tag:blogger.com,1999:blog-20374666.post2878798085811554324..comments2024-03-05T07:50:04.017-05:00Comments on Stockbee: Edge and ahaPradeep Bondehttp://www.blogger.com/profile/16750002566366368685noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20374666.post-10219115274928781712007-03-20T22:26:00.000-04:002007-03-20T22:26:00.000-04:00Pradeep said...Why you should not trade any of the...<I><BR/>Pradeep said...<BR/>Why you should not trade any of the ideas discussed here...<BR/></I><BR/>Then why in the world waste your time, energy and money in writing a blog religiously?gosuhttps://www.blogger.com/profile/16514697285639348328noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-13366931633342655712007-03-20T16:32:00.000-04:002007-03-20T16:32:00.000-04:00Pradeep, I mentioned this method of finding edge p...Pradeep, I mentioned this method of finding edge properly through experience. But, when I mentioned it a few weeks ago on one of your posts, you dismissed it as "craft".<BR/><BR/>IMO, the ultimate intraday edge lies in understanding *who* is in the market. Most days develop like this: institutional transactions in the first hour accompanied and followed by dumb money participating in an exaggerated move. There may or may not be more institutional participation later in the day, but there is plenty of money to be made trading alongside the institutions and fading the public when they try to fade tops that never form and buy dips that fail to form. I find the advance/decline data, CBOE volatility indexes as well as the total put:call ratios to be the most telling indicators of any.Unknownhttps://www.blogger.com/profile/07940721399571851897noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-33502087841813889482007-03-20T13:26:00.000-04:002007-03-20T13:26:00.000-04:00aha! "Line and saucer form" works? I don't even kn...aha! "Line and saucer form" works? I don't even know what it is and how it looks like...<BR/><BR/>Anyway, you're right is saying that I should not trade this idea. Before I should be convinced that I can make it work. And to be convinced, I should study it and verify that it works on past data. Only then I might want to use this idea. This is a lot of work but if it works it might be profitable.<BR/><BR/>There are many ideas out there. I can't try them all. Thus, in the absence of insight, I try the ideas of the people I find most interesting.Jameshttps://www.blogger.com/profile/12148812332636319549noreply@blogger.com