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danielc1
Registered: Aug 2002
Posts: 245 |
04-28-12 03:44 PM
I'm glad that there is some agreement with the findings allthough that the people post above have a point that it is the exits and the whole understanding of what has been said and done that makes a trading method work and not just the plain text you read in the books...
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EON Kid
Registered: May 2009
Posts: 3611 |
04-28-12 04:09 PM
Quote from danielc1:
There is a buddhims saying: Threath people as of they are more enlighted than you, only then you can learn from others. Please share your innerthoughts why you think that the statement is not correct.
I'm glad I made you laugh, carry on...
search your inner thoughts as to why 95% cannot be right or win.
It never troubles the wolf how many the sheep may be.
Virgil, Aeneid
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Lights
Registered: Sep 2003
Posts: 1147 |
04-28-12 04:28 PM
Quote from danielc1:
I find something amusing, but I'm also puzzled about it... Most things on this site is about how nothing works and that the majority of people lose their money in trading. I have seen many, many methods of trading. You know what I find out? Most of the stuff out there that is public knowledge works very well. Darvas, Gann, Krauz, Kase, Curtis, Cooper, Tharp, Douglas, Elder and so on, have shared some ideas that work.
I think that the reason why the majority of people lose their money in trading has nothing to do with trading but in why they trade. Maybe people trade to lose and not to win money. Winning money does not solve internal struggles, losing does... because it requires change. Change of words, change of thinking, change of feelings, change of being...
So it is not the method of trading that people see or use that causes losing, it is the people their innerselfs, that is causing this...
I'm wondering who share this believe on this site. Then I can put everybody else on 'ignore'
Most people who follow these systems fail because none of them talk about risk management
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blowingup2012
Registered: Mar 2012
Posts: 251 |
04-28-12 04:32 PM
Actually the method put out by Buffet and Rogers works very very very well. Basically, you wait...sit on your hands...until the opportunity is obvious. Then you move in like a shark. You hold out...hold out once more sitting on your hands until the time there is a lot of enthusiasm and you dump your shares into the enthusiasm.
When is that time to jump in and trade? For myself, that time would be when this chart gets down much much lower.
Right now, there seems to be a lot of enthusiasm in the market and its a horrible time to invest. The time to invest is when its much much lower. If you follow my sage advice, then you will make a little money or maybe even a lot of money. Just wait for this chart to come in which may take several months to over a year, but it will come in. When it does come in, do your homework first on whatever you trade or invest in. Morningstar.com has independent analysts and their subscription service is cheap for what you get. Dont invest in crap because crap can trade sideways or go bankrupt...witness American Airlines.
There are a few on the internet who claim they can trade everyday no matter the market conditions, but claims made over the internet and real brokerage/bank statements reviewed in-person are two different things. This is fantasyland where anyone can log in and tell you they made a boatload on some trade the other day. The truth is if you were to visit these people you wont find any Ferraris in the driveway and the honest plumber down the street seems to live a better lifestyle then them. Trust no one.
My greatest mistake over the last 10 years was not trusting this one chart. So right now, this chart tells me to go away or just watch and wait. This will find another reason to come down, just a matter of time.
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Mysteron
Registered: Apr 2010
Posts: 431 |
04-28-12 04:45 PM
Quote from danielc1:
I find something amusing, but I'm also puzzled about it... Most things on this site is about how nothing works and that the majority of people lose their money in trading. I have seen many, many methods of trading. You know what I find out? Most of the stuff out there that is public knowledge works very well. Darvas, Gann, Krauz, Kase, Curtis, Cooper, Tharp, Douglas, Elder and so on, have shared some ideas that work.
I think that the reason why the majority of people lose their money in trading has nothing to do with trading but in why they trade. Maybe people trade to lose and not to win money. Winning money does not solve internal struggles, losing does... because it requires change. Change of words, change of thinking, change of feelings, change of being...
So it is not the method of trading that people see or use that causes losing, it is the people their innerselfs, that is causing this...
I'm wondering who share this believe on this site. Then I can put everybody else on 'ignore'
Someone who has trading ability may well be able to use any trading process and still be profitable. But anyone with common sense should adopt a process that has obvious merit.
If someone is stupid enough to trade using crank methods of waves, fibs, moon cycles etc - then unless they have trading ability from the start they will likely fail.
The act of following any process though should at least mitigate the effects of ego, opinions and emotions - and help the trader to survive long enough to find a method that works for them.
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danielc1
Registered: Aug 2002
Posts: 245 |
04-28-12 04:47 PM
Quote from EON Kid:
search your inner thoughts as to why 95% cannot be right or win.
It never troubles the wolf how many the sheep may be.
Virgil, Aeneid
Maybe something like this is why 95% cannot win or be right: The sheep are happy to be the sheep deep inside, because they are in the majority and to be the wolf is a lonely game of only a few... But back to your first comment: Do you really think that the things that is known to the public doesn't work, that made you make the comment to my post or is it something else?
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