So Cornix, what gives? I thought Nodoji gave you a clear cut can't lose surefire way to make a killing like her. You talked a pretty tough game to Surf for many months on here. These greatest hits almost seem comical now in hindsight don't they?
That may be a bit of extreme sample of course, but it surely is pretty easy to sell a truck driver who broke rear lights on his DAF new lights and make 50% ROI without much risk. Repeat 20 times a day. My point is: typical human to human sell side business is really easy (for me at least) provided you really have some value to give in exchange for buyer's money. Don't mean to say I don't like financial markets. They provide excellent opportunities, especially at the turning points of major business cycles (what was the risk of total US default in January 2009 if one wanted to buy S&P?). But day trading became much more difficult for me since past years of enormous volatility.
Things simply changed. I did make good profits day trading. Which quite a few people can confirm. But then it got worse. And I am not going to lie to anyone here saying black is white. It WAS easier for me when volatility was there. Now it is not. Plus I have something else to compare with now, after 10 years of almost solely trading. No contradiction. Surf could be right in some of his points and I could be wrong.
But isn't Nodoji still printing greenbacks in this low vol environment? I mean her words not mine, she can have 5 tick stops in CL and make 100 and do this day after day after day. Look, kudos to you for being honest and humble. I'm probably guilty of over stiring the pot here. It just seems odd that she still is sticking to this story of free money and you were one of her students. I mean her method seemed so simple even a 5 year old could do it.
Must be she is much better than me at it. We better ask her. To her defense, I have never heard about her taking money for mentoring anyone. Only rumors, but never a proof of anyone saying she/he paid her to teach trading.
I'm not trying to indict her as a vendor. She may or may not be. That's been hashed out already on here. It just seemed like her method was so simple, so straightforward, so easy. She says anyone can do it. Requires no skill or brains. I'm paraphrasing here obviously. I wouldn't give her a hard time about it if she just admitted she was a scratch trader soccer mom who made her dough elsewhere, but she comes on here and makes no apologies about it, it's EASY...SIMPLE....even a caveman can do it. Day after day after day. No stress. Very little risk. No real skill required, just follow her simple rules. I'm just curious what you find so hard about her system. I mean don't get me wrong, I don't buy a word of it and I think you're a stand up guy for being honest. And I think you understand now what many others already know, that without an edge, you are simple long variance. In the right market at the right time, that variance will give you a very compelling argument that you have it all figured out when the reality is, it's just random luck. I debated this already endlessly on the TST threads. I'm not trying to get you to testify against her, it's just you two now are really diverging on thought. It's rather interesting. At least to me.
To Cornix, why dont you tell these losers you are surrounded on a daily basis by traders who constantly milk it using TA? To the rest, i wish i was not scared of strangers, would invite a few of you sorry ass clowns show you how good TA can be
Mav, please link me to a post where I intimate that anyone can trade the methods I use, that it requires no skill or brains, that even a caveman can do it. I've stated just the opposite again and again and again on ET. I've never shared my rules on ET. I've illustrated in detail a couple of setups/entries I use daily. Studying them, learning to identify them at the hard right edge, mastering the context (price action environment) under which they are more likely to work than to fail, having proper trade management rules once positioned, requires a lot of work. I spent thousands of hours getting to a consistently profitable day trading plan. I wouldn't share my written plan with anyone, nor would I sell it (I've had a few offers). Cornix is not my student, nor was he ever my student. I met him in ET's chat room when I was a total noob with about 3 weeks of day trading experience. I knew nothing about how he traded (he traded Forex) and he knew nothing about how I traded. Bighog was there and I basically ignored everything he tried to teach me because I thought I could do better. Cornix does not know my system. He spent some time daily in a Skype group with me back in 2010 and, if anything, I learned from him. I learned how to use a 1-min chart to take entries that allowed for much less than the 20-tick stops I was using at the time. Thanks to him calling several 6E trades during that time and my ability to quickly see what was going on between the 5- and 1-min charts during his entries, I modified my core plan to focus on second entries following a signal and now trade with stops as small as 3 ticks and never more than 15 ticks (trading CL). You do have a couple things spot on: My trading involves very little risk and, as a result, is indeed low stress.
I never formally mentored anyone and never took money from anyone for any trading help I've given at any time. The distraction of formally mentoring someone would cost me more in missed trading opportunities than I could comfortably charge for mentoring. If I had a trading room like Al Brooks and could guarantee a couple hundred subscribers every month, that would definitely be easy money...