What are the dumbest/most annoying things you have heard people say about trading?

This is a discussion on What are the dumbest/most annoying things you have heard people say about trading? within the General Trading Chat forums, part of the Reception category; Originally Posted by wackypete2 My apologies for being such a huge annoyance Peter Peter, you're anything but annoying...

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Old Sep 10, 2011, 4:31pm   #16
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Quote:
Originally Posted by wackypete2 View Post
My apologies for being such a huge annoyance

Peter
Peter, you're anything but annoying
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Old Sep 10, 2011, 4:35pm   #17
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I forgot one

95% of traders lose.
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Old Sep 10, 2011, 4:51pm   #18
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

"Trading isn't like gambling."



And "Investment".

People use the word "investment" or say things like it isn't gambling (when they have **** all idea of what gambling means) to make themselves sound clever, like just using the word "investment" reduces the risk to zero.

Check that gambling thread. Half the morons speak like they know what they are talking about. What they really mean is degenerate gambling... and nobody ever goes degen when they're trading, do they.
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Old Sep 10, 2011, 5:43pm   #19
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by shadowninja View Post
"Trading isn't like gambling."



And "Investment".

People use the word "investment" or say things like it isn't gambling (when they have **** all idea of what gambling means) to make themselves sound clever, like just using the word "investment" reduces the risk to zero.

Check that gambling thread. Half the morons speak like they know what they are talking about. What they really mean is degenerate gambling... and nobody ever goes degen when they're trading, do they.
The latest cry of the loser " The spreadbet company cheated me/ slipped my trade etc etc
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Old Sep 10, 2011, 6:10pm   #20
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Re: What are the dumbest/most annoying things you have heard people say about trading

BRETTUS - "I trade about twice a week. Sorry if i have too much time on my hands to help Tony know that he won't be better off anywhere else. It's true that i'm an amateur though. Some amateurs get lucky though"

Big mouth for an amateur
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Old Sep 10, 2011, 6:51pm   #21
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Re: What are the dumbest/most annoying things you have heard people say about trading

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Originally Posted by mrfigure View Post
BRETTUS - "I trade about twice a week. Sorry if i have too much time on my hands to help Tony know that he won't be better off anywhere else. It's true that i'm an amateur though. Some amateurs get lucky though"

Big mouth for an amateur
I'm an amateur too. We're just trying to help. Stop scalping. You'll blow up again.
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Old Sep 10, 2011, 7:12pm   #22
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

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Originally Posted by mrfigure View Post
BRETTUS - "I trade about twice a week. Sorry if i have too much time on my hands to help Tony know that he won't be better off anywhere else. It's true that i'm an amateur though. Some amateurs get lucky though"

Big mouth for an amateur
Trading is not about luck. It is about risk management. Its like me saying I got lucky with some bird I met at a function. I go to function, give orf my pheronomes at the dames and sure enough one is bound to come over and ask me to go to bed with her. :c ool:
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Old Sep 10, 2011, 7:34pm   #23
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

Forgot one.
You need to understand psychology to be a trader. The best coach you can have is a psychologist. WAFLOB.
There are some in the industry who sell their services as a shrink to help the unsuspecting trader. One of them even says he has coached the Special Air Service.
These people are invariably ******s as are those who think they need that kind of help.

Last edited by Bint_Crusher; Sep 10, 2011 at 7:35pm. Reason: Add insulting acrnym
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Old Sep 10, 2011, 7:35pm   #24
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Re: What are the dumbest/most annoying things you have heard people say about trading

PLAY THIS VIDEO BEFORE CONTINUING



and here we go.....

Hi there top-pickers! starting out the stupidest things I have ever heard on a trading forum, and a non-mover at number 5 is


5) Anything that involves arbitraging one spreadbetter against another

... and dropping down 2 to number 4 this week we have

4) pretty much everything that involves an indicator or expert advisor in Metatrader

...Now, up one from last week at number 3,

3) Anything to do with "hedging", which actually involves trading a correlated product and hoping for the best. Or worse, hedging eur/usd with gbp/usd - or even worse than that - hedging a long eur/usd possie with a short eur/usd possie

... nice, mate! Now, this week's chairidee case comes in at number 2, and is

2) Everything ever said by Black Swan

... which leaves this weeks pick of the plonkers, and at number 1...

1) Everything I learned about trading options I learned in flight school



NOT 'ARF!

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Old Sep 10, 2011, 9:24pm   #25
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

The most annoying things Iíve read are in relation to tight stops such as:

1) Tight stops will keep getting hit
2) Tight stops get hit more often
3) You need to widen your stops in a volatile market
Etc.


Dumbest thing said is: Spread betting companies donít like scalpers.
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Old Sep 10, 2011, 10:02pm   #26
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Re: What are the dumbest/most annoying things you have heard people say about trading

Some of the "dumb" things used to think to myself. (As i don't trade on others advice).

MISTAKES in thinking that have proven me wrong.


Its gone down since i bought it therefore it must go up (averaging down and vice versa).

Its gone down therefore its cheap.

Its gone up therefore its expensive.

It can't really go any lower as its gone down enough.

Its gone up and it can't go up any higher.

Its a bargin.

Its out of whack with the fundementals therefore its gotta go up/down.

"Experts" (who are so good they usually work for others ironically) know more than you do.

You need to be inteligent (degree wise) to be able to trade properly.

Technical analysis does not work.

Emotions don't play a role in the markets - its all factual.

Different trading stratgies that are seemingly oppersite (e.g fundemental vs technical) can't fit together and BOTH work.

A company has to have value/be worth something for it to go up.

That the markets are efficicent/inefficient.

That there is a holy grail of trading/investing to the markets.

That money management is irrelivent.

That everyone has to agree on something otherwise its wrong.

"Value" will work all the time.

Your can trade/invest like Warren Buffet (or other successful person) even though you only know generalities about them which in which their methods have taken them decades to fine tune their style.

You need to be good at maths.

Maths is what matters.

You need an analytical background to be able to trade.

Your losing/they're winning because they are professionals and know what they are doing and you don't.

You need to win more trades/times than you lose to be successful.


These are some of the beliefs that i used to believe but now do not as such through my personal experience - however they can arguably be argued for or against.

Last edited by Benji871; Sep 10, 2011 at 10:13pm.
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Old Sep 10, 2011, 10:18pm   #27
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Re: What are the dumbest/most annoying things you have heard people say about trading

Cut your loss and let your profits run...

Might not be a dumb thing to say but very annoying especially when you are in the heat of the battle..
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Old Sep 11, 2011, 12:09am   #28
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

The number one idiot thing said by that noob shadowninja: Gold's at $600... it'll never get higher.

:facepalm:
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Old Sep 11, 2011, 12:14pm   #29
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

doing it for the lulz
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Old Sep 11, 2011, 3:30pm   #30
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by sh5467 View Post
3. Never trade with a stop. aka mr 200 winning trades in a row all of a sudden gone quiet
Where is Howard Cohodas?
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