I'm pretty sure Surf has yet to provide a direct answer to a single question I've ever asked him. I don't really expect any direct answers from him because he's a compensated author, a "stealth" marketer, (and an ET troll as well), but I do believe it's useful for all the poor noobs about to get lured to their demise by the likes of me to see Surf's constant evasion when any sort of evidence is requested that supports his claims. And yes, JT, I agree with you, based on every intraday and daily chart I've ever seen, whether in the 1990's or the recent decade, price has continued to swing up and down in trajectories the ranges of which are sufficient for the extraction of profits that are greater than the losses that would be incurred by placement of a technically reasonable stop loss. In layman's terms: The nature of price action edges haven't changed.
It's your Marketsurfer persona that suggest noobs find a prop firm. Did you forget to switch accounts before posting?
No, we are not the same person. I do happen to agree with him on these matters though. How deluded do you have to be to think you are going to make a living from trading as a self-taught prodigy who turns his nose up at the idea of in-person networking with successful traders?
You posit a chicken and egg situation. Who taught the first successful trader? If it could be done before, why do you keep belabouring the point that it can't be done?
Didn't Paul Rotter have a short lived ET membership here in the early days of ET before a few bashers gave him hell about his "experience" as a Fixed Income BUND futures trader ??? If I'm not mistaken, that would then make him the top trader @ Elitetrader.com even though he's no longer a member. He's no longer a big dog retail trader unless he's doing trades on the side besides his investment firm stuff. I think he started as a bank trader then went retail and now his own investment assetmangement firm...successful in all three categories. Yet, he gained the bulk of his fame as a top retail trader. His starting capital 1 to 2 million dollars. Are there any known retail traders in Emini ES futures, Treasury ZB futures, Gold GC futures doing million dollar trades to compete with some of the famous foreign retail traders that did such ??? By the way, maybe its my imagination but I see a lot of U.S retail traders talking about "lone wolf" trading theme whereas in Europe that theme amongst retail traders is networking and collaboration as a key part of their trading plan. Paul Rotter is just another trader that didn't need to go prop firm.
How about a $500 gentlemen's wager that I am not ol yella or anyone else actively posting on elitetrader? You keep making these statements, are you willing to back them up with some change? If not, stfu. Ok? Thank you. surf
You have no clue what you are talking about, please stop. Rotter was trained at a bank and EurexAKA DTB, then at a Japanese bank---- so please. ANY comparison to a retail guy listening to PA TA nonsense is deliberate misinformation. Remember, when I say prop firm mentorship--that's just the easiest to obtain. If you can get a gig as a bank trader it's even better in some cases. q: how did you get to professional trading? a: when I was apprentice in a German bank I had to work on the DTB (now EUREX) execution desk for several weeks. this attracted me a lot. during that time I was doing gamble trades on my private account, losing pretty much all of it. when it was deeply in the red, I had to leave the bank but shortly after, I was allowed to start trading in a Japanese bank. I was very lucky here, since a:
so real traders don't like to chat online while prop firm is a good place for training? This is a new idea that i never heard of. May be you live in a country without internet so real traders don't chat online and somehow your local prop firm has good training videos? May be your local prop firm has good terrorism training videos too?
What a weird thing to suggest and correlate. How do you verify "real" from pretend traders on the Internet? Most everyone is who they want to be rather than reality on line. At a prop firm you see the success You can't be this naive' , Ms Brown. PS. Particullarly suspicious are those who make claims yet refuse to demonstrate in a controlled environment.