Your not a trained and educated psychologist? Surely you have income from that business--- No, it has nothing to do with my personal experience-- many folks play baseball and make big bucks from it-- I suck at playing baseball, but their is evidence that these big buck players exist. There is NO evidence that retail traders who started from zero without any outside support can live a good lifestyle from trading proceeds alone-- IN FACT, the EVIDENCE IS clearly that they do no exist. surf
I wasn't poor when I started, I had sacked away some cash from my previous working life but I was by no means wealthy or "set". And I started slowly, taking 2 full years of extremely cautious trading to conserve my cash. However, once I made some headway in developing my method, I got more aggressive. The more positive feedback I received, the more I ramped up. Mind you this was over a decade ago. You can stamp your feet all you life, but your assertion is false.
I agree, but isn't this approach against the whole idea of Combine and TST? One has to be either backed by a very decent amount, or he/she has to make a very high % return, (which is unlikely in the long run) to make a decent living.
That's both harsh and unfair... But if you're the real deal go ahead and prove it...! Show us how you're a real "trader"... What exactly is it that you do that makes you a real trader and works well in the market...? Trust me... Marketsurfer and I have seen it all... You probably just think you have something but you really don't.
Thanks, Cool. Those that argue against what i said are only showing their inexperience, naivety, and ignorance of the markets. It's a cult of "true believers" who went to one too many tony robbins seminars or something.
Surf, You live in the Twilight Zone. You have time and time again proven you have zero trading skills. Which is fine. Most people aren't cut for it. You have shown that, and basically admitted it. But to come on a trading web site and rip everyone else telling them their methods are worthless is beyond pathetic. Show some kind of profitablity in your "trading", otherwise you have ZERO credibility. The name dropping of being a reviewer of Covel's book was hilarious. Like that's some kind of huge accomplishment.
Well... There's Dan Zanger...! http://www.chartpattern.com/ He had a good run for a while before he started selling stuff...
No, pekelo--- I totally believe that its possible to survive and even thrive as a prop trader--- for short time anyway---- prop firms have and teach edges that really work-- plus provide capital and leverage. I am talking about at home retail traders, particullarly those who trade FX dealers like our resident siberian pyschologist. With that said, even as a prop trader, I doubt you will survive for the long run without outside income-- sure you will have good periods but edges only last so long.
That's because chart patterns come and go, but (the number of) people willing to pay for a dream stay...