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 turboonostrilvision it will definetely not make them better in gambling btw . what you mean when u ...

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Old Sep 15, 2011, 5:44am   #46
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by turboonostrilvision View Post
it will definetely not make them better in gambling
btw . what you mean when u say gambling ?
Gamble: offer money or something valuable on a bet. (Uncertain outcome). Hoping to win additional money or whatever you threw down with as your bet.

However, you'll hear that trading is not gambling since there are "many tools of the trade" to help you make an informed decision to make money. I guess the only traders that "gamble" would be the new ones that have no idea what they are doing?
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Old Sep 15, 2011, 8:46pm   #47
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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 BeginnerJoe View Post
The USD/CAD is normally inversely correlating with EUR/USD. But today it's not working. Both fall at the same time since 12:00 GMT. So anyone knows what's going on ? I don't have a news source. Is some bad news expected for CAD ?
here we go
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Old Sep 15, 2011, 10:31pm   #48
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

"Don't trade that timeframe, it's all noise. Trade XX timeframe or higher"

"Price action/S+R/Market profile/TA/indicators don't work, and you'll never be able to make any money from them"

"Vendors can't trade and should be banned" (followed months later by) "my new website is..."

"I'm starting a journal to teach you all how I trade/want to give something back (lol)" (followed months later by) "my new website is..."

"Discretional trading can't work" or "I don't know any successful traders who trade that way..."

"I'm still sure the system works but..." (After someone just blowing their account, or continually trading a losing system)

"The algos are making it impossible for me to profit"
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Old Sep 15, 2011, 11:16pm   #49
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Re: What are the dumbest/most annoying things you have heard people say about trading

MajorDutch started this thread
Quote:
Originally Posted by Shakone View Post
"Don't trade that timeframe, it's all noise. Trade XX timeframe or higher"

"Price action/S+R/Market profile/TA/indicators don't work, and you'll never be able to make any money from them"

"Vendors can't trade and should be banned" (followed months later by) "my new website is..."

"I'm starting a journal to teach you all how I trade/want to give something back (lol)" (followed months later by) "my new website is..."

"Discretional trading can't work" or "I don't know any successful traders who trade that way..."

"I'm still sure the system works but..." (After someone just blowing their account, or continually trading a losing system)

"The algos are making it impossible for me to profit"
some good ones there mate.
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Old Sep 15, 2011, 11:20pm   #50
Joined Oct 2008
Re: What are the dumbest/most annoying things you have heard people say about trading

This is how I trade the NFP.
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Old Sep 15, 2011, 11:26pm   #51
Joined Aug 2008
Re: What are the dumbest/most annoying things you have heard people say about trading

MajorDutch started this thread anything with 'turbo' in the name.

anyone who says 'lets go pippin'

anyone using an '89 tick chart'
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Old Sep 15, 2011, 11:30pm   #52
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

1: SL already at +1
2: Only posting already winning positions.
3: Posting levels and after a bit of retracement: " I told ya"
4: Posting "it could shoot up from here... or down" and later quote that post and "I told ya"
5: A lot of "may", "could"...
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Old Sep 15, 2011, 11:34pm   #53
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by Bint_Crusher View Post
From another thread about Forex.
I don't use a broker though.

I use esignal for my data feed. There are over 200 contributors to this feed. It is not one broker.

I'm also well aware of the differences between spot (tick volume) and futures volume.

This from a complete **** who has a strategy based upon spot forex volume. Like there is such an accurate reading.
It shows that it's you who don't know what you are talking about
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Old Sep 15, 2011, 11:39pm   #54
Joined Jun 2011
Re: What are the dumbest/most annoying things you have heard people say about trading

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Originally Posted by turboonostrilvision View Post
what you mean when u say gambling ?
Gambling: buy something hoping to sell it for more.

Trading: buy something and set a selling price that guarantee a profit.

The two are so close that most cannot distinguish between them. But I can say most are doing the first kind, including you. The banks are doing the second kind. This is why banks own shiny tall buildings, and you don't.
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Old Sep 15, 2011, 11:47pm   #55
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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 BeginnerJoe View Post
Gambling: buy something hoping to sell it for more.

Trading: buy something and set a selling price that guarantee a profit.

The two are so close that most cannot distinguish between them. But I can say most are doing the first kind, including you. The banks are doing the second kind. This is why banks own shiny tall buildings, and you don't.
I haven't got a shiny, tall building. But I do have a thick, veiny shaft.

Now you're interested, aren't you Joe?
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Old Sep 15, 2011, 11:57pm   #56
 
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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 petedeluiz View Post
It shows that it's you who don't know what you are talking about
Please enlightenise me for I am correct. I await the directionism of the error of my ways.
: smart:
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Old Sep 15, 2011, 11:58pm   #57
Joined Jun 2011
Re: What are the dumbest/most annoying things you have heard people say about trading

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Originally Posted by Jimmy Lulz View Post
I haven't got a shiny, tall building. But I do have a thick, veiny shaft.

Now you're interested, aren't you Joe?
You keep it where the sun doesn't shine. Clearly you got shafted by the banks so often that your reflexive response to anything at all is to drop your trousers.
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Old Sep 16, 2011, 12:01am   #58
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:
Originally Posted by Jimmy Lulz View Post
I haven't got a shiny, tall building. But I do have a thick, veiny shaft.

Now you're interested, aren't you Joe?
Dash reincarnate?

maybe not the stupidest but definitely rather dumb is:

"trading is a zero sum game"

stupidest was already mentioned:

"95% of all traders lose"
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Old Sep 16, 2011, 12:03am   #59
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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 BeginnerJoe View Post
You keep it where the sun doesn't shine. Clearly you got shafted by the banks so often that your reflexive response to anything at all is to drop your trousers.
Joe, it's so long it sticks out the bottom of my trouser leg - and that's only with a semi lob-on.

It used to scrape along the ground when I walked. In the end, I had to put a caster on the end of it to stop the friction burns. Lovely thing, it is - solid brass, salvaged from an 18th century dumb-waiter leg I found in a salvage yard.
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Old Sep 16, 2011, 12:03am   #60
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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 enragedcow View Post
stupidest was already mentioned:

"95% of all traders lose"
True, because the real figure is higher than 99%.
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