Markets Don’t Fit Your Trading Style? Engage with Better Odds of Winning
Markets Don’t Fit Your Trading Style? Engage with Better Odds of Winning
Jul 23, 2008
Our audience for the blog consists mainly of potential customers, returning customers, and existing subscribers. Really informed traders come here for market insight and working strategies that we model in a category of posts called, Strategy Sessions. A lot of product information and other nuggets appear here on the blog first.
Occasionally however we actually communicate to our existing subscribers with an email.
A Letter to our Existing Customers About The OddsMaker
Read the letter below that our Senior Managing Partner, Dan Mirkin, penned and watch a recent video of the tool in action (you can also check out the more ‘action’ vids on our Facebook page). If you can’t see directly how The OddsMaker will save you hours and provide you a new trading edge, then I’ll figure out how to condense the same message onto a wet T-shirt contest to get your attention. I’m open to slogan suggestions.
Fellow Trader,
You can beat today’s market. You just need the right tools. How long would it take you to look at 3 weeks worth of trading data on every single stock out there to see if there are any real patterns that can be traded to an advantage? What if I said 2 minutes!
What Einstein and The Untouchables Say About Trading
Don’t bring a knife to a gun fight, said Sean Connery in a line from ‘The Untouchables’. Yet that is exactly what most investors and traders are doing. The institutions employ very sophisticated camouflage to make their buying and selling look as random as possible. In general, individual investors tend to make their decisions somewhat arbitrarily. Traders spend hours upon hours poring over candlestick charts looking to find that magic pattern that will make them money. Albert Einstein once said “The definition of insanity is doing the same thing over and over again and expecting different results.” Does this quote applies to the way you trade?
The human brain and eyes are built for generalization. You drive in the desert and look forward and it looks like there is water ahead because your eyes are being fooled, the water is a mirage. In the market your eyes are being fooled by chart patterns. We know this because we crunch the numbers, a lot of numbers. It takes a lot of data crunching to find the tells of the market. We have the tools that can show you when a tell is present.
A Pair of 5s Won’t Cut it – Engage with Better Odds of WinningThink of this great lyric from Kenny Rogers as it applies to today’s trading environment. “You got know when to hold ‘em, know when to fold ‘em, know when to walk away, and know when to run.” If the market was a poker table, many traders would find themselves going all in on a pair of fives over and over again. Stop it.
The OddsMaker™, like a Poker odds calculator, looks at all the stocks throughout the trading day. It archives a continuous run of trading data for 3 weeks and allows our customers to see exactly what is or is not working in the market right now. You can answer the following questions in minutes.
- What would happen if I bought a stock between 5 and 20 dollars when it made a new high on very heavy volume and held it the whole day?
- What kind of stop loss should I use to keep my profits?
- Should I focus on going Long or Short?
If you are interested in getting more out of your trading and want a private one on one demonstration of the OddsMaker™ we would be happy to set you up with a complimentary training session at your convenience.
Best regards,
Dan Mirkin
Senior Managing Partner
Trade Ideas LLC