I agree. Though I'm sure you, too, would agree, rs7, that (without proffering an opinion on lundy's trading) traders, as a group, derive a great deal of gratification watching someone lose money.
Only the sadistic ones, or the losers who want company. I disagree with what you say otherwise. If I am making money, why would I feel gratified to see someone lose? Even if I lose money, don't I want to know others are making and therefor it is possible for me to make as well next time? Shouldn't this give me hope?
Well, if you yourself are losing money, I guess you'd rather see people making it. I used to feel that way too. Now, I couldn't care less if other traders are making money or not. I know I am, and I'm glad to see others lose - obviously they're not using the same strategy as me, giving me confidence that what I do will continue working.
That's pretty freakin sad. If you have to get your jollies that way then there is something missing in your life, bigtime. Were you beaten as a child ?
I respect a man that can make such a bold statement and not give a flying f*ck what others think ~Publias~
Yup, really sad....but I have known others like this. Worked in a large trading firm....there was a guy that seemed to take great pleasure in seeing others lose. Well he ended up sitting in the hallway with his face to the wall. No one wanted to be in a room with the guy. Now just because the guy is 42, never been married, lives with his mother, never smiles, always complains about everything, is completely negative in all aspects of his life, is considered a jinx if he says hello to anyone....well I guess other than that, he is normal and a real pleasure to be around! Oh yeah, also has a major problem with alchohol. Other than that...... And by the way...yes, I make money consistently and try to be helpful to those newer traders that struggle. I have a beatiful wife, 3 great kids, a nice house.....what some people call "a life".
Lundy, I'll go out on a limb to back you up. Today is indeed the low (the weekly low for this week). Everything beyond that and my crystal ball is all hazed up. btw Lundy, post your website address again. I'd like to read more of what you have to say about gaps (which you seem to be very good at calling).
I just haven't been proven wrong in my time frame yet. Just like you said. I will post a chart of the NDX in a few months. Showing where I called the bottom, how low we went, and then how high the market ran up. Only with this kind of visual hindsight will some people figure out the time frame thingy. This topic has taken on a mind of it's own, and just become usless banter. I do feel like i've been abused on ET for sharing my thoughts even though I've never abused anyone personally here. As to my character or trading abilities, I don't really care what people think. I now understand the frenzy of this crowd. My doom on this board had nothing to do with my success or failure. As we can see with my sleepless nights thread, I showed in realtime that it's possible to predict the outcome of the market, it's possible to make wildly insane profits beyond anyones dreams, and it's possible to do so by doing something different and bucking against the herd. I showed success at it's greatest heights. Now with this thread, even though few understand the time frame I am in, many have labled my efforts a failure. On both boards I was ridiculed, verbally attacked, and so on, not because of my successes or failures, but because I was different; because i bucked the crowd. I posted stuff that was different, unique, and confident. I want to thank those who were willing to share their knowledge, and those that appreciated my posts, and those that didn't care either way. I post here for fun, I lurk here to learn, and I will eventually be driven from here as an outcast among outcasts. I'm done with this thread.