Disliked...Well I see that my post re: the "usefulness" of "trading for a living" has been responded to in various ways. I have been attacked & labled a troll.....Ignored
Here is the one that could have been put in the troll category.
- #161
- Jul 1, 2009 1:19pm Jul 1, 2009 1:19pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #162
- Jul 1, 2009 1:32pm Jul 1, 2009 1:32pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #163
- Jul 1, 2009 1:48pm Jul 1, 2009 1:48pm
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
No need to mention me, all credits belong to acumen.
To convert the PDF takes me 10 minutes and I do it because I consider Mike as my trading friend.
Beside that I own him more than I can give back as I learned the 00-20 and 00-80 strategy from him, I'm sure that method will be teached here in another lesson.
- #164
- Jul 1, 2009 1:54pm Jul 1, 2009 1:54pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Hey Fool (sorry to call you so but…
), nobody calls you a troll.
You talked about being a fulltime trader is a sad life if I understood you well.
But it isn’t, you gain the same wherever you are in the world, you don’t need staffs until you trade huge funds, the technical inversion isn’t much (some computers and screens) only a monthly internet provider fee as operation costs, you can chose to trade whenever you want, there is no boss behind you., you don’t have an inventory which can get damaged if not sold, getting credit to increase your production is easy using leverage, tax declaration is easy (if you declare) and in case that you have a row of bad trades you shut down everything and come back when you think that is time to.
And the best of all: There is always a buyer for your product, 24 hours a working day
Which biz in the world can give you all this?
One thing is true, trading becomes boring with the time because you do the same thing over and over again but I think that may happen to any biz or job (I never had a job)
It’s a biz and profession and you need to take your time to study, a doc can’t operate an open heart without doing his studies. How long time a doc needs to study? Ask your dad.
), nobody calls you a troll.You talked about being a fulltime trader is a sad life if I understood you well.
But it isn’t, you gain the same wherever you are in the world, you don’t need staffs until you trade huge funds, the technical inversion isn’t much (some computers and screens) only a monthly internet provider fee as operation costs, you can chose to trade whenever you want, there is no boss behind you., you don’t have an inventory which can get damaged if not sold, getting credit to increase your production is easy using leverage, tax declaration is easy (if you declare) and in case that you have a row of bad trades you shut down everything and come back when you think that is time to.
And the best of all: There is always a buyer for your product, 24 hours a working day
Which biz in the world can give you all this?
One thing is true, trading becomes boring with the time because you do the same thing over and over again but I think that may happen to any biz or job (I never had a job)
It’s a biz and profession and you need to take your time to study, a doc can’t operate an open heart without doing his studies. How long time a doc needs to study? Ask your dad.
Hear here. Thanks for clearing that up TradeWell.
- #165
- Edited 3:53pm Jul 1, 2009 3:25pm | Edited 3:53pm
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
but eventually you like a business because you like it...
if just for making money eventually most people making money by getting the most from a group of people and paying them basic life needs...
that's the secret of labor cost and labor profit which is still true anywhere today.
small business and large business do it, even governments do it in a different way.
(when they print money for free and rent out land w/o cost and collect a fee for license they rob you)
oh, brokers make money by spread and slippage and ... trade against trader sometimes.
that is called making money through people.
if one person's business is truely so easy and so copy-able...
then competition will make this market less profitable as in any other business....
so if this business is still so profitable, I'd guess answer is it is not easy and risk-free.
if just for making money eventually most people making money by getting the most from a group of people and paying them basic life needs...
that's the secret of labor cost and labor profit which is still true anywhere today.
small business and large business do it, even governments do it in a different way.
(when they print money for free and rent out land w/o cost and collect a fee for license they rob you)
oh, brokers make money by spread and slippage and ... trade against trader sometimes.
that is called making money through people.
if one person's business is truely so easy and so copy-able...
then competition will make this market less profitable as in any other business....
so if this business is still so profitable, I'd guess answer is it is not easy and risk-free.
Hey Fool (sorry to call you so but…
You talked about being a fulltime trader is a sad life if I understood you well.
One thing is true, trading becomes boring with the time because you do the same thing over and over again but I think that may happen to any biz or job (I never had a job)
- #166
- Jul 1, 2009 3:29pm Jul 1, 2009 3:29pm
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
- #168
- Jul 1, 2009 3:30pm Jul 1, 2009 3:30pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #169
- Jul 1, 2009 3:41pm Jul 1, 2009 3:41pm
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
I think it's very difficult to copy trading experience.
My only competition in FX is a buyer when I'm short or vice versa.
I think people like turtles are trying to convince that trading is learnable through mechanical systems... so here exits another conflict of opinion then.
successful trading is learnable or not....
- #170
- Jul 1, 2009 3:53pm Jul 1, 2009 3:53pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Buffet isn't the best example as he's an investor, he buys complete companies or majory of shares which are running bad, send a huge ammount of money and staffs to get that company up again, maybe under another name and sell it again, like selling a used car after painting it. lol.
He's a trader as well and holds his positions for very long term but like I understand it's not his main biz.
If it's learnable to trade with success?
It is learnable to dance?
There are people that will never ever learn dancing even with the best efforts, why? Because they don't have the talent to do it (I'm one of those).
He's a trader as well and holds his positions for very long term but like I understand it's not his main biz.
If it's learnable to trade with success?
It is learnable to dance?
There are people that will never ever learn dancing even with the best efforts, why? Because they don't have the talent to do it (I'm one of those).
then there is a 'key person' risk as they mention is the case for buffet's business.
I think people like turtles are trying to convince that trading is learnable through mechanical systems... so here exits another conflict of opinion then.
- #171
- Jul 1, 2009 3:57pm Jul 1, 2009 3:57pm
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
that's why I said I guess it's not so easy as seems. ^_^ I have not enough data to judge 1/?? rate of winner though
(ps: even if winner rate is 1/10000, there are 500,000 fitting people out there on earth so competition is still big)
if you like it+you prove to be doing well with systematic (risk controlled)+you prove to be able to copy the successs (scalable with capital)+...
then it may yield market beating return otherwise we need to drop the expected profit target lo.
(ps: even if winner rate is 1/10000, there are 500,000 fitting people out there on earth so competition is still big)
if you like it+you prove to be doing well with systematic (risk controlled)+you prove to be able to copy the successs (scalable with capital)+...
then it may yield market beating return otherwise we need to drop the expected profit target lo.
There are people that will never ever learn dancing even with the best efforts, why? Because they don't have the talent to do it.
- #172
- Jul 1, 2009 4:08pm Jul 1, 2009 4:08pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
In my THV thread I try to transfer experience of THV trading from my Team members to new or advanced traders, some got it, many didn't.
FX isn't easy at all because of the freedom we have to do what we want in this biz, most people aren't customed to that much freedom and fail.
It helps if you are a self employed business owner since many time as you are customed to take fast and reasonable decisions.
FX isn't easy at all because of the freedom we have to do what we want in this biz, most people aren't customed to that much freedom and fail.
It helps if you are a self employed business owner since many time as you are customed to take fast and reasonable decisions.
that's why I said I guess it's not so easy as seems. ^_^ I have not enough data to judge 1/?? rate of winner though
(ps: even if winner rate is 1/10000, there are 500,000 fitting people out there on earth so competition is still big)
if you like it+you prove to be doing well with systematic (risk controlled)+you prove to be able to copy the successs (scalable with capital)+...
then it may yield market beating return otherwise we need to drop the expected profit target lo.
- #173
- Jul 1, 2009 4:50pm Jul 1, 2009 4:50pm
- Joined Apr 2009 | Status: Live and learn. | 25,162 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #177
- Jul 1, 2009 9:03pm Jul 1, 2009 9:03pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
I use Fibonacci Pivots, a part of the DP the calculation is slightly different but I'm very happy with them and won't change for nothing.
For example if I'm using them to trade in conjunction with b bands, is the same pivot indicator going to be of any use say on the thread that cobra runs.
- #178
- Jul 1, 2009 9:42pm Jul 1, 2009 9:42pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #179
- Jul 2, 2009 3:19am Jul 2, 2009 3:19am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
This is the pivot indicator that I use. You can customise it any way you want......GMT plus or minus.......Standard Pivots, Camarilla Pivots, Fib Pivots....and you can choose whether or not to include the Mid-Pivots.
You could say that I like it!
You could say that I like it!
