Trading quacks & trading quack discussions

95 % of traders lose; a Google search confirms this. Just do a search on Google with 95% of traders lose psychology ,95 % of traders lose money.They end up on forums as teachers to new traders , 95% losers hang around trading forums, and forums are infested with losers who advise new losers on the forums. These traders have lost money, are unsuccessful, don’t know how to trade successfully, are advising new forum traders on how to make money trading.There are threads which discuss 99 % of traders lose.Trading forums are essentially the blind leading the blind.There is some good stuff on forums, but to find like a needle in a haystack.

Do you ever feel the poster is nothing more than a quack? (I often acted like one in early days).

examples of quacks
Scalping makes money (we search on google and learn 99 % of day traders lose money).

every retail amateur has a edge (all amateurs have zero edge , systems have zero edge ,only brokers have spread edge)

Charts have an edge , charts are only maps , maps don't have an edge.

I am candlestick price action trader( stochastics is a price action indicator)

One EA trading robot is adequate to make money( Mecedes factory uses over 1,000 robots).

Psychology is unimportant in trading( a headless chicken trades on my account)



There are 10,000 free systems , yet people are inventing more, yet 95 % lose (insanity is doing the same thing over and over again )

Don't do system hopping ,lose money on same system.

There are just some of the examples, but the thread is for lulz at useless discussions.Many people are just re-inventing the wheel.

What new traders can learn from this thread, is they need to ignore a lot of discussions and only follow quality factual discussions.

https://www.youtube.com/watch?v=jUsPTQpQ1q4

https://www.youtube.com/watch?v=-Ia3LerhUZ8

https://www.youtube.com/watch?v=En2jEzO-WCc

https://youtu.be/4y6qD_2SQrs

Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.

quack"buy dax , add more and more at lower prices to losing positions, accumulate , buy 1 get one free "


The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.

Buying dax today adding at lower prices

https://youtu.be/U1DMrt8dhn4

https://youtu.be/wKAu2cP0aHM

Manual trades

I was making 70 points , i wanted 100, it closed at break even.


Let your profits run is an expression that encourages traders to resist the tendency to sell winning positions too early. The flipside of letting profits run is to cut losses early. The way to make money as a trader, according to many, is to follow both of these pieces of advice.

This is advice from quacks

https://www.youtube.com/watch?v=85lpWoESHUM

https://www.forexfactory.com/showthread.php?t=809399

Today i do not make mistakes on dax. I NEVER MAKE MISTAKES

An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.

The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.

https://www.youtube.com/watch?v=5nHEXraQ8hw

mql5.com quacks

save move = lose money

HOW FOREX WORKS






https://www.youtube.com/watch?v=cSJjtuV0Mg8

buying dax today 12336 stop 100 , monday. signals are down and lagging

last trade closed b/e

I never lose money ,losses are long term investments.

The trend is your , it is only a dream. I trade Dax trends

https://www.youtube.com/watch?v=AM9V9GEjoy4