The real truth of Trading- Read it once, you will not be Disappointed.

Discussion in 'Trading' started by kingfisher3210, Nov 29, 2010.

  1. I might as well put you on ignore...your belly-aching, pissn'-and-moanin' ain't doing anyone no good.
     
    #21     Nov 29, 2010

  2. Soros sold his soul?
     
    #22     Nov 29, 2010
  3. pspr

    pspr

    You know, I've put so many ET idiots on ignore that now ET doesn't offer the entertainment value that it used to. I've thought about putting retaildaytrader on ignore but he is about the only entertainment I have left here. :D
     
    #23     Nov 29, 2010
  4. Less talk and more action. Throw me on ignore.
     
    #24     Nov 29, 2010
  5. Well, perhaps. I wasn't thinking of him, as I don't know him personally.
     
    #25     Nov 29, 2010
  6. BSAM

    BSAM

    Scataphagos is telling it correctly:

    Keep It Simple, Stupid!
     
    #26     Nov 29, 2010

  7. He is well known for using intuition in decision making. At least that's what he says.....Check out the neuferhoffer video posted on elite. You can see the dark lord playing tennis with VN. ;)
     
    #27     Nov 29, 2010
  8. My experience is that "intuition"... that is GOOD intuition... is SOOOOO rare, traders best forget all about it. Odds of any one of us having it are SLIMMMMM.... I've been a long-time player, and I don't claim to have it.... and I'm always surprised... astonished, even.... when I run across someone who appears to have it... thus the "Crossroads" reference.

    Fortunately, "good intuition" is not a requirement for success in the markets. Observation, logic, deductive reasoning, and stop discipline work and can be learned by anybody... even the HUNDREDS of ET dolts I have on ignore, if they'd only bother... :D
     
    #28     Nov 29, 2010
  9. jokepie

    jokepie

    It is funny how you bring out a key thing that many traders fail to see even though its in all the books and wisedom that they here in ET.

    I will take on any one who can challenge me on this.
    "Trading is gambling with odds that are better than in a casino"

    "Simple set-ups" is just a way to manage risk by limiting number of trades and keeping entris and exits in a familiar pattern what is "highly managable" -- I am not saying this is a WRONG method and neither is "kingfisher3210" saying that in his post.

    He is talking about achieving a very high degree of excellence in EXECUTION.
    It is saying that YOU can actually CREATE SETUPS out of the market action and not wait for "CERTAIN" setups. Now this is very hard to explain in words (or its just my bad english language knowledge). I will try this with an example. we all have heard about letting the winners run !!! but for how long ?? thats the part that you learn from market action. When would you re-enter the market after a successfull long trade ??? Should you immidiately take a short after you get out of a Long ?
    When you look for a "fading set--up" why the hell you not take the run-up? did you missed it coz it was not a text book simple setup.
     
    #29     Nov 29, 2010
  10. Well said. SMA or pivot point trading is kiss. Does it work day in day out? If it do any one in world would have been millionaire.

    If Jesse Livermore was alive today, he would have laughed and cried why traders are not understanding the market structures first.
     
    #30     Nov 29, 2010