Myself included, which is why I'm very curious to hear an explanation outlining how someone could survive a decade trading with no edge due to an impossibly rigged game.
Here is a restatement of my post. An advanced beginner who makes 3 points a day (12 ticks) is seeking help. Mel makes more than the requirements of the combine gizmo to have a free account with 50K of capital. A talker is saying he will write about the combine once it is used and has a story. He doesn't understand how the person helping Mel trades and how, actually, Donna is improving Mel's performance. People who know how to trade already have accounts such as those suggested by the person fishing. Certainly these traders let anyone they wish see what they do. One of the natural interests of a good trader is to filter way from him those who have inappropriate purposes. A good trader also helps others in several ways. The fringe of the financial industry is always doing two things: 1. Prospecting, and 2. Trying to learn how the more skilled go about their business. The standards for trading are known and it is known how these standards come to be. Two steps re involved: 1. The person using the standard invents it so he can apply it to others. 2. He applies it to others and thinks he has made a valid judgement. I went to a training summit for three days mid September. So did 27 others. It was being video taped. So several pages of signatures were requested. I was accomodated as were five others. Baggerford, you are allowed to retain your humor and niavety. At some point, do consider the viewpoints of expert traders and how they filter out others with whom they do not wish to be seen.
Thanks for bringing some clarity to this thread. When I am ready to stop being naive I will be sure to take you seriously.
You made a good decision. There are a lot of trading methods. In time you may notice there are traders who face the losers in what you imagine as a negative sum game. The basis and criteria for your decision are erroneous, however. I am so risk adverse that I cannot tolerate any subjectivity in my trading. Among the many trading methods, it is possible to have a method that has no subjectivity. Usually it is not possible to introduce this consideration in a discussion of winning trading methods. Just above is a story from a media source that brings up "fixing" employees who work for corporations that are continuing to trade in the financial industry. Coaching is mentioned. Of note, it is mentioned that an ex trader has begun to work in neuroscience. My first job offer in that field occurred after I had been trading for a decade; there was no known connection between the two personal events by the offerer. Today, I can say that my wiring has not changed for 54 years. Consider, how a system is built to do a job. Two pleasant examples are: 1. polynesian skippers, and 2. Swiss watch makers. A system of trading is the same. By looking at the winners and losers who make up the whole of trading; you find out how many Q'a have to be asked to understand the reason for the ratio. Each question, in order, must eliminate the most of the whole. By constructing the system of losers and winners, you also construct the winning systems of trading. Reading what I write here in this post, gives you a momentary experience of one universe that is connected by intellectual thought over the life of human culture. I thought the same things while shaking the hand of Adm. Byrd as I did when I shook the hand of Lucky Lindy. At every fork in the road, you make a choice. To build a foundation and the building blocks of a trading system, you have to make the correct choice at each fork in the road. You do not need a map. The Mind has everthing in it to give you the solutiion. The Mind does not process any negatives. The image in the Mind of "Don't fall down on the ice." Is what the Mind processes. If you are looking at crossing ice, you path is to "walk carefully on the ice." I took the trip of completing a trading system that takes the full offer of the markets. As I sat for three days in training in mid SEP, I found I was the only one who had made the trip. Here is how a trading system works that takes the full offr of the market: 1. Enter (using 94% of capital) within 12 to 30 seconds of the first 5-minute bar of RTH. 2. Hold through the entire profit trend segment on the chosen trading fractal (the fractal between a faster and a slower fractal). 3. reverse at the end of the profit segment. 4. repeat steps 2 and 3 as required. 5. Exit just before the end of the bar where the day margin changes to nite margin.
CTD,if anybody here needs a coach and a shrink its you! -You failed to setup and review trading platform befor you started. -You didnt know what active contracts were trading. -Two experienced traders,Mav and Traderchi told you to stay out of the ES and what did you do?What did you blowout on??
It wouldn't matter if he traded ES, CL, Ags......anything. He Obviously has no self control/discipline when it comes to trading. Even if he had the software down and knew what the front months were, he woulda blown out. He's way too emotional for the game. I find it hard to believe he was successful for 10 yrs trading equities.