Comments on: Trading 101 - Trading for Dummies http://tradermike.net/2004/05/trading_101_trading_for_dummies/ Stock market commentary & trading ideas. Stock market weblog (blog), swing trading, day trading, stock picks, technical analysis, stock charts, stocks. Mon, 08 Sep 2008 04:21:02 +0000 http://wordpress.org/?v=2.3.2 By: Michael http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-497 Michael Sat, 24 Sep 2005 17:53:31 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-497 Frank, I have TICK and TRIN on my monitor but I really don't even look at them that much. I mainly key off of the market's intraday trend, which I define by looking at the QQQQ (15 minutes candles) in relation to its 10 and 20 period expoential moving averages. As you know I also use the A/D line(s) and I also pay close attention to the market's first 30 minute range. I (generally) want the 10:00 high to be broken before I go long... Those are what have been working well for me, of course your mileage may vary. :-) Frank,

I have TICK and TRIN on my monitor but I really don’t even look at them that much. I mainly key off of the market’s intraday trend, which I define by looking at the QQQQ (15 minutes candles) in relation to its 10 and 20 period expoential moving averages. As you know I also use the A/D line(s) and I also pay close attention to the market’s first 30 minute range. I (generally) want the 10:00 high to be broken before I go long…

Those are what have been working well for me, of course your mileage may vary. :-)

]]> By: frank http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-496 frank Sat, 24 Sep 2005 16:59:55 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-496 I have been following chairman's work for a while. Now I actually started to go through all of his published lessons one by one. This is the first time I actually enjoy studying any trading system. Each system has its advantages and drawbacks and the trader will choose his own path. I also went through some of the older chat sessions and I do believe that Maoxian helped a lot of traders without charging hundreds of $ as others do.Maybe I am naive and I cannot say if his system is better or not, but is simpler to work with. I read some of your experiences with the dummies and my question is this: Is the A/D and Trick and trin reliable enough to decide the trend after you have found the inside candle? Especially today, when sometimes even after 10am it is difficult to see where is the market going, mistakes will be made... Thank you for bringing his system to the pages of your blog, which I enjoy tremendously. Regards, frank. I have been following chairman’s work for a while. Now I actually started to go through all of his published lessons one by one. This is the first time I actually enjoy studying any trading system. Each system has its advantages and drawbacks and the trader will choose his own path. I also went through some of the older chat sessions and I do believe that Maoxian helped a lot of traders without charging hundreds of $ as others do.Maybe I am naive and I cannot say if his system is better or not, but is simpler to work with.
I read some of your experiences with the dummies and my question is this: Is the A/D and Trick and trin reliable enough to decide the trend after you have found the inside candle? Especially today, when sometimes even after 10am it is difficult to see where is the market going, mistakes will be made… Thank you for bringing his system to the pages of your blog, which I enjoy tremendously. Regards,
frank.

]]> By: Michael http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-495 Michael Wed, 02 Feb 2005 17:21:42 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-495 I've rarely seen such things happen, especially if you're trading a stock with decent liquidity. There is always the danger of a stock gapping past/through your stock though. Hedging via options is one way of protecting against such events. I’ve rarely seen such things happen, especially if you’re trading a stock with decent liquidity. There is always the danger of a stock gapping past/through your stock though. Hedging via options is one way of protecting against such events.

]]> By: profjose http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-494 profjose Wed, 02 Feb 2005 04:09:01 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-494 You have frequently written about stop losses rather informatively but I have not come across a way to protect a major loss with a stop loss in effect when the drop in the stock is a rapid severe avalanch. The point of the stop loss activation correlates with an acceptable trading loss but when it is swamped by a precipitous drop it often goes down irrationally to a point where the loss decimates capital. Are there any technics that can be used to protect the trader? Jose You have frequently written about stop losses rather informatively but I have not come across
a way to protect a major loss with a stop loss in effect when the drop in the stock is a rapid
severe avalanch. The point of the stop loss activation correlates with an acceptable trading loss but when it is swamped by a precipitous drop
it often goes down irrationally to a point where
the loss decimates capital. Are there any technics
that can be used to protect the trader?
Jose

]]> By: Michael http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-493 Michael Tue, 23 Nov 2004 23:11:26 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-493 Perhaps this site will help you to find a good broker - <a href="http://www.investingonline.org/gso/broker_ratings.html" rel="nofollow">Online Broker Ratings</a>. For what it's worth, I trade with CyberTrader and have been very happy with them. Let me know if you try them out so we can both get some free trades. :-) Perhaps this site will help you to find a good broker - Online Broker Ratings. For what it’s worth, I trade with CyberTrader and have been very happy with them. Let me know if you try them out so we can both get some free trades. :-)

]]> By: Robert http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-492 Robert Mon, 22 Nov 2004 23:49:13 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-492 Which is the best on line trade company? Which is the best on line trade company?

]]> By: zod http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-491 zod Wed, 12 May 2004 00:25:23 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-491 That certainly doesn't engender trust in me -- people willing to make bold predictions are a dime a dozen in this industry. I think "trust" is really the wrong idea we're moving toward, here. My initial comment was sparked by the fact that it'd be nice to really have a good gauge of a trader/investor's prowess, without having to pay to see it, much like we can see Warren Buffett's results PLUS hear about his strategies. That's why Buffett is so well-respected. In the case of Cramer, maybe he's got all that you say, but the fact that you have to subscribe again brings back that whole "charging to learn their performance" problem that I hate. That certainly doesn’t engender trust in me — people willing to make bold predictions are a dime a dozen in this industry. I think “trust” is really the wrong idea we’re moving toward, here. My initial comment was sparked by the fact that it’d be nice to really have a good gauge of a trader/investor’s prowess, without having to pay to see it, much like we can see Warren Buffett’s results PLUS hear about his strategies. That’s why Buffett is so well-respected.

In the case of Cramer, maybe he’s got all that you say, but the fact that you have to subscribe again brings back that whole “charging to learn their performance” problem that I hate.

]]> By: Duru http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-490 Duru Tue, 11 May 2004 07:30:34 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-490 Hey Zod, there are still some things that can foster trust. A big one is telling people what you're gonna do before you do it. Or being bold enough to make predictions rather than just retrospective, "I meant to tell you so" commentary. Mike is gonna roll his eyes on this last comment, but I can use Jim Cramer as an example of someone you can trust. He is quite the emotional firecracker, and you may not like his style, but he says exactly what he is thinking, he is not afraid of making predictions, he examines where he went wrong and right, he tries to learn from his mistakes (and MAN has he been making a good number of them lately!), he tells his subscribers what he is going to do BEFORE he does it, AND he provides a portfolio that tracks his performance (not sure what state it is in these days). Trust can be had, it just does not come easy (or cheap sometimes!). Hey Zod, there are still some things that can foster trust. A big one is telling people what you’re gonna do before you do it. Or being bold enough to make predictions rather than just retrospective, “I meant to tell you so” commentary.
Mike is gonna roll his eyes on this last comment, but I can use Jim Cramer as an example of someone you can trust. He is quite the emotional firecracker, and you may not like his style, but he says exactly what he is thinking, he is not afraid of making predictions, he examines where he went wrong and right, he tries to learn from his mistakes (and MAN has he been making a good number of them lately!), he tells his subscribers what he is going to do BEFORE he does it, AND he provides a portfolio that tracks his performance (not sure what state it is in these days). Trust can be had, it just does not come easy (or cheap sometimes!).

]]> By: zod http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-489 zod Sun, 09 May 2004 17:16:16 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-489 Duru, true enough. I wasn't speaking about real-time portfolio tracking as much as percentage gains YTD and for the past few years, to at least compare against the averages -- of course, as in your example, these are another thing that can be faked. What it all boils down to is trust, as usual. The whole stock market rests on that shaky foundation. Duru, true enough. I wasn’t speaking about real-time portfolio tracking as much as percentage gains YTD and for the past few years, to at least compare against the averages — of course, as in your example, these are another thing that can be faked. What it all boils down to is trust, as usual. The whole stock market rests on that shaky foundation.

]]> By: Duru http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-488 Duru Sun, 09 May 2004 08:51:00 +0000 http://tradermike.net/2004/05/trading_101_trading_for_dummies/#comment-488 If I wanted people to pay attention to me, I would post my portfolio moves at the end of the day (or week or month) by picking out the best stocks. I would manage to prune the losers right before the hammers dropped on them. However, I would also throw in a few modest losers for good measure to keep it realistic - always showing how well I managed to cut losses before they got really big. If I wanted people to be able to verify my wizadry, I would announce my moves either right before or right after I made them in real-time. Providing portfolio tracking is a lot of work (and a pain) so I am not surprised you typically have to pay to see it, especially if that portfolio is churning from a bunch of real-time trades. If I wanted people to pay attention to me, I would post my portfolio moves at the end of the day (or week or month) by picking out the best stocks. I would manage to prune the losers right before the hammers dropped on them. However, I would also throw in a few modest losers for good measure to keep it realistic - always showing how well I managed to cut losses before they got really big. If I wanted people to be able to verify my wizadry, I would announce my moves either right before or right after I made them in real-time. Providing portfolio tracking is a lot of work (and a pain) so I am not surprised you typically have to pay to see it, especially if that portfolio is churning from a bunch of real-time trades.

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