POLL (Trading): If you knew then what you knew now...

ProfLogic · Feb 14, 2008

Quote from jack hershey:

Sat down with research at IBM and had them, in 1957, invent the copier, the PC, software languages, and the internet and email.

I look at people in ET who have all of these things now and see that they can't get off their asses and polling to make some money. It is the most humorous thing in the world to see these people not ever having seen the markets and not ever having seen step one of learning how to trade.

Today in 2008, there is a similar thing going on for individuals. they are all sitting there and they do not have any understanding at all of how their minds work and grow. they are complacently sitting on their asses and not making the connections to how their minds work and how they could have money coming out of their ears every day of the week.

What is the challenge to set up a display and annotate it to be making 5,000 or 10,000 dollars a day????

To sit on the sidelines year after year and puke out polls instead of learning how to trade is the funniest charade I have ever seen
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You da man.

rcanfiel · Feb 14, 2008

Quote from 4DTrader:

I don't want to discourage you from conducting polls (none of my business), but the defects of your polls must be exposed so that traders reading your poll results won't be misled. So what I am going to say is not against you, but to serve the traders involved.

This is really not necessary. You should see most of the rest of the polls. At least I try to be comprehensive and use clear questions that affect many traders with a comprehensive list of answers that try to capture the alternatives.

For a survey sample's result (e.g. "most of the successful traders tend to gravitate towards price action") to be valid (i.e., generalizable to the population), certain criteria must be met:

1. sample is randomly selected

Everyone in ET has the right to participate.

2. sample is NOT self-selected

This is not a medical study.

3. every member of the trading population has an equal opportunity of being selected

Everyone in ET has the right to participate.

4. sample has a large enough size

This is a poll, not a medical study. It seeks opinions. You seek double-blind methodologies and statistical validations. Some reach large sizes. Some wither. Such is the nature of polls.

Otherwise, the results of your survey are invalid.

No, it is not.

I am still puzzled at your conclusion of "most of the successful traders." Your poll never asked the filter question of "Are you a successful trader? If yes, proceed to answer the following question."

ET does not really allow this kind of functionality, so whatever.

How do you know the respondents are successful traders?

Many people lie. When you achieve divinity, come back and illuminate us how to solve these problems
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dtan1e · Feb 14, 2008

Quote from Joab:

If I knew now then I would have

Dated cheaper women :eek:
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i would have done the opposite

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POLL (Trading): If you knew then what you knew now...

[b]POLL (Trading): If you knew then what you knew now, what would you change?[/b]

Change brokers

Learned more about psychology

Money management

Become more risk averse

Learn more about TA

Avoid TA

Learn more about fundamentals

Fundamentals don't help

Gone into the industry, IB, prop firm, hedge fund, etc.

Studied engineering/programming

Never trade

Prevent my friends from trading

start my own advisory service

Study price action until my eyeballs fell out

Found a mentor

Focused on a different instrument (class)

Start with more money

Start with less money/Papertrade for a LONG time

Would have studied more about successful traders

ProfLogic

rcanfiel

dtan1e