Newbie Traders: Trading Advice from Someone With Balls

Hola Rendezvous. What pdf ?

look up the james16 thread

look up the james16 thread.

But a Quantum Leap is something much different

quantum leap, jump
n a sudden highly significant advance; breakthrough [from its use in physics meaning the sudden jump of an electron, atom, etc. from one energy level to another]
Collins English Dictionary – Complete and Unabridged 6th Edition 2003. William Collins Sons & Co. Ltd 1979, 1986 HarperCollins Publishers 1991, 1994, 1998, 2000, 2003


quantum leap n. An abrupt change or step, especially in method, information, or knowledge:
The American Heritage Dictionary of the English Language, Fourth Edition copyright 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.

This Thread is funny

From porn , to quantum speak, with emotionally charged comments in between.

The reality is that it does not matter how, when, or why, you get into the market. What matters is that you can manage your positions and come out on top with larger gains than losses AND/OR more gains than losses.

Exactly how you do it is only worth what it does for you.

I saw someone say the fx markets aren't natural.... That's funny to me. Human greed & fear mixed with supply & demand... that's super natural!

The markets are a living, breathing, complex entity. Trying to "figure it out" is a waste of time. Just realize what it is and make money. The only thing to figure out is how to best control your emotions.

KEEP IT SIMPLE S_____?

i do believe it was i who said forex is not natural...

to me forex is about as natural as a lightbulb. both are created by the hands of men. the reactions to both by people may be natural, but the beasts themselves are not. doesn't mean you can't make money, but don't expect to tame or teach either of them because they simply do not care.

unless i am mistaken and forex was created by a man and woman sipping red wine near a fireplace on a cold winters night rugged-up under a nice warm blanket, fondly looking into each others eyes.

"We shall name this child.... FOREX!"

That's not cowardice, that's smartness. Smart chess players play with defence first. Backtesting your system for that long period time helps you see the max DD of your system. That in turn helps you plan your MM and calculate possible returns. Wow. I thought I was only one who backtested longer than 5 year period. Having backtested only for 2 years or less is going to very likely give you a false idea of DD. Ithink that's why majority of traders loose.

"We shall name this child.... FOREX!" Well, little FOREX grew up to be real A-hole!

I see your point since most people view anything created by man as unnatural. However, I don't agree with that conclusion. If the markets were indeed similar to a light bulb they would be extremely predictable to a high degree (I'm talking accurate to extremely tight tolerances). Working light bulbs can be studied, and things like life of the light bulb, energy consumption, typical lumina (perceived output) ,etc. can be measured accurately. If a light bulb is too simple of an idea, the same can be applied to an aircraft engine or the architecture of a sky scraper.

The markets were created by man, yes. However, they have a life of their own. Of course man can, does, and will manipulate the markets however, it always corrects itself to it's natural state... eventually.

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http://www.merriam-webster.com/dictionary/unnatural
Main Entry: un·nat·u·ral
Pronunciation: ˌən-ˈna-chə-rəl, -ˈnach-rəl
Function: adjective
Date: 14th century
1 : not being in accordance with nature or consistent with a normal course of events
2 a : not being in accordance with normal human feelings or behavior : perverse b : lacking ease and naturalness : contrived <her manner was forced and unnatural> c : inconsistent with what is reasonable or expected <an unnatural alliance>
synonyms see irregular
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Beavers build dams... natural.
Crows build nests... natural.
Gophers dig holes... natural.

Man builds a home... natural? (I think so)
Man learns to manipulate energy to utilize electricity... natural? (I think so)
Man creates markets to transfer wealth... natural? (I think so)
Markets move in response to infinite combinations of human emotion, and human demand... natural? (I think so)

I guess it depends on what the perception of "natural" is. If man were unnatural then I'd agree. If supply and demand were unnatural then I'd agree.

I consider adaptation and advancement to be natural.

I believe the markets have natural behavior, and like all natural things are not necessarily predictable however, they act in predictable patterns. Weather has seasons, oceans have tidal patterns, people and animals have habits, wants, and needs. (e.g. I may not know what you're going to eat tomorrow or how much but, I do know that you need to eat to survive and that you will eat eventually, and at some point you will become full and stop eating until you become hungry again, and you will eat.)

Since the markets have natural behavior it is possible to spot unnatural behavior. Nature will always correct unnatural behavior. This can be observed when a forest grows too large and wildfires occur, or when populations become dense and disease breaks out, or when a real estate market is inflated artificially and prices crash. All these things are examples of unnatural states being brought back within their natural levels, or normalized.

Most people trade the markets by capitalizing on normal behavior, or recognizing abnormal behavior and capitalizing on the normalization. Others enter and exit randomly. There is no right or wrong way to trade however, the more my market experience grows, the more I realized how natural the markets really are. And, once I understood that everything became strangely clear.

That's my story, and I'm sticking to it.