A Gem from Merlin | Forex Factory

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A Gem from Merlin

  • #1
  • First Post: Oct 18, 2009 12:16pm Oct 18, 2009 12:16pm
Link: http://www.forexfactory.com/showpost...84&postcount=7

Instead of resurrecting a post from 2006, here's the quote. A blast from the past. Keep the following quote in mind this week when trading.

Quoting merlin
risk is not a function of the market, it is a function of the trader.

risk is controlled by position size and strategy, and position size and strategy is controlled by trader. to call any market risky or unrisky is naive.
  • #2
  • Oct 18, 2009 5:57pm Oct 18, 2009 5:57pm
Thank you, well put.

I must control myself...
  • #3
  • Oct 18, 2009 6:04pm Oct 18, 2009 6:04pm
yes it's a wise quote and pretty obvious too. newbies and their need for quotes and slogans I guess
  • #4
  • Oct 18, 2009 6:07pm Oct 18, 2009 6:07pm
Quoting cryten
yes it's a wise quote and pretty obvious too. newbies and their need for quotes and slogans I guess

I thought I'd share the gem. Sometimes we all, not just newbs forget the obvious. You must be F*&#N prick or really think your shit doesn't stink. I'm guessing a fu#$n prick.
  • #5
  • Oct 18, 2009 6:08pm Oct 18, 2009 6:08pm
Quoting cryten
yes it's a wise quote and pretty obvious too. newbies and their need for quotes and slogans I guess
Yep, common sense is at a premium in this place.
The breaking of a wave cannot explain the whole sea.
  • #6
  • Oct 18, 2009 6:10pm Oct 18, 2009 6:10pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting GulfCoastPip
Link: http://www.forexfactory.com/showpost...84&postcount=7

Instead of resurrecting a post from 2006, here's the quote. A blast from the past. Keep the following quote in mind this week when trading.
Most profoundly wise indeed. Worth MORE than its weight in gold.
I have seen the enemy, and it is me.
  • #7
  • Oct 18, 2009 6:12pm Oct 18, 2009 6:12pm
Quoting Craig
Yep, common sense is at a premium in this place.
Well, I'd agree with that.
  • #8
  • Oct 18, 2009 9:19pm Oct 18, 2009 9:19pm
Ahhh ... a Merlin post from 2006! I miss those days (and Merlin), when FF was real. A wise post like that was the norm and everyone was here to help someone else.

Oh how the times have changed.
  • #9
  • Oct 19, 2009 12:24am Oct 19, 2009 12:24am
Quoting GulfCoastPip
I thought I'd share the gem. Sometimes we all, not just newbs forget the obvious. You must be F*&#N prick or really think your shit doesn't stink. I'm guessing a fu#$n prick.
Well I had had a drink when I wrote that but you are spot on there
  • #10
  • Oct 19, 2009 1:23am Oct 19, 2009 1:23am
  •  gruzza
  • | Joined Oct 2008 | Status: I'm in the compounding business | 16 Posts
it's easy to see why there's people on here with 980 posts, most of them are just useless dribble.
everyone needs inspiration from time to time, but no one needs a heroes wisecrack.
  • #11
  • Oct 19, 2009 1:45am Oct 19, 2009 1:45am
Quoting gruzza
it's easy to see why there's people on here with 980 posts, most of them are just useless dribble.
everyone needs inspiration from time to time, but no one needs a heroes wisecrack.

Wow irony

Here knock yourself out ....http://thinkexist.com/quotes/with/keyword/trading/

Whilst your jizzing over that, my trading starts in 15 minutes. Ciao
  • #12
  • Oct 19, 2009 3:36am Oct 19, 2009 3:36am
Sorry to disagree but that's a formula, nothing else. A mantra which sounds maybe very good but doesn't help you at all.

Please send me a pm if you improved your trading reciting this formula.
  • #13
  • Oct 19, 2009 12:11pm Oct 19, 2009 12:11pm
Keep this quote in mind.
Source: http://www.forexfactory.com/showthread.php?t=95632
Quoting Rabid
ROFL, and at some point all of those folks are going to blow their account... because they're trading their thoughts and not the market. It doesn't matter what we think will occur, what matters is what is occurring right now... and whether we're ready and willing to take advantage of it. Voodoo. It works because people believe. What they believe in doesn't matter, just that there is a belief... is all that's needed
Quoting Rabid
Voodoo. It works because people believe. What they believe in doesn't matter, just that there is a belief... is all that's needed
  • #14
  • Edited 2:11pm Oct 19, 2009 1:58pm | Edited 2:11pm
Following the advice this way may help. I'd try anything right now.

On a small piece of paper:

strategy ____(fill in the blanks)
-- longterm indicator reading
-- intraday indicator reading
--gut instinct reading
--entry range
--exit range

position size _____(fill in the blanks)
--$ per pip
--$ in account
--price bought at

To whomever: IGNORE ABOVE, from a losing demo trader!
The idea is, the wisdom's immediately practical.
  • #15
  • Oct 19, 2009 2:18pm Oct 19, 2009 2:18pm
Quoting ha-pattern
strategy ____(fill in the blanks)
-- longterm indicator reading
-- intraday indicator reading
--gut instinct reading
--entry range
--exit range

--gut instinct reading. Now that's funny!
  • #16
  • Oct 19, 2009 3:09pm Oct 19, 2009 3:09pm
Fair enough. Done it, tho.
  • #17
  • Oct 19, 2009 3:40pm Oct 19, 2009 3:40pm
Quoting ha-pattern
Fair enough. Done it, tho.
I laugh at the "gut instinct", but in all seriousness, that is a great idea. You should start a thread and tell us more about your "trading list". It's interesting, at least to me it is.
  • #18
  • Nov 10, 2009 12:57pm Nov 10, 2009 12:57pm
Quoting Sauron
Sorry to disagree but that's a formula, nothing else. A mantra which sounds maybe very good but doesn't help you at all.

Please send me a pm if you improved your trading reciting this formula.
If you were to write that out right beside your screen, I'm sure it would begin to sink in for you. Simple stuff really, kinda like a positive affirmation.
I dream, therefore I become.
  • #19
  • Mar 22, 2010 9:53am Mar 22, 2010 9:53am
Quoting mike w
If you were to write that out right beside your screen, I'm sure it would begin to sink in for you. Simple stuff really, kinda like a positive affirmation.
Other than the dummies who were fighting over the internet, the message is good from this thread. Merlin's brilliant, for sure.
I dream, therefore I become.
  • #20
  • Mar 22, 2010 10:32am Mar 22, 2010 10:32am
I don't understand why are you quoting yourself.
Anyway, I still don't find that wisdom of merlin to be some astounding discovery and I really wouldn't stick it on my monitor, walls, doors, refrigerator, cat or dog, in that order.
This being said, let's short some cable.
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