What is the wrong advice that you have received?

Discussion in 'Trading' started by rin4et, Sep 21, 2017.

  1. lovethetrade

    lovethetrade Guest

    This is funny.

    Trading is easy
    Developed an edge in 6 months with no prior knowledge of trading
    Has never blown up an account
    Doesn't take losses
    Outperforms whales

    At least we know now every post you make comes with a BS disclaimer.
     
    #31     Sep 23, 2017
  2. rin4et

    rin4et

    I didn't say I don't take losses. I said I do and it is due to my lack of discipline in sticking to my strategy.
    But the rest is true and can be true for anyone who has the the time and discipline to learn, and keen observational skills. You do need to have above average intelligence but you don't need to be the brightest bulb.
    Things that were more difficult for me than learning to trade :
    Graduating with a degree in Electrical Engineering.
    Learning all the different technologies needed to work as a software engineer.

    I say this because a lot of newbies reading will be scared away from trading by these false statements. I am glad I didn't find this forum before learning to trade because I too would have been discouraged from even attempting.
     
    Last edited: Sep 23, 2017
    #32     Sep 23, 2017
  3. just indicators and all the hoopla and books that go along with them.
     
    #33     Sep 23, 2017
    lovethetrade likes this.
  4. Handle123

    Handle123

    "Don't average down"

    If you have well tested Trading plan and you disciplined, you can add what you desire.

    "This not harder than Rocket Science"

    Hell if it isn't, Rocket Science is defined of what rocket should do based on math, trading is often based on human emotions and can have no clear path and stalls, can you see a rocket that is hanging in air?
     
    #34     Sep 23, 2017
    beginner66 and soulfire like this.
  5. Simples

    Simples

    What you take for granted, many people probably could only wish in their dreams.
     
    #35     Sep 23, 2017
  6. rin4et

    rin4et

    I disagree. Trading is not based on human emotions. Those that trade on emotions don't last very long in the market. Trading is based on principles of supply and demand that are as rock solid as the laws of physics.
    Wouldn't you consider gravitational and nuclear forces to be reliable? Similarly one's trading strategy needs to be reliable and not wishy washy with no clear path or based on emotions.
     
    #36     Sep 23, 2017
  7. eurusdzn

    eurusdzn

    I have a rigorously tested advice filter.
    In the proper context, it performs well with the 5 period gibberish oscillator.
    This is something not simply given away.
     
    #37     Sep 23, 2017
    shatteredx likes this.
  8. yiehom

    yiehom

    "An accounting degree is useless in trading"

    Ben Graham, Warren Buffet and many others got rich calculating ratios from balance sheets and financial statements, searching for great values at lower prices.
     
    #38     Sep 23, 2017
  9. lovethetrade

    lovethetrade Guest

    What they do probably isn't trading though, I think it's called value investing.

    They also participate in the management of some of these companies which would probably make them business managers/investors/entrepreneurs.
     
    Last edited by a moderator: Sep 23, 2017
    #39     Sep 23, 2017
  10. I agree;

    Talking about investing, investors, business owners, and even hedge funds...in a Trading ...forum is kind of silly and irrelevant, o_O

    I personally would just prefer to keep things and the discussion geared and stuck to the relatively small retail Trader crowd,
     
    Last edited: Sep 23, 2017
    #40     Sep 23, 2017