You have a real knack for humor. Recently, I got a lot of heat on a series of prints. I was demo'ing just how opening carryover trades (trades from calls made based on the prior market close) are done. The heat was from long time posters on ET. Noobs don't stand a chance of learning from prints. At least some others got to see that paying 4K a day in fees and commissions was happeniing. Pekelo and others explained in detail that they did not know the difference between fees and comish AND settlement. ET should probably start an education section that is not allowed to be contaminated.
We do not get offended by the idea of transparency. there is a population turnover on the web. you have not experienced it as yet since you are relatively new and ignorant as well. About the third rotation, the demanding of "proof" gets a little sophomoric. several laps of "proof" have been done. third party reviews have been verified. all kinds of shit has been offerred and made part of the record. Search may not work on ET but it does elsewhere. the bar is set very low for doing trading. Greed is very common. there is no element of thought in the greed process. Mostly all the research is fouled up by doing induction instead of the more rigorous deduction. The NSF pays for bullshit it turns out. Here is the current level of fuckup in ET. The education section has a set of sophmoric references by a person who is unable to read a print accurately. He also shoots his mouth off about how he is misreading something he has never seen before on his trading platform. No fucking personal experience and he is shooting his mouth off all the time. The bar is set very very low. Greedy little teen agers can be forgiven. If an adult needs hope, he should buy expensive condoms. This is not a rant it is just dry humor for those who know me.
One doesn't become a hockey player by watching NHL games. Nor does one become a mountain climber by reading books. Nor does one become a skilled sales rep by watching somebody else do it. As O'Neil wrote, if you want to learn about fish, don't read books about fish. Watch fish.
I have had a different experience than you. So I have different conclusions. Most of my trading life has been before computers (PC). nothing has changed. the DOM is an easy read and is in-kind to "tape reading". There is "nothing" to remember. the window of "context" is ALWAYS showing. since the DOM data is available, adding a couple of panes on the display is a simple trick. So I invented the panes and they are brutally blunt as to what is what (See STR/SQU and WALLS.) The fastest track learners are the ignorant beginners. One branch is bad and the other is good. those who want to learn how the markets operate succeed in record time. those who come from greed oriented families have baggage that cannot be overcome. They go away soon. Once I was accused of dailing all but the last digit and going as far as dailing but not releasing my finger. And in those days the chat was ten steps done twice to fill in the card. I had voice recognition and that cut through crap. Also if I did not call I was called which made it short and sweet. In those days coattailing was the basis of insider trading. I had was coattailed In terms of college grads, my choice is clear as a bell: Electrical engineers in the communication option moreso than power option EE's. fortunately the cut today is a little different. Boolean Algebra majors (I'm joking) would be the better traders. Teason: the logic of market events is a binary modus and finite math cuts through all the crap in ATS's. edges are just bullshit and how the market operates is the Holy Grail. the market operates as a system. that will show up in a bout 5 years. (post Quant upcoming era)
Once you've read the thread, you'll know what I "do", though you ought to be able to figure it out within the first 80 posts. If you want to see how I work with somebody who's navigating their way through the process, read game's Making Of A Method journal. If that's insufficient, you can always refer to the Wyckoff Forum at Traders' Laboratory, which contains everything you'll ever want to know about trading price action. Beyond that, I don't "tutor", though I'll work with people who are willing to put forth enough effort to develop a trading plan and maintain a journal and trading log. If they're not, why should I bother?
The fact that you bother intrigues me to no end I will have look at Method Jornal and Wyckoff as well thnx
Intelligence can have a huge bearing on trading success, a detrimental one. For the longest time, I tried to improve on something as simple and profitable as positive expectancy within a random distribution. I was the Yale student... http://economix.blogs.nytimes.com/2011/02/17/forecasting-is-for-the-birds-and-rats/
New Post 07-21-13 09:07 AM Quote from Ol' Yella: I don't see why people get so offended over the idea of live calls aka transparency. It's for the same reason an aspiring hockey player wants to watch NHL games, or an aspiring mountain climber wants to read about people who climbed Mt Everest, or an aspiring sales rep wants to see a seasoned pro in action. -------------------- for some simple mindedness person like myself, for example; the distinction is very clear and simple. those who trade for a living have an entirely different approach to trading and they mostly trade in solitude or just among close associates.... with the exception of those in the paid trading rooms where interaction is the norm. however, there are also those who have special talents, namely they can trade profitably and consistently, and at the same time they can also verbalize with others.... i admire both groups highly. however, for either group to be convincing, it would be much better as several have already suggested here that, if you will and if you wish to do or leave something for the benefits of et members at large, post a screen shot after you closed out your trade which in this manner, you would not need to be distracted.... and your trading shot will truly speak volume.... as well. well, perhaps, this is too much to ask of those who trade for a living; for everyone knows time is money and profitable trading is like a money printing machine, as someone said to me a few years ago. what would it take to reconcile these two opposing groups; so those who truly wish to learn to trade profitably and consistently could LEARN from those who trade for a living, without having to quite their current positions and without having to bankrupt their life savings....? and more importantly, without having to spend endless hours reading thru muddy trading philosophy and exposition and such....? any brilliant suggestions that would not take more than a paragraph or two, pls? nakachalet@gmail.com
Here's the exact issue why it MAY bother some. Many ET gurus do post live calls to other ET members and a few of them even post broker statements verifying the live calls as shown in one of those links I posted earlier. Then after they've done such for the current group of ET members at that particular time...a new group of ET members show up and request live calls too without making the effort to learn the post history of the ET guru. ET gurus try to be polite as possible and say to the new group of ET members that its already been done. It usually ends there but a few get offended when the ET guru doesn't continue satisfying each new group of ET members with live calls. Anyways, once is enough for a small duration even though a few of those journals have been at it for many months or a few years doing such. Then when they get bored and stop making those live calls in their journals...they'll probably start a education thread with a few of their trading concepts and then another new group of ET members show up and request live calls. ET guru becomes offended. Personally, I would rather see new ET members make the effort and learn whatever the ET guru has freely shared and then start their own trade journal to see whom shows up to help...along with making their own live calls for transparency that they truly are interested in learning. The ET guru can then decided if he/she wants to participate in that new ET member's trade journal. By the way, I love sports analogies. Usually after a certain age level...all aspiring hockey players must try out for the team to see if they are good enough to play on the team. The coach then determines whom qualifies to make the team. Imagine the uproar at Elitetrader.com if ET gurus (the coach) did the same thing with new ET members that show an interest in their trade methods. Ask the new ET members to prove he/she is properly prepared to learn and trade to see if they qualify to make the team (as in participate in the education thread)... Just imagine such similar to hockey. I only say the above because I truly believe most traders are NOTt ready to put forth the effort in learning or greatly underestimate the effort (time & energy) that's required. Imagine ET gurus being required to do live calls at least once to earn that title of being called guru and ET members proving their qualified (team tryouts) to participate in gurus threads...just imagine. If such were reality here at ET, most traders will then realize that the real edge is the trader.