Whom do you trust?

so in that case Symons,Buffet,Soros, etc are also "untrustworthy" because they set up a business of managing O.P.M. ?

You guys seme to think traders should only trade their oen money. Anything else is a scam? Right.

 

You're totally missing the point. The problem doesn't come down to trust. The problem is that you're focusing on technical analysis and trying to figure out which trading method/system is better. Traders are independent thinkers, they don't follow the crowd, they don't seek general consensus as you do. Trading is not black and white.

Just pick whatever method you believe in and slowly start improving that method. Learn from your trading journals. Start focusing on YOU, you're the biggest factor in your trading, otherwise next year you'll be facing the same dilemma that you're facing today. The holy grail you're seeking is within YOU, stop placing responsibility for your lack of success on things that you cannot control. Start seeing where the real struggle comes from.

Ed Seykota said it best; "Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."

Until you will understand the true meaning of the above quote, and until you grasp what trading is actually really about, you'll be wasting your time (and money).

All the best

 

echo the thots of consistent & redneck

OP, u seem like a smart guy - so i'm surprised ur even thinking of trusting the BS analysts who appear on TV ...

my tips

1. stop tryin to understand why the mkt is up/down

2. rel to 1. , ....chuck "funnymentals" & become a purely tech trdr

of all the inputs into systems - the only undeniable objective reality is price action
all else is just a bunch of assmpns

as a purely tech trdr , u have a cleaner context in which to analyze errors & improve

wi "funnymentals" u can always find some reason for +/-
hav u ever seen an economist who was ever wrong?


just my 2 c

 

And you will see that's it's really hard, in fact I was still fighting against consensus until now.

I just see what Mr Seykota says to us... thx Mr Consistent. I never saw it in this light...

 

With deference to Seykota's fame, this statement is a pant load.

 

By limiting the sentence rightly you help me a lot...

Would Mr Seykota have said that trading is the act of helping to clean others people spirits and souls ?

 

I think that was Doug Allen.

 

trial and error is how we learn..

the amount of time and work it took me to become a successful trader is absolutely ridiculous..

 

Exactly what i want to say..Trading is just gamble...

Easy Forex