Are you ready for this....?

tampa wrote:

>>And understand that no one can transfer their
>>success to you - because each of us is different,
>>each of us reacts differently. What works for me,
>>cannot, and will not work for you.

Okay, I understand that statement, but I don't agree with it totally. Not all (or even most) traders are using a distinct method. Most profitable traders are using variations of methods that other profitable traders are using. If a newbie can find a variation of this method, they can then begin adapting it to themselves. The experience will come, but first you have to survive.

>>And above all else, trading is an individual pursuit,
>>and that's why no one can really tell you how it is done.

Again, I agree and disagree (see what I wrote above).
 
WDGann wrote:

>>When we study and seek for something, we first
>>need the edge. Once we have the edge and you're
>>proficient with it, then we need to go into the
>>more deeper aspects of trading. Like not seeking
>>for profits and looking deeper inside you.

Okay, but where is this edge found if it's not in books and other traders are reluctant to teach it to a new trader? Please don't say it's found on the inside of each individual because you just said:

>>I think it's misleading to tell a new trader to
>>look inside them initially before they have the
>>prerequisite of trading which is to have an edge.
 
Maybe the reason some of you find that "successful" traders are reluctant to teach you what you need to know is because so many of you give the distinct impression that you are not interested in learning, but in having it handed to you.

What if I could teach you how to trade? What if I could give you the key to a lifetime of above average earnings, the security and independence you crave? How much is that worth? How much would you pay for my knowledge?
 
Originally posted by Long-Way-To-Go
WDGann wrote:

Okay, but where is this edge found if it's not in books and other traders are reluctant to teach it to a new trader? Please don't say it's found on the inside of each individual because you just said:
More...

Ahhh... here I go again. I'd just want to say that I'm explaining the same old thing over and over again.

I'm not going into your location and passion thing. I can't help you with that. We all have our own consequences and beliefs.

Where's the edge found? Read more books, goto charts, buy a back-testing software. It's like a scientific experiment process. You know the thing you learn in basic science class. 1. Question. 2. Hypothesis 3. Observation 4. Conclusion.

Yeah, that thing. So here's a simplified step.

1. Question. You're losing, the question is what can I do to make money? For this instance, what will be an edge in the market?

2. Hypothesis. Can this concept be an edge in the market. Let's say a Exponential Average crossing over price.

3. Observation. Go through charts, use computers, trade it... get some statistics, when you went in the chart... etc. etc.

4. Conclusion. Will it work, will it not. Conclusion leads to Question. It works in this market situation, it doesn't on this. What can I do filter the bad trades. What can I do maximize the good trades... Go back to 1.


I'm going to tell you straight out here. I don't do this and I try to work with people but you seem to be whining all the time and giving me unacceptable excuses as a trader.

Stop whining. Study your ass off. Go through charts. Go get yourself a back-testing software, learn the language, and start experimenting with your ideas. Gain knowledge, test what you thought and start questioning stuff in your own!!!! "THINK"

All your doing is blaming your losses other than yourself. I don't live by a firm. No one taught me. Traders don't help me. Books don't help me. It's all about him him him them them them. Start looking at what you are doing to be a trader. Stop feeling sorry for yourself!!! Stop whining and do something on your own.

Traders helped me? Sure, but at least I had the prior knowledge and experience to understand them and I had an open mind to listen to them.

again... "THINK AND USE YOUR HEAD!!!!" and equally important, "WORK YOUR ASS OFF!!!!"

That's it. Well, if you have any more questions, don't hesitate.

PS. I didn't swear!!! LOL
 
I want to add this.

This is what happens if you tell a complete beginner about inner self and finding your own style. They just have no idea about what most of us are talking about.

They start whining and because they can't find any answers with in them, they start blaming outside interferance.

Can we have a forum, only for profitable traders?

It's great to teach traders or trader-wannabes because it reminds you and reinforces your experience from other perspectives and all... But this is too pathetic. Most of the guys here have done some studying but they still don't have the nitch to apply it to an edge, that I can help. But... some guys...

Though, I don't blame him. You(all you traders who post in here) tell him to look inside themselves. Well, there's nothing there as a trader so he'll find nothing. You tell him books are worthless. He doesn't read, he will never get the prerequisite knowledge to understand, he won't come up with concepts that may be edging. You tell him other traders don't help, you have to trade. Then where is he going to go?

Sheez, whining is one thing, misleading is another.

Let's think more about what we post. Helping is great, writing what you feel is great, but let's post things with a little more consideration people.

Also, when you ask a question, give us more about yourself. Tell us where you're at, how much have you done. Every person is different and is in a different phase as a trader.

The list above is great though. Great post.
 
Originally posted by WDGann


I've debated this with Commisso on the other posts along with others about this.
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WDGann,

Can you please tell me where we have "debated" such a subject?

To my recollection I do not remember ever debating anything at all with you :confused: I really cannot understand why you would throw my name around in the middle of a conversation such as this...

Commisso
 
LOL, ok, debated was a wrong expression, but somewhat close in Van Tharp thread. It was a discussion. But we had contradicting thought and we discussed about it... so kinda debate.

I mention you because I like what you post. You seem to know what you are talking about, even though we have different views on a few things.
 
Originally posted by WDGann
LOL, ok, debated was a wrong expression, but somewhat close in Van Tharp thread. It was a discussion. But we had contradicting thought and we discussed about it... so kinda debate.

I mention you because I like what you post. You seem to know what you are talking about, even though we have different views on a few things.
More...

WDGann,

With all due respect, in regards to the Van Tharp thread I was speaking to you and not Andy -- that is why I directed my post toward you :)

I was just simply trying to point out that not everyone plays solely for the monetary rewards first and foremost.

PEACE and goodtrading,
Commisso
 
tampa wrote:

>>Maybe the reason some of you find that
>>"successful" traders are reluctant to
>>teach you what you need to know is because
>>so many of you give the distinct impression
>>that you are not interested in learning, but
>>in having it handed to you.

I created the wrong impression of myself somewhere along the line in this thread. I apologize for that. I'm not asking for you to hand me a perfect strategy on a silver platter. I'm just asking for the scraps of information that might get me started off on the right foot. Unfortunately, I don't have time to post a long drawn-out explanation right now, so I will try to condense it down into one or two sentences that are somewhat coherent:

Asking a few simple questions is likely to save me several months or years and thousands of dollars. The only stupid question is one that is not asked.

Hope that makes sense. Sorry for the confusion.

>>What if I could teach you how to trade? What
>>if I could give you the key to a lifetime of
>>above average earnings, the security and
>>independence you crave? How much is that
>>worth? How much would you pay for my knowledge?

That's not what I'm asking for, but since you brought it up: depends on what it's worth (i.e. cost/benefit analysis).
 
WDGann

>>Stop whining.

Like I explained to tampa, somewhere in this thread I created the wrong impression of myself. I apologize. I'm not whining, begging, pleading, etc.... I'm simply asking questions in a pursuit of knowledge.

>>but you seem to be whining all the time
>>and giving me unacceptable excuses as a trader.

All the time???

unacceptable??? Has every profitable trader abandoned their lives and obligations, packed up and moved to NY? I seriously doubt it.

>>Where's the edge found? Read more books,
>>goto charts, buy a back-testing software.
>>It's like a scientific experiment process.

That's the start of what I'm looking for. However, what I'm alluding to is: does the wheel have to be reinvented every time? Do I have to spend years backtesting worthless strategies until I stumble on one that I can work with and mold into my own profitable strategy?

If you had to start all over again with very little knowledge, would you rather:

A. Take random shots in the dark hoping to one day stumble onto something that works
-OR-
B. Ask for directions and help.

The intelligent choice is option B. You still have to get to where you are going by yourself (i.e. psychology and experience), but the trip is a lot shorter and more enjoyable.

>>All your doing is blaming your losses other
>>than yourself. ... Stop feeling sorry for yourself!!!

Who said anything before this post about losing money and/or blaming others? I don't feel sorry for myself.

I think everyone here has seen so many slackers come to ET and ask for the holy grail that they are starting to get paranoid and stereotype others.

>>But this is too pathetic. Most of the guys
>>here have done some studying but they still
>>don't have the nitch to apply it to an edge,
>>that I can help. But... some guys...

Again I apologize if I misled you. Somewhere along the line you thought that I was a complete newb. Not true. I've done my fair share of studying and still don't have what I would consider a true edge. I've even done quit a bit of trading.

To sum it all up: does the wheel have to be reinvented every time? I can understand how a wheel works without actually inventing it myself.
 
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