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  • 10 Things Foolish Traders Do

    From newtraderu.com

    They say things like “I have been pounding the table on this trade” or want some kind of brownie or cookie for “calling some market movement” it is about making money not wanting to be pet on the head for being “right”. Foolish traders are focused on predicting the future instead of trading what is happening in the present. There are no crystal balls or time machines and the future does not exist until it gets here. Trading signals happen in the present moment foolishness happens trying to predict the future movements. Foolish trades trade so big it doesn’t matter how much profit they make because they ... (full story)

11. Foolish traders read nonsensical articles from newtraderu.com
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
11. Foolish traders read nonsensical articles from newtraderu.com
lol dead right pip anon.
  •  Guest
  • | IP XX.XXX.117.17
Come on we all do foolish things some time. Even the most profitable traders do it too human nature lol. Like when I support to enter buy, but instead i press sell during nzd interest rate decisions lol ouch.
yeah, I allow myself to do whatever with 1/100 of size when I am fully disciplined. I think it is essential else frustrations may be expressed with full size and couple of times and you down big.
Quoting Pip Anon
11. Foolish traders read nonsensical articles from newtraderu.com
Your point is better than all the 10 points combined.
Quoting Pip Anon
11. Foolish traders read nonsensical articles from newtraderu.com
yes u have sumed it up better than newtraderu.com..they should be at the top of the list
very wise observation
So according to pip anon...all ya'll and he are foolish traders.
Quoting Russell412
So according to pip anon...all ya'll and he are foolish traders.
didn't read it so pip Anon is correct
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Consider yourself an apprentice until you really know what you are doing, until which time you are a student/apprentice. Therefore there are no foolish traders, only foolish students.
"There are no crystal balls or time machines and the future does not exist until it gets here. Trading signals happen in the present moment foolishness happens trying to predict the future movements."

Unless you've done your homework. More lies about the market. If you've done your homework, you may, in fact, have a "crystal ball"... contrary to popular opinion. If, in fact, it is "all random", then we truly are idiots for risking our hard earned $. The truth is, the the market is anything but random. It is highly calculated. There is a reason for everything. Period. Keep doing your homework, it will pay off... ;-)
Quoting Russell412
So according to pip anon...all ya'll and he are foolish traders.
Basically lol. Not so foolish for reading, just foolish for utilizing as sound advice.
When the facts change I change my mind, what do you do sir
Quoting peaceland
"There are no crystal balls or time machines and the future does not exist until it gets here. Trading signals happen in the present moment foolishness happens trying to predict the future movements."

Unless you've done your homework. More lies about the market. If you've done your homework, you may, in fact, have a "crystal ball"... contrary to popular opinion. If, in fact, it is "all random", then we truly are idiots for risking our hard earned $. The truth is, the the market is anything but random. It is highly calculated. There is a reason...
Agreed. I must be the rare crystal ball. I don't get it right ALL the time, but I can say 80-85% of my forecasting is in the money. That's good enough for me.

Just like in school, if you don't do your homework you either struggle or flunk out.
When the facts change I change my mind, what do you do sir
NewtraderU is such a scam. The guy who runs the site isnt even a full time trader and just pumps out books and constantly makes mention of them in every conversation that goes on in his joke of a Facebook group (richtradersnewtraders) full of part time traders acting like they know it all

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  • Posted: Jun 24, 2014 4:59pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 13  /  Views: 3,801