General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Bruce Kovner Interview from Market Wizard
Do you sometimes put on a trade because you look at a chart and say, "I've seen this pattern before, and it is often a forerunner of a market advance." That is, even though you may not have any fundamental reasons?
Yes, I will do that sometimes. I would only add that, as a trader who has seen a great deal and been in a lot of markets, there is nothing disconcerting to me about a price move out of a trading range that nobody understands.
Does that imply you usually go with breakouts?
Sure.
But the markets are often prone to false breakouts. There has to be more to it than that.
Tight congestions in which a breakout occurs for reasons that nobody understands are usually good risk/reward trades.
Do you sometimes put on a trade because you look at a chart and say, "I've seen this pattern before, and it is often a forerunner of a market advance." That is, even though you may not have any fundamental reasons?
Yes, I will do that sometimes. I would only add that, as a trader who has seen a great deal and been in a lot of markets, there is nothing disconcerting to me about a price move out of a trading range that nobody understands.
Does that imply you usually go with breakouts?
Sure.
But the markets are often prone to false breakouts. There has to be more to it than that.
Tight congestions in which a breakout occurs for reasons that nobody understands are usually good risk/reward trades.
Sack Raghuram Rajan now, Subramanian Swamy tells PM in second letter
Subramanian Swamy fires fresh salvo, makes 6-point case for Raghuram Rajan's sacking
Swamy writes to PM again, levels more allegations against Raghuram Rajan
Rajan, the BJP leader also claimed, has been sending confidential and sensitive financial information using unsecured Chicago University email id and publicly disparaging the BJP government.
In his second letter to Modi within a fortnight, Swamy alleged that despite holding a sensitive and very high government post, Rajan has been making mandatory trips to the US to renew his Green Card.
http://www.thehindu.com/news/nation...-tells-pm-in-second-letter/article8651994.ece
http://indianexpress.com/article/bu...-pm-to-sack-him-2820137/#sthash.41k2GV8Y.dpuf
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
Subramanian Swamy fires fresh salvo, makes 6-point case for Raghuram Rajan's sacking
Swamy writes to PM again, levels more allegations against Raghuram Rajan
Rajan, the BJP leader also claimed, has been sending confidential and sensitive financial information using unsecured Chicago University email id and publicly disparaging the BJP government.
In his second letter to Modi within a fortnight, Swamy alleged that despite holding a sensitive and very high government post, Rajan has been making mandatory trips to the US to renew his Green Card.
http://www.thehindu.com/news/nation...-tells-pm-in-second-letter/article8651994.ece
http://indianexpress.com/article/bu...-pm-to-sack-him-2820137/#sthash.41k2GV8Y.dpuf
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
Experience is May trading ...
First week loss in all 3 (intra+positional +swing)
Second week just covered loss and increased capital
Third week was not bad
Last week was just awesome turned and finished the series in good note
May series trading reminding the words of Jesse Livermore’s
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
"There is only one side of the market and that is not the bull side or bear side, but right side"
First week loss in all 3 (intra+positional +swing)
Second week just covered loss and increased capital
Third week was not bad
Last week was just awesome turned and finished the series in good note
May series trading reminding the words of Jesse Livermore’s
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
"There is only one side of the market and that is not the bull side or bear side, but right side"
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