amateurs have no chance

[ironchef]

Hope it works out for you. I got FUCKED in Feb 2018 and Oct 2018. If you really did pile in around the New Year, GTFO now. It would seem prudent.

To clarify, I didn't pile in in Dec, too slow to get out in Feb, Oct, but rolled and averaged down in Dec, a rookie move.

By the way I checked this morning, the professionals weren't doing that well in 2018 either:

https://www.marketwatch.com/story/h...but-outperform-sp-500-by-a-whisker-2019-01-08

If it is a zero sum game, someone other than the pros were making a killing.

 

[TommyR]

they make a killing by getting your money in and then being incompetent at the job they are supposed to do and thus systematically fuck the entire world up. the best pro's think u need 6 not great strategies (can show the maths) of if u do a trade how do you know what sizing or when to take profit. who knows.

 

[tomas262]

good point - the question is then why do people keep wasting time trying... and, is there any chance for success at all.

come on, pros are still human beings made of flash and blood, no gods made of steel

what distinguish pros and amateur is that pros know what needs to be done and how to do stuff properly while amateurs wamble around, chase dreams and search for holy grails ...

 

[fibo_trader]

interesting
but if the market does go up..as it usually does if people are sitting out...then these become buyers at higher level...
if it does fall as expected then these become buyers at lower level.
so when there are sitters ....sitting out, the bull will continue

Who are you?

I would love to meet you tailor.

In the meantime, help these kids out, best I can do is in 9 lines - can you do better?

starting from first principles and without the use of calculators or computers, prove that

cot 7.5 degrees = root 2 + root 3 + root 4 + root 6

 

[ironchef]

come on, pros are still human beings made of flash and blood, no gods made of steel

what distinguish pros and amateur is

: Most of us amateurs bring a knife to a gun fight, the pros bring their machine guns.

The smart amateurs don't participate in the gun fight, they go to the pros' celebration party and fight.

 

[schweiz]

the question is then why do people keep wasting time trying...

Because most people think they are smarter then they really are.

 

[schweiz]

By trying for 20 years persistently, an amateur becomes a pro.

If he makes money he will become a pro; if not he will become an idiot.

 

[Buy1Sell2]

A lot of professionals lose money. Look at a chart----it prices are trending higher, buy. If prices are trending lower, sell. Use prudent stops. Let winners run to maturity. Thank you for your time.

 

[padutrader]

Name an industry where amateurs beat the pros.

they dont: so what /who do you want to be when you grow up?

become a pro

 

[digitalnomad]

Look at a chart----it prices are trending higher, buy. If prices are trending lower, sell. Use prudent stops. Let winners run to maturity.

This sounds retarded. Makes me feel like I’m reading some old pre-internet era trading book.