Muscles are 1/10th of the importance of the power of your mind! MEDITATE often and learn to do it properly and you'll become a better trader. forget these asswipes who try to rip people off...If you come to CA I can have someone teach you to meditate for free (most charge $500) for that..... seriously PM me if you want to hook up with a guru to learn meditation. most of the advice on this thread was dead on albeit some rude and obnoxious a little.
Woody008 Since you are man enough to treat me with respect and act civilized, I have no problem with you. I can easily explain any inconsistencies that one would gleen from my posts but in actuality they make sense if you knew the whole story, so don't feel sorry for me things are not bad at all. I have NEVER claimed to be a superstar trader but I am a decent one and every year I improve. I may have made a few mistakes along the way and trusted a few people that I SHOULDN'T have but hey I'm human. I will not comment on the TB situation other then to say it was settled amicably and I have no further issue with him. Good Trading to you.
Geez Samson: I am getting a kick out of this. Look at all the trouble you went to to convince us that you aren't "Woody". Look folks he used the spell checker....man I am completely fooled.... I have to say, the rest of us are laughing out loud as you post one persona after another, talking to yourself, I can't tell who is who.... Well, thats it , I guess we can now buy our stolen system info from Woody. He would never scam us OK guys we can all trust Woody. He is going to "refer" us to his "mentor" and we will all me millionaires in no time.... By the way, "Samson/Woody" the "steve46" thread in the feedback section now has 3,630 page views. http://www.elitetrader.com/vb/showthread.php?s=&threadid=60755 We are moving towards 4,000 page views. Who will you "refer" your mentor to now boys? Keep up the good work, Steve
=============== And for the real deal, one may observe life in general/specifics to help with trading. About the only time i saw my banker dad buy retail was some retail peanuts to feed elephants in the zoo. As a kid noticed the elephant eye & they always do a trading range of trunk to get thier peanuts. Later on learned about trends , but the peanut elephant trading range peanut principal still applies; and yes peanuts are healthy nuts for elephants /humans
I've had lots of mentors, many of them quite dead. Let's see... Edwards & Magee, Richard Wyckoff, H. B. Neill, Livermore, the Japanese guys that came up w/candlestick charting about 400 yrs ago... And many living: Murphy, Morris, Farley, David Weis, folks on this site and others who are generous enough to share their knowledge, and of course the greatest teacher of all, The Market. Still trying to find my own way to success, but I never would have had a taking-off point w/o such great books and internet discussions. H
Steve46 and Samson77, There's nothing you've both said in these threads that couldn't be said in a PM, so if you want to slug it out, do it privately. If you guys wreck one more thread, you'll both be banned for good. Last warning. I'm sick of this B.S.
Hello Baron: Always nice to hear from you. If at any time you dislike something I have posted just PM me, I will stop posting immediately. Thanks, Steve
pm me and I'll send you my instant msg info I'll talk to you for free, point you in the right direction, but you'll have to do a lot of work yourself as well. Answer some questions you have etc, I always have some time for people who want to make it in life.
To the author of this thread, and any one else, I've been trading since the 70's. I've seen alot of trading schemes and fads come and go. And I have seen most people who try to trade get wiped out. I've gone through all these things myself and have learned the most important Market lesson of all. That lesson is that it's not about how to win, it's about how to lose. A novice concerns himself with winning, hitting that homerun, making some quick easy money by trading with excessive risk. The pro on the other hand knows that the wins will come, the term homerun isn't in his trading vocabulary. Instead he limits his risk by never staying in the Market longer than he has to, and always automatically cuts his losses after a set amount. Every pro has some edge, some high percentage trading technique that they keep repeating trade after trade. In the end the pro is judged not by the size of his wins, but by the consistancy of his wins. But more importantly it's the smallness of his losses on a consistant basis that makes all the difference. To the author of the thread my advice is to get you a fishing pole and learn how to fish, don't expect someone to hand you the fish. I'm not by any means saying to go at it alone, there are some very good advisors and a few excellent websites that can help you in certain aspects of your trading. I use one myself , the key is make sure they have a proven track record, and that they aren't going to cost you an arm and a leg. My Market timing guy per month costs less than a single commision and has me pointing in the right direction on almost every trade, this is my Market edge. The point is though, I'm catching all the fish myself with my own pole. I just have my own weather man telling me when it's the right time to go fishing. So my final advice is be your man, don't let someone else trade for you . Get some sound advice from a reliable source, just like I do, everyday. Oh yea, and practice by papertrading until you feel confident that you can consistantly make money with your trades. ...Rennick out