Is a great trader just a trader who finds a great strategy?

Discussion in 'Professional Trading' started by ForexPro, Oct 4, 2007.

  1. Great point ... if one can effectively identify strongly trending days one can make a substantial amount of money ... Anekdoten over on the AHG thread is doing it even as we speak.

    OR

    I personally like this style of trading myself (but will take the trending days when they come). Developing a technique which consistently makes a short gain (not necessarily a small amount, though) is IMHO a prerequisite to transitioning from trading as an avocation to trading for a living.
    I agree with you on that one also. This is B1S2's technique of choice over on the ES Thread, and I can only imagine the types of gains he makes on his positions.

    But I meant luck as in ... looking around for trading information in general and happening on a GEM of a concept or technique that helps to transform your trading, or running into a someone who mentors you in their profitable system, or catching a major BULL or BEAR run using a technique which is designed to exploit that type of market, etc. you know, luck, random action, good karma.

    Couldn't agree with you more, I like the small, steady, consistent gains (time to make the donuts). :)

    Allways good dialoguing with you guys.

    Good trading,

    JJ
     
    #21     Oct 7, 2007
  2. Very good. Outstanding.

    The first category...
    You are exactly correct.

    Any program related to economics or business...
    Or any courses related to the Securities Industry...
    Serve only ONE purpose...
    And that is to manufacture a COG in the MACHINE...
    A reasonably smart, brain-washed DUPE in a suit...
    That will help transfer wealth FROM the public TO the Securities Industry.

    A genius level person could not possibly take this bullshit seriously.

    The second type... "constantly searching for truth"...
    I would CHANGE to "constantly applying critical analysis".

    Geniuses do this constantly...
    They ignore "conventional wisdom"...
    And find both logical and counter-intuitive ways to make something work...
    To trade successfully, for example.

    This is not a "recipe for blowup"...
    But rather the creative flexibility REQUIRED to avoid blowup...
    To change course and dump suicidal positions.

    If you go to any Commodities or Futures Pit...
    It is filled with rebels and non-conformists...
    People who CAN'T HELP BUT "think outside the box".

    Guys like Jim Rogers... minus the bow tie...
    Really well-rounded, interesting guys...
    Literally from all walks of life.

    And you are right...
    These guys learned everything about trading from experience...
    From making their first 100,000 trades.

    And real traders won't teach you anything...
    You are just throwing pearls to a herd of swine.

    Over and out.
     
    #22     Oct 7, 2007