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Day Trading vs. Swing Trading vs. Position Trading 86 replies

Trading Clichés

  • #1
  • First Post: Jun 15, 2009 4:21am Jun 15, 2009 4:21am
Clichés in general can work there way into the popular consciousness and are repeated droid like by people without giving a thought if they are relevant or actually logical.

In trading we see this as newbies parrot them like brainwashed cult members. Let's list some, a few to get kicked off.

Look in the mirror and the holy grail will become apparent.
(Images of a newbie staring into the mirror for hours then blowing his account.)

Psychology and discipline is 90% of trading and MM can make any system profitable.
Economists have forecast 9 out of the last 5 recessions
  • #2
  • Jun 15, 2009 2:12pm Jun 15, 2009 2:12pm
A trader and a trading system is in some way like a swordsman and a sword.

Most traders are spending most of their time and efforts in finding a sharp sword or a frorento. They forget or simply ignore the fact that though a sharp sword does kill, the power is very much limited in a normal person's hand.

quote
Psychology and discipline is 90% of trading and MM can make any system profitable.
unquote

I translate your last sentence into another expression - A professional swordsman kills with any weapon.

Salute.
凹凸 only
  • #3
  • Edited 4:46pm Jun 15, 2009 2:15pm | Edited 4:46pm
Quoting Samuri
A trader and a trading system is in some way like a swordsman and a sword.

Most traders are spending most of their time and efforts in finding a sharp sword or a frorento. They forget or simply ignore the fact that though a sharp sword does kill, the power is very much limited in a normal person's hand.

quote
Psychology and discipline is 90% of trading and MM can make any system profitable.
unquote

I translate your last sentence into another expression - A professional swordsman kills with any weapon.

Salute.
I think you are missing the point.

I hate these analogies, trading and sword fighting have nothing in common, no wonder a undetermined percentage of traders fail listening to that BS.
Economists have forecast 9 out of the last 5 recessions
  • #4
  • Jun 15, 2009 2:59pm Jun 15, 2009 2:59pm
Your attitude proved another Cliché,

One can pour no more water into an already full glass.

Enjoy your trading.
凹凸 only
  • #5
  • Jun 15, 2009 3:59pm Jun 15, 2009 3:59pm
Quoting Samuri
Your attitude proved another Cliché,

One can pour no more water into an already full glass.

Enjoy your trading.
Thats a Cliche? It's more like stating the obvious.

Enjoy your sword fighting, remember dont mix up the two.
Economists have forecast 9 out of the last 5 recessions
  • #6
  • Jun 15, 2009 4:42pm Jun 15, 2009 4:42pm
Quoting markmm
I think you are missing the point.

I hate these analogies, trading and sword fighting have nothing in common, no wonder 95% fail listening to that BS.

probably the biggest cliche out there: 95%
  • #7
  • Jun 15, 2009 4:44pm Jun 15, 2009 4:44pm
Quoting blacksun1
probably the biggest cliche out there: 95%
True, but its also a cliche to say that 95% of traders failed is a cliche now. Ive fixed my post now.
Economists have forecast 9 out of the last 5 recessions
  • #8
  • Jun 15, 2009 4:53pm Jun 15, 2009 4:53pm
Quoting markmm
True, but its also a cliche to say that 95% is a cliche now.
as is that phrase and the one saying that phrase is a cliche is a cliche and so on and so on and etc. anything involving the number 95 i consider a cliche. trying to speculate on something that cant possibly be measured is freaking retarded (not saying you are dont worry). anyways, i understand what samuri is saying about sword fighting. first of all, he was having fun at your expense. he was going with the whole samuri thing. secondly, it's about the mindset of the thing. the mindset of sword fighting is similar to that of trading. you need to be aggressive and disciplined at the same time. make calculated risks at every opportunity. that sort of thing.

i think saying something is a cliche is a cliche
i think that cliches are cliches for a reason; there is always a truth behind a myth
i've always thought that cliche sounded like a coffee or ice cream flavor "two scoops of cliche with some chocolate jimmies please!"
  • #9
  • Jun 15, 2009 5:02pm Jun 15, 2009 5:02pm
Quoting blacksun1
as is that phrase and the one saying that phrase is a cliche is a cliche and so on and so on and etc. anything involving the number 95 i consider a cliche. trying to speculate on something that cant possibly be measured is freaking retarded (not saying you are dont worry). anyways, i understand what samuri is saying about sword fighting. first of all, he was having fun at your expense. he was going with the whole samuri thing. secondly, it's about the mindset of the thing. the mindset of sword fighting is similar to that of trading. you need to...
Still dont get the anaolgy with swordfighting, if you have proven edge all you need to do is apply it, simple. A better anology would be I have a rifle and all I have to do is pull the trigger at the right time.
Economists have forecast 9 out of the last 5 recessions
  • #10
  • Jun 15, 2009 5:05pm Jun 15, 2009 5:05pm
Quoting markmm
Still dont get the anaolgy with swordfighting, if you have proven edge all you need to do is apply it, simple. A better anology would be I have a rifle and all I have to do is pull the trigger at the right time.
swords have edges....see? and instead of pull the trigger at the right time, you could say thrust the sword at the right time. anything can be translated into a sword analogy, or better yet, a lightsaber analogy.
  • #11
  • Jun 15, 2009 5:18pm Jun 15, 2009 5:18pm
Quoting blacksun1
swords have edges....see? and instead of pull the trigger at the right time, you could say thrust the sword at the right time. anything can be translated into a sword analogy, or better yet, a lightsaber analogy.
True, in fact im sure you could rig up a wii controller to your trading platform and buy and sell using that? Wonder if its ever been done!
Economists have forecast 9 out of the last 5 recessions
  • #12
  • Jun 16, 2009 1:41am Jun 16, 2009 1:41am
I think the thread should be cobblers cliches (because to be fair, some are true).

"You'll never go broke taking a profit".
  • #13
  • Jun 16, 2009 7:12am Jun 16, 2009 7:12am
Quoting blacksun1
probably the biggest cliche out there: 95%
I agree.
How could anyone know that?

It's like the US myth that the day after Thanksgiving is the biggest shopping day of the year.
It isn't- never has been. Somebody said that once and everyone repeats it.
  • #14
  • Last Post: Jun 16, 2009 10:49am Jun 16, 2009 10:49am
Why were my threads moved to this forum?
Economists have forecast 9 out of the last 5 recessions
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