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The brutal truth of day trading

  • #861
  • May 20, 2021 9:31pm May 20, 2021 9:31pm
Quoting PeterCaleb
The difference between me and people like you
Quoting PeterCaleb
I'm not the fool here.
Quoting PeterCaleb
I wouldn't waste a bucket of piss on your kind.
Quoting PeterCaleb
...then they deserve everything they get.
A lot of frustration in this post, these aren't things a calm person would say. I'm kinda worried you're going to give yourself a heart attack or stroke.

Oh and give Alan Greenspan my best.
  • #862
  • May 20, 2021 10:03pm May 20, 2021 10:03pm
Quoting PeterCaleb
There was a time once, where "trading" was unavailable to normal people, yet they still needed to be able to think. The difference between me and people like you Gefx and RickM etc, is that regardless of who I am, only the weak minded and impressionable are going to be impressed by people like you. Why? They don't know any better. I don't care if you have lunch with the queen once a year. I have shown you are just an intellectualite. Maybe you trade maybe you don't. Who cares. I deliberately create disjointedness in what I write because 1. I do...
lmao how do you have so much spare time.
  • #863
  • May 21, 2021 12:22am May 21, 2021 12:22am
Quoting PeterCaleb
here we are, watching "Johnny" still chasing that next bit of information. As if there is no where in the world where that info is accessible, except here.
Peter... strange you are so involved and attached to this forum like it is only place in universe where people are talking.

It seems you do not value your time at all... If you spent it with "fools" like us.

You might be dangerous sick person like maniac who shoot childrens in Kazahstan school. He declared himself as "God" who "cleans world out of garbage". He treated people as garbage.

To avoid possible harm you can do i will contact FF admins to pay attention to your posts and take appropriate measures accordingly.
  • #864
  • May 21, 2021 7:46am May 21, 2021 7:46am
Quote
I already saw and made known to maverick that he/she has personal issues and that they are interfering with their approaches and understanding ........... AND ...... here we are, watching "Johnny" still chasing that next bit of information.

Did you not read my previous post? There is a lot which needs answering. Like thinking about thinking, you will never stop thinking about this, will you?
A trade should be based on an assumption based on facts
  • #865
  • Edited 9:56am May 21, 2021 9:41am | Edited 9:56am
This thread has been for while negative tone. What are other side of brutality.

How about postive things of trading full time ?

I have found comfortable shoes which fit me.
I understand more how much politics lies and not understand about economics.
My job is where I am.
I have learnt lot of about myself.
Everyday is different,even it looks same.
I can use full potential of my past experience.
I wake up when I want wake up.

I may sound Peter, sorry about that.

Nice weekend for Peter, GfX,Maverick,Joyny,Rick,ruyruy and everyone.
  • #866
  • Edited 10:48am May 21, 2021 10:18am | Edited 10:48am
Quoting kk100
This thread has been for while negative tone. What are other side of brutality. How about postive things of trading full time ? I have found comfortable shoes which fit me. I understand more how much politics lies and not understand about economics. My job is where I am. I have learnt lot of about myself. Everyday is different,even it looks same. I can use full potential of my past experience. I wake up when I want wake up. I may sound Peter, sorry about that. Nice weekend for Peter, GfX,Maverick,Joyny,Rick,ruyruy and everyone.
For me trading full time has several advantages:

1. No traffic jam and no time wasting to get to work.
2. You can change country, place, trade from any place you like.
3. No bosses, no meetings, no suits and ties.
4. I can create. I love to create, test, implement. And I can do that.

Disadvantages:

1. No pension
2. No vacations
3. Pretty stressful (but more you trade less stress, just don't care much)
Observer effect
  • #867
  • Edited 10:47am May 21, 2021 10:30am | Edited 10:47am
Quoting ryuryu
{quote} For me trading full time has several advantages: 1. No traffic jam and no time wasting to get to work. 2. You can change country, place, trade from any place you are. 3. No bosses, no meetings. 4. I can create. I love to create, test, implement. And I can do that. Disadvantages: 1. No pension 2. No vacations 3. Pretty stressful (but more you trade less stress, just don't care much)

Yes So true couldnt think about living big cities and have to go office.
About boss, you have not kind boss because its tougher than anyone else,because its you.
I think the stress will fade away when all pieces lock together and need little bit fine tuning, maybe risk management dunno.
and Yes could be creative its salt and pepper. I think Joyny agree this because he is developing strategies.

Creativness and learning, this week i have seen these sinewaves of multiple instruments, Rick sometimes talk about sinewaves,
and I got Lamp burning, when i saw so many these bell curve price actions. I have been looking those too narrow eyes.
  • #868
  • May 21, 2021 11:06am May 21, 2021 11:06am
Quoting kk100
This thread has been for while negative tone. What are other side of brutality. How about postive things of trading full time ? I have found comfortable shoes which fit me. I understand more how much politics lies and not understand about economics. My job is where I am. I have learnt lot of about myself. Everyday is different,even it looks same. I can use full potential of my past experience. I wake up when I want wake up. I may sound Peter, sorry about that. Nice weekend for Peter, GfX,Maverick,Joyny,Rick,ruyruy and everyone.
On the other side of brutality is,
Freedom
More self-awareness
Have found something I can do the entire day
Time flies by
Learn everyday
More awareness of the world and realization that everything is inter-connected
Watching the same old market do new things everyday i.e. everyday is different
Knowing that anything can happen at any time
More flexibility in thoughts
Understanding of why we do what we do
Always having time to spend with family
Becoming more disciplined
Becoming more decisive in everything

Thanks for your time Kk. Have a good weekend. I'll be sitting and watching level II and Time & Sales. Sounds like more questions will be answered and asked.
A trade should be based on an assumption based on facts
  • #869
  • May 21, 2021 12:45pm May 21, 2021 12:45pm
Quoting PeterCaleb
There was a time once, where "trading" was unavailable to normal people, yet they still needed to be able to think. The difference between me and people like you Gefx and RickM etc, is that regardless of who I am, only the weak minded and impressionable are going to be impressed by people like you. Why? They don't know any better. I don't care if you have lunch with the queen once a year. I have shown you are just an intellectualite. Maybe you trade maybe you don't. Who cares. I deliberately create disjointedness in what I write because 1. I do...
1. The challenge remains on the table.
2. Please keep RickM out of this. I'm sure he has better things to do.
3. The challenge remains on the table.
4. Thanks for admitting that your communications style is disjointed. Next, maybe you can admit to being a narcissist, and suffering from delusions of grandeur.
5. The challenge remains on the table.
6. My white paper is really interesting, and you would never qualify to join the trading group.
7. The challenge remains on the table.
8. You were never able to link bank debt liquidity to forex trading volume, because a link does not exist, nor do you really understand bank debt liquidity. Bringing this up again makes you look foolish.
9. The challenge remains on the table.
10. Please keep Maverick out of this.
11. The challenge remains on the table.
12. Please keep Allen Greenspan out of this. He retired in 2008 and has absolutely nothing to do with anything going on in this thread. Bringing him up is another example of your confused, disjointed thinking.
13. And finally, the challenge remains on the table.

You are a fraud. You are a bully. There is no basis, whatsoever, for your arrogant and dismissive attitude. It's time to put up or shut up, Peter. The challenge remains on the table.
  • #870
  • May 21, 2021 4:31pm May 21, 2021 4:31pm
Why people follow Peter? And why not me?

I compare Peter followers 31 vs mine 4... Don't know Peter's trading results but marketing he knows far better than me.

Look at my thread - it is quite honest, I published various strategies backed with backtests statistics, publish live account with real money on myfxbook... Some accounts (strategies) working great.

What do I need to improve to get some diamond near my nickname?

People please tell what good you get from Peter posts? And what I need to add in my posts so you start to follow me too? Why you follow somebody? What you expect by folowing?
  • #871
  • May 21, 2021 4:52pm May 21, 2021 4:52pm
Quoting gepards
Why people follow Peter? And why not me? I compare Peter followers 31 vs mine 4... Don't know Peter's trading results but marketing he knows far better than me. Look at my thread - it is quite honest, I published various strategies backed with backtests statistics, publish live account with real money on myfxbook... Some accounts (strategies) working great. What do I need to improve to get some diamond near my nickname?...
Who cares that you spent 10000 hours creating your algo? People need magic! Peter offer the magic! Do nothing, spend no time. And win. That's why you will never have subscribers but he will.

EWhat 99% people doing here? They are searching for free holy grail strategy. And it is better if it will be EA. To run and forget. And earn. That's why idiotic threads like Trading Made Simple still exist for 10+ years and attract people.
Observer effect
  • #872
  • May 21, 2021 4:54pm May 21, 2021 4:54pm
Quoting gepards
Why people follow Peter? And why not me? I compare Peter followers 31 vs mine 4... Don't know Peter's trading results but marketing he knows far better than me. Look at my thread - it is quite honest, I published various strategies backed with backtests statistics, publish live account with real money on myfxbook... Some accounts (strategies) working great. What do I need to improve to get some diamond near my nickname?...
Just keep your strategies for yourself man, no point in trying to help people on here, most people come here just to look for holy grails and read drama. The real will figure it out and trade on their own using their own systems.
  • #873
  • Edited 11:33pm May 21, 2021 10:44pm | Edited 11:33pm
For the people who still believe that scalping or trend trading are "different", or that genuine fundamental analysis is in any way different to technical all boils down to context.

Literal (Most modern day people) thinkers relate to these things as if they are 'categories', when in fact, in real life they are only descriptive tools.

For gefx ... how about this, you tell me how old you are and how long you've been trading consistently year in and year out and I'll do the same. You see, where I come from, "consistent" actually means year after year.

I've been trading consistently since early 80's and before that I worked on the floor trading. So how about you?

You see, I grew up learning that any overnight success or fly by night achievement is pointless. What I do supports my family not my ego or pride. That in itself is all the proof I need that I know what I'm talking about and that someone who is "interested" in white papers is not of the real world where you have to seek out what is real and true because your own money is on the line.

As to Debt Liquidity, you foolish academic, here's speaking plainly ....

The old school way of trading ANYTHING is to get to its heart or the root of its existence and THEN build an understanding of what it is and what you're dealing with in real time and in real life. Perhaps I should have used smaller words I don't know, maybe you're simply not accustomed to looking at things from many different perspectives but instead like to reminisce back to your school days and believe that academia can get you out of any tight spot where you're out of your depth.

All this idiocy that people go on about where the FX markets are "decentralized" .... do people even know what that means ...I mean beyond the pathetic chatter that everyone else says? Beyond the technical literal? It means (if you actually a proactive trader) if you want to understand it you need to dig deeper into the information and financial landscape to appreciate how things happen and why.

So in very very simple language, what I do is not much different to what a serious investment trader does. Look at real life and see the domino effect that creates the volume and then the market activity. Now, are you seriously going to tell me that you do not understand that process? ....... Being a "trader" that you are? Fools react to market pressures and let other people "tell them" what the "news" is while some people can see the situation because they look. That's it in a nutshell. It's a simple case of lazy, blindly obedient and immaturely audacious vs sensible and investigative.

People have done it in business for millennia. What I have found is people like you possess no way to move past this idea of "decentralized" and are "stuck" in your silly narrative. I know what I am saying is possible because I do it everyday. There is indeed a direct and indirect connection between what motivates the actions and the volume, but a data junkie cannot quantify that because they're lazy and do not understand people and society. They only know numbers and "facts".

The world is made up of people you ignorant person. The data and volume come after. For someone who says a lot about trading this is one lesson you haven't learned. PEOPLE send orders to market. And computerized systems do the bidding of that person. SO there's no magic here. And no lies. I am old school. I look at reality not the data because data alone is usually either wrong or incomplete and therefore insubstantial.

Just because YOU do not understand how to do something, has nothing to do with anything but your ignorance.

There is Life psychology then there is man made psychology and you have failed at both.

What you don't understand is this - in one context, you and me .... we're nobody. But the rules are the same and the lessons are the same.

For each person either you learn or you become the focus of someone else's learning.

RickM and people like that are the same. Take the explanation, information and knowledge and twist it to suit their needs and perspective..... instead of actually learning something real.

As to other people here who think me a liar or coward or something else ..... grow up and get off this forum and go learn something real.

Literally most of the crap on this site is SO far from reality that you'd need 50 dump trucks to try and scrape it clean and yet you'd still be no closer to learning anything real. If someone is satisfied with being a loser who speculates, is it surprising that "Life happens to you" instead of just being observant?

Seriously speaking, depending on time allocation, if it takes you more than a few years to properly learn what's needed to trade, then you've got problems. And NONE of your peers show any sign of having any answers because they have no clue themselves. Instead of arguing, just keep quiet and look.

They say the same things and keep reinforcing the status quo. Realistic traders know this, that's why they laugh at you. Not because of issues of grandeur, Because they see people going in circles, learning nothing and defending opinion instead of just relaxing and learning.

So to all who "look up" to the likes of "GEfx" or "RickM" and any other person who thinks chatting about bankers and volume is the answer and even close to being real life ...... at some point you're going to have to step out on your own. Where these people can't teach what they clearly and simply don't know.

And of course, for the dicks who need a baseball bat to clear out the cobwebs so they think better, none of this is about me. I've done my dash. Made my money and can see that "peers" does not translate into knowledge and competency, it means safety in numbers, like cattle ... or sheep.

Being a trader is about being well-rounded and you would already know this to be true if you simply assumed for a week, that most people are just plain wrong about so much of what they believe they know.

Real life tends to have a fantastic way of sorting out the dickheads from the genuine people. If you don't think for yourself you wouldn't know the difference.

Happy camping.


Peter
Real Trading is not gambling.
  • #874
  • Edited May 22, 2021 6:28am May 21, 2021 10:54pm | Edited May 22, 2021 6:28am
Quoting gepards
Why people follow Peter? And why not me? I compare Peter followers 31 vs mine 4... Don't know Peter's trading results but marketing he knows far better than me. Look at my thread - it is quite honest, I published various strategies backed with backtests statistics, publish live account with real money on myfxbook... Some accounts (strategies) working great. What do I need to improve to get some diamond near my nickname?...
Are you on FF to seek attention ? Use chit chat and bad mouthing a few people and systems.Like politicians, make provocative comments

Are you on FF to help improve yours and others trading? Focus on improving your own trading and forget about others.

Posting blogs and reviewing own trades in writing does help in a big way to improve own trading.

Why do you think you get freebies from veterans in the form of analysis, ideas, and trading recommendations in spite of them not having any commercial agenda?
Look for those guys with a due diligence and quality control kit in hand. No blind following. After all it's your own money at stake.

Sorry, FF is populated by signal seekers, name callers, own ego massagers , wannabe traders knowing a few technology tricks entertaining notions of being very close to the holy grail (residing on FF since the advent of FF in 2006) and a whole spectrum of blinkered readers pretending to be Gurus or learners.
Practice makes a person perfect
  • #875
  • May 22, 2021 12:56am May 22, 2021 12:56am
Quoting ryuryu
{quote} Who cares that you spent 10000 hours creating your algo? People need magic! Peter offer the magic! Do nothing, spend no time. And win. That's why you will never have subscribers but he will. EWhat 99% people doing here? They are searching for free holy grail strategy. And it is better if it will be EA. To run and forget. And earn. That's why idiotic threads like Trading Made Simple still exist for 10+ years and attract people.
It's like gold rush in Klondike. Everybody try to find some gold. Few finds. All the rest loose money and then gradually lose hope. And then in Klondike was various services which earned a lot money from all avanturists: transportation, gold digging tools sellers, alchachol sellers, food sellers, entertainment sellers. Then was circulated maps with glues where to find gold. Then there was gold mining communities which tried to find gold together. Then there was criminals who faked naive people in various ways. All this because gold rush trend existed. When there is hype on something and crowd of interested people forming then it is possible to earn good money by providing services.

Gold mining attracts avanturists. Go to river, collect some gold and have money for the rest of your life. "No need to work" anymore. "Do whatever you want" as rich person. No more slavery under any bos. Freedom.

There was a lot hotels and bars where new wanabies attended and in those places were sitting "serious wise mens" drinking their visky and talking various "secrets" how to find gold.

And then threre are huge mining corporations which use various industrial methods to realy mine gold and realy make profits.
  • #876
  • May 22, 2021 2:08am May 22, 2021 2:08am
Peter its so easy, get respect from all of us. Join and show your skills.
I have been Profitfarmers chat room, and i respect all of those who make they live calls.
So far i think you are ex floor trader who couldnt adapt change, and now shouting here and not on floor.

--------------------

This thread has so much poison as so many other threads in forexfactory

For me trading is same as buying fucking carrots from market square , i dont need to think nothing or have no emotions.
Fast in fast out.

People make things too complex, and thinking they are genious and most clever people on earth, some kind of Mars planetary explorers.

when you found how to trade you will laugh yourself and how easy it is, All time waisted reading and study, took away from your important thing, live laugh and joy.

I am done with this forum. WHat the fuck i was doing here.

keep your jack.


I dont care is people newbies or background from finance, Have seen more pros who fails than succes.

People who has strong opinions and shout here, should step in ring, and not whining here.
  • #877
  • May 22, 2021 2:10am May 22, 2021 2:10am
Just a quick off topic note about communication, for those who are not well educated on the subject.

When a person attempts to communicate, it is incumbent upon the sender to be able send a message that the receiver can easily understand. If communication fails, it is not because the receiver cannot read or hear, it is because the sender cannot write or speak effectively. The onus of communication is never, ever, on the receiver. It is always on the sender.
If you are good at something, never do it for free--Joker
  • #878
  • May 22, 2021 2:28am May 22, 2021 2:28am
If you don't have time to study the chart, just trade MOVING AVERAGES NOT CROSSING AVERAGES.
  • #879
  • May 22, 2021 2:30am May 22, 2021 2:30am
Quoting PeterCaleb
For the people who still believe that scalping or trend trading are "different", or that genuine fundamental analysis is in any way different to technical all boils down to context. Literal (Most modern day people) thinkers relate to these things as if they are 'categories', when in fact, in real life they are only descriptive tools. For gefx ... how about this, you tell me how old you are and how long you've been trading consistently year in and year out and I'll do the same. You see, where I come from, "consistent" actually means year after year....
"Literally most of the crap on this site is SO far from reality that you'd need 50 dump trucks to try and scrape it clean and yet you'd still be no closer to learning anything real".

50 dump trucks at least for your meaningless posts that don't hide the fact you can't trade because you don't seem to be able to identify with any trading concept's correctly.

honk honk, I hear another truck coming
Trading thin liquidity at the boundary of the charts
  • #880
  • May 22, 2021 2:48am May 22, 2021 2:48am
Quoting PeterCaleb
For the people who still believe that scalping or trend trading are "different", or that genuine fundamental analysis is in any way different to technical all boils down to context. Literal (Most modern day people) thinkers relate to these things as if they are 'categories', when in fact, in real life they are only descriptive tools. For gefx ... how about this, you tell me how old you are and how long you've been trading consistently year in and year out and I'll do the same. You see, where I come from, "consistent" actually means year after year....
many people who imagine themselves as gurus think that I will tell you what to think and what is good for you.
LOL.
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