well, as you take the freedom to make a lot of assumptions about others (this one is incorrect by the way, in regards to my sources) let me be also a little bit more direct: what you suggest is a lazy attempt to get something that is only reserved for those working hard and with the right mental attitudes. You seem to still need to lean a lot...good luck to you, though!!!
which part of my response hints at the possibility I dont know my facts? I speak from experience something you seemingly lack, at least when it comes to trading. But good luck finding the holy grail that lets you trade from the beach ;-)
101% correct - you gotta love the game to that extent where it becomes an obsession Only when trading becomes your life, does your life becomes more financially comfortable
WTF???? You hear a lot of BS in ET, that you don't hear in real life between traders... asiaprop, was your crowd of fellow traders talking all these BS around you? With or without alcohol... * I'm not asking asiaprop to offend him. He's traded / trading with a reputable group of traders/team.
hey, good to hear from you. It was merely a reflection of my daily observations. A lot of guys I know who scored pretty big (talking about >100mn in gross generated p&l, some a lot more) are in at least their second or third marriage, if still in any, and often as a result of their total dedication to their work. They are often in before everyone else and leave after most others left (those are guys who really could not care less about face time). They simply spend a lot of their time in order to succeed which they do. Maybe you should exclude "the" French from this list which is a crowd of its own. Most also know how to play hard. But what I have NEVER observed was a lazy bastard, sitting at the patio with a laptop under his arm, succeeding in beating above mentioned guys in this game. I used such analogy because thats the impression I got when I read an earlier post. But maybe you can shed some more light into this you seemingly disagree. Did you reach your level of success by toying a bit around with numbers here and there and suddenly it all came to you?
There are more personalities than laws. Thus trying to say what "LAWS" works for traders in general is bogus. There are to many ways to make money in trading to design laws for the masses. The other side of that coin is there are even more ways to lose money. The rest is up to the individual. Hard work means you are not ready for prime time. Working hard is also individual, a lazy person is always working hard.
False. Breakouts, for example, cause traders to move stops and place limit orders at attractive price levels. Past, present and future form a "block" of varying dimensions of price and time. It is the varying dimensions that present traders with problems, not the independence of past and future. False. The outcome of a trade depends on money management AND timing. True. How can it be otherwise. Do you know of any things that are not part of life? and for you to rethink about...