22 replies to this topic

[andr99]

it's because people try as hardly as they can to make things the more complicate that it's possible for them.

 

It's something I see everywhere, even in math world. 

 

example of complication 1 :

 

 

simple solution : the two equations are simmetric in x and y, so that it's clear that it must be x=y 

 

the first equation becomes then : x^2 - x = 31 which is easily solved by the well known formula of the second order equation that even a 10 years old kid knows. 

 

example of complication 2 : 

 

 

simple solution : divide the second equation by the first. It will result c/a=2 or c=2a. Substitute c=2a in the third equation and you will get 2a^2 = 30 or a^2=15 which means that a

 

is equal to the square root of 15. Substitute it in the first equation and you get b, then substitute b in the second equation and you get c. 

 

 

CONCLUSION : KEEP IT SIMPLE IF YOU WANT TO BE IN THE LITTLE 2% OF WINNING TRADERS. 

 

 

   

[andr99]

In other words, to solve complicate things and the stock market is complicate, you need a simple mind or more precisely saying a simple approach. That's why I carefully avoid 

 

all those infinite possible counts of the Elliott theory or those multiple possible angles of Gann. I just rely on what I have found that it works out. And all of that is a lot more simple than Gann and Eliiott. Amen.

 

 

by the way, errata corrige  : 

 

.............a is equal to PLUS OR MINUS the square root of 15

Edited by andr99, 04 May 2026 - 09:33 AM.

[andr99]

the detail is also important 

[andr99]

but then, obviously, if you are normally profitable, but the market falls down in times like these when one day Hormuz is open and one day later, sorry it isn't, well even if you are used to a proven system based on simplicity, 

 

you need a lot of patience. If this thing doesn't end soon, I will have lost a couple of months with zero profits.  

[pdx5]

Richest man on earth, Elon Musk, does NOT trade stocks.

Very rich man Warren Buffet is not a day trader. He is a long term investor.

But traders are very useful to brokers to generate commissions. 

Anyone knows a Billionaire trader?

Edited by pdx5, 04 May 2026 - 10:04 PM.

[andr99]

Richest man on earth, Elon Musk, does NOT trade stocks.

Very rich man Warren Buffet is not a day trader. He is a long term investor.

But traders are very useful to brokers to generate commissions. 

Anyone knows a Billionaire trader?

 

I think there are many different styles of trading that range from long term investing to day trading. In everyone you will have people who make money and people who don't. I'm not sure that one trading style is better than 

 

another one, but for sure I know which one fits better for me and it falls in between the two extremes. As for Warren Buffet, I think he has clients and he handles a vast amount of money. I'm not sure you could become a 

 

billionaire if you invest in the long term only your own money. On the other hand, why becoming a billionaire ? You're rich enough if you get a few million euros which thing is not simple to achieve, but at least it's possible while 

 

dreaming of becoming a billionaire investing in the stock market is something that happens in nature only to one man out of some billions.      

Edited by andr99, 05 May 2026 - 01:10 AM.

[andr99]

by the way the only things I have found that really work are : pattern recognition, trend lines, supports and resistances, an indicator and a lot of comparisons between different charts belonging to the same sector I want

 

to trade, besides an accurate look at the major indexes. When I hear about Elliott, I instantly get a head ache. In the first years of trading I believed in it and tried many pc programs and multiple sites based on that

 

theory. Then finally I faced reality and got to the conclusion that it would have never worked for me. I realized that I had to change the way and I did it. Happily. 

 

Same thing with Gann. 

Edited by andr99, 05 May 2026 - 06:57 AM.

[andr99]

the second lesson I learned over the first difficult years was to never give up, at the end there had to be a right way and that was exactly true. Never surrender is my motto. 

Edited by andr99, 05 May 2026 - 03:44 PM.

[12SPX]

Been on holiday and relaxing this week but just had to comment as I've still been taking in daily premium selling around the 7300 levels for a total of $13.20 and made $23.10 selling last weeks Wedneday's 7320 calls and trading the 6990 and 6950 puts as I knew I would be busy with babysitting and holiday.  That weekly trade was actually suggested by Ara, Grok's AI lol!!  This morning selling the daily 7350 calls for $12.50 and the 7370 calls for $4.10 as this pop is once again way over done on more hopes and dreams of the war ending.  I do agree that oil is going to fall anyhow even if they don't make a deal in my view and its more important to watch what bond yields do here which in the end could be the shocker for the market!!  

 

All this to say about your topic is that I'm not sure your right about it only being 2% of traders.  The biggest problem is that to many traders won't let go of what they believe is going to happen and generally get wiped out that way.  This is the main reason I like to sell options though as there is one guarantee in the market.  Whenever an option expires it has to have its only real value.  My market has grown into the trillions now and the smart traders only sell.  Btw after all this typing taking profits on the 7350 calls for $6, will hold the 7370's a little longer.  

 

So far you have gotten your rally which is nice but I'm getting worried its going to run out of steam soon when all this rhetoric goes away!!   

[andr99]

 

So far you have gotten your rally which is nice but I'm getting worried its going to run out of steam soon when all this rhetoric goes away!!   

 

My Canadian tennis-friend, you're  always so pessimistic. I want to tell you that I don't expect any important top before August-September and I'm not even sure that this bullish trend can't take us furtherly on till November-December

 

before a bear market starts. A one year bear market that might represent a golden opportunity for large profits on the downtrend and even larger profits on the uptrend when the bear is over.  

 

In the meanwhile I have understood that my twenties are over and to play tennis as I used to a few years ago, I have to go to the court more than once a week. But, hey, what a difference when I'm well trained.

Edited by andr99, 06 May 2026 - 09:47 AM.