Discussion of article "Interview with Dr. Alexander Elder: "I want to be a psychiatrist in the market"" - page 6
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Spear, tribe, chief or teacher? I don't understand, colleague.
And comparing Alexander with a tribal leader seems to me not very correct from your side.
You're trolling, colleague, you've got it all figured out,
the chief, the spear are all symbols of having a certain thing that others don't have.
The teacher and the doppelgangers, that's Elder and us.
The teacher and the dweebs, that's Elder and us.
If you've learnt something, great.
But to get all worked up over an interview.
Yeah, it's an interesting interview with a very interesting man. Not without adverts :) . But nothing more.
The banter wasn't mean, I don't know why it got you so wound up.
If you've learnt something, great.
But getting worked up over an interview...
Yeah, an interesting interview with a very interesting person. Not without adverts :) . But nothing more.
The banter was not malicious, I don't understand why it (banter) got you so much.
I am not a bit touched by banter. Have fun whoever you want.
I just wanted to turn the discussion in another direction, but I guess it was not to be.
SafeZone предназначен для вычисления уровней для установки ордеров Stop Loss. Поставишь Stop-Loss далеко — никакой защиты, а поставишь его очень близко — поймаешь рыночный шум. Если средний выход за пределы предыдущего бара, например, равен 5 центам, а трейдер ставит стоп на 3 цента ниже предыдущей нижней точки, то он просто напрашивается на неприятности, т.к. ставит свой стоп в зоне совершенно нормальной волатильности. SafeZone показывает, где заканчивается зона нормального шума, т.е. он показывает границу, внутри которой не стоит ставить стоп, нужно ставить его немножко дальше. Естественно, это все оказывается завязано на проблему управления рисками. Чем ближе стоп - тем больше можем взять позицию. Допустим, человек говорит "Я на этой сделке буду рисковать суммой в 500 долларов". Допустим, он покупает акцию, и его защитный стоп стоит в 50 центах от входной цены - значит, он может купить 1000 акций. Если он ставит защитный стоп в долларе от цены, то он может купить только 500 акций. Таким образом, установка защитного стопа очень сильно связана с контролем над риском.
That's rubbish! There is no correlation between risk management and stop position.
That's rubbish! There is no correlation between risk management and stop position.
If you have the right attitude to stop positioning, and not just threw it wherever you want, it is.
How should a stop be placed? There can be many variants, but the main idea is that a stop should be placed in the area with minimal probability of reaching it.
Hence, the lower the calculated stop, the more confident the trader is in the correctness of the chosen direction. And since it is so, more funds can be attracted to the position. And vice versa, the larger the stop, the higher the uncertainty and the smaller lot should be opened.
That's rubbish! There is no correlation between risk management and stop position.
I totally agree with you, colleague. I'll tell you in confidence, I observed the following picture while reading this interview at breakfast.
And when I finished dinner in the evening, the picture in the interview changed, see for yourself.
No, I hadn't been drinking.
In the second picture, he looks rested and refreshed.
I have the impression that the doctor of trading and psychology is conducting an experiment on us.
And I wouldn't be surprised if tomorrow, he'll be upside down and the Spike sign will be back in order.
That's rubbish! There is no relationship between risk management and stop position.
There is no relationship between risk management and stop position in the highlighted phrase or no relationship at all? ))
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The article describes fairly simple methods. Some of them or similar ones I have tested once before. In fact, I came to the conclusion that there is no particular advantage between these or those methods. It is rather necessary to make some selection of methods that are well hedged and diversified. And, of course, to find these interrelations between all of them and to set them up correctly. All this is a very interesting puzzle))).
The main thing is that Elder, exclusively for himself, defined the correct and rational grain - psychology of trading, following the rules...And TS, as usual, is a small part of success.
"The hardest thing is to be out of the market."
0_0 The author's comments about changing the original "wrong" picture to the "right" one in the article, would be very appropriate :)
P.S.: I'm reading the topic and for some reason I remembered the song
Dear Transmission! On Saturday almost crying,
The whole Kanatchikova Dacha was rushing to the TV set.
Instead of eating, washing, injecting and forgetting,
The whole crazy hospital gathered around the screen.
Vladimir Vysotsky - Letter to the Editor