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Mystery Man Moving Japan Made More Than 1 Million Trades
Posted: Fri Jul 03, 2015 2:53 pm
by TheRumpledOne
Re: Mystery Man Moving Japan Made More Than 1 Million Trades
Posted: Fri Jul 03, 2015 3:36 pm
by Goonslinger
"For him, a well-played stop-loss is just about the most beautiful trade there is."
"He found success after a friend gave him a piece of advice: Forget the fundamentals. CIS doesn’t subscribe to the Nikkei or any other newspaper. Nor does he scrutinize earnings reports or parse central bank statements or spend much time looking at moving averages or other price chart patterns normally associated with technical trading."
"One Rule
Instead, he keeps his ears open in chat rooms and his eyes glued to bid-ask screens, on which he monitors the market’s appetite for its 300 most heavily traded stocks. If there’s one basic principle, he says—repeatedly and slowly, as if instructing a child—it is this: “Buy stocks that are being bought, and sell stocks that are being sold.”"
Re: Mystery Man Moving Japan Made More Than 1 Million Trades
Posted: Sun Jul 05, 2015 1:01 am
by forexjpn
TheRumpledOne wrote:http://www.bloomberg.com/news/articles/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades?utm_content=bufferc8e8d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
I know what you guys are all thinking, but no that's not me....
Re: Mystery Man Moving Japan Made More Than 1 Million Trades
Posted: Sun Jul 05, 2015 2:51 pm
by volnmar
“Buy stocks that are being bought, and sell stocks that are being sold.”
I have read about this guy few months ago
How can you see which are bought or sold right now at this moment?
This is what I think right now:
If people buy price goes up, and vice versa, If I understand it right, only thing you need is some reference price on chart, rest you see with eyes
Like TRO wrote "HOW WOULD ALBERT EINSTEIN TRADE?" no matter where on chart you start /place that line... if it goes in your direction, from this line - you make money, until it comes back to that line, that is then the last price for you to liquidate and open in oposite direction
Some others ideas how could that guy mean it?
Re: Mystery Man Moving Japan Made More Than 1 Million Trades
Posted: Sun Jul 05, 2015 7:35 pm
by TheRumpledOne
I think the takeaway is NOT to look for a reversal. In other words, don't think, "Price is going to stall out and I will catch the reversal." That leads to losses way too many times.
Instead, go with the flow. If the hourly/daily/weekly candle colors all match, that is the "momentum" and direction to trade. Those are the "easy" trades. "Be the leaf".
Picking the reversal against the daily/weekly candle colors is the "hard" trade.
It is easy and simple to see all this in hindsight. Seeing it in the "now" takes discipline.
Also, he moves on to the next trade and forgets about the past. Once again, discipline.