Did you not read what I posted or did you glance through it yourself demonstrating ignorance of the meaning so easily gleemed from the words.. You are mistaken if you believe we follow like automatons every word and suggestion offered..even Oscar has the humility to admit where he is wrong before and after any event issue of suggestion.. I accept thier is risk to trading but having an opinion (not a direction) in realtime proferred AND ARGUED constructively amongst 50 Traders many of whom use Tradestation/TT/ProMark tools is of great value to me..and you need to accept that my opinion is different but no less valuable than yours and I see this is hard for you to accept... Your platitudes describing my/our suppossed delussional fantasies about Oscar are misplaced and petulant. Like many Ive seen a bit of life around the world, Ive run businesses in IT, Ive solid university education from three institutions.. Ive been around the world twice and somehow you still believe that I (we) are the sort that wish and believe blindly and cannot think for ourselves... This conversation is done... What an intransigent and prejudiced man you are Dude.. get over yourself.. Paul
When you become part of a trading room you are being influenced by others. Trading is mostly psychological. Can Oscar teach you about the "psychologal you" in a room? I will answer my own question. No he can not. So how will you benefit from him? You will trade his calls, and HOPE he is right. Will you learn anything? No, not anything you couldn't learn right off the internet, or a decent book. The day you learn that there are no gurus will be your first day you will be headed in the right direction. You say you have education from three institutions. Use that education.
Yes indeed it is mostly about Psychology., but you are mistaken if you believe the only aspect to that psychology concerns self. Let me explain. First we are all the first too admit that there are no Gurus... but there are people who know more than I do and have experienced more than I... I seek a mentor not a blackbox solution to a trading programme.. I want to reach decisions myself and thats what I get from Oscar.. a methodology to arriving at decision making not market calls for the sake of it because Im too tired to do my own homework.... that would be utterly ridiculous and foolish.... you need to get this because I think many dont get this point.. The Psychology of self deals with the way you effect a trade and prism through which you behave in the world particularly brought into focus by the work of Brett Steenbarger whom I like to follow via blogs. Often trading brings these habits and processes that form personality to the fore, some of which are counter-productive to profitable trading, such as tolerance for and thus behaviour under stress. That then is an intensly personal issue but guidance can be obtained by a suitable third party such as Brett Steenbarger and Oscar in steering one towards oneself and being totally aware of ones behaviour both in and out of any markets, and in techniques which aid the management of emotion whilst trading ("emotions are out") Most importantly there is a second Psychology, and that relates to the expectancy of any market behavior as it relates to both Technical and fundamental sources of information. The very action of price movement comes from the sum differences in views of the market, an interpretation of the technicals. To understand price action better it is therefore critical to know how to interpret and read markets in a way many others also do... to be succesuful requires interdependance not independance It is the only reason indicators work... because others use them. A path to understanding the Psychology of others is therefore intrinsically linked to an interpretation of technical analysis other traders are also subject to. Learning not only the tools but also being in an environment where others contribute does add significant value to the construction of ones own working model of the markets and others likely view of them. Influence is all around us whether we trade in an office or from home with a Bloomberg CNBC or Metastock terminal, as such it is up to the individual to decipher the information and make judgments about that information he or she receives. To assume that being in Oscars Premium room is a hindrance to such learning is contradictory to the edict of such required learning, and presumes that learning cannot take place in a group environment that is beneficial... I strongly disagree... things I have learned from the premium room: reading technicals, understanding how to interpret the technicals, spreads and thier applications, learning his apporach to the markets as one of many possibilities, the luxury of patience in waiting for a set up to come to you instead of chasing the market, the views of other traders and thier lifestyles, the ability to seek quick answers to buring intra-day questions, a second opinion on my research... thats just a sample... There are somethings a book will not teach you well because it takes effort to put them into practice and personally it is so much faster to learn in-situ (and then read a book) than it is through a book first which often is written 5-10 years prior to publication that you cannot interact with. Isnt that why schools have teachers because interactivity is critical to learning as it is to understanding the markets? an often solitary experience as it is..... In addition I dont know many books that will advise me in one easy sitting how to PROPERLY use Stochastic s, get the right news feed comparable to a bloomberg Terminal for peanuts, laugh with, confirm the impact of fundamental news on the oil and and index markets as it comes in, discuss my plans for a trade, warn me about pitfalls when about to place a trade on the wrong side of the market and explain instantly why... utterly invaluable to me...I wish you every success in your trading, and I want that.. thats why I am open to all aspects of learning, including the marvelous Premium Room... PS.. aren't books written by people who want to share an expereince with you but cant do it personally?.. arnt these people like Oscar experienced Traders? Can you actually interact with them? hmmm.... Paul
After reading and then laughing my a$$ off at your load of horse $hit, it has become crystal clear why mikey loses so much money trading. Nonetheless, I'm not sure if you are trying to convince us that mikey is the holy grail, or just seeking comfort that your money isn't wasted on that a$$ clown. You are either jerking our chain, and if so, doing a damn fine job I might add, or you are absolutely without fail the biggest doofus to ever grace ET. And if that is indeed the case, you win the blue ribbon hands down, as that is quite an accomplishment. Either way, congratulations are definitely in order!!! As such, allow me to be the first to congratulate you on a job well done!!!!! st
Paul, and after all this bullshit you've said, the simple fact remaining is this. Mikey cannot successfully trade. That is understandable, since it takes many years of sacrifice and study to learn screen trading. I will go so far as to say that in my experience, he is on the completely wrong path to profitability. I am absolutely sure that if he were a floor trader (I don't know if he was) he surely would not trade this way. He hasn't put in the time, yet he charges you for his "wisdom". If and only if a trader could show me a track record of something close to 5 years of profitability, would I believe what he said to me regarding trading. TA is one thing and "Oscar" is reasonable at it, but right now I can think of another individual who is much better at it, and I have known him for like 7 years and I know for a fact that he can both spew TA tidbits as well as trade. So, long story short, see ya in a year when I am sure you'll have less money than now. As I'm also sure the dog and pony show will still be in full swing, since that's the only place mikey gets his money. That 50K he spent on the Toshiba laptop and a bunch of clocks for his garage must give you a warm fuzzy. Yeah, I'll subsidize that...NOT! Disclaimer: I only have one clock and an IBM T60P for a laptop. I'm a piker I guess. I've wasted enough time on this thread. Ergo, I'm finished. Do me a favor and come over and trade in ER2 so I can take your cash; it would be a pleasure.
Stealth trader and Gov What a joke... listen to yourselves transparent personalities No higher sensible contribution Hot air gas and witless put me downs Boastful and arrogant..for what exactly? Nasty.. petulant replies ... wtf are you all about exactly?? Balanced people will see your replies for what they are , just hot air from non nondescript nothings who think they are something, who hang onto the bank end of the markets behind like whitneys believing they have the answers to all things trading... yeah guys sure... your the guys who know how to trade and what to do for every personality ..for every timeframe, instrument and style..yeah right..... you guys are Gurus!!.. is that what you want me/us to say?.. You write but nothing of value is added to raise respect or understanding we could have had for you. You argue but you use too much emotion and yet claim by proxy to trade very well?.. You have a siege mentality that oddly enough only serves to fence your mentality in... what a pair of joker twits you actually are... bet you have a lot of real and true freinds that won't desert you when the chips are down right? Bet you think your the life and soul of the party but dont see what people actually do or say when your backs are turned..... Braces and bad attitude went out in the 80s.. catch up its ridiculous you still talk like schoolboys saying everything but actually nothing of any value.. no doubt youll come here again citing how bad Oscar is and swearing and comparing him to all forms of body parts and genitalia with all the style of a unwanted talkative fool your sat next to in business class... and then beat your chest at how good you are and how bad you think I may be despite never ever meeting me or knowing anything at all about me.. (YAWN)... Its so transparent, so ridiculous.. so childish... and I bet judging from your responses Im not the first person to have told you that in your lives right? If you have something to add please type that.many here are fed up with this witless diatribe that rants without explanation or sensible balanced contribution.... go on then ..lets hear your replies... cut me down.. give us your best one liners.say whatever you want to make yourselves feel better... Im not sure Ill be back hear to read them... Thats my last contribution here.. Good trading everyone..
The bottom line is why would you pay money to learn about trading from someone who does not have a successful track record? Would you learn how to become a surgeon from a butcher just because he knows how to cut meat?