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yes. to see the bluffing, it requires level II nasdaq. basically, you get really instinctive at where things should be going, in the head of the top two market makers,say. as you try to trade, you get shaken off your deserved profit, because they are constantly changing strategy on you..it tends to make you doubt your conviction, ...so much so that you decide you made a mistake, so you reverse your position, and almost as soon as you do, the really good market makers have reclaimed the strategy you originally had..by doing this, they SHAKE YOU OFF as they go about where they want to go. by making these kinds of mistakes, you get very quickly, better and better at out waiting them. it becomes a real kick when you get to that point. btw, not to make this overly drawn out, i highly recommend an interview which i read yesterday, in the lastest issue of forbes (i'm sorry, i don't have it with me at the moment) in which a man 80 years is interviewed about his life's thinking in the field of pattern recognition. only by viewing many aspects of the market in real time charts, does the brain really develop the right instincts. he even talks specifically about how you flex your pattern responses, until suddenly there is a flash which seems to come from nowhere. this flash is what gives the mm pros sitting there trading against you with their computer adjusted options hedges, the instincts to bluff in trading. and of course, what a killer application even for the small shareholder, to learn the very instincts of these pro traders. yes, the level II screens, PLUS the charts GIVE you the proper visual stimulation. if we all did this once in a while, (i don't do it every day now) it actually keeps even the large market makers in line. for example, i many times give mash 10000 shares at just the right time, with a limit which does give them much room at all; it has been extremely satisfying to me to even have gotten to that point. sorry for the long response, but it really peevs me to take an overly academic approach to investment, or to follow on faith, even the leaders of this thread. its absolutely no fun for me to be complacent, expecially when this killer application would make even the beginner really understand some of the "secrets" of the market makers, and by graphically studying the movement of important high volume options contracts in real time, versus the real time movement of dell and related stocks, you really put your brain in full gear and end up with truly money making instincts. this stock is now (and will quickly become more of) the very best trading stock on any exchange, for me. i also have some theories as to why the volume is so high certain days, which i won't go into right now. as i constantly repeat, leadership is fine, either of dell or the thread, but much more can be done by an active investor, that is now being done. i shouldn't have to know how to use shareware, or be a programmer, or have much money, or have an mba, to learn the basics of dell, and build a nice position, in a company which is doing a rare kind of honest work in the WORLD, with probably the most ethical employees and shareholders, of any company of anywhere this size in the world. the weak link, in my eyes, is to really open up the information, for free--to the options game. start trading the stock; actively TRADING the stock. then, and with the right data bases, one can use options only when its expecially advantageous to do so. imo its wrong to do options, before implanting trading patterns into the brain. trading the stock teaches you that fewer and fewer trades make you just as much money; then you CARRY THAT DISCIPLINE over to the world of options. thanks for the chance to say this. |
