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Strategies & Market Trends : Trader J's Inner Circle
NVDA 180.19+1.3%Nov 26 3:59 PM EST
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To: Trader J who wrote (528)11/13/1998 5:43:00 PM
From: Mike McFarland  Read Replies (2) of 56535
 
That is a good point...the level of noise on
SI is a difficult thing to deal with. What one
ends up doing after a while is bookmarking only
a handful of subjects (e.g. the stock you own)
and a couple of trading threads, such as yours.
Naturally you worry about missing out on ideas
in the sector in which you trade, but hopefully
monitoring a few of the experts posts and doing
keywords searches keeps the tunnelvision in check.

Maybe a better way to trade would be to have
a core group of buddies, meet on on irc or set
up something like ICQ or aol instant messenger,
and keep in touch during the trading session. Then
for propaganda purposes, you set up a thread on
SI and seed misc threads with your ideas...probably
a lot of that goes on already...you probably know
which threads have the worst offenders. Of course
we all have to try and keep the urge to pump and
dump in control, it just a real lousy thing to do
to the other folks on SI, it is sort of a club
atmosphere here.

A final alternative to dealing with the noise on SI
is to slow down trading, increase the time scale on which
you trade from hours to days...or from days to weeks
etc. As of yet I've not heard anybody give a convincing
argument that it really matters on what time scale a
person trades...it simply being a function of resources,
energy and skill, and of not overestimating how much of
those things you have.

Any thoughts? (I could be completely full of crap)

--MM
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