A message to some day traders.

I never said “posting a journal is a fraud”.

...

Never said you lost money consistently for 30 years. Plus I don’t know your finances like that. I just know you’ve blown up accounts, I have to. The greats have to. Nothing to be embarrassed of. It’s only humiliating if we don’t learn from it.

 

I’ve repeatedly answered this for you. Also, you’re committing straw man fallacy.

You’re deluded.

 

Because that’s what a “humble” person would say... Does a humble person tell others he is more humble than them? That’s fallacious.

 

i am waiting for your book

where is it

why are here with us losers

 

i agree with what you have posted

 

look you just have a bit more restrained with how you protect your beliefs......

other people have a right to their own beliefs.

ok

i apologize for all my posts
let us leave it at that

 

I accept your apology. It’s nothing personal. I apologize if you felt this become too personal.

I agree.

All the best.

 

no my only problem is that you are too passionate

 

Let us return to Warren Buffett. He did not make his billions by cost benefit analysis, rather, simply by establishing a high filter, then picking opportunities that pass such threshold. “The difference between successful people and really successful people is that really successful people say no to almost everything.” He wrote. Likewise our wiring might be adapted to “say no” to tail risk. For there are zillion ways to make money without taking tail risk. There are zillion ways to solve problems (say feed the world) without complicated technologies that entail fragility and an unknown possibility of tail risks.
Taleb

he says do not take tail risk.

but why should he decide what risk i should take?

there are people who will take any risk provided they may get a particular reward for that particular risk.

for example i took a risk of 7000 usd -my account size and made 50000.

that may seem ridiculous for many traders...but in the end it is my decision

you should be clear about the risk that is being taken

some people have no idea what risk they are taking they focus only on the reward

 

This is only a disclaimer just in case a passerbyer gets the wrong idea or thinks there is a financial motive behind this thread.

I never claimed to be writing a book nor am I writing a book nor do I plan on writing a book.

I’ll recommend some books tho...

1) Nassim Taleb’s Incerto (Fooled by Randomness, Black Swan, Antifragile, Skin in the Game).

2) The Business of Options by Marty O Connell

3) The (mis)behavior of Markets by Benoit Mandelbrot & Richard Hudson

There are some other good ones but not many more.