Hindsight analysis always laughs at fear/greed ..... in hindsight. But, on the other hand, that darn reality gets in the way everytime.
Hmmmm, ET info more informative than a book??? What about Google, is that better than a book and ET??? Whadaboud U Tuber, is dat no good??? My wife is watching U tuber 24/7/365 and she's a better trader than moi. If I'm alive when wife dies I'll place her tablet in coffin.
Trading has taught me patience. Of all things, this is probably key because with trade sometimes you dont get your entry model and that can be abosolutely frustrating. They say analysis is 10% of trading and 90% of emotion. I second that saying. Trust your analysis, set your trade, and step away. You've done the work. Let it play out.
Hello themickey, 1. Why would someone waste time, energy, and money making YouTube videos about trading if they making money trading already? Think about it, why would someone waste their time making youtube videos everyday if they already making ALOT of money trading in about 1 hour a day? 2. Why would someone waste time, energy, and money writing a how to trade book, if they already making money trading already? It is just common sense to me. Obviously the book writer and Youtuber can not make money trading and Scamming, lying, pimping and making up stuff to steal people hard earn money.
Hello themickey, Man, I do not understand any of that stuff you talking about. I do not care about that stuff anymore. I use to be poor and live in poverty and it sucked but I am not poor anymore, and it feels good. It feels VERY good having ALOT of money in the USA, that is all I have to say. All I can say is it feels very good being an American citizen living in the USA making ALOT of money in the ES futures market everyday. Man, it feels good.
It's very difficult knowing truth from fiction on ET, humans are magnetized to bullshit, if you are creaming it on trading, my sincere congratulations. Once upon a time I thought only those with common sense would make it in this world, but that 's false, we can be deluded to fuck and still be successful. I don't know what the formula to success is, but I think hard work and knowing pain seems to help. God only knows what makes winners from the losers.
I am gonna reply you because you have one logical point that is really important: Why A winning trader should give away his/her edge, when in the worst case scenario he risk to lose this edge. There are more and more motivations: but PLEASE CONSIDER that IS A FACT that there are books written by traders with certified high returns. 1) They are financially independent and they like to share, because trade is a way to freedom for people that have some nice soft skills. In other words I will explain a "winning" system, only few people with merit will pick it up 2) A book can be an extension of personal notes, that mean that explaining a concept make it clearer also to you. Getting feedback, questions, but also find the way to explain can give you better idea about your own system 3)really important. A wife divorce from you, your children are bad, you did not sleep, you lose a lot and get frustrated because you did not diversify your investments, so you want to write a book to have a steady income source 4) Ego. Most of the greatest traders, the legends have more o less systematized their own system. Are you worthy less with 200 per cent returns 5) Some strategies will never stop to work. Take NVDA theme, and his technical characteristics, in 1980 was MSFT, tomorrow Quantum PC, the day after tomorow will be "BackToNatureAfterArtificialIntelligence LTD" 6)The offer of books from Wiley, good luck on the plethora to find what you like, Not too mention the guru that are everywhere. Writing a book on trading and making money on seminars is not easy with all the concurrency, so one need to have something more than just being legit 7) Giving and taking. You learned from a book, you give back 8) Nothing new. Writing a trading book that teaches new concepts innovative that are not been written before? Really difficult, so why not to try to make money on it, and freshen up things from my perspective? Sucessful traders as far as I know do not get assumptions, they battle test and adapt, reinterpret, and could love to see this as their own system. 9) Personally. Everybody ask me always the same question, investment advice, I would write a book just to avoid to reply every week to the same question, to explain them why copytrading is not a winning strategy 10) other reasons (to long to read). One wants to save the humanity from the 9 to 5 jobs, one want to teach the most amazing subject in the world that is predicting the future, one think trading is good for the progress of the humanity because people without ego listen the market, one need to justify to his wife and mother in law that is travelling in every spot of the world making conferences to conceal is asking for escorts and finally nice meals and cannot say "dear I am a nerd screen timer, I go to Spain to trade better", one need to show to himself that has the best system in the world, one is competitive and love to confront himself in the reality. One is a day trader and his eyes are getting tired to be a discretional trader and wants to stay more away from a pc giving workshops. One like human contact and like to see audience that lean to listen. One wanted to become an university professor but life gave him a place in unknown market wizards(is a book) and to take some air. Other consideration why one should not read books, because get idea, because a strategy needs to adapt as time change, chatgpt, algotrading, cartel of companies, new future ES manipulations despite liquidity, everybody can write code, everybody can read charts and whales move the market in another direction and so on. Last reason I read books: Knowledge is power, and i have the power to select the source I want. and yes for an organic reasoning I prefer someone that write a book to an half baked sarcastic elitetrader or reddit poster I made 40 years martial arts one of my teachers said: Ivano Knowledge without Practice is null Practice without Knowledge is dangerous
Not really: https://www.penguinrandomhouse.com/books/72469/only-the-paranoid-survive-by-andrew-grove/ Andrew Grove, one of the founders of INTC: Only The Paranoid Survive