300% return on capital !

meanreversion said:
This question is specious and illogical. The inference is that successful trading precludes any free time whatsoever. You really are a silly little boy, aren't you? Don't you have some homework to do or something?
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Specious is used out of context. You are trying to be clever, but you fail. Successful trading does not preclude spare time. My question was, dont you have anything better to do in your spare time?
 
snorre101 said:
One last question, If you are such successful traders, with supposedly some money to spent, and places to go, why do you spend so much time on this forum ?
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That's a fair question.

I think we have partially answered that in this thread, but I'll indulge your question by answering it honestly from my own standpoint. Some of us enjoy learning and sharing what we know with others and helping others. It's in our DNA. If you don't have that "help others" gene you probably won't understand this motivation. Trading success gives us the time to indulge this passion.

Trading can be a lonely enterprise. I work from a home office and my wife works in a company office. Being on a forums offer some social interaction, albeit not face-to-face, that enriches our lives and hopefully enriches the lives of those with whom we correspond.

There are other less important reasons. However, if you "get-it" these examples should answer your question.
 
HowardCohodas said:
That's a fair question.

I think we have partially answered that in this thread, but I'll indulge your question by answering it honestly from my own standpoint. Some of us enjoy learning and sharing what we know with others and helping others. It's in our DNA. If you don't have that "help others" gene you probably won't understand this motivation. Trading success gives us the time to indulge this passion.

Trading can be a lonely enterprise. I work from a home office and my wife works in a company office. Being on a forums offer some social interaction, albeit not face-to-face, that enriches our lives and hopefully enriches the lives of those with whom we correspond.

There are other less important reasons. However, if you "get-it" these examples should answer your question.
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My apologies then. I agree with what you say. My initial post was with the intent to get some reaction, to troll. Of course there is a lot of good advice on the forum, and we all need advice at some point, even super traders like myself, ( thats a joke, please stay calm everybody )
 
To all you negative people out there. My thread is the most popular. I am in first place, the first star ! ThankYou !

PS. The Troll is going to bed now. Probably the moderators will close the Troll's thread anyway.
 
snorre101 said:
To all you negative people out there. My thread is the most popular. I am in first place, the first star ! ThankYou !
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I'm not familiar with how to rank a thread in popularity. However, when I click on "New Posts" it's usually near the top because it was posted to most recently.
 
Damn why do the entertaining threads all happen when I am asleep?

And by the way snorre101 unless you post more details then all you are doing is trolling. Otherwise what is the point of the thread? No-one here believe that you have discovered the holy grail of trading after 45 days, especially as this has been a 45 day period when the stock markets have trended strongly and streadily upwards (depending on what you are trading).

One thing that you will find that of most successful traders is that they generally don't mind letting people know the basics of their system, in terms of markets, strategies (trend following, countertrend, scalping etc). There have been so many new posters recently that claim they have the market cracked after a few weeks having doubled their money etc. Almost none give any evidence and almost all soon disappear when their account blows up (with the exception of ODT who hasn't placed a live trade in his life).
 
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By the way, everyone be nice to HowardCohodas. Under his profile it says that he is a "Concealed Carry Weapons Instructor". Also under friends it says that he "hasn't made any friends yet". Looks like a time bomb waiting to go off to me......
 
snorre101 said:
To all you negative people out there. My thread is the most popular. I am in first place, the first star ! ThankYou !

PS. The Troll is going to bed now. Probably the moderators will close the Troll's thread anyway.
Click to expand...

Quit baiting the mods. You along with everyone else has no idea what the mods will do in any situation.:)
 
Shanghai said:
By the way, everyone be nice to HowardCohodas. Under his profile it says that he is a "Concealed Carry Weapons Instructor". Also under friends it says that he "hasn't made any friends yet". Looks like a time bomb waiting to go off to me......
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"Now that's funny right there. I don't care who you are." ---Larry the Cable Guy
 
being very honest, I would give one warning. You may have found your own holy grail, but beware it's very easy to get "euphoria" after a winning streak, the mind plays all sorts of tricks. Many times I have thought after a very good trading period that "i've got it!", only to be humbled by the market the following month... So just be careful the next 6 months..
 
Many years ago a fellow known as "Aleph Sigma Chi" posted comments under a thread titled "Unfashionable Advice". From time to time his sage observations bear repetition. I hope he would not object to being re-quoted here:

Aleph Sigma Chi said:
In my early days as a trader I was exceptionally lucky to have a mentor. A man of senior years, kind manner and with the sharpness of wit and presence of mind only a veteran trader has. “Trading.” He said. “In no other field of human endeavor of which I have experience do so many enter with expectations of achieving immediate and overwhelming success, but with no intention, desire or expectation of expending the tremendous effort necessary in acquiring the appropriate level of skill, knowledge and experience required to ensure that success. And while initial underestimation of the amount of effort required can be forgiven, what stuns me still, is when they are given guidance from those who know as to just how much graft is required, they still believe they can do it without. Why is that?

I know quite a few traders. That is, a few who have been trading a significant length of time and are consistently successful. I have also known a far higher number of ‘bright stars’ who burst upon the trading firmament, only to be engulfed by their own incandescence a short while after reaching their zenith.


Trading is not a get rich quick endeavor. Or if it is for you, the probability of you keeping your new found wealth over any usefully appreciable amount of time is very low. If you’re in that happy and dangerous situation - stop now and do something else! Anything else.


The only successful traders are those who have been doing it for a long while and they are successful because they have been doing it a long while. Circular? Yes. Helpful? Not at first glance. If you’re looking to find the Holy Grail you should switch off at this point.


For those who want to learn, they need to listen. And listen in a very different way to that which they are used to.


In the same way the human ear must physically detect acoustic vibrations to hear sounds, so must the trader train him or herself to detect information from across all the physical senses and from the supra-physical senses too.

Some will call it “traders’ intuition”, others “being in sync with the market”. But it goes much further than that in that. You must develop skills in order to develop skills. Do you understand this? The skills you must develop in order to develop the skills you need for trading successfully are focus, concentration, awareness and absolute and total commitment. To understand the difference between awareness and perception. And to train yourself to delay the transition of one into the other. This is just the start. If I were to tell you, honestly and simply the process you will have to go through, the effort, the hours, the physical and mental strain and the contortions of mind you will need to perform – you would either not believe me or if you did, would choose not to do it. Who in their right mind would? But for those few who have no choice, who are burning with the passion to trade, the absolute need to trade, they will willingly follow and inwardly recognize and comprehend that what I am saying is true. Because they know it can’t be that easy. Or every fool and his dog would be doing it. These are the sensible ones. The ones that can learn.”

This didn’t work for me. I didn’t want to go through all that hassle. I just wanted to trade. And quite frankly, I didn’t need to go through all that. Why? Because I could do it quicker, easier and make more money more quickly. Because I was special. Above average.


Years later and after serious initial capital losses, I realized I was the successful trader I had started out wanting to be. Through my own route. Ending up at that same destination my mentor had tried so hard to tell me about. I had learned my way. The hard way. The expensive way. I attempted to trade before I developed the characteristics of a successful trader. The wrong way round. The way most would-be traders do it. And he was right. If I had known just what would be involved I would never have undertaken the journey.


Has this put you off? Good. Becuase if my just telling you this can do it, you would never have lasted the journey anyway. I've saved you time, money and torment.


If however, you have no choice in the matter, you're probably made of trader stuff. Not only will you learn to trade, you will have had to develop skills that will have a value to you far greater than mere trading profits.


I'll post again when I get the time and develop this thread further.
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HarryMinot said:
Has this put you off? Good. Because if my just telling you this can do it, you would never have lasted the journey anyway. I've saved you time, money and torment.

If however, you have no choice in the matter, you're probably made of trader stuff. Not only will you learn to trade, you will have had to develop skills that will have a value to you far greater than mere trading profits.
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That's a great fookin post Harry, I especially like this bit ...nice one...:)
 
HarryMinot said:
Some will call it “traders’ intuition”, others “being in sync with the market”. But it goes much further than that. You must develop skills in order to develop skills. Do you understand this? The skills you must develop in order to develop the skills you need for trading successfully are focus, concentration, awareness and absolute and total commitment.
Click to expand...

An interesting and long post. Seems the bottom line reduces to one of my favorite maxims. "All great achievements are a product of will and focus." The obvious subtext is long hours and hard work.
 
You know sometimes you have to take a path becasue it is in your blood, almost like the tale of the scorpian and the toad when the scorpion wants to cross the river? Sure you all know it.

Any one can try and offer adice here, to be a successful trader have said it many times, you have to be very clever, self learning, absorb a lot of information in a nano second at times and quite simply only the strongest and the best survive. So much an out of the box thinker and no doubt It is the game of the gods and a very hard way to make a very easy living. Unless you have all the right traits you probably wont make it but is that not what we all love about it? It is a never changing animal and you either continually adapt or you die, simple evolution.

His post here is so typical of an early trader mentality with his self assurance and 100% confidence in what he is doing and yes only time will tell if he is made of the right stuff but wish the guy the best of luck.

Yes it does take years to learn no doubt and I do laugh at the way I used to trade back in the early days and after years love the fact that I feel at times I am conducting an orchestra with the market, butn I learnt that from myself and just continually watching the markets but we all have to start somewhere and you have to sail close to the rocks to learn the best lessons in life and why should this guy not go where he wants to go and good to hear he is not sat on some mentours shoulder?????

You guys sometimes think you are in this exclusive club where you have to trade in a certain way and go through a certain learning curve otherwise it is ******** and some posts get ripped apart.

The hieracy love to mock on this site. 99% of traders are arrogant as it comes with the territory and quite frankly there are so many ways to trade, the slow thinking methodical trader as most are on this site have hours spare just staring at charts and troll through this site and love looking down on the rest but the new dynamic trader that is continually adapting and making a dynamic assessment almost every second based not just on your basic fundamentals and indicators, S/R etc but absorbing all of that information plus a lot more that they need to in that split second to enter into a trade are the real traders in my humble and probably no one cares opinion, and they will make the most money hands down if they can get it right.

I never ever wanted to sit on someones shoulders and quite frankly think anyone who does is not made of the right stuff to succeed long term. To start trading with a totally non-biased, freash perspective and opinion on the markets is worth its weight in gold if you have what it takes you will make it regardless. Anyone can follow the pack, are you a shepard or a sheep......................

Good luck fella, not going to offer you anything else apart from that, if you can make it then you will regardless of what I or any other bugger on this site tries to offer you in advice.
 
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