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Message: Lurkers come out and give us ideas, please.

Well I must confess that I'm a lurker but I did answer Chilbear regarding his LOGO.

I haven't been doing much trading because all my gold stocks are down so it was getting boring sooooo

I started following this guy called Trading with TK. For the first 20 tips he was bang on, I'd say 95% correct So guess what, I tried his next two tips and lost on both. I now have his last two which are LONG plays so we'll see what happens with them.

Anyone else follow him??? G

Yes, very closely. The approach is solid if you have the self-discipline. You have to set stops so the market takes you out right away if you're wrong. That's what happened with the ones you lost on. The market turned. Notice how quickly he shifted from short to long though? That's what you call listening to the market. Very few people do that. Most have some sort of opinion on where the market ought to go. TK lets the market tell him where IT wants to go, then he follows. This involves being wrong at the turns. You can't avoid this - it's part of the discipline. The market trends more than it turns though, so you net out at a profit, IF you follow the discipline.

I also like the fact that he uses price only and doesn't mess things up with volume, moving averages and other superflourous crap. This is pure trading - old school. You don't see that very often.

ebear

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