Reading the markets more efficiently

[macawboy]

Great to have you back and posting again JollyGreen.
Learned so much from your posts.

[macawboy]

You still playing Omaha hi low JollyGreen?
Was some good money to be earned on line before the American ban hit.

[Pinnochio]

So if I give away my method would I lose my edge? I have to say NO! I can show someone exactly what I am looking for but can the apply it and commit to the market as fast as me? Can they take 16/17 years of experience and copy it?




JG

If that was true you'd be happy to give out your methods rather than churning out the typical psychobabble or advising people not to go in running

[Geordie]

I'm very grateful of your posts, JG.

As a 6 month-old trader, I've learned a lot from them.

Thanks for contributing again.

Geordie.

[JollyGreen]

So if I give away my method would I lose my edge? I have to say NO! I can show someone exactly what I am looking for but can the apply it and commit to the market as fast as me? Can they take 16/17 years of experience and copy it?




JG

If that was true you'd be happy to give out your methods rather than churning out the typical psychobabble or advising people not to go in running

I share my methods all the time on courses I run. For free? Well you must be even more stupid than you appear!
Life rule #1

[oscar123]

Not as stupid as somebody staring at a 19 year old photo of themsleves thinking it is in some way going to help with their trading.

[Pinnochio]

So if I give away my method would I lose my edge? I have to say NO! I can show someone exactly what I am looking for but can the apply it and commit to the market as fast as me? Can they take 16/17 years of experience and copy it?

JG

If that was true you'd be happy to give out your methods rather than churning out the typical psychobabble or advising people not to go in running

I share my methods all the time on courses I run. For free? Well you must be even more stupid than you appear!
Life rule #1

Considering, by your own admission, "but can they apply it and commit to the market as fast as me? Can they take 16/17 years of experience and copy it?" seems I'm not the only stupid one out there if they're willing to pay for it

But at least you're one of the few trainers to admit nothing worthwhile is free, so you get a thumbs up for that.

[JollyGreen]

Not as stupid as somebody staring at a 19 year old photo of themsleves thinking it is in some way going to help with their trading.

Life rule #1

[JollyGreen]

If that was true you'd be happy to give out your methods rather than churning out the typical psychobabble or advising people not to go in running

Considering, by your own admission, "but can they apply it and commit to the market as fast as me? Can they take 16/17 years of experience and copy it?" seems I'm not the only stupid one out there if they're willing to pay for it

But at least you're one of the few trainers to admit nothing worthwhile is free, so you get a thumbs up for that.

Precisely, so why have you contradicted yourself? You said I should be happy to provide my methods, blah blah with the implication I would give away my edge. The knowledge and information I can provide is legitimate and proven but that does not mean the recipient has the dedication to learn it over time and then apply it. Some do, sadly some want it to work overnight and when it doesn't they go back to old failed methods.

My argument was I am not giving away my edge and that remains true. You have taken your own slant on it and just assumed because I am being honest about it in terms of experience and a person's ability to learn it then it is worthless.

[Trader_Tom]

This is just my honest and humble opinion, I am not suggesting it is the only way. What I will say is if you can start including this in your trading it should improve things. You may then integrate some of it into your method and improve from there.

What works for one may not work for another and after the above quote it's hard to see why there's so much confrontation?

If I did the opposite of JG's advice it would be pretty disastrous so it stands to reason that his advice is sound. Try scalping a nice and steady small field when a spike comes in on the favorite and see how well not seeing the "bigger picture" gets you.

His original post wasn't in any way been confrontational so why the confrontation?

If you guys get bored, There's a couple of threads where I've tried to help people kicking about on the forum. They have a distinct lack of skepticism and abuse so if you could rectify this problem it would be much appreciated

[oscar123]

Yes you are right, i hadnt thought about seeing the "bigger picture". I shall try it this afternoon.

So when i find a nice and steady small field, and im scalping it, and the big spike comes in on the favourite. Which ive seen, as im seeing the "bigger picture".

What should I do?

Do I close my trades because of the spike? Or is that a bad thing as there may have just been an over reaction? Should I wait? Do I leave them open? Do I lay the favourite and try and catch the bottom of the spike? Or should I wait, and then try and back it when it reverse a bit? Should I close all further scalps and wait? Or does that mean I am missing further opportunities, is it actually a good time to scalp when there has been a spike on the favourite, as all the prices will be moving about more due to the bots and cross matcher?

[JollyGreen]

Yes you are right, i hadnt thought about seeing the "bigger picture". I shall try it this afternoon.

So when i find a nice and steady small field, and im scalping it, and the big spike comes in on the favourite. Which ive seen, as im seeing the "bigger picture".

What should I do?

Do I close my trades because of the spike? Or is that a bad thing as there may have just been an over reaction? Should I wait? Do I leave them open? Do I lay the favourite and try and catch the bottom of the spike? Or should I wait, and then try and back it when it reverse a bit? Should I close all further scalps and wait? Or does that mean I am missing further opportunities, is it actually a good time to scalp when there has been a spike on the favourite, as all the prices will be moving about more due to the bots and cross matcher?

Well you clearly have all the answers so why not tell us, we are longing to hear them. Better still, do us all a favour and crawl back under your rock.

[Trader_Tom]

Yes you are right, i hadnt thought about seeing the "bigger picture". I shall try it this afternoon.

So when i find a nice and steady small field, and im scalping it, and the big spike comes in on the favourite. Which ive seen, as im seeing the "bigger picture".

What should I do?

Do I close my trades because of the spike? Or is that a bad thing as there may have just been an over reaction? Should I wait? Do I leave them open? Do I lay the favourite and try and catch the bottom of the spike? Or should I wait, and then try and back it when it reverse a bit? Should I close all further scalps and wait? Or does that mean I am missing further opportunities, is it actually a good time to scalp when there has been a spike on the favourite, as all the prices will be moving about more due to the bots and cross matcher?

Let me rephrase. Change "spike" so "support". It's fast but not too fast to react. How would you react to it if

actually you know what. Can't be arsed. I'm off to earn some money. Byedibyes

[oscar123]

Personally, I wouldnt be doing it in the first place, i think scalping is an incredibly difficult way to make money trading.

I wasnt having a go at you, I was trying to help you. You see if someone did answer those questions, thats the kind of advice that a newbie could actually learn from and go and try and put into use themselves.

Being told to "see the bigger picture" and to "keep it simple stupid" isnt teaching anybody anything.

Though if there's one thing ive noticed about this forum and the online trading community in general, its that people love this kind of useless generic advice. If anybody tries to point out that the advice may not have any practical use, or in some cases is just plain wrong, they get a loud of abuse for daring to question.

Anyway, ive not got time for this either, ive got a rock to climb back under.

[Pinnochio]

Precisely, so why have you contradicted yourself? You said I should be happy to provide my methods, blah blah with the implication I would give away my edge. The knowledge and information I can provide is legitimate and proven but that does not mean the recipient has the dedication to learn it over time and then apply it. Some do, sadly some want it to work overnight and when it doesn't they go back to old failed methods.

My argument was I am not giving away my edge and that remains true. You have taken your own slant on it and just assumed because I am being honest about it in terms of experience and a person's ability to learn it then it is worthless.

Not sure where I've supposedly contradicted myself? I can only guess it's the line

But at least you're one of the few trainers to admit nothing worthwhile is free

Whereby I'm stating that traders selling courses/ebooks/etc never give out any useful info to help others , other than the usual mindset stuff /don't go in running type advice, never a working edge/technique for a newbie to trade the markets. The usual excuse is "much better to learn your own edge as it'll be longer lasting etc" whereas I'd imagine most newbies would be happy have a working technique straight away and find their own later. Whereas you're at least being honest and stating you save that for the paying customers and even then few of them would even be able to profit from it.