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Thank you for your contribution oraclewizard. I'm surprised that you haven't popped up before as what I'm asserting is directly counter to the purpose of Elite Trader. So, firstly, thank you for not silencing me and allowing heterdox views to be expressed. Time, money and patience is what you...

http://video.pbs.org/video/2210555122/ An interesting article posted elsewhere on the forum. You don't really have to be the most insightful individual to imagine the huge resources dedicated to extracting money from the markets. And where are their winnings coming from? Again, it's really...

do8, thanks for the input. With all due respect returned, I don't think you understand what I'm saying. When you create something you achieve 'success' (a nebulous concept but we'll use it in terms of gaining some sort of achievement. You are dealing with known and knowable parameters, such as...

I think the truth is that Financial Gambling, euphemistically called 'Trading', feeds beautifully into this paradigm. It promises that with enough knowledge and the correct mental attitude etc, we can become wealthy, independent and happy. A true narcotic. Trading creates failure. Human's do...

Amen

Yes. And don't we all know that when the 'picture' becomes rosey enough and all the retail investors on the sidelines flock back in to the market, they will be promptly shafted as it plummets several hundred points. It's tragic joke, this game.

If u can somehow change this psychological traps by studing Psychological Traders Behavior. If u refused to take notes on some of these traders experienced, u are walking into a trap like the OP Trap? Yes, it's called TRADING!

Yeh, you're harming me. It's called a fucking headache. If you'd understood any of my posts you'd know I'm trying to look at the wider issue of the industry as a whole and the Myth it perpetuates. The idea that psychologically flawed or not you will wind up poorer and unhappier down the line. If...

Enough psychopath material for a while please emg. Let's just stick with the normal, man. Most retail traders are regular guys, not sexy psychopaths or vampires.

I've clearly laid out my Premise, RCG. Now you can refute it with clear, accurate, substantiated and honest logic. Be my guest.

I'm here, as with all others, because I'm either hooked or a hooker. As my tail is not for sale, I'm the former: Hooked. Hence the thread title. I'm not free from the hook but I'm trading microlots and down only $30 so far this week. Are you here because you work for RCG (Rosenthall..). Are you...

RCG. Forgot to mention. All this stuff about 'price action' and percent risk return etc etc. Misses the point entirely. The system is DESIGNED' to extract wealth from weaker hands. 'Price' is just part of the design. It goes where you lose.

RCG. I'm afraid your're preaching to the coverted. Converted, that is, from the heresy of the Myth about leveraged retail derivatives trading and the fact that a snowball in hell has a greater chance of survival and to the light of acknowledgement and acceptence. Of course I now honestly believe...

I agree. It's just a regular guy who is being tortured by a huge losing position (huge to him and most other retail, that is). He's swearing and in pain but where's the evidence of psychopathy? To a lesser and alas a greater extent, we've all been there. Of course the market is a huge extraction...

Interesting. You're really into the Trader as Psychopath angle. I guess you could extend this to much global trading activity generally. The sheer pointlessness of it and the way commodity speculation distorts world prices, causing disruption, high energy and food prices for many of the world's...

Thanks for the post. Reminds me of the beat poets, Howling at the charts!

Just purchase them there dips. Eazy peazy lemon squeazy. I'll add this to the list of Necessary Trader's Talents: facility to become bored outta yer skull! Excellent!

You guys sound great. Why not get together and write a book 'The Centred Trader'. I'm sure your firms would give you time off. Be aware though you'll have some heavy competition: Showing 1 - 12 of 13,533 Results ...the number of books related to Day Trading. There's no downside to writing...

Nicely edited, Bone. Why don't you fek off and preach to the converted? This thread is for 'losers', not professors of the spread-bet multi-millionairs. A hedge is a bet, period. I take a long position on chf/jpy i'm short jpy whilst simultaneously long chf. Hedged but betting directionally. In...

TTX Pro. Eight open positions. Multiple FCM's. You're giving me a boner big boy.