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tracking big traders


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tracking big traders

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  #1 (permalink)
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 665 since Mar 2012
Thanks: 154 given, 392 received

my e-mail is starting to fill up with offers to sell some new kind of software to track the big traders and the small ones too.i trade the es.how important is it to track these traders? if it is important what is the best way to get the job done quick and easy? thanks randall

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  #3 (permalink)
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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forgiven View Post
my e-mail is starting to fill up with offers to sell some new kind of software to track the big traders and the small ones too.i trade the es.how important is it to track these traders? if it is important what is the best way to get the job done quick and easy? thanks randall

Welcome to the world of "Retail Trader wholeasle" Everybody has the latest & bestest product so "You" can make a "killing"

These people cant make $$ trading so they make $$$ saling u "stuff" & after awhile u will find out that u need one more thing & then one more thing and "finaly" what u've been missing all along!! That pracious one more item...lets call it.."One more thing"

Do your self a favor..dont buy it..Every person saling something offers free stuff to entice u so "TAKE" the free stuff...be a taker.. u can learn alot just from the free stuff..free seminars..free trial..even the rooms where u do pay..most likely u wont improve ur skills..it will be a waste of time & $$..give ur $ to the market and really learn.

Heres my advise dude...

Sit ur ass in front of the computer "SHUT OFF UR F'King Email & Stop searching the web" at least until ur done watching price action. If u were @ work u wouldnt be emailing & searching the web? Only way u will get good at trading is to practice practice practice no distractions...Zero in on 2 time frames simutanesly..a 3rd very larger one to peak at...and get to kno PA (price action) dont complicate ur chart w/ a bunch of indicators..use 1 w/ some ma's if any at all..

Email this guy & ask for information concerning "Bear Market Bull Dog" Mark" <mark@Renegadetrader.com

Over a yr ago I got mostly all of it for free to the build up to buy it which I did, well worth it..cost me $97..u may get all the free stuff that I did prior to buying it...teaches u all the critical stuff to kno, very basics to everything.

This guy Mark has good products & not expensive, plus gives u 90% of it for free..and He trades too..Ive been on the ph w/ him while he was trading..I say "He trades too" cuz most people dont, they just sell shit. & alot of people who run trade rooms make u think they trade when they actually dont..they make $$ by subscriptional members.

I rambled on..sorry about that..I just see u going down the same path that I took & it leads nowhere..take my advise & save some time...crack the books, dont pay too much..use free stuff..only u have the answers inside u.

Study pa daily..be a watcher..who cares if u blow it up in sim? thats why u got reset.
Mark" <mark@Renegadetrader.com
Mark" <mark@Renegadetrader.com m a r k @ r e n e g a d e t r a d e r . c o m small r, not capital

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  #4 (permalink)
Near Vancouver BC CANADA
 
Experience: Intermediate
Platform: NinjaTrader -- IB
Trading: Futures
 
cme4pif's Avatar
 
Posts: 32 since Mar 2011
Thanks: 28 given, 57 received

The answer is, you first need to figure out what your trading style is. Don't mix styles that is always a disaster.
For example, I now follow the idea that “it’s all in the chart” so if someone big is moving the market that shows in the chart so ignore everything news wise. However, I did trade at one time day trade with a bunch of guys who listened to a service called trader audio (|| Welcome to Traders Audio ||) and you could hear the big boys make a bid in the pit on the full size SandP and sure enough the market would turn. Almost every time the commentator would mention the Goldman was buying, you could just feel the whole thing turn. It was exciting, a bit like going to the racetrack or an auction.

On the slower time frame there is also a whole industry trying to figure out what the big fish like Paulson is doing long term. CNBC calls it Whale watching. But hey those big guys make some big mistakes, and they often cannot play the same things we can just due to their massive size. For example I am in love with a mid size stock that is an expanding national chain, but if Buffet went in there they could buy the whole float in minutes and it would not even make a foot note in the BH annual report.

I think most traders come to the same idea as Jesse Livermore, who "always played a lone hand". Frankly if all you are going to do is buy what the big boys are buying, just get a mutual fund or join a hedge fund and save yourself the aggravation.

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Last Updated on March 16, 2012


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