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

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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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Old Sep 11, 2011, 3:35pm   #31
Joined Sep 2008
Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by DionysusToast View Post
Where is Howard Cohodas?
Flight school retraining?

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Old Sep 11, 2011, 3:43pm   #32
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by dc2000 View Post
doing it for the lulz
lulz!
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