Thursday, 8 October 2009

Trades 08/Oct/2009

Watched market for an hour or so. Nothing set up that convinced me to trade, so called it a day and went to play some golf. Hope you had a good day.

9 comments:

andi said...

hey traderam,,why don't you set uo tweeter w/ your buys in real time..this will help you and us as well as you seem to be doing rather well

TraderAm said...

andi.

I'm glad you asked this question.

I will answer it with a question initially: How will it help me specifically ?

Other parts to my answer, all in my opinion of course:

A person will not become a good trader by following other peoples signals. You have to have your own views and go thru your own methodology in order to become successful.

As far as I can gather tweeter is a online realtime type of chat system. So as well as scanning looking at market and stocks for setups I have to be typing stuff in twitter and other people will type in their views etc. I would lose my focus, too many distractions etc.

The fact that I have a couple of good days doesn't mean squat. The last few months when I have barely been breaking even, no seemed too bothered about twitter :)

By all means correct me if I am "wrong" in any of my assumptions above.

GD said...

I agree with you TradedAm! To make a good trade, be an "isolationist", as successful traders do!

bl said...

Right arm TrAM. What' the point...what it you quit tomarrow, then what. I just look at what you do and it's great! A day like today better off with a premkt or current or group WL or ETF's. wynn lvs mgm rig eog apa su eca cnq wlt tck btu....

greytrader said...

I tweet most of my trades and there are a lot of profitable people out there who tweet theirs. If I have time, I will tweet what I am looking at before entry but sometimes I only get to post a trade after it is closed.
I do not think it helps my trading, but it certainly does not hurt it. I do not believe somebody can be profitable by just shadowing somebody else. You have to figure out your own style. Why tweet ? For the same reasons people blog.

Tom T. said...

I have agonized giving my own opinions in tweets about setups I am finding in real time because what if the setup fails or goes south - if people pulled the trigger on what I said or did I would feel responsible for their loss and they would probably not view me too kindly - I think twitter is interesting if the participants aren't going to rely or let your comments influence their trading - is that possible? I don't think so.

TraderAm said...

Thanks for all the comments. Some interesting views there.

OONR7 said...

twitter is for lonely traders :)

However, Twitter isn't like a chatroom and I can post when I want without a lot of people commenting back and forth.

Bottomline - you're not missing anything.

Anonymous said...

Today's world is full of distractions. As a general rule, successful people avoid distractions.