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| markcrisp 187 posts msg #38413 - Ignore markcrisp |
10/12/2005 5:49:21 AM The only interview with Nicolas Darvas I could ever find: http://www.stressfreetrading.com/An_Interview_With_Nicolas_Darvas_1975.pdf |
| TheRumpledOne 6,529 posts msg #38417 - Ignore TheRumpledOne |
10/12/2005 10:24:32 AM THANK YOU, MARK! |
| alf44 2,025 posts msg #38420 - Ignore alf44 |
10/12/2005 11:56:13 AM kewl ! thanks mark ! alf44 |
| TheRumpledOne 6,529 posts msg #38443 - Ignore TheRumpledOne |
10/14/2005 7:35:07 AM http://www.fractalsedge.com/ 95% of today's traders consistently lose more money than they make. Here's why: The 5 Most Dangerous Trends Every Stock and Futures Trader Needs to Know NOW! And what you can do right now to make sure you are positively positioned for maximum profit in a chaotic world and market place. Dangerous Trend # 1. Unprecedented and accelerated increase in chaotic world events. And what makes the impact of these events significantly greater is the power of the media to magnify and sometimes even distort these events. The result is an increased atmosphere of fear, confusion and uncertainty. And fearful investors do not usually make the best choices because they are knee-jerk, emotional reactions instead of reasoned and intelligent decisions. This can and does wreak havoc on the markets. Consider the impact of just a few types of chaotic world events: Political upheavals Corporate Scandals: Enron, WorldCom, Martha Stewart, etc. Terrorism: 911, etc. Natural Disasters: tsunamis, earthquakes, floods, freezes, droughts, hurricanes Wars Lesson from Dangerous Trend #1: Make sure your method of trading has built-in safe guards to prevent major financial loss in case of such chaotic events that will surely continue to plague the industry. Dangerous Trend #2. Mergers, acquisitions, and consolidation of major financial services. Banks, brokerage companies, investment firms and insurance companies have been merging at a never-before-seen rate. This means a greater transfer of financial control to a few large companies. For the trading consumer, this tends to translate into receiving less personalized service and misled recommendations based on what's best for the company instead of what's best for you. As investors and traders become a nameless number in a sea of digits, these companies continue to spend the majority of the profits generated by your money not on increased service, but on multi-million dollar marketing campaigns designed to acquire as many new customers as possible even at the expense of being unable to provide personalized support to their existing customer base. Lesson from Dangerous Trend #2: Bottom line is that bigger usually does not mean better for the trading customer. Make sure that the companies you choose to handle your money are also able to provide you with the level of support you deserve as a client. If not, it will usually cost you in the long run. Only work with those companies who will listen to your needs and respond appropriately. Remember it's a partnership and a two-way street. Dangerous Trend #3. Investors handing over their money to "Experts." While there are a few money mangers out there that actually do make money for their clients, most do not. And yet there exists an increased trend in handing over hard earned money to someone else to do something with it. This appeals to that inherent human weakness of settling for short-term convenience instead of going for what is best in the long run. It might be initially convenient to give money to an expert, but not so convenient as the money slowly or quickly, as is often the case, disappears. Lesson from Dangerous Trend #3: The buck stops with you. When it comes to successful trading, there is no substitute for personal responsibility, self-education and making one's own investment and trading decisions. Those that make the most in trading aren't the ones handing their money over to a money manager. Dangerous Trend #4. Lack of personal trading preparation and commitment. Trading is a business and respected as such can bring great profit. But, unfortunately, many treat it like a slot machine or a lotto ticket. They make one or more of the following 8 common deadly trading mistakes: They don't take the time to educate themselves adequately before investing. They haven't developed or consistently use a trading system that gives them an edge. They haven't developed a sound money and risk management strategy. They stay in losing trades too long. They don't set stop loss points with every trade. They have a get rich quick attitude. They trade in a range-bound channel. They try to buy bottoms and short tops, instead of trading breakouts. Lesson from Dangerous Trend #4: View trading as you would a serious business. Prepare yourself before you commit your hard earned money. Take the long-term view. Educate yourself. Invest in information and tools that will give you an edge in the marketplace. Paper trade first. Create a trading strategy, make plans to implement it, and exercise the discipline to follow it even when (or especially when) your emotions dictate otherwise. Dangerous Trend #5. Continued reliance on out-dated trading systems and models based on traditional, linear mathematics. 99% of today's trading systems are based on inadequate mathematical analysis that assumes the past will be like the future. It's no wonder that only about 5% of traders are profiting on a consistent basis. For most of our lives, we have been taught to think in linear, Newtonian terms. We have been led to believe that for every effect, there is a cause; for every action, there is an equal but opposite reaction. If we want to prove or disprove a hypothesis, we employ the scientific method, and then analyze our data through the use of statistics. And when we apply linear tools or Newtonian thinking to stable, non-turbulent data, the results are actually very useful. However, if we assume that linear math is also adequate for analyzing the behavior of such complex systems as the weather, the flow of traffic in city streets, human brain wave activity or the financial markets, we are making a BIG mistake. This is because these systems are nonlinear in nature, and analyzing them requires a nonlinear approach. For example, what happens in the market is overwhelmingly influenced by the individual decisions of all active investors. Since investors base their decisions on their own personal motives, needs, desires, hopes, fears, and beliefs, the markets, as a reflection of their interaction with the mass of investors, are inherently complex, nonlinear systems. Yet most market experts ignore this fact when developing trading systems that appear to work. They analyze decades of charts and employ highly sophisticated linear statistics to "fit" these historical data to a particular model. Using such processes has led to pattern recognition programs (head and shoulders, 1-2-3 formations, triangles, pennants, and so on), as well as to many of the other market indicators such as Bollinger bands (based on standard deviations), reserve strength indicators, and others. These tools will accurately point to where you should have entered and exited the market for maximum profit in the past. However, while all systems and indicators that are based on linear techniques are accurate predictors of past performance, they do not work well in present time. Nevertheless, the experts continue to apply linear tools to analyze these nonlinear phenomena, and they continue to obtain indifferent results. Thus, the implication for the millions of speculative investors who use techniques, tools and systems based on linear models is that they are doomed to losing often and winning only occasionally. This is because such models are grounded in the mistaken assumption that the future will be like the past. But the fact is that every broker, every publication, every trading system including this one, and every Internet site that deals with trading publishes this warning: Past performance is not necessarily indicative of future results. The risk of loss exists in trading the stock and futures markets. Lesson from Dangerous Trend #5: An altogether different kind of trading system based in non-linear math is necessary to understand and profit from the complexities of the markets. Since Chaos Theory is totally nonlinear in its approach to analysis, it lends itself particularly well to systems whose behavior appears to be random, unpredictable, and "chaotic." Employing rigorous mathematical methodology, Chaos Theory is especially useful for revealing the highly ordered underlying structure of turbulent systems like the financial markets. Take a rapidly running river, for example. The underlying structure of the riverbed, with its rocks, boulders, trenches, shallows, and sandbars is what produces the rapids, the white water, and the eddies we see on the surface. If we could see the bottom, we could accurately predict the surface conditions at any given spot along the river. The markets are a lot like a river: they, too, have their rapids, their white water, and their eddies. And like rivers, they also have an underlying structure. As we properly apply the latest findings in Chaos Theory to see that structure, we can more accurately make sense of the market charts on our computer screens and make more profitable trading decisions. |
| TheRumpledOne 6,529 posts msg #38445 - Ignore TheRumpledOne |
10/14/2005 7:39:38 AM Lesson 10 - "How to trade divergence" by Mark McRae ========================================== Well, the response I got from the last lesson in video format was just incredible . I got more complimentary emails than I have ever done before, so my thanks to everyone who took the time to drop me a note. That's how we make things better - by working together. Anyway, onto the lesson. One of the most overlooked methods of trading is divergence. Regardless of what method I am using, I always keep an eye on any divergence that may be forming. This lesson will teach you a simply way to spot trades as divergence forms. You can watch the video here: http://www.tradeology.com/go/divergence.html |
| TheRumpledOne 6,529 posts msg #38546 - Ignore TheRumpledOne |
10/23/2005 5:16:48 AM Check this out! http://www.linnsoft.com/tour/techind/movAvg.htm |
| jclaffee 81 posts msg #38553 - Ignore jclaffee |
10/24/2005 11:44:09 AM Hi, TheRumpledOne: Do you use (or have you used) the RT Toolbox? If "yes", would you share your view of its quality and ease of use? Thanks for any info you can share. Jim |
| TheRumpledOne 6,529 posts msg #38558 - Ignore TheRumpledOne |
10/24/2005 8:14:51 PM "jclaffee 10/24/2005 11:44:09 AM Hi, TheRumpledOne: Do you use (or have you used) the RT Toolbox? If "yes", would you share your view of its quality and ease of use? Thanks for any info you can share. Jim " I have never seen it. |
| TheRumpledOne 6,529 posts msg #38559 - Ignore TheRumpledOne |
10/24/2005 8:15:23 PM Hi Avery, I wanted to personally thank you for being on our list and investigating the Fractal's Edge Trading methodology and system. I came across three ebooks that may help your trading. They are yours as a free gift just for belonging to this list. http://www.internetmoneymagnet.com/free-gift/free-gift.html |
| jclaffee 81 posts msg #38566 - Ignore jclaffee |
10/25/2005 3:34:17 AM TheRumpledOne: Thanks anyway. The "toolbox" is the centerpiece of the linnsoft site you made reference to in this thread a day or two ago and I hoped that you might have personal experience with it. Jim |
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