Almost everyone is lying. Because there's no such...

Typo: With a little help

ElectricSavant said:
DeadTrader, I feel your pain. I have quit trading just to return several times in my life. I cannot even speak to my wife about trading, but ironically she will play the lottery. I view trading like playing the lottery.

I have discovered the Micro Nasdaq (MNQ) after wasting many years in the "Wild West of Forex". I always wanted to trade the Nasdaq as it is the best bang for the buck compared to other index futures, but it seems so wild. Now I can experiment live with a micro contract and lose more slowly and gain the much needed live trading experience that I need. Yes I hold out for the time that I can get an edge. I have not given up but I am in search of what fits me to stave off the truth that the market is just a big casino in which the traders that you are competing against will never help you. Even if a kind soul tried to help you it may not fit and you would not use the knowledge given you. This trading thing becomes a personal quest in which I may die before finding the "edge" that I speak of. I told Wifey I am forever lost.

Fortunately, my house has no mortgage (just property tax) and I do not use credit cards. I am 60 years old and cannot really retire if I wish to keep trading as I constantly need to fund my trading habit. How much have I lost while chasing my dream of finding an edge and becoming consistently profitable?...I do not want to even go there. To deal with this reality I insist on trading being gambling to deal with my failure.

is trading "not gambling". Vote here:

Is trading Gambling or not .."What say You" Vote here.

P.S. You know my trading is like my walk with the Lord Jesus Christ. First, You got to admit you are a sinner to be born again (with a little help :)). When you begin your "NEW walk of trading" perhaps "probabilities" can become job tools instead of gambling temptations.
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Check out my thread:
https://www.elitetrader.com/et/threads/position-trading-calls-and-ideas.335664/

Since it was created a few weeks ago, there were many great real time calls and trades.
Check out :
vanzandt's calls on CMG and AZO;
SPX Blaster's call on equity indices week of Sep 15;
my trades on 10 years T-note and GBP.

If you think they were lucky, then just keep watching, there will be consistent winning calls and trades.

Position trade real time calls can be easily verified through time stamps. For daytrading calls, one or two miss for each trade mean significant and could change the whole result.
But for a 100 points multi days winning or losing call, one or two points miss have no impact on final trade result. So position trading calls will give you a real picture of traders' trading.
 
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ElectricSavant said:
Typo: With a little help
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LOL your wife has great sense of humor;
trading + investing is not like lotto @ all. Even though some think they can risk a few bucks + win millions LOL...…………………………………………………………………………………….
 
DeadTrader said:
Hi

Because, there's no profitable system. If there's, nobody will teach you what it's. Trading is a zero-sum game. Your odds are same in Vegas. There's no such profitable trading system.


There's no scientific study that proves trading is profitable. Come on guys. Really? Don't you think that there are profs trying to find some scientific evidence? Don't tell me about momentum. It's all luck... That's it.

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Everyone says aim for 1%-2% return per month. Lol! How can you trade for living? Assuming that you need at least 3-4K per month. So you simply need 300-400K account to make 3-4K per month.
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As the old adage goes, "those who tell don't know, and those who know don't tell." This ain't feel-good millennial share-everything social media-based business, it's cutthroat. Is what it is bruhhh.

Momentum's all luck? ok, ok.

"you simply need 300-400K account to make 3-4K per month." That's patently false. Take a big bong hit and hit the reset button on your approach.
 
joederp said:
As the old adage goes, "those who tell don't know, and those who know don't tell." This ain't feel-good millennial share-everything social media-based business, it's cutthroat. Is what it is bruhhh.

Momentum's all luck? ok, ok.

"you simply need 300-400K account to make 3-4K per month." That's patently false. Take a big bong hit and hit the reset button on your approach.
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OK;
if 95% that know, don't tell. Find the 5% that know + tell + show + tell. Like IBD/Investors Business Daily, well weekly now. HE does NOT use momo, except on some silver....charts, so dont thinks its that easy...………………………………………………………………………………………………..
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murray t turtle said:
%%
OK;
if 95% that know, don't tell. Find the 5% that know + tell + show + tell. Like IBD/Investors Business Daily, well weekly now. HE does NOT use momo, except on some silver....charts, so dont thinks its that easy...………………………………………………………………………………………………..
.
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Ggrrreaattttttt
 
People need to expand the definition of trading. Picking the direction for one product is not the all encompassing definition of trading. Arguably, that's not even trading. That's speculating
 
Trading is like a giant ponzi, buy, hoping that you can sell to a bigger fool.
Then when it all comes crashing down, start over once again. Just hope like hell you aren't the last fool bag holder, prior to the belly up.
 
What the turtles were doing was more of position trading. They held onto their positions until their stop losses took them out of the trade. It is longer term since, they were trend following. Trend following has a low win percentage. I believe the figures were 50% losing trades, 30% small winning trades and 20% huge winning trades. Even Ray Dailo in an interview said that retail traders should trade longer term and diversify to cut risk.
 
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