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#1 andr99

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Posted 05 January 2021 - 10:10 AM

guys, there's one thing that I would like to hear from you...for those who are so kind to reply...........is your trading just based on mechanical signals that are given by your trading system or is there in your trading also a component of intuition ? I' m asking because I' m a position trader and year after year I have reached a point where I' m satisfied with my trading. Someone else here is far better than I am, but I can' t say I' m not satisfied. There's a point in any case that I don' t like in my trading.....it's not fully mechanical, there's also a component of intuition which so far has worked well, but I don' t like it. How is your trading ?   


Edited by andr99, 05 January 2021 - 10:11 AM.

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#2 12SPX

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Posted 05 January 2021 - 10:47 AM

Great question for discussion!  I've been at it for almost 40 years starting as a stock trader and have tried almost everything.  My main focus has always been selling option premium for about 35 years now which is purely mechanical, figuring out where the SP500 won't be in the next month and it has done well.  However through the years I have gotten into day trading the ES if I get bored and this has been my longest stint now on my 10 mth I think actually posting trades on here, working on my 8th month now without a loss and it is basically intuition as I only use stochastics in different time periods just to see how overbought/oversold the market is but just watch the tape and make my choices.  I still look at sentiment and a few other indicators to get the overall picture of where the market is sitting but overall just intuition. What has helped with that I think is that I've been watching the tape and charts since I was a teenager and have decades of literally writing down the hourly numbers on the SP500, 100, Dow and Nasdaq as I believe it gives you a good feel for where the market is at.  Just saw a chart yesterday that showed computer trading was down again last year by about -30% for hedge funds whereas the old style guys were up about 50%.  That should tell you right there that intuition is more important but I will give you the best advice, if you feel good about how much you have made never say if I only would of hung on a little longer I'd have made more.  Never question a profit otherwise you may end up having to hold onto a trade for months, years if things go the wrong way.  Also, the market never goes up forever and never goes down forever thus why we have a great site here to talk about trading and learning, thanks for your question looking forward to reading other ideas!! 



#3 slupert

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Posted 05 January 2021 - 11:42 AM

guys, there's one thing that I would like to hear from you...for those who are so kind to reply...........is your trading just based on mechanical signals that are given by your trading system or is there in your trading also a component of intuition ? I' m asking because I' m a position trader and year after year I have reached a point where I' m satisfied with my trading. Someone else here is far better than I am, but I can' t say I' m not satisfied. There's a point in any case that I don' t like in my trading.....it's not fully mechanical, there's also a component of intuition which so far has worked well, but I don' t like it. How is your trading ?   

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#4 slupert

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Posted 05 January 2021 - 11:49 AM

Oh, yeah, by the way fellow traders, should be some fun trading in the futes, one thing to keep in mind, THE EARLY RETURNS PROBABLY WILL BE DEMOCRATIC,THE LATER RETURNS SHOULD BE MORE REPUBLICAN. So, keep that in mind. (JMHO)



#5 fib_1618

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Posted 05 January 2021 - 12:24 PM

Strictly analytical with intuitive experience...what I refer to as my "Spidey Sense", while others refer to as pattern recognition, cadence or rhythm.

 

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#6 andr99

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Posted 05 January 2021 - 12:48 PM

thank you fib, maybe in the past we were on two different wave lenghts, but I think time reduces distance and I' m glad to hear you


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#7 pdx5

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Posted 06 January 2021 - 12:41 PM

I am a lazy trader. I don't like spending time in front of computer all day.

More fun and better for my health is playing golf 5 times a week.

So...I have simplified my trading. Stay in hi yield bonds until the market crashes as it did in March 2020.

Then I liquidate all bonds and jump into stocks with both feet.  I don't care if stocks go lower from there  because I already bought in at 15-20% discount over recent prices. Than just play more golf and watch stock prices once every weekend. When the stocks show 20%+ profits go back in hi yield bonds.

 

I know this is a simplistic approach. But it gives me time to go on cruises and play lots of golf. 

And I made more profits with this lazy man's trading system than all my wages combined over 37 years of working full time. I really don't need any more profits. I am seriously thinking of getting out of stocks permanently. Have 30% in index funds, which I will liquidate after holding them for 1 year in March.  Cruises should begin sailing in Fall. Want to do 50 more. 81st birthday coming up in couple of months and I am healthy as a horse with all that walking on golf courses and treadmills when not golfing. Retired at  age 57. What a great life!!


Edited by pdx5, 06 January 2021 - 12:46 PM.

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#8 SemiBizz

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Posted 06 January 2021 - 12:44 PM

thank you fib, maybe in the past we were on two different wave lenghts, but I think time reduces distance and I' m glad to hear you

 

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#9 12SPX

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Posted 06 January 2021 - 01:02 PM

Curious, what is it??



#10 andr99

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Posted 06 January 2021 - 04:27 PM

 

thank you fib, maybe in the past we were on two different wave lenghts, but I think time reduces distance and I' m glad to hear you

 

You are about to get some Earth shattering news, unless it's already hit.

 

 

?????????


forever and only a V-E-N-E-T-K-E-N - langbard