I bet newbies are PMing him and paypalling funds over for his mentorship, okay maybe not here, but FF he'd have them lining up to hand over there money. Everyone Ive trued to train, tries to think for themselves, gets greedy, refuses to take small losses, even my literally pyschopath genius iq142 ex screwed it up.
That right there provides more helpful info to beginner's than anything the OP has said in this thread so far.
And that part, unfortunately is the issue, trading profitable itself is quite easy IF you can avoid the above mistakes.
This thread is in the psychology section. I think some here assumed in error that whomever this OP is...he/she is talking about trade strategy details unless the OP started this thread in the wrong section. Someone else did a thread like this several years back and eventually he revealed (after folks guessed for many pages) rules involving discipline even though I don't think discipline can be taught...its something someone must learn on their own. The other possibility, its just a troll thread due to how the thread was started because someone sincere interested in sharing would have posted the information in the very first post and then waited for replies to see who was interested in discussions. Also, don't forget, the OP initially posted something in the first message post and the moderator deleted it. Not sure why but it could have been something posted in violation of the forum TOU policy. Yet, usually in that situation by a new poster...ET management usually deletes the poster instead of editing the message post. That deletion may be the true reason why the OP really isn't willing to share and decided to play the "cat and mouse" game...he's just pssst or frustrated before the replies showed up to his moderator edited message.
@wrbtrader I have posted the information in the first post.No cats and mice or anything like that.Nothin can frustrate me,fella.I can frustrate you if in the same room. The point was that only few of us would trade the same way you trade if it was for the conditions described at the first post.Same to you,your charts would me much cleaner,don`t you,if i hang around you with the pistol. A friend om mine had an office,in which 80% of traders were profitable,where the guys were constantly under pressure being thrown out or beat a basebal bat in the head(that was joke,really,but the bat was always there).After he left the office,it was closed within a couple of months.
Sticking to the theme of psychology discussion... I think most people that get involved in trading don't realize how extremely difficult it is to be profitable. They don't understand the importance of psychology (e.g. discipline) or they understand it too late. Its something we can not see in backtesting and its something we "barely" see in simulator. This is why so many people think the markets is manipulated or rigged...they just can't manage the realities of trading when they begin trading with real money. Lets pretend trading profitably is easy to a small percentage of folks...they probably realized before it was too late that psychological variables like "discipline" is a big key to success although not a guarantee.
Show me your chart,i`ll tell you how profitable you are.Provided that majority of the traders lack of the information needed to compete,you`d better off be a lizard and under threat beaing hit or thrown out of the window.
If you want the rules.Simple yesterday`s high and low.Stcik to it.I want only $100 from you a day.It`s not hard to see if the price squezes or stretches,a blind would see.
Exactly.Why folks behave differently in prison?Your constantly under threat being canned or beat up.Find someone with the basebal bat to assist you.
I'm not sure if you're saying that the info you posted is "still there" in the first post or that it "was" edited by the moderator and that editing changed the nature of the first post. I've been trading for a very long time and before that have been through and survived some very difficult life threatening situations...if you knew me, bringing a pistol in the same room around me would be a grave mistake although I know you're being metaphorical again. Of course we don't trade the same way. There's too many threads here at ET in the journal section where traders using the exact same trade method while trading the same trading instrument will have different trade results. Turveyd mention an important variable out of many other variables for such a difference...some guys will cut their losses (keeps the losses small) and others will allow the losses to become big losses and rarely will there be any in depth discussion by those traders in those journals about why they do such beyond seeing them write "promises" to themselves they won't do it again but they always do it again and again. Its funny a little that you mention you're buddy office experience. A lot of retail traders are trading at home alone or at work in secret via very short duration...a different type of pressure because they know they are stealing time away from their boss. I always wonder how traders in an office like trading environment would perform against the lone wolf types that are trading from home. Don't misunderstand, I'm not really talking about prop shop versus lone wolf types. I'm talking about a group of traders in the same office helping each other to trade the same trading instruments or correlated instruments versus those that hit this game alone. There's threads here in the ET "hook up" section where guys try to setup an office trading environment with others in their own city...most say other traders just aren't interested. That in itself (the lack of interest) is a big surprise to me considering every body would be equally splitting the costs.