Hi Yuki,
I like to jump onto new things and try picking up as I go along. I
know of a paper trader who's been paper-trading for two years now; I'm
the opposite from such a stance.
I think you brought up a valid point in that investors like me should
hide in the crowd and not stand out. I will definitely explore the
dollar-volume approach and filter out low-liquid stocks.(I've been
increasing my minimum volume thereby increasing the dollar-volume but
I am still far from 10-million dv you proposed.)
Thank you again for your great advice.
intermilan04
--- In amibroker@yahoogroups.com, Yuki Taga <[EMAIL PROTECTED]> wrote:
>
> Hi intermilan04,
>
> It's not a race. Relax, be patient, and you will see how the game
> works. The game is an exquisite balance of disciplined patience,
> patience to the point of boredom and beyond, and the need to
> instantly recognize when it's time, finally, to not be patient
> another minute.
>
> The boredom should outweigh the action, by far.
>
> As for money running out before you learn ... there is always paper
> trading. It has its obvious drawbacks however (too easy to pull the
> trigger; too difficult to experience the genuine psychological agony
> of a mistake that is really impacting your bottom line), but losing
> money is not one of them.
>
> Just remember, you are the prey -- not just when you are new at the
> game, but almost always and forever. Do something visible -- I mean
> make a big splash -- and I guarantee the piranha, the sharks, the
> T-Rex's and the like, will immediately notice you, and zero in on you
> like you are diner. These are smart weapons with a very, very low
> failure rate. You don't want to be spotted by one of them.
>
> Good luck,
>
> Yuki
>
> Thursday, August 31, 2006, 12:48:36 PM, you wrote:
>
> i> Yuki,
>
> i> I'm not disagreeing with you that I shouldn't be trading in such a
> i> market. I'm already implementing measures so I can avoid them in
> the
> i> future.
>
> i> It's live&learn. The race is on...one's money running out before
> one
> i> can learn, or otherwise :-)
>
> i> --- In amibroker@yahoogroups.com, Yuki Taga <yukitaga@> wrote:
> >>
> >> Hi intermilan04,
> >>
> >> Thursday, August 31, 2006, 11:57:29 AM, you wrote:
> >>
> >> i> Hi Yuki,
> >>
> >> i> There are stocks, low-cap stocks where 900 shares buy order
> >> overnight
> >> i> is actually huge. I'm not saying 100% that my stock of today was
> >> i> indeed the case...I do have a reason to believe it was, but it's
> >> hard
> >> i> to convince others without naming the ticker.
> >>
> >> Believe me, no one cares about the ticker. ^_^ You should not be
> >> trading in such a market. The fact that this discussion is taking
> >> place makes that painfully obvious. I'm sorry.
> >>
> >> Think of it this way: You are going to make bad trades. (Everyone
> >> does, of course.) When you recognize you have made a bad trade, you
> >> are going to want to get out. Right then.
> >>
> >> If you were pretty much the only buyer when you went in, I can assure
> >> you that you will pretty much be the only seller when you want to get
> >> out. You will get skinned both ways.
> >>
> >> i> Now, I am already working toward avoiding those because I
> >> obviously do
> >> i> not want my order to cause a gap-up in the morning. Simple
> >> approach
> >> i> is to buy more expensive stocks, and/or to buy stocks with higher
> >> volume.
> >>
> >> Volume has nothing to do with it. Money is what we count, and we
> >> count it as daily volume times currency unit. That is either a
> >> significant number, which means a very large lake, if not an ocean,
> >> to be invisible in, or it means a swimming pool populated by you and
> >> probably several Hammerhead sharks.
> >>
> >> Where do you want to swim?
> >>
> >> Yuki
> >>
>
>
>
>
>
>
> Best,
>
> Yuki
>
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