...one's money running out before > one > i> can learn, or otherwise :-) > > i> --- In [email protected], Yuki Taga <yukitaga@> wrote: > >> > >> Hi intermilan04, > >> > >> Thursday, August 31, 2006, 11:57:29 AM, you wrote: > >> > >> i> Hi Yuki, > >> > >> i> There are stocks, low-cap stocks where 900 shares buy order > >> overnight > >> i> is actually huge. I'm not saying 100% that my stock of today was > >> i> indeed the case...I do have a reason to believe it was, but it's > >> hard > >> i> to convince others without naming the ticker. > >> > >> Believe me, no one cares about the ticker. ^_^ You should not be > >> trading in such a market. The fact that this discussion is taking > >> place makes that painfully obvious. I'm sorry. > >> > >> Think of it this way: You are going to make bad trades. (Everyone > >> does, of course.) When you recognize you have made a bad trade, you > >> are going to want to get out. Right then. > >> > >> If you were pretty much the only buyer when you went in, I can assure > >> you that you will pretty much be the only seller when you want to get > >> out. You will get skinned both ways. > >> > >> i> Now, I am already working toward avoiding those because I > >> obviously do > >> i> not want my order to cause a gap-up in the morning. Simple > >> approach > >> i> is to buy more expensive stocks, and/or to buy stocks with higher > >> volume. > >> > >> Volume has nothing to do with it. Money is what we count, and we > >> count it as daily volume times currency unit. That is either a > >> significant number, which means a very large lake, if not an ocean, > >> to be invisible in, or it means a swimming pool populated by you and > >> probably several Hammerhead sharks. > >> > >> Where do you want to swim? > >> > >> Yuki > >> > > > > > > > Best, > > Yuki > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
