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 forker I forgot one 95% of traders lose. I think this is very popular saying, is it ...

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Old Sep 13, 2011, 11:05pm   #41
 
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Post Re: What are the dumbest/most annoying things you have heard people say about trading

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Originally Posted by forker View Post
I forgot one

95% of traders lose.
I think this is very popular saying,
is it there to scare you of learning to trade in the first place ?
just wonder what the truth really is ?

I dont think that all here are vell educated traders
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Old Sep 14, 2011, 12:11am   #42
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Re: What are the dumbest/most annoying things you have heard people say about trading

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I dont think that all here are vell educated traders
Will formal education make people better in gambling then ?
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Old Sep 14, 2011, 12:24am   #43
 
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Re: What are the dumbest/most annoying things you have heard people say about trading

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Will formal education make people better in gambling then ?
well yes, depending on the subject. Statistics for example. I remember Arabianights told a story of how he used sports betting to arb his way to a "handsome" 7p return. Those geezers down in william hill will never learn yer dat!
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Old Sep 14, 2011, 6:31am   #44
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Re: What are the dumbest/most annoying things you have heard people say about trading

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Will formal education make people better in gambling then ?
Above-Average Math skills are beneficial.
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Old Sep 14, 2011, 12:27pm   #45
 
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Post Re: What are the dumbest/most annoying things you have heard people say about trading

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Will formal education make people better in gambling then ?
it will definetely not make them better in gambling
btw . what you mean when u say gambling ?
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Old Sep 15, 2011, 6:44am   #46
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Re: What are the dumbest/most annoying things you have heard people say about trading

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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, 9:46pm   #47
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Re: What are the dumbest/most annoying things you have heard people say about trading

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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, 11:31pm   #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 16, 2011, 12:16am   #49
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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 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 16, 2011, 12:20am   #50
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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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