Niederhoffer thinks "follow the trend" sucks

Discussion in 'Trading' started by GloriaBrown, Jun 18, 2015.

  1. That's correct!

    A few mistakes? If you have to take a mortgage on your house after more than 10 years of trading, because you have no money anymore, then it is not a "mistake". That's a huge basic problem, especially if you wipe out TWO times.
     
    #11     Jun 18, 2015
  2. qxr1011

    qxr1011

    agree

    on its own it sucks
     
    #12     Jun 18, 2015
  3. qxr1011

    qxr1011

    yes it is a huge problem

    but not all the soldiers who were killed (and it is a huge problem isn't it?) were bad soldiers... and not all those who survived were the good ones (or at least better than those who did not survived).

    shit happens...
     
    #13     Jun 18, 2015
  4. MrN

    MrN

    Life goes on - the only other choice to moving forward is suicide. Consequently, I don't see a point in dwelling on the past. As qxr1011 just said, shit happens, u don't stand in it and keep smelling it, u wipe it off and keep walking.
     
    #14     Jun 18, 2015
    marketsurfer likes this.
  5. Of course it "sucks" on its own. Everything does. You can't trade solely on the basis of a general principle. You need strategy and tactics. So I'm not quite sure what point you're making.
     
    #15     Jun 18, 2015
  6. You really don't like answering my questions, do you, MrN? Was I not specific enough?
     
    #16     Jun 18, 2015
  7. AFAIK no one is obliged to answer questions from anonymous trolls on a chatboard...
     
    #17     Jun 18, 2015
    marketsurfer likes this.
  8. qxr1011

    qxr1011

    imho as a solely "general principle" for working method it is not enough

    one need to combine it with other "general principles"
     
    #18     Jun 18, 2015
  9. That's always the weak link for you, isn't it?
     
    Last edited: Jun 18, 2015
    #19     Jun 18, 2015
  10. I agree, but maybe he should have dwelled a bit in the past. You should learn from mistakes in the past. So "the only other choice to moving forward is suicide" is not correct. And clearly he didn't learn because shortly after the first crash he crashed again.
     
    #20     Jun 18, 2015