Technical Analysis and Trading.....Anyone? | Page 2 | FerrariChat

Technical Analysis and Trading.....Anyone?

Discussion in 'Other Off Topic Forum' started by JSinNOLA, Feb 4, 2004.

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  1. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,345
    Denver, CO
    I guess people ignored the G7's plea to have less volatile market conditions...LOL

    Anyway, today I picked up and started reading, among scores of other books, Soros' "The Alchemy of Finance".

    It looks very interesting. Anyone like this book or his views?
     
  2. F550kid

    F550kid Karting

    Nov 2, 2003
    234
    uk
    Full Name:
    zak
    Anyway, today I picked up and started reading, among scores of other books, Soros' "The Alchemy of Finance".

    It looks very interesting. Anyone like this book or his views?[/QUOTE]


    Its a good book,
    what i found interesting was that the process of writing his thoughts down about the markets and how the dynamics were changing forced him to confront his actual positions as the events changed. It corresponded with a massive improvement in his profit performance.
     
  3. Ryan S.

    Ryan S. Two Time F1 World Champ
    Silver Subscribed

    Mar 20, 2004
    29,094
    Warren Buffett.
     
  4. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,345
    Denver, CO
    Concise reponse eh? Lol

    For those who are interested I am starting a real money account sometime in the next 3 weeks. I will be very interested seeing if I can keep my emotional detatchment mindset going when the real $$$ is on the line. Let's hope so!

    My first goal is to make 25 tics per day trading NY hours from 7am-noon.
     
  5. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,345
    Denver, CO
    Bubbles

    A lot of our trading has to do with moving averages. If traded correctly a lot of money was available that day...
     
  6. tonyh

    tonyh F1 World Champ
    Lifetime Rossa Owner

    Dec 23, 2002
    14,372
    S W London
    Full Name:
    Tony H
    Good luck...let's hope they're aren't too many more Non Farm Payrolls like lst Fri!
     
  7. JSinNOLA

    JSinNOLA Two Time F1 World Champ
    Sponsor Lifetime Rossa Owner

    Mar 18, 2002
    20,345
    Denver, CO
    While I did not trade the number, you might find it to be pretty amazing that of the 25 people in my class who DID trade the number, only 1 person was long EURUSD.

    Everyone else made an absolute killing.


    I was told today by my professor that I was ACCEPTED to work with her this summer as an intern trading real money! 5 or 6 other classmates will also be doing the same. We are trying to setup having CNBC do a story on us and the professor's internship fund. Hopefully we do well and get some nice exposure.

    I am quite elated at the moment:D
     
  8. androza

    androza Karting

    Nov 4, 2003
    86
    Anyone have any books good books for futures trading? Futures fascinate me, and I want to know more about how they work, etc etc.
     
  9. cohiba_man

    cohiba_man Formula Junior

    Jan 23, 2003
    937
    Canada
    Full Name:
    John
    Anything John Murphy
     
  10. TimN88

    TimN88 F1 Veteran

    Jun 12, 2001
    5,054
    Northeast
    Full Name:
    Tim
    I have a quick question about tech analysis and ETF's. Does it apply to them? I dabble in pennies (and have been doing well so far, but it takes up a decent chunk of time) but most of my money is in blue chips. Recently ive been thinking about mutual funds and ETF's. I was looking at the nasdaq 100 and correct me if im wrong, but it looks like it should come down a bit based on the charts.
     

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