[SpearPointTrader]

Originally Posted by ValueTrader »

The 80% rule is so outdated. It belongs on the same page as the moving average cross-over.

If trading was this simple do you think Investment Banks would be paying quants >100k pa to come up with codes. Indeed many Banks ask for Phd's from TOP universities.

If only they knew the 80% rule!

I await the next 'Secret trading tip technique'... what will it be? One time framing... If you see lower highs & lower lows then you're in a downtrend? No Sh*t Sherlock.


Just for the record, there is no day to day correlation in markets, just cos its up today, don't mean its gonna be up tomorrow. All a Day TPO value area will tell you is what happened yesterday.

If Larry's Tips n Tricks worked that well, do you think he'd be giving them away in order to entice hapless trainees?

VT

Actually, trading is this simple.

The way I see it, there are a good number of reoccurring sets of market conditions. These produce the same set ups, over, and over again. All one really needs to do is learn to find them, and trade the patterns they form.

Most winning patterns are good 50, to maybe 80% of the time. It's the times they aren't working that messes everyone up and throws people off their game.

The emotional stuff that occurs in trading is much more difficult to manage than the technical aspect. Learning the right balance of detachment, and focus is what separates the men, from the boys in this game.

[mitsubishi]

Originally Posted by Stiffroot »

I have gone thru Larry Levins course with Patrick Assalone and I am doing just fine! The important thing I learned was when NOT to trade! That you need a lot of patience and it is NOT for everyone! It is a new way of learning and you have to leave your baggage that you have learned previously at the door. People with the most experience do the worst as they WON'T forget what they learned. It is very hard to do. The people that have little or NO former training tend to do much better. Like anything, it is not for everyone, but it turned my life around and I am very happy where I am now, thx to Larry and Patrick.
Patrick is very vain, a loud mouth and obnoxious, but for me, an excellent teacher as I have been called worse myself! The camaraderie in our trading rooms and help from everyone is second to none! As a disclaimer, I am a graduate and it was the best thing I could have done. Once again, its NOT for everyone and it is NOT easy!

What's in a name?...maybe he should hyphenate it Ass-alone...nah, i would change it.Oh wait,maybe he already did change it.Maybe it was Dick Assalone?
How big is this guy?... big Dick Assalone?
If this career doesn't pan out,maybe he can form a good ole C&W band.. The Big Swingin' Dick Assalones...
I'd actually pay to see them....otherwise i'm not interested

[SunTrader]

Originally Posted by mitsubishi »

What's in a name?.....

I've seen Mitsu changed into many variations. I'll spare you - its not pretty

You should have spared us your useless rant.

[mitsubishi]

Originally Posted by SunTrader »

I've seen Mitsu changed into many variations. I'll spare you - its not pretty

You should have spared us your useless rant.

Nah,go for it.I'll go first......bumtrader

[SunTrader]

Originally Posted by mitsubishi »

Nah,go for it.I'll go first......bumtrader

Actually I'll just let your posts speak for themselves - which probably also speaks for how your trading is going.

[mitsubishi]

Originally Posted by SunTrader »

Actually I'll just let your posts speak for themselves - which probably also speaks for how your trading is going.

Yeah,that's right.live and let live.Luckily a sense of humour (or not) has no bearing on a traders performance........ drawing the wrong conclusions definitely does.