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The brutal truth of day trading

  • #3,021
  • Aug 8, 2021 11:34pm Aug 8, 2021 11:34pm
Quoting Wags
{quote} After reading this i really feel this forum is way to far beneath you, perhaps you should be hob nobbing with people who can create their own liquidity like yourself obviously Why waste your time with the likes of us
Wags,

Simple. I have something to contribute and I don't really care who gets insulted or offended or doesn't "agree". That's not to say I am completely disrespectful for the sake of being that, I just don't see the point in dancing around an issue. People don't have time anymore because they're far too busy chasing rather than learning.

This is what I see with many people ......


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As to why I am here saying anything ....


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I've learned that the total years someone has been on this site or been "trading" has little to no weight re: what they have learned in step with real wisdom not just pretty charts or congenial lingo. If someone is gullible enough to believe that if someone else uses different language this automatically means they are false or inexperienced, then they deserve to be taken for a ride.

The silliness of people here who try and convince others that "I am selling pdf's" is so silly and absurd that if you look at them and their content front to back, there's nothing at all re: product or service, nothing. I don't mentor or provide 'training' and never have. People on here just don't like certain things being said. It's not and never has been about superior vs inferior, that's how an egotistical intellectual thinks.

To me it's not a waste of time or energy. Creating liquidity is merely about point of view and its context, nothing to do with what 'many people' in the trading community will have people "believe".

I hope that helps clear things up for you.


Peter
Real Trading is not gambling.
  • #3,022
  • Aug 9, 2021 1:09am Aug 9, 2021 1:09am
Attached Image
  • #3,023
  • Aug 9, 2021 1:33am Aug 9, 2021 1:33am
I thought Peter Pan was ignoring me -
Trading thin liquidity at the boundary of the charts
  • #3,024
  • Aug 9, 2021 4:05am Aug 9, 2021 4:05am
Quoting PeterCaleb
The silliness of people here who try and convince others that "I am selling pdf's" is so silly and absurd that if you look at them and their content front to back, there's nothing at all re: product or service, nothing. I don't mentor or provide 'training' and never have. People on here just don't like certain things being said.

Lmao i too am not sure why they are so sure you have something to sell but i can totally understand why forum old timers would feel that way.
There seems to be a familiar pattern unraveling most times when you post...and it's not your fault, just the bad eggs who have set the precedent before you.

Usually faux wise words/sayings/stories followed by unverifiable claims of a long profitable trading history or affiliations in the finance world then crowned with daily inspiration for the greenhorns or the occasional condescending remarks towards people who demand some verification of claims.
These people most often never engage in actual real time trading... so one often wonders "What the fruck are you planning if all you have to provide is stories and "trust me bro" claims?

Again, i don't know you but iv'e read a couple of your posts here, liked a couple, but even i sometimes wonder if you're like Mark douglas who seemed to have the psychological and philosophical theoretical aspect of trading all figured out but couldn't actually perform profitably in the market.

Lol also for some reason, you always seem to feel the need to defend yourself each time someone "trolls" you. I can't understand why you care so much about that crap.
  • #3,025
  • Aug 9, 2021 4:25am Aug 9, 2021 4:25am
Quoting Koop
{quote} Lmao i too am not sure why they are so sure you have something to sell but i can totally understand why forum old timers would feel that way. There seems to be a familiar pattern unraveling most times when you post...and it's not your fault, just the bad eggs who have set the precedent before you. Usually faux wise words/sayings/stories followed by unverifiable claims of a long profitable trading history or affiliations in the finance world then crowned with daily inspiration for the greenhorns or the occasional condescending remarks towards...


For clarification : Character.


Peter
Real Trading is not gambling.
  • #3,026
  • Aug 9, 2021 1:20pm Aug 9, 2021 1:20pm
Quoting PeterCaleb
{quote} For clarification : Character. Peter
man, put up some of your live trades.
and then you will have credit.
because until then it's just a lot of bullshit you're saying.
  • #3,027
  • Aug 9, 2021 1:38pm Aug 9, 2021 1:38pm
Quoting tiborf71
{quote} man, put up some of your live trades. and then you will have credit. because until then it's just a lot of bullshit you're saying.
It might sound tempting to read and listen to what I call stories but I can tell you with certainty, 99.99% of the content here is complete nonsense. People just love telling stories, creating stories, etc. The brutal truth is "Those who know don’t talk. Those who talk don’t know..." Some are going to get emotional right away from reading this and get defensive but if they just stop and think about this for a moment, or even put themselves in the shoes and pretend they figured out the markets, they'll realize this is the brutal truth.
  • #3,028
  • Aug 9, 2021 1:45pm Aug 9, 2021 1:45pm
Quoting ohyeah
{quote} It might sound tempting to read and listen to what I call stories but I can tell you with certainty, 99.99% of the content here is complete nonsense. People just love telling stories, creating stories, etc. The brutal truth is "Those who know don’t talk. Those who talk don’t know..." Some are going to get emotional right away from reading this and get defensive but if they just stop and think about this for a moment, or even put themselves in the shoes and pretend they figured out the markets, they'll realize this is the brutal truth.
Any adult with a brain knows that. Who in this world who found a way to make money tell it on forum? Or discord group?

Hey people, let me teach you how to make millions! I am your saviour!

FF reads like a kids forum.

That's the brutal truth about FF.
Know what you trade
  • #3,029
  • Aug 9, 2021 1:59pm Aug 9, 2021 1:59pm
Quoting BWilliam
{quote} Any adult with a brain knows that. Who in this world who found a way to make money tell it on forum? Or discord group? Hey people, let me teach you how to make millions! I am your saviour! FF reads like a kids forum. That's the brutal truth about FF.
there might be people, not millionaires jet but searching and maybe found something and then share... and maybe after 5 years will be millionaires. maybe all point is to read newbies posts and maybe some bright idea will come up? who knows..

for example, you can take me.. sharing everything. all audited. super simple strategy - buy the dips.. 5 months now working... who knows what will be after 3 years. but yes if become a millionaire won't be here anymore. but for now - I'm nobody.

Attached Image (click to enlarge)
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5 months consistent 9% monthly profits. using SL (13% of account).

Somehow FF signature TE wont update anymore.... stay on 43%...
  • #3,030
  • Aug 9, 2021 2:12pm Aug 9, 2021 2:12pm
Quoting BWilliam
{quote} Any adult with a brain knows that. Who in this world who found a way to make money tell it on forum? Or discord group? Hey people, let me teach you how to make millions! I am your saviour! FF reads like a kids forum. That's the brutal truth about FF.

You on the
  • #3,031
  • Aug 9, 2021 8:33pm Aug 9, 2021 8:33pm
Quoting tiborf71
{quote} man, put up some of your live trades. and then you will have credit. because until then it's just a lot of bullshit you're saying.

I said character, nothing to do with people's own personal interpretations of credibility.


char·ac·ter
/ˈkerəktər/


Biology
noun

  1. 1.
    the mental and moral qualities distinctive to an individual.
    "running away was not in keeping with her character"

Real Trading is not gambling.
  • #3,032
  • Aug 9, 2021 10:01pm Aug 9, 2021 10:01pm
Quoting PeterCaleb
{quote} I have something to contribute and I don't really care who gets insulted or offended or doesn't "agree". That's not to say I am completely disrespectful for the sake of being that
This made me laugh...
  • #3,033
  • Aug 9, 2021 11:14pm Aug 9, 2021 11:14pm
I reckon conventional wisdom needs to be updated from time to time. And what we're seeing on this thread and others is doing this. Please everyone keep it up.


Arnie
I believe simple is best
  • #3,034
  • Aug 10, 2021 12:05am Aug 10, 2021 12:05am
Quoting GEfx
{quote} This made me laugh...
Your laugh make me sad...
  • #3,035
  • Aug 10, 2021 12:20pm Aug 10, 2021 12:20pm
Quoting ohyeah
{quote} It might sound tempting to read and listen to what I call stories but I can tell you with certainty, 99.99% of the content here is complete nonsense. People just love telling stories, creating stories, etc. The brutal truth is "Those who know don’t talk. Those who talk don’t know..." Some are going to get emotional right away from reading this and get defensive but if they just stop and think about this for a moment, or even put themselves in the shoes and pretend they figured out the markets, they'll realize this is the brutal truth.

Sorry buddy,

THOSE WHO KNOW NEVER PROVE ANYTHING ANYMORE.
THOSE WHO KNOW, WILL LET AMBIGUITY FLOURISH
TO ALWAYS PROFIT FROM UNCERTAINTY AND RANDOMNESS

THE BEST THING TO KILL YOU IS TO ALWAYS MAKE YOU CONFUSE FIRST
TO MAKE YOU UNCERTAIN AT ALL TIME IN PROBABILITY
I WILL DO EVERYTHING TO MAKE YOU IN UNKNOWN TERITORY
SO ... YOUR FEAR ALWAYS YOUR REACTION
  • #3,036
  • Aug 10, 2021 9:40pm Aug 10, 2021 9:40pm
Quoting deanyakobs
{quote} Sorry buddy, THOSE WHO KNOW NEVER PROVE ANYTHING ANYMORE. THOSE WHO KNOW, WILL LET AMBIGUITY FLOURISH TO ALWAYS PROFIT FROM UNCERTAINTY AND RANDOMNESS THE BEST THING TO KILL YOU IS TO ALWAYS MAKE YOU CONFUSE FIRST TO MAKE YOU UNCERTAIN AT ALL TIME IN PROBABILITY I WILL DO EVERYTHING TO MAKE YOU IN UNKNOWN TERITORY SO ... YOUR FEAR ALWAYS YOUR REACTION


A person needs to start with what they know, regardless of how simple or basic it is.

Eg -

=A person knows these markets exist in one form or another.
=For FX, learning the basics of how two currencies can be matched up to move around the way they do.
=Piece together the 'conventional wisdom' of the day - this is what people would usually respond with, when asked to explain or describe the overall situation of eg FX or stocks.
=Accept that the markets are not 'fair' as if everyone is/should be playing by the same rules. This is partially why so many fail or give up. They think or believe the markets should be benevolent. But "money" does different things to different people. Some will lie, deceive, exaggerate or omit. Some are forthcoming but get shunned or become an outcast for speaking about some things that others would rather keep hidden or secret or out of the public eye. And others simply have a problem accepting they're not at the top of the food chain. Whatever it is, is has little to do with information.
=The pecking order of knowledge is a perception. Nothing more.
=A person can access the world far enough now to put together the blueprint of the markets, even if you cannot see every little shadow.
=A person can look at, identify and access the assets they bring with them into their trading activities.
=A person must accept that reality is very different to the stories people hear or are told.
=A person must quickly learn that data and information does not show the situation in an accurate light.
=A person knows a market goes up and down.
=A person must accept that good or bad, a market and its participants are aiming for similar goals however the methods may differ.

And a person needs to acknowledge what they don't know or understand. THIS is a very hard one for people who haven't been trading for long enough to observe or experience the abnormal or "bad" things that can happen. Or worse still, they've been trading for a while and begin to believe their own "press" and start to believe they are less like other people and "better" or something else.

The problem that is now in the world is when someone who is lacking basic processes of thinking (as a human being LONG before anything to do with trading), assuming that modern thinking is "enough", that modern knowledge is the pinnacle, believe their own assumptions so strongly that they will argue right up til the moment they walk off that cliff. This site and society's history is riddled with examples. Only those people who have experienced the abnormal or bad things, can better appreciate the mere possibility of it happening, before even considering being ready for it.

Now you may think this is all BS. That's fine. But trading is not unlike any activity, either you face the basic reality or you fail to act. I find it "coincidentally convenient" that so many people who try their hand at trading, in some way, mainly seem to try only a few "styles" before they are 'persuaded' to try and match their 'personality' with a style. And if this 'works' for them they brand that idea as the way to do it. Not realizing it usually has nothing to do with what other people are "telling them".

I've only been on this site since Nov 2020 and already I've noted - predators, crusaders and false crusaders, genuine helpers and false helpers, attempted/scammers and alleged scammers, try-hards and wannabe's, people with issues of superiority and inferiority, people with a grudge/a chip on their shoulder, troublemakers and those who genuinely want to learn and or improve. I've noted people who lack the basic respect for privacy and those who cannot tell the difference between real reality and digitized metaphor.

As for those things you don't know. Well, some can be researched. But truthfully, how are people to learn so they can benefit in ways that aligns with their initial interest in trading? Certainly not by blindly trusting someone you just met on a website, including me. So how? People get conned or manipulated by not taking the proper responsibility for their own thinking and research. It's a simple as that.

Naturally many here will poo-poo this but ... THEN, you know something new, don't you. You know those people cannot be helpful or trusted. Because those people who exhibit any disagreement with using basic common sense MUST have a reason for reacting/responding in that way. Not for YOUR goals or reasons for wanting to learn and improve, but for theirs.

The markets have always operated the same way, even if technology has advanced. If this is unclear to people, go to a local bazaar or local markets and observe people in action inline with their products, services and cash. It's always the same. Your device doesn't determine your thinking, you do.

Learn the principles and the fog will lift. And all the ambiguity and misnomers and all the other rubbish people think is so important will diminish. Trading in some ways is similar to being a mechanic. Gain a blueprint style understanding and knowledge base that is NOT determined by "people" and what they "say" but based on mature knowledge and competency. Never assume, always do your research and always be as thorough as possible.

A real trader does this because they want a future with their trading, not just money now. It's always been this way, the lazy perish and the driven prevail. But it's your choice, take it or leave it.


Peter
Real Trading is not gambling.
  • #3,037
  • Edited Aug 11, 2021 1:21am Aug 10, 2021 10:38pm | Edited Aug 11, 2021 1:21am
Quoting PeterCaleb
{quote} A person needs to start with what they know, regardless of how simple or basic it is. Eg - =A person knows these markets exist in one form or another. =For FX, learning the basics of how two currencies can be matched up to move around the way they do. =Piece together the 'conventional wisdom' of the day - this is what people would usually respond with, when asked to explain or describe the overall situation of eg FX or stocks. =Accept that the markets are not 'fair' as if everyone is/should be playing by the same rules. This is partially...

What is that ?
  • #3,038
  • Aug 11, 2021 12:47am Aug 11, 2021 12:47am
Quoting deanyakobs
{quote} What is that ? Better chatting time than becoming keyboard warrior. You Peter know everything but you like lead people Goong around and spin our butt and hair.


Is that right?

Mmmm, I thought I just simplified it nicely. Perhaps you prefer to struggle instead of having a clear and present representation.
Real Trading is not gambling.
  • #3,039
  • Aug 11, 2021 4:37am Aug 11, 2021 4:37am
Quoting gepards
{quote} there might be people, not millionaires jet but searching and maybe found something and then share... and maybe after 5 years will be millionaires. maybe all point is to read newbies posts and maybe some bright idea will come up? who knows.. for example, you can take me.. sharing everything. all audited. super simple strategy - buy the dips.. 5 months now working... who knows what will be after 3 years. but yes if become a millionaire won't be here anymore. but for now - I'm nobody. {image} 5 months consistent 9% monthly profits. using SL...
How is it possible not a single drawdown?

Are the trades open yet?

I know the question is maybe too personal, so no issues if you wish not to answer it.

Regards.
  • #3,040
  • Aug 11, 2021 4:41am Aug 11, 2021 4:41am
Quoting scherzi
{quote} How is it possible not a single drawdown? Are the trades open yet? I know the question is maybe too personal, so no issues if you wish not to answer it. Regards.
That only shows all trades closed in profit which is great but DD is not on that chart
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