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"good traders trade, bad traders teach"

  • #61
  • Jan 8, 2014 6:54pm Jan 8, 2014 6:54pm
Or we could, open our own brokerage, a kinda fake 1 too many rules, and basically keep all of retails losings and pay out for any winners ( there won't be many )


Being a Broker, is definately where the easy money is at.



Might aswell, lose it to us than anyone else I say, maybe even give back 50% of there losses when they give up, better than anyone else then.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62
  • Jan 8, 2014 7:01pm Jan 8, 2014 7:01pm
Brokers always win. It's all about the VIG/spread.... But unlike the average street bookie, FX brokers also take the other side of the bets...oops the other side of the trades as well. Double win unless you trade profitable then it's just the VIG oops I mean just the spread from you.

Quoting Turveyd
Or we could, open our own brokerage, a kinda fake 1 too many rules, and basically keep all of retails losings and pay out for any winners ( there won't be many ) Being a Broker, is definately where the easy money is at. Might aswell, lose it to us than anyone else I say, maybe even give back 50% of there losses when they give up, better than anyone else then.
SPC * Swollen PocketZ Crew!
  • #63
  • Jan 8, 2014 7:18pm Jan 8, 2014 7:18pm
Quoting Turveyd
Or we could, open our own brokerage, a kinda fake 1 too many rules, and basically keep all of retails losings and pay out for any winners ( there won't be many ) Being a Broker, is definately where the easy money is at. Might aswell, lose it to us than anyone else I say, maybe even give back 50% of there losses when they give up, better than anyone else then.
Now that's funny!!!!!!!!!!
  • #64
  • Jan 8, 2014 7:20pm Jan 8, 2014 7:20pm
Quoting JoeNY
Brokers always win. It's all about the VIG/spread.... But unlike the average street bookie, FX brokers also take the other side of the bets...oops the other side of the trades as well. Double win unless you trade profitable then it's just the VIG oops I mean just the spread from you. {quote}

Ahhh, other side never made sense to me, till then, they count on the fact your going to lose and reverse your trade likely for a lot more $$'s per pip.


We are on the wrong side for sure.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65
  • Jan 8, 2014 7:39pm Jan 8, 2014 7:39pm
To anyone who has ever watched the Flintstones as a kid. This may only be a United States thing.... Do you remember this guy?

Schleprock ..... Brokers love their Schleprocks

Attached Image
SPC * Swollen PocketZ Crew!
  • #66
  • Jan 8, 2014 7:45pm Jan 8, 2014 7:45pm
Quoting JoeNY
To anyone who has ever watched the Flintstones as a kid. This may only be a United States thing.... Do you remember this guy? Schleprock ..... Brokers love their Schleprocks {image}

Huge fan, but sadly not been a while though.

Until they brought in that Alien with magical powers, the death of it, Just like Scrappy with Scooby Do
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #67
  • Jan 8, 2014 7:57pm Jan 8, 2014 7:57pm
LOL

Quoting Turveyd
{quote} Huge fan, but sadly not been a while though. Until they brought in that Alien with magical powers, the death of it, Just like Scrappy with Scooby Do
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  • #68
  • Jan 8, 2014 9:19pm Jan 8, 2014 9:19pm
In response to the opening Post of this thread, one might teach who has a great methodology, but maybe not the discipline to execute it as it is supposed to be. Just because someone has market expertise doesn't mean that they are a wildly profitable trader. I offer trading zones and teach how to trade off of them for a small fee (not like the guys charging 10 grand). My method of trading and zones are amazing, and my market knowledge is at a very high level, but im a moderately profitable trader because I struggle with discipline and patience. With that being said, a discipline and patient person could trade my methods and make an absolute killing. This is just my point of view on this. Market Knowledge and a quality trading method do not automatically equal profit. Trading pshychology is not half the battle, its about 90% of it. Ive mastered market movement, but I haven't yet reached huge profitability. That's my 2 cents on the topic
  • #69
  • Jan 9, 2014 2:00pm Jan 9, 2014 2:00pm
Good Traders trade weekly charts
Attached Image


That's my opinion ... i like also to scalp ... but it's easier to trade in the long TFs.

and "good traders trade, bad traders teach" it's almost right.

and another "Good traders usually keep their mouth shut, they don't tell".
Don't swim with the sharks ...
  • #70
  • Jan 9, 2014 2:56pm Jan 9, 2014 2:56pm
C,mon... really?????? was that necessary? Well anyway... you did say it was your opinion... (-:

Quoting lcast
Good Traders trade weekly charts {image} That's my opinion ... i like also to scalp ... but it's easier to trade in the long TFs.
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  • #71
  • Jan 9, 2014 3:09pm Jan 9, 2014 3:09pm
Quote
C,mon... really?????? was that necessary?


hehehehe , sorry
Don't swim with the sharks ...
  • #72
  • Jan 9, 2014 3:12pm Jan 9, 2014 3:12pm
Real traders trade Century charts, 42years and 16days before GU puts in it's first candle, can't wait!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73
  • Jan 9, 2014 3:14pm Jan 9, 2014 3:14pm
It's all good....

Quoting lcast
{quote} hehehehe , sorry
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  • #74
  • Jan 9, 2014 10:54pm Jan 9, 2014 10:54pm
The problem is that most materials being taught have nothing to do with the fundamental truths of the markets. Most people here think that a certain combination of indicators and/or price chart patterns is all they need to have an actual edge in the markets. But even worse, they proceed to teach others their ways and thus the forums become a case of the blind leading the blind. It is my opinion that in the vast majority of cases, so called 'traders' become teachers because they struggle to become successful traders. You will have a very difficult time finding a teacher with a verified track record. This is a hard business, and you will definitely not succeed if you have the mindset of a retail trader.

Think outside the square. Find out what really works in the markets. Finding the truth will set you free and will allow you to rise above all else.
  • #75
  • Jan 11, 2014 12:30pm Jan 11, 2014 12:30pm
Quoting Turveyd
Real traders trade Century charts, 42years and 16days before GU puts in it's first candle, can't wait!!

Yep, and entry is SHORT. Fiat collapse on its way.
  • #76
  • Jan 11, 2014 4:44pm Jan 11, 2014 4:44pm
Quoting LiquidMind
The problem is that most materials being taught have nothing to do with the fundamental truths of the markets. Most people here think that a certain combination of indicators and/or price chart patterns is all they need to have an actual edge in the markets. But even worse, they proceed to teach others their ways and thus the forums become a case of the blind leading the blind. It is my opinion that in the vast majority of cases, so called 'traders' become teachers because they struggle to become successful traders. You will have a very difficult...
Although I agree big time with your blind leading the blind, and all the conventional trading wisdom is well rubbish, there are ways to profit just off charts and patterns, obviously not candle sticks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #77
  • Feb 20, 2014 9:18am Feb 20, 2014 9:18am
It is obvious that most forex teachers / mentors are failed traders. Bear in mind that 95 % traders lose money, so this makes sense just by looking at the statistics. Another thing to consider is that most people trade short term by looking at daily, hourly and minute charts. They are just trading noise! It is impossible to predict what any market is going to do in those time frames. The only thing that might work is trying to catch the major trend by looking at weekly and even monthly charts. In the end though, trading is like betting and not even the economics Nobel prize or the chairman of the Federal Reserve know whether prices are going up or down. Just control your emotions and limit your losses or you will blow your account quickly. If you are right "go for the jugular" like George Soros used to say.
  • #78
  • Feb 20, 2014 3:05pm Feb 20, 2014 3:05pm
Quoting marcosrtc
most people trade short term by looking at daily, hourly and minute charts. They are just trading noise! It is impossible to predict what any market is going to do in those time frames.
I completely disagree, what brings you to that assumption?

It is not impossible. It's very difficult, but doable.
  • #79
  • Feb 21, 2014 3:12am Feb 21, 2014 3:12am
Quoting GDR3k
{quote} I completely disagree, what brings you to that assumption? It is not impossible. It's very difficult, but doable.
My point is that no system, even those that trade the higher time frames, manages to be right 100 % of the time, that is, win in every trade.

If there are probabilities involved, then trading is a game of chance, like gambling. When you have the big banks making millions of trades in an hour, your indicators and all technical analysis become useless because in those time frames the big boys can move the market as they see fit.
  • #80
  • Feb 21, 2014 8:09am Feb 21, 2014 8:09am
It amazes me how people mix dreams and hopes with knowledge.

Professional traders have a fixed salary and then a % of the benefits they generate.

Yo need a gigantic account size to live confortably from your trading, very few people have this kind of level. I would consider normal for someone to teach and trade (although most teachers are fakes).

Thinking you can do 100%s of your account consistently and live from it is just day dreaming. Look at the world around you, at the profitability hedge funds, CTAs and investment funds can offer to their clients... LOL. If you can offer the world a track record of 20% consistent annual returns with appropiate risk you will get lots of investors.
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