Blowing Up
- Thread starter blowingup2012
- Start date
that is interesting story. me too, I started with 4k, and almost know nothing about the market, follow my instinct, and in short time, my account gained 10 fold more gains. then I stumbled onto a minor drawdown, I thought I may need read or learn trading seriously. so I read lots of books, and went through forums etc.
the most harmful books I read is: trading in the zone, others such as disciplined trader. those are a shit book. teach you how to lose. put too much attention on technicals, if this breaks, then what, if this indicator ..... in reality, who konws when a move will happen.
those books suggest I need stop loss, bla ... each time I read, I stumbled ...
then I realized trading is not about stop loss/economic data/projection, just common sense: buy low, sell high.
avoid any suggestions/books/tutorials/TV/news/opinions, think independly and trust yourself. you will be among the 10%. that is my conclusion.
the most harmful books I read is: trading in the zone, others such as disciplined trader. those are a shit book. teach you how to lose. put too much attention on technicals, if this breaks, then what, if this indicator ..... in reality, who konws when a move will happen.
those books suggest I need stop loss, bla ... each time I read, I stumbled ...
then I realized trading is not about stop loss/economic data/projection, just common sense: buy low, sell high.
avoid any suggestions/books/tutorials/TV/news/opinions, think independly and trust yourself. you will be among the 10%. that is my conclusion.
I have seen people on this site try to mislead aspiring traders before. More specifically, I've seen people come right out and tell posters to stop posting because their content is useful to people. Or, do not give away their secrets. Etc. Stuff along those lines.
The thinking is that the winning few need many lambs for slaughter, and so, why help someone? You want their money. You want them to trade when they don't know what they are doing. It's easy money for you.
That's not how I see trading or traders.
The quoted below is stupid advice. It's more. It's malicious. If it was meant as a joke, there's nothing funny about it. It should be disregarded.
The thinking is that the winning few need many lambs for slaughter, and so, why help someone? You want their money. You want them to trade when they don't know what they are doing. It's easy money for you.
That's not how I see trading or traders.
The quoted below is stupid advice. It's more. It's malicious. If it was meant as a joke, there's nothing funny about it. It should be disregarded.
Those books are psychology, nothing about technicals, he says right in his zone book "The trading system you choose can be mathematical, mechanical, or visual (based on patterns on price charts). It doesn't matter whether you personally design the system or purchase it from someone else, nor do you need to take along time or be too picky trying to develop the best or right sstem."
He says "For those of you who might be wondering, I'm not going to make any recommendations about what system or variables you should use"
This is page 189 and 190.
Where's the pages with all this " technicals, if this breaks, then what, if this indicator" ??????
Did you click her icon.....
Maybe another NoDoji who is also a woman trader....no I don't think so
edit: you're talking about blowingup....I understand I just wish they were off and into a shrink room instead.
Couldn't agree more! Take the time to learn a strategy that fits well in whichever market you're trading. Observe the market, journal the days, develop a strategy to trade the market, and stay disciplined!!!
Don't cry about not being successful in these markets on a public forum because the reality is, is that most people lose! Learn from it, pick up the pieces and try again. But only if the risk capital you have allows you to do so!
This just show's he can't stay disciplined! And when you're not disciplined in these markets your bound to lose a huge amount of capital in your trading account.
"Quote from DonCorleone:
just curious, any of you use stock twitter?
this thread is awesome, but it sometimes gets cumbersome to constantly hit f5 button to update the thread...."
Nodoji-
"Never have, though I found out some time ago there is a NoDoji who tweets trades each day. That is not me tweeting. I am NOT for the birds!"
just curious, any of you use stock twitter?
this thread is awesome, but it sometimes gets cumbersome to constantly hit f5 button to update the thread...."
Nodoji-
"Never have, though I found out some time ago there is a NoDoji who tweets trades each day. That is not me tweeting. I am NOT for the birds!"
my story is true. not funny.
maybe those books help others, but they do hurt me.
each time I read those books, I get hit. those books's focus is wrong.
trading is not psychology, or technicals. it is intelligent game.
I come arcoss one book, by william o'neil" how to make money to sell short". that helps me lot.
martin schwartz' pit bull, and jessise livemore's remineces. those two books help me too.
others I find just garbages, and harmful.
maybe those books help others, but they do hurt me.
each time I read those books, I get hit. those books's focus is wrong.
trading is not psychology, or technicals. it is intelligent game.
I come arcoss one book, by william o'neil" how to make money to sell short". that helps me lot.
martin schwartz' pit bull, and jessise livemore's remineces. those two books help me too.
others I find just garbages, and harmful.