Just HOW do you make money in the markets?

This is a discussion on Just HOW do you make money in the markets? within the Trading Systems forums, part of the Methods category; Originally Posted by zupcon The comment didnt concern execution, it was made with respect to trading related information. still inaccurate ...

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Old Jan 3, 2010, 6:46pm   #16
Joined May 2007
Re: Just HOW do you make money in the markets?

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Originally Posted by zupcon View Post
The comment didnt concern execution, it was made with respect to trading related information.
still inaccurate in my view. Not only in trading; in any field if you are seeking a knowledge internet is great (mostly free) source. To advise someone not to utilise this source is a little bit strange.
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Old Jan 3, 2010, 7:14pm   #17
 
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Re: Just HOW do you make money in the markets?

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Originally Posted by searchlight View Post
To advise someone not to utilise this source is a little bit strange.
There's at least 3 of us on this thread who understand why its not such a great idea. Why would you wish to confuse someone with noise ?, its irresponsible to mislead people in that way.
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Old Jan 3, 2010, 7:25pm   #18
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Re: Just HOW do you make money in the markets?

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Originally Posted by zupcon View Post
There's at least 3 of us on this thread who understand why its not such a great idea. Why would you wish to confuse someone with noise ?, its irresponsible to mislead people in that way.

some people have a great gift of talking; without saying anything.
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Old Jan 3, 2010, 8:02pm   #19
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Re: Just HOW do you make money in the markets?

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Originally Posted by SteamRoller View Post
If knowledge, experience and ability in trading was linked to the number of posts someone had made on this site, then you'd be making another good point, however it isn't, and you're not!
Phew! I thought you were talking to me for a second.
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Old Jan 3, 2010, 8:07pm   #20
Joined Nov 2001
Re: Just HOW do you make money in the markets?

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Originally Posted by zupcon View Post
The comment didnt concern execution, it was made with respect to trading related information.
I think that that is a harsh criticism of the internet.
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Old Jan 3, 2010, 9:08pm   #21
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Re: Just HOW do you make money in the markets?

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Originally Posted by Croupier View Post
There are MANY ways to make money in the markets! In this forum you will find profitable strategies! All is right in front of you, BUT you have to invest time and trade it with small money to find out if it suits you. Maybe you work the full day, so there is no way to daytrade. Maybe you have a part time job and its possible to daytrade. Find a strategy that suits your life!

Every system you learn WILL make losses, dont change the system because of that. Losses are part of the game, again, focus! There is no easy way, find yours and make money.

In general: The trading system is not the problem. You have to learn how to overcome the human nature, your emotions. There are many profitable systems, but only a few profitable traders.

Good luck, it is a process to become a trader.
Please Croupier, you do no good by spouting these fraudulent generalities. It all sounds good from the perspective of a newbie. However, from an informed perspective you are saying nothing. This is irresponsible and potentially damaging.

From the Trade2Win Posting Guidelines:

7.6 Please don't pretend to be an expert if you aren't one. Humility is better than arrogance. It is fine to not know something or to be a beginner. Beginners masquerading as experts or who repeatedly give advice to others hurt the forum as learning traders may not yet be able to tell who is actually an expert, and who merely thinks he is one.
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Old Jan 3, 2010, 9:11pm   #22
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Re: Just HOW do you make money in the markets?

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Originally Posted by Splitlink View Post
I've worked on plenty of the ideas put forward on p-bars. IBs, patterns of all kinds. All of them are missing something
Yes, they are all missing something. If you only understood what...

Instead you recommend such drivel. You do not understand it all yourself yet you recommend to newbies that they follow the same path you followed, despite knowing first hand exactly where it leads. Disingenuous to say the least!

I know this will sound harsh to you, however you really do invite such comments by continuing to pop up on newbie threads to give advice which in the end analysis is the very opposite of helpful to aspirants.
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Old Jan 3, 2010, 9:20pm   #23
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Re: Just HOW do you make money in the markets?

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Originally Posted by searchlight View Post
still inaccurate in my view. Not only in trading; in any field if you are seeking a knowledge internet is great (mostly free) source. To advise someone not to utilise this source is a little bit strange.
You overlook the significance of the obvious. I will give you the benefit of the doubt that you are not doing this on purpose.

I am sorry to tell you that your view is not relevant. As you are not a truly expert trader you are not qualified to give advice on where to find the correct trading knowledge.

The more advanced traders on this thread were simply trying to point out that the majority of information a casual observer is likely to find on the Internet is so misleading as to be damaging. Before you know it they could be believing in indicators, systems, expert advisers, 10p spreadbetting and such. Then they will spend year after year on Trade2Win not learning anything and forming knitting circles...

Putting your attention on the issue, you will immediately realise that information which would allow an individual to take profits from other market participants and presented in a form which anyone could read, understand, and apply cannot possibly exist on the public Internet. You are encouraging a fools errand, not "utilising a source".
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Old Jan 3, 2010, 9:21pm   #24
Joined Oct 2008
Re: Just HOW do you make money in the markets?

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Originally Posted by zupcon View Post
There's at least 3 of us on this thread who understand why its not such a great idea. Why would you wish to confuse someone with noise ?, its irresponsible to mislead people in that way.
Great post Zuppie, but we are trying to make water run uphill. In the end analysis it is the newbies who suffer if they are misled...
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Old Jan 3, 2010, 9:43pm   #25
 
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Re: Just HOW do you make money in the markets?

Quote:
Originally Posted by ccclarette658 View Post
Please Croupier, you do no good by spouting these fraudulent generalities. It all sounds good from the perspective of a newbie. However, from an informed perspective you are saying nothing. This is irresponsible and potentially damaging.

From the Trade2Win Posting Guidelines:

7.6 Please don't pretend to be an expert if you aren't one. Humility is better than arrogance. It is fine to not know something or to be a beginner. Beginners masquerading as experts or who repeatedly give advice to others hurt the forum as learning traders may not yet be able to tell who is actually an expert, and who merely thinks he is one.
Do you think the number of posts in a forum reflects the real experience?
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Old Jan 3, 2010, 10:31pm   #26
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Re: Just HOW do you make money in the markets?

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Originally Posted by ccclarette658 View Post
You overlook the significance of the obvious. I will give you the benefit of the doubt that you are not doing this on purpose.

I am sorry to tell you that your view is not relevant. As you are not a truly expert trader you are not qualified to give advice on where to find the correct trading knowledge.

The more advanced traders on this thread were simply trying to point out that the majority of information a casual observer is likely to find on the Internet is so misleading as to be damaging. Before you know it they could be believing in indicators, systems, expert advisers, 10p spreadbetting and such. Then they will spend year after year on Trade2Win not learning anything and forming knitting circles...

Putting your attention on the issue, you will immediately realise that information which would allow an individual to take profits from other market participants and presented in a form which anyone could read, understand, and apply cannot possibly exist on the public Internet. You are encouraging a fools errand, not "utilising a source".
unfortunately for you, stupidity is not a virtue.
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Old Jan 3, 2010, 10:49pm   #27
 
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Re: Just HOW do you make money in the markets?

I'm going to give you the one piece of advice that has helped me: Test Everything!

. . . A very smart fellow once pointed out that this is the only business in the world you can practice at as many times as you like! I have no idea why people always want to blow their hard earned money before they know anything about trading. Instead, take your time. If something works figure out why it works and replicate it; if something doesn't work throw it out.

If you take this attitude you should be fine.
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Old Jan 4, 2010, 1:15am   #28
 
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Re: Just HOW do you make money in the markets?

Time is finite, therefore you cannot test every idea on the internet.

Anyone giving advice on here should back it up with Trading statements. Quantity would go down (perhaps to zero) but quality would improve.
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Old Jan 4, 2010, 3:47am   #29
Joined Nov 2004
Re: Just HOW do you make money in the markets?

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Originally Posted by DionysusToast View Post
Time is finite, therefore you cannot test every idea on the internet.

Anyone giving advice on here should back it up with Trading statements. Quantity would go down (perhaps to zero) but quality would improve.
No but you do need to test any idea that you believe for whatever reason may have merit. If you sit on your **** and wait for trading statements to point you in the right direction you will get absolutely nowhere.
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Old Jan 4, 2010, 4:01am   #30
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Re: Just HOW do you make money in the markets?

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Originally Posted by Splitlink View Post
I think that that is a harsh criticism of the internet.
I dunno. Never in human history has there been such an opportunity for so many to publish so much garbage and in the process expend so little effort.

I'm certainly not a technophobe, I've spent most of more working life as a software developer. But it's not only a one way superhighway to progress.

If one wants to be honest about it you can find just about everything (with a couple of notable exceptions) on TW2 in a handful of books and read far less dross in the process. This is particularly true of futures and FX trading.
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