Exactly! The person succeeds, the system/technique/method is merely a via-media. A person who makes a conscious decision to go the system route and avoid the discretionary route or vice-versa has evaluated him/her self , their risk tolerance etc and made a choice which they think is appropriate for them.
A lousy trader can break a great system/method and wipe out his entire corpus. A proficient trader with appropriate money management can make a handsome living with a mediocre system/method. So handing out tips which are in the nature of trade entry setups is actually a disservice to the person asking us to share our experiences, which I am sure Louis did not ask in the first instance . In this particular thread Paul Ho's post is worth it's weight in gold. Develop proficiency in one set-up and then talk about moving on. Best Regards R ps; Louis the following two trading groups and websites have a wealth of info by people who are successful traders day after day on a consistent basis.If you have the time and inclination make the effort and I am sure it will help you get a clearer focus on how you would like to tackle the issue of your trading future. http://www.dacharts.com/ http://www.trading-naked.com/ [EMAIL PROTECTED] [EMAIL PROTECTED] On Sun, Aug 3, 2008 at 7:58 PM, Jan Malmberg <[EMAIL PROTECTED]> wrote: > Hi, > > Well, I had 6 years of martial arts training, where I understood (but > unfortunately not yet attained) the principle of "no-mind" when executing > tasks. I have also had some limited time as a military instructor, and it > became obvious that during patrol and combat, when people fire at you > (blanks and smoke grenades, but still), there ones who make it are the ones > who do not take the time to think. > > > > However, ones ability to enter this state of mind is dependent on having > enough training so that you subconsciously know that you really do not have > to think about how to move and shoot properly. > > > > Of the Tekki Shodan pattern, the ancient warriors said something to the > effect of "Most patterns require at least 10 000 executions before being > mastered. However, you should not even consider demonstrating Tekki Shodan > to your master before you have had 100 000 repetitions." > > > > It is interesting to note that to reach the original state of mind while > carrying out un-natural activities, you do need lots of training, and that > some things in every field are a lot more difficult than the average task in > that skill set. > > > > Best regards / JM > > > ------------------------------ > > *Från:* [email protected] [mailto:[EMAIL PROTECTED] *För > *brian_z111 > *Skickat:* den 1 augusti 2008 05:32 > *Till:* [email protected] > *Ämne:* Re: SV: [amibroker] Anyone actually making money? > > > > > 3. Level of spiritual attainment. > > Semantics plays a part in any discussion, especially when we are > crossing cultures etc. It plays a greater role in 'spiritual' > discussion than it does in any other. > > So, first the semantics. > > We are not limited to the term 'spirituality' as we can talk around > the same area in many different terms (objective mind/subjective > mind, rational/intuitive, super-consciousness, super-rationality the > collective unconscious, God, the Soul, the Divine, the Supreme and > millions more). > > For ease of discussion I will stick with 'spirituality'. > > A few basic points: > > - generally the 'spiritual gene' is latent in humanity, across all > cultures > - it is more virile in a small % > - it is particularly latent in the West/modern culture where we have > turned our back on our spirituality > - I dare say this forum has more than its share of latent > spirituality under the surface > - the psychic opposites are not antagonistic forces e.g. soul versus > body but rather a complimentary whole so that is not a matter of > logic/programming trading versus intuitive/discretionary trading. We > are all using both, at different times and places, even those who > deny it (there is no such thing as a 100% objective/rational person). > - a healthy psyche has a good balance and flows between each psychic > pole in its own season. > > The main pragmatic points: > > - we can't bootstrap our subjective mind so we have to turn to > mentors for written or oral teaching > - some have more aptitude for it than others > - I was very priviliged to have some experience in these matters long > before I started trading (my subjective consciousness/soul was > already active and able to express itself in the world) but it still > took years of pragmatic, practical, objective work to 'program' the > trading mind to match i.e. I had to pass a sufficient number of > exams, in the core units, at the 'University of Trading', before I > could 'enter the trading zone'. > > In laymans terms, my intuitive mind was functioning but I still had > to go out and tediously train my rational/objective mind, and learn > as many of the objective rules of trading as I could, before the > subjective and the objective minds could synchronize in the trading > room. > > "Give unto Caeser that which is Caesers AND give homage to your God". > > brian_z > > --- In [email protected] <amibroker%40yahoogroups.com>, "Jan > Malmberg" <[EMAIL PROTECTED]> wrote: > > > > Hi, > > > > I sometimes daytrade using even delayed data for the charts, and a > list > > compiled list stored in my broker's web application. It works > alright. Most > > of the time I do short-to-mid-term swing trading. With just the 15- > min > > delayed data. Ok, real-time for the indexes. > > > > > > > > Here's my opinion. > > > > > > > > The three components that determine your success are usually: > > > > 1. Level of analysis. How good you can produce low-risk entries > with a > > probable future outcome, which of course is never totally possible. > > 2. Level of money management. How much you bet on one single > trade, how > > well you scale in, scale out, set and stick to stop-orders, and > more. > > 3. Level of spiritual attainment. How much you have attained the > > "no-mind" state of the ancient warriors and spiritually achieved > people. > > Which means that you fearlessly execute trades while maintaining a > > risk-appropriate behavior. Only really possible when you no longer > fear the > > horrible market and what it might do to you. > > > > > > > > Which one is most important? The one you lack the most at the > moment. I was > > fortunate to start out with fairly solid money management from the > start. > > > > > > > > Best regards / JM > > > > > > > > > > > > > > _____ > > > > > > From: [email protected] <amibroker%40yahoogroups.com> [mailto: > [email protected] <amibroker%40yahoogroups.com>] > On Behalf > > Of Louis P. > > Sent: Thursday, 31 July 2008 2:15 PM > > To: [email protected] <amibroker%40yahoogroups.com> > > Subject: [amibroker] Anyone actually making money? > > > > Hi, > > > > I was only wondering... Anyone actually making money or making a > living > > with AB and trading? > > > > I've been working on ideas and plans for over 7 months now and > didn't find > > anything convincing yet. I've been searching daily data, then > hourly, > > 15-minute and now I am into 1-minute data and nothing seems > satisfying. > > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to work. > > > > So... Anyone is making consistent money with this, and if so, at > which > > timeframe and how do you do it? > > > > I'm beginning to think about switching to tick database; it seems > even > > 1-minute is too slow for intraday trading. Anyone making money with > > 1-minute? > > > > Thanks, > > > > Louis > > > > >
