Bono, I disagree with you here completely. I think that Lundy is an asset to any thread. He says how he feels, and EXPLAINS WHY HE DOES! That is IMHO a very positive thing. If he is right or wrong is really not relevant. Trading is about decisions. He is not afraid to make them and doesn't apologize for them. If he is wrong, he admits it. At least he is concise! He expresses his opinions, and they are as valid as anyones'. Being right is secondary. Bono, you have expressed that you felt my posts were worthwhile. You even PMd me. If you respect my input, then take the following as worth knowing: I know that I am wrong in my trades almost half the time. If Lundy is wrong, it is part of trading. No one is always right. I don't even think anyone is MOSTLY right (although according to what people say here, I am mistaken about this). But in real life, over significant periods of time, I know that traders are not going to be right significantly more times than wrong. It is a matter of money management. If you can be right only 51% of the time, you can be EXTREMELY successful...if you manage your money correctly. If you lose just slightly less on your loses than you make on your gains, this adds up to huge numbers. If your winning trades exceed your losers by just 1%, and then if your per share gains exceed your losses by just 1%, then you will end up with all the money there is. I know that these are exaggerations, but think about the logic of it. It is only about numbers. If you can make tiny gains on large numbers.....well you should get the point! Good luck and good trading, RS7
SE I guess I do have the latest version of esignal, never have used the advanced charts, playing with it now.
Keep on doing this thread your way, it's been hilarious and educational. The funniest part is when you expose an underbelly or two, they rise up against you (in righteous indignation, no less) and attack "your" presentation style....instead of the sleazy underbelly that is being exposed. Fascinating. Are you the real deal? Don't know, don't care. I hope your educational thread continues to improve. It's a good read.
They get 10k a pop? Wow, maybe I SHOULD get into that business!!! Yeah, a shrink could, I guess, be of use to most traders I know of one guy spends a ton on a therapist to help his trading. Hasn't helped him though....the shrink in that particular case has way too much to overcome! As for where the people are that went to these seminars....I don't know anyone who did. And like I said, I have known thousands of traders and trained hundreds. Unfortunately, I got paid nothing to train them. It just came with the territory. That was at a time when I was a firm trader. I got a few hundred dollars a month to do meetings. Cost me a LOT more than that in missed opportunities, believe me! But I never came across a single person that went to a trading seminar (or admitted to it). With the exception of a program at the CBOE that I talked about. That was a simulation of floor trading that I heard was well worth the cost. I didn't do it, but it wasn't around when I started there. If it had been, I would have loved to have done it. I am sure it would have saved me a bundle! So maybe there are other useful educational tools. I just don't know of them. But then again, since I don't know anyone who went to a trading seminar....like a Bright kind of thing, then who am I to pass judgement on them?Did you do it? Is that why you are so opposed to them?
first of all i don't appreciate being censored. my posts on this thread were very legitimate. this is the first time i have had post deleted and was not aware that criticisms were not allowed. i will be on guard from now on for further censorship!!!! secondly, give me a break about the "no sales pitch" policy. there is one individual on here that every post he makes is an advertisement. i'm not trying to give you a hard time but i am very disappointed in the inconsistencies.
I am not selling anything. I will not be making recommendations. I will not tell you what to trade or who to trade it with at any point during our discussion here. I will not reveal my position in the market and I will not divulge how much money I have. I will show you methods and if you like you can alter them to suit your style. These methods are not mine, they are the methods that have been altered by numerous traders in the industry who will never write a book or give a seminar because they make money from trading. I might tell you to go and F off, but that won't cost you anything. Sincerely, SE
You know, as soon as I start posting info regarding my positions or my financial status this board will take on a life of its own. My grand daddy once told me, "the cash register knows no difference between wholesale and retail." The funny thing about it is that he was half chinese and the other half was from Texas. Heeeeee Haaawwwww, tsun wa bai Lo's! Super_Ego
Great thread Super_Ego.. You sound like you know what you are talking about and not backing down a bit.. What I wanted to know is what kind of trader is this plan designed for? Is this plan for a scalper or high volume day trader? So far it sounds a bit too risky for swing trading. Also, if you could.. please include your methods for measuring the risk at entry points. Thanks
...thanks...enjoying this thread. Folks lighten up, if you learn one thing that helps your trading it's worth it.