A message to those that constantly complain

Quote from Zr1Trader:

+1 seems that there has been more than usual number of
"Daytrading is impossible" threads lately.

It's like sitting in front of a slot machine at the casino, you're going to lose! Learn to count cards or find a way to win with statistics to back it up!

Some people are so addicted to slots that they will not leave their seat, they will piss their pants in order to keep their machine. Now if you're counting cards then maybe this would be acceptable :) Just where depends

"where depends" or.............wear DEPENDS?
 
Quote from 1flyfisher:

That is because they have failed elsewhere and have little money and no skills that an employer wants. IE no head hunter is looking for them and calling them up offering them a $100K+ job offer.

I'm sure this is why people decide to become traders

Quote from 1flyfisher:

Just look at the average spelling and writing skills on here. Would you think their math skills or analytical skills or knowledge of economics or finance is much better?
The markets do need fodder for the cannons though.

Because math skills are correlated with spelling skills

ET you are cracking me up tonight
 
Takes time and scars.

No complaints.

Crazy A

687q69.png
 
Quote from austinp:

+100

A skilled trader can show anyone else what to do for successful trading... but no one can be taught how to trade.

That's the slight but monumental difference. Showing someone how to read a chart, break it down into action zones versus avoidance zones, how to measure for projected price targets, etc can be easily shared.

But the learning how to manage trades in various market conditions, how to quit before digging big drawdowns, how to manage oneself emotionally, how to self-monitor for "tilt" control, when to add size or reduce size... and a million other little details like that take real-life experience.

Experienced traders can show the core basics and demonstrate anything else. Aspiring traders must accept and assume all of the self-learning aspects from there.

Anyone can teach someone else how to throw a baseball, how to throw changeups and breaking pitches. No one can teach another how to throw strikes all around the batter zone.

Anyone can teach someone how to fire a rifle, how to reload their own custom rounds, how break the gun down down and clean it, etc. No one can teach someone else how to shoot five-round 5" bullseye groups at 500 yards.

That's the difference.


This coming from someone who makes the vast majority of his income selling services (cd's, live chat room) and "teaching" and after ~10 years often doesn't trade more than 1 or 2 lots...
 
That is exactly why many people gravitate to trading. Because they have little to no other options and trading has minimal barriers to entry. Anyone can open a trading account. Many come here looking for advice with only $5000 thinking they can turn that into millions. Why do they only have $5000 to start, because they weren't the CEO of a co getting paid multi millions, they were likely struggling at some job before getting laid off or fired. Meaning they have little to no skills and aren't very valuable and able to generate income. Comprende? They were barely able to scrape up $5000 or $10000 due to their lack of skills and abilities. But of course now they found trading and will easily make millions.

And yes math and spelling skills are correlated and indicates average intelligence. Your low level IQ wasn't able to comprehend this. But you can click emoticons. That you can do. Critical thinking.....LOL...not so good.
Quote from 1a2b3cppp:

I'm sure this is why people decide to become traders



Because math skills are correlated with spelling skills


 
nice bill board. I wager 9 out of 10 traders on et will have to do a double take.

Quote from stock777:

1flyfisher, you've hear if the Illuminati ?

on et, we have the Illiterati


illiterate-billboard.jpg
 
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