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The Reason why 95% Traders fail

  • #161
  • Dec 23, 2009 6:47pm Dec 23, 2009 6:47pm
Quoting GEfx
I think the first quote is the one that I relate to. I think of my targets as not a prediction but a statictical probability of a possible result. Nothing more than that, but nothing less than that either.

Thats fine, you understand your predicted number has a 60% shot say of working and you trade on that premise.

Others pull a number out of the air and are 100% sure that number will hit because of some historic chart pattern.

They should read the past history is not a future indication of anything disclaimer!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #162
  • Dec 23, 2009 6:50pm Dec 23, 2009 6:50pm
Quoting Bemac
"I'm sorry me and a few others have tried, the J16 stuff is junk the only person making money off it is doing so by selling a subcription service."

Let's start there... Not True...


Remind me of this in 5 years time when you are still chopping & changing from one method to the next whilst still hunting your freedom.

After more than 30 years of calculating Up or Down, I have Never seen it contained in such a succicnt box.

You will do what you do but I, with no interest in your loss or gain, suggest that you may reconsider what Price...
OK, I googled J16 and found a thread on FF called James16, so I assume this is what you are talking about. Sorry to ask such a dumb question. I should pull out of this discussion. I usually hang with the TAF thread/fti, because the discussions there on PA matches my trading style. Best wishes to you and Merry Christmas. By the way, I love trading the $/CAD!
  • #163
  • Dec 23, 2009 6:56pm Dec 23, 2009 6:56pm
Quoting GEfx
OK, I googled J16 and found a thread on FF called James16, so I assume this is what you are talking about. Sorry to ask such a dumb question. I should pull out of this discussion. I usually hang with the TAF thread/fti, because the discussions there on PA matches my trading style. Best wishes to you and Merry Christmas. By the way, I love trading the $/CAD!

Be warned thats just there to tease you and start up his pay service and lead people to it, read SCAM!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #164
  • Dec 23, 2009 6:58pm Dec 23, 2009 6:58pm
Quoting GEfx
OK, I googled J16 and found a thread on FF called James16, so I assume this is what you are talking about. Sorry to ask such a dumb question. I should pull out of this discussion. I usually hang with the TAF thread/fti, because the discussions there on PA matches my trading style. Best wishes to you and Merry Christmas. By the way, I love trading the $/CAD!
Hmmm. Not sure exactly how to find it from a search perspective but you may want to try "james16group" +us
  • #165
  • Dec 23, 2009 7:05pm Dec 23, 2009 7:05pm
Quoting Bemac
Hmmm. Not sure exactly how to find it from a search perspective but you may want to try "james16group" +us
Google J16 trading and got a site with a link back to FF.
  • #166
  • Dec 23, 2009 7:09pm Dec 23, 2009 7:09pm
Quoting Turveyd
Be warned thats just there to tease you and start up his pay service and lead people to it, read SCAM!!!
OK, noted. At the risk of causing a big fight with others, please feel free to read through the Technical Analysis Falicy (TAF) thread and see what fti has to say. It is not a method or a system, but more of a guide to becoming a trader and learning how to trade. Think about adding it to your reading list, and please understand that no one has ever been asked to pay anything for fti's wisdom. In fact, any suggestion about fees etc are harshly handled there.
  • #167
  • Dec 23, 2009 7:13pm Dec 23, 2009 7:13pm
Quoting GEfx
OK, noted. At the risk of causing a big fight with others, please feel free to read through the Technical Analysis Falicy (TAF) thread and see what fti has to say. It is not a method or a system, but more of a guide to becoming a trader and learning how to trade. Think about adding it to your reading list, and please understand that no one has ever been asked to pay anything for fti's wisdom. In fact, any suggestion about fees etc are harshly handled there.

I think I've skipped through it!!

There are a lot of people who can't trade themselves conning others to part with there money, why else would they need there money.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #168
  • Dec 23, 2009 7:15pm Dec 23, 2009 7:15pm
Quoting GEfx
Google J16 trading and got a site with a link back to FF.
Ok; I'm still trying to be nice a la Mike... You've been here for over 6 months & never found the J16PF.
It's not a grail, it's a map.

Do your dependants a favour & check it out.
  • #169
  • Dec 23, 2009 7:21pm Dec 23, 2009 7:21pm
Quoting Bemac
Ok; I'm still trying to be nice a la Mike... You've been here for over 6 months & never found the J16PF.
It's not a grail, it's a map.

Do your dependants a favour & check it out.
Thanks for the advice. I came to FF for trading discussions and have found it with fti. Best wishes to you and good trading.
  • #170
  • Dec 23, 2009 7:22pm Dec 23, 2009 7:22pm
Quoting Turveyd
I think I've skipped through it!!

There are a lot of people who can't trade themselves conning others to part with there money, why else would they need there money.
OK, check it out and join in with us some time, looking forward to seeing you over there. Good trading!
  • #171
  • Dec 23, 2009 7:29pm Dec 23, 2009 7:29pm
Quoting Turveyd
I've read some of your other posts I'm not the only 1 on there to think ban you, your a nasty POS!!

And no they think there making money off predictions, you CAN'T see the future, yes over a weekend there are 1000's of predictions from people all contradicting each other and yeah a few get it right ofcourse they do, but the rest get it wrong.

I've been profitable hugely a few times before slipping again, which gives me alot better chance than you'll ever have of being in the 5%.
First of all , I couldn't give a fuck how many people think I should be banned. You may not like my bluntness when I tell people like you , that I think they're talking bollocks, but I have NEVER called anyone a nasty POS. That , unlike trading, seems to be YOUR area of expertese.
As for seeing the future, you seem to be a bit dim. NO ONE mentioned being able to see the future. But from a large number of trades, looked on as statistical events, you CAN with REASONABLE accuracy determine the outcome. Let me try and explain. You throw a regular 6 sided die 6000 times , you only win money if you throw a 1.You lose a pound every time you throw 2,3,4,5 or six. But , you make £6 every time you throw a 1. Do you think you'd be up after 12,000 throws? I PREDICT, that you'd be up in the region of £2000. It ain't going to be spot on . Might be up £1700, might be up £2500. But the scenario that I have just described has a POSITIVE expectancy. The way in which you trade needs to have that too. I hope you understand. If you don't, best of luck.
  • #172
  • Dec 23, 2009 7:45pm Dec 23, 2009 7:45pm
Quoting TheGreatMilenko
First of all ...
Woahh there big buddy. It took along time for someone to pi$$ on your cornflakes & I am sure that you can take a moment (more moments I mean)to explain to them the error of their ways without the digs...
Digs get (more)Digs.
  • #173
  • Dec 23, 2009 7:50pm Dec 23, 2009 7:50pm
Quoting TheGreatMilenko
You throw a regular 6 sided die 6000 times , you only win money if you throw a 1.You lose a pound every time you throw 2,3,4,5 or six. But , you make £6 every time you throw a 1. Do you think you'd be up after 12,000 throws? I PREDICT, that you'd be up in the region of £2000. It ain't going to be spot on . Might be up £1700, might be up £2500. But the scenario that I have just described has a POSITIVE expectancy. The way in which you trade needs to have that too. I hope you understand. If you don't, best of luck.
LOL sorry but POS isn't aloud where as A Hole is, strange!!

I know you don't care, I don't care either but that part above kind of sums it up.

I will bet you 1 Mil £'s you'd be within £500 up or down likely a whole lot closer okay.

So odds are 6 to 1 and you think you'd be up making £6 on a 6 to 1 bet LOL

You have not got a grasp on probability or statistics you obviously think you do, but you really haven't sorry!!



I can show you a video of someone flipping heads ( might be tails ), 10 x's in a row if your interested, fancy doubling or quiting ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #174
  • Dec 23, 2009 7:58pm Dec 23, 2009 7:58pm
Quoting Turveyd
LOL...
Ok taking Bemac's advice I'll be civilised and try again. First, please explain how my die throwing scenario is statistically incorrect.
  • #175
  • Dec 23, 2009 8:04pm Dec 23, 2009 8:04pm
Quoting TheGreatMilenko
Ok taking Bemac's advice I'll be civilised and try again. First, please explain how my die throwing scenario is statistically incorrect.

6 sides dice.

Odds on throwing a 1 are 1 in 6 correct.

1 = +6
2 = -1
3 = -1
4 = -1
5 = -1
6 = -1

Arrgggghhh did I screw it up and fall for a numbers trick here, hey it's 2am!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #176
  • Dec 23, 2009 8:09pm Dec 23, 2009 8:09pm
Quoting Turveyd
6 sides dice.

Odds on throwing a 1 are 1 in 6 correct.

1 = +6
2 = -1
3 = -1
4 = -1
5 = -1
6 = -1

Arrgggghhh did I screw it up and fall for a numbers trick here, hey it's 2am!!
There was no trick. I described a scenario that had a positive expectancy . Just as trading NEEDS to have if you're going to make any money.
  • #177
  • Dec 23, 2009 8:14pm Dec 23, 2009 8:14pm
You can't predict the future . BUT you can with REASONABLE accuracy predict the overall outcome of a large number of events if you have, like the die throw, an idea of the statistics involved. Do you understand now?
  • #178
  • Dec 23, 2009 8:19pm Dec 23, 2009 8:19pm
Quoting TheGreatMilenko
There was no trick. I described a scenario that had a positive expectancy . Just as trading NEEDS to have if you're going to make any money.

Well thats kind of obvious, but it's got to be a REAL trading edge not a BS one.

Everyone here has what they believe to be a REAL Trading edge, 95% are obviously wrong, well some will have a edge but there just trading it badly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #179
  • Dec 23, 2009 8:21pm Dec 23, 2009 8:21pm
Quoting TheGreatMilenko
You can't predict the future . BUT you can with REASONABLE accuracy predict the overall outcome of a large number of events if you have, like the die throw, an idea of the statistics involved. Do you understand now?
Anyway, don't get bogged down with the specific die throwing scenario. The point is trading has to be the same , in as much as there is a positive expectancy over hundreds and hundreds and then thousands of trades.

Lastly, I apologise for coming over as a cunt. I assure you I'm not. Best wishes.
  • #180
  • Dec 23, 2009 8:25pm Dec 23, 2009 8:25pm
Quoting TheGreatMilenko
Anyway, don't get bogged down with the specific die throwing scenario. The point is trading has to be the same , in as much as there is a positive expectancy over hundreds and hundreds and then thousands of trades.

Lastly, I apologise for coming over as a cunt. I assure you I'm not. Best wishes.
I'd watch your language, you will get banned for that, thats just a friendly bit of advice not a threat to report you by the way.

But someone will!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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