I am sick of these fake mentors

Discussion in 'Psychology' started by marketsurfer, Jun 11, 2015.

  1. J_Smith

    J_Smith

    It is only fake if you are stupid enough to believe what others say!

    The reality is there to see, all you had to do was place a few trades yesterday and watch your P&L in front of you - get out when it is green and you make money - out when red you lose.

    Nothing fake about that, providing you are trading a live account, which of course is a big difference to trading a sim account!

    Reality is what you make it yourself, and to succeed in the high risk endeavour of trading. one should fully understand what risking money means, and again, use maths, as maths were developed for a reason!
     
    #171     Aug 29, 2015
    Mtrader likes this.
  2. Mtrader

    Mtrader

    Unfortunately math covers a very wide range of things. You should find your way in the math labyrinth.
     
    #172     Aug 29, 2015
  3. J_Smith

    J_Smith

    USE EXCEL :)

    DO U NOTICE ANYTHING?

    [​IMG]

    I think some of this is all that is needed, and maybe a small bit more - keep it simple like your trading!





     
    Last edited: Aug 29, 2015
    #173     Aug 29, 2015
  4. Mtrader

    Mtrader

    #174     Aug 29, 2015
  5. J_Smith

    J_Smith

    Quite simple really, as the goal is not to try and predict market direction with the maths, but to stop us from losing too much of our trading capital during one single trade.

    Everyone knows there is 100 pennies in a pound at the moment, so that is a very good starting point.

    Time for lunch, today i am having a section of a cow's stomach, and if you think I am joking I am not - but like trading, if you don't prepare it correctly you will more than likely feel very sick after it :)
     
    #175     Aug 29, 2015
  6. J_Smith

    J_Smith

    Sticking to the thread topic, some years ago - 2003 if my memory is correct - during my "silly" stage, I gave a chap by the name if Ken Calhoun around $400 for access to his so called "trading room" for around 3 to 4 months I think - left after bout 2 weeks and kicked myself in the ass AGAIN !

    You could see the other names in the room, but he would not allow people talk to each other, only to him direct, and he would answer when he had time.

    Also around that time, as I was in throw away money mode, I purchased an marketing training course from some US fellow, Rudy something or other, and when on his site what do you think I came across but a write up about a past member who makes over $300k a year from marketing his trading courses on his principles!

    Who do you think this person was - I gave myself one big kick up the arse and thought back to when I heard him say in the room - "this trade is for pro's only"..arghhhhhh

    Pro's my arse - I can tell you now after many years of losing and winning, and losing way too much at times, they know SFA about how to really make money - they are but pick and shovel sellers!

    There is but one person I know of that has a trading course that is worthy of what he charges, but, of all the people who have used it. I am only aware of one person who could understand the methods, and more importantly use them, as it appears simple but is actually complicated - how do I know - well I traded with this person and he done trades that I could not believe to be so accurate.

    So, having been with the dopes and the real "pro's", all I can say id that if someone wants to make money trading, then burn into your thick brain that Trading is Math, It is not Magic.

    J_S
     
    #176     Aug 29, 2015
  7. J_Smith

    J_Smith

    Here is something that if you are smart enough to work out will help you make money trading, and it won't cost you a penny, but don't ask me direct as I will never tell the answer then - must be the cow's stomach lunch, boy I really enjoyed that :)

    Learn what a BOB is on a chart and it will save you a good bit - when you khow what it is and understand you will then see how it can save you money.

    J_S
     
    #177     Aug 29, 2015
  8. J_Smith

    J_Smith

    Oh yeh, I forgot to mention, you will not see Mr Hawaii mention a BOB, he would probably think it means Buy On Breakout, which is what most of his "pro" trading crap is about..lol
     
    #178     Aug 29, 2015
  9. qxr1011

    qxr1011

    nice spiel... :)
     
    #179     Aug 29, 2015
  10. J_Smith

    J_Smith

    Thank you Q11.

    Do you think I should join the dopes, as I know enough to pull the wool over their eyes and fill them with stuff they want to hear.

    How much do you think I should charge?

    How about I charge no money unless the "student" makes money - does that sound ok or am I shooting myself in rhe foot!

    J_S
     
    #180     Aug 29, 2015