The nature of the trading business

Discussion in 'Trading' started by Joe Ross, Jul 29, 2009.

  1. Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day to day. He knows that no one truly can. The successful trader has learned his lessons by actually trading. This is a business driven by fear, greed, and selfishness, and very few worthwhile pointers are given out by the industry, other traders, or the myriad of so-called trading gurus who plague the pages of trading magazines and pages of their websites. The most valuable information is closely guarded and not often put in books or on web pages. Learning about trading is a ‘forever’ experience. As the markets change and as we adjust to them, we learn. The learning is ongoing. It stops only when you no longer trade. During the time we trade we can always improve. Trading is a great business for those who master it, and those who master it are traders who have mastered themselves.
  2. Correct indeed.
  3. mon



    I have seen people predict the future with 99% certainty. I tried it myself and am able to do 75%. It has nothing to do with tools or money management

    it has everything to do with realization that we are immortal spirits in human bodies living a PRE-MADE movie called life

    yup you heard me bud, put that in your pipe and smoke it :cool: :cool:
  4. alias number x+51...
  5. mon


    I smile when I think about you,

    you are like a guy who takes time to rate a thread on ET

    Minute wise but a whole hour foolish :cool:
  6. People with many dozens of aliases have less than zero credibility. You give idiots a bad name. Using the term as applied to mommy's failure, no one gives a rat's ass what a basement dwelling shock jock like you thinks. Ya know?
  7. mon, I wonder what you put in the pipes you smoke that enables you to be a prophet 75% of the time? You must be an awesome trader.

    Would you care to name a few of the 99% prophets you know?

    Gosh, if I could predict price action 99% of the time, I would probably own the planet by now. I could own the world even with being able to predict the markets 75% of the time.

    Instead of judging everyone else's posts, why don't you make some 75% valid predictions so we can all be rich, as you no doubt are.

    Better yet, why not take all the money you are surely making and instead of spending time on ET, you could feed the poor, and make the world a better place in which to live.
  8. jalee25


    lemme guess that life is wonderful to monl and that he won't reveal the secret to his 75% ability to predict the markets.
  9. Mav88


    boy you got that right, I agree-what a bunch of shit
  10. Ignore him Joe. This is cold/c-kid/Jasonn/etc. He is beyond 50 aliases, has no clue, spends all his time creating shock threads ("I am wealthy and will help all you little people become wealthy too")

    He is the major embarrasment to his family, the town idiot of ET, lives in his sister's basement, someone who has nothing better to do than constantly shift aliases even though most people see the common thread of stupidity come through after a few posts... We all desire that he loses the ability to use his keyboard. But he would probably still find a way to type with his nose. Such is the emptiness that plagues this shape-shifter...
    #10     Jul 30, 2009