Anticipatory v/s Reactionary Trading

Saint · #21 15th April 2008, 10:27 AM

Quote:

Originally Posted by jamit_05

So, you mean that if you are "combinationing" then you are not really as sure as when you are reacting. Therefore, you prefer to have a tighter stop. This is what you did for your recent entry in GMR Infra?

Amit.

Amit,will answer in the other thread......don't want to upset the flow of this thread.

Saint

trader111 · #22 15th April 2008, 05:27 PM

Quote:

Originally Posted by uasish

trader111,

Now with this explanation i can somehow understand your threads Logic,becoz till now my understanding is ,i dont anticipate but Only react but here you mean that anticipation urges me to be ready with a contingent plan.Plz correct me if i have misunderstood.

Asish

Ashishda, for some it is about a contingent plan, while for others it may be a reason to plunge. Jesse Levermore talks about them often in his 'Reminisence of a Stock Operator'. I read interviews (and met as well) of many traders, and have an idea that most advocate following one's hunches after a certain level of experience.

Actually I want to add more but let us move gradually, without jumping into conclusions.

trader111 · #23 15th April 2008, 05:30 PM

Quote:

Originally Posted by Saint

Amit,will answer in the other thread......don't want to upset the flow of this thread.

Saint, I notice that ryt from ur first few posts, ur discussions were about real trading. Your posts can only help with the flow. Please also bear kindly with my occasional questions, as they shall come

uasish · #24 15th April 2008, 06:43 PM

Quote:

Originally Posted by trader111

Ashishda, for some it is about a contingent plan, while for others it may be a reason to plunge. Jesse Levermore talks about them often in his 'Reminisence of a Stock Operator'. I read interviews (and met as well) of many traders, and have an idea that most advocate following one's hunches after a certain level of experience.

Actually I want to add more but let us move gradually, without jumping into conclusions.

trader111,

I have lost Huge money in Anticipating,well there are Gr8 Gr8 traders who could play on Hunches,you me & most of our members are simply mediocore or are just conform to standard ;in respect to playing smaller time frame & in Bull mkt everybody makes Money,plz refrain from Hopes / Hunches ,it will be beneficial for our financial health in the long run.More over we Trade a Set - Up ,we dont trade Hunches.

Asish

trader111 · #25 15th April 2008, 06:56 PM

Ashishda,

nothing like refraining, I have been day trading for gud time now, and any ways i trade US markets which haven't seen a typical bull rally/ bear sell for long time now. oops 3 minutes to market open... i'll continue later.

uasish · #26 15th April 2008, 07:02 PM

trader111,

At least you are Gr8 & far better than me,as most of our members are not upto your caliber & it is never scientific to trade on Hunches hence plz refrain from advocating the same.

Asish

kkseal · #27 15th April 2008, 08:18 PM

'A set of If-then scenarios' is to me the best definition of Anticipation - only i'd additionally try to figure out which one is the most likely scenario. The actual trade however still has to be based on some signal - anticipation can only help cutting down on the reaction time (that too if what has been the most likely scenario in my assessment translates into reality* - for all other cases i'd want to be more certain).

Regards,
Kalyan.

* as conveyed by the signal

trader111 · #28 15th April 2008, 08:29 PM

OK, back now.

Quote:

Originally Posted by uasish

trader111,
I have lost Huge money in Anticipating

If my words do not suffice, read over CV's various posts where he emphasizes that lack of knowledge is the reason for traders to loose money. I lost too when I started trading but that was not because of some psycho thing but rather that I lacked understanding of market action.

Quote:

well there are Gr8 Gr8 traders who could play on Hunches

I never really heard about a gr8 trader who could play only on hunches. In my understanding all gr8 traders emphasized having a system- a plan of action.

Quote:

you me & most of our members are simply mediocore or are just conform to standard

what standard and what's not may be noted. As an analogy I account 80% of my profits to tape reading skills. Tape reading is quite standard for NYSE daytraders. I personally know many traders who trade NSE by the tape, may there are some here too:
http://www.traderji.com/equities/121...html#post84035
but they shy away from posting frequently for technical claims/forecasting in various threads.

Quote:

in respect to playing smaller time frame & in Bull mkt everybody makes Money,

such type of daytraders fail to survive more that few months.

Quote:

plz refrain from Hopes / Hunches ,it will be beneficial for our financial health in the long run.

never heard of anyone trading on hopes.

Quote:

More over we Trade a Set - Up ,we dont trade Hunches.

I too trade a setup, and I know when to play my hunches, though you dont include me in we. I trade moreover in anticipation when I follow the trend, in the anticipation that the trend will continue.

Quote:

Originally Posted by uasish

At least you are Gr8 & far better than me,as most of our members are not upto your caliber

seriously Sir, can't understand even a bit of that

Quote:

& it is never scientific to trade on Hunches hence plz refrain from advocating the same.

my apologies if I had been advocating on trading on hunches.

trader111 · #29 15th April 2008, 08:31 PM

Quote:

Originally Posted by kkseal

'A set of If-then scenarios' is to me the best definition of Anticipation - only i'd additionally try to figure out which one is the most likely scenario. The actual trade however still has to be based on some signal - anticipation can only help cutting down on the reaction time (that too if what has been the most likely scenario in my assessment translates into reality* - for all other cases i'd want to be more certain).

Regards,
Kalyan.

* as conveyed by the signal

thank you for that. applies much for me too

uasish · #30 15th April 2008, 10:45 PM

Quote:

Originally Posted by trader111

OK, back now.

If my words do not suffice, read over CV's various posts where he emphasizes that lack of knowledge is the reason for traders to loose money. I lost too when I started trading but that was not because of some psycho thing but rather that I lacked understanding of market action.

I never really heard about a gr8 trader who could play only on hunches. In my understanding all gr8 traders emphasized having a system- a plan of action.

what standard and what's not may be noted. As an analogy I account 80% of my profits to tape reading skills. Tape reading is quite standard for NYSE daytraders. I personally know many traders who trade NSE by the tape, may there are some here too:
http://www.traderji.com/equities/121...html#post84035
but they shy away from posting frequently for technical claims/forecasting in various threads.

such type of daytraders fail to survive more that few months.

never heard of anyone trading on hopes.

I too trade a setup, and I know when to play my hunches, though you dont include me in we. I trade moreover in anticipation when I follow the trend, in the anticipation that the trend will continue.

seriously Sir, can't understand even a bit of that

my apologies if I had been advocating on trading on hunches.

Your this statement :=
" my apologies if I had been advocating on trading on hunches"
suffices that you are not advocating trading on Hunches,probably you have understood the intention of my post.

View Poll Results: Is trading your primary source of income? If yes, which style do you follow?
Anticipatory Trading	5	38.46%
Reactionary Trading	8	61.54%
Voters: 13. You may not vote on this poll