Collection of the most stupid trading advice ever

[marketsurfer]

How do you "know" it is a worse price?.....the question is invalid because if you know it is at a worse price, that means you will not be buying.....but what about the one you are already in.....did you sell out.....this is because you know the prices will not rise further.....however.....

.....if this was a making of an up-trend, say a higher low (HL) then rather than saying it is at a worse price, it is in fact a great opportunity to add.....now, there are questions here to be asked.....how do you know that prices will rise further?.....why did the price come down in the first place?.....how do you know that you know?.....

.....more importantly.....why do you "think" the way you "think"?.....why do you "limit" yourself in this kind of "thinking"?.....do you even "know".....or even "aware" of it?

Are you a vendor?


surf

 

[Blueline]

it's a nice idea, but in practice you don't know whether you are buying low or selling high until u close your position.

So previously.....it was a stupid idea.....now it's a nice idea.....so BLASH don't belong under this thread any more then?

Are you a vendor?

.....you assume too much!.....need to be mindful!

 

[Visaria]

I said it was stupid ADVICE (the idea is rather nice if you can do it) to buy low, sell high....mtrader gave the reasons why.

maybe u need to adjust your sales literature?

 

[Blueline]

I said it was stupid ADVICE (the idea is rather nice if you can do it) to buy low, sell high....mtrader gave the reasons why.

maybe u need to adjust your sales literature?

So in your "mind".....it is not possible.....why?.....why do you write the word "IF".....do you think successful traders have such thinking?.....you are aware that successful traders "CAN DO IT".....why is that?.....because they can do this BLASH.....not only that, they can do it consistently.....time after time......WHY is it YOU cannot?.....why?

.....you can throw away that ego bit on the sales literature.....not good for you.....what goes around comes around!

 

[Mtrader]

Are you a vendor?

.....you assume too much!.....need to be mindful!

A little bit competition is good for the buyers, will bring lower prices. Monopoly is never good for consumers.
Can you both make your best offer?

 

[Visaria]

So in your "mind".....it is not possible.....why?.....why do you write the word "IF".....do you think successful traders have such thinking?.....you are aware that successful traders "CAN DO IT".....why is that?.....because they can do this BLASH.....not only that, they can do it consistently.....time after time......WHY is it YOU cannot?.....why?

.....you can throw away that ego bit on the sales literature.....not good for you.....what goes around comes around!

Mate, when you start trading you will understand. When you buy something because you think it was low in price and find it goes even lower, you'll realise then what i'm saying.

Best wishes for sales of your product whatever that may be!

 

[wwatson1]

How do you "know" it is a worse price?.....the question is invalid because if you know it is at a worse price, that means you will not be buying.....but what about the one you are already in.....did you sell out.....this is because you know the prices will not rise further.....however.....

.....if this was a making of an up-trend, say a higher low (HL) then rather than saying it is at a worse price, it is in fact a great opportunity to add.....now, there are questions here to be asked.....how do you know that prices will rise further?.....why did the price come down in the first place?.....how do you know that you know?.....

.....more importantly.....why do you "think" the way you "think"?.....why do you "limit" yourself in this kind of "thinking"?.....do you even "know".....or even "aware" of it?

Because if it's higher than what I previously Payed than its a worse price!!

 

[J_Smith]

Buy low and sell high is the most stupid advice i have ever heard.

VA..:eek: - BLASH & SHABL - and they the best of friends

 

[d08]

1. All you need is a plan and stick to the plan!! It's not the "plan", it's YOU that keeps you from trading like the unverified gurus who make the claims and gave you the "plan".

If you come up with a solid plan, that's true. Plans can be modified as markets change but execution must always reflect the plan, if you deviate too much then you might as well throw the plan away.
Gurus have nothing to do with a trading plan, if you rely on gurus then you've failed before you even started.

5. The primary TA premise that the past can be used to find an edge in the markets

We've been over this, it's been proven time and time again to be true. Hell, even Renaissance Tech uses this methodology.

6. Discipline is the most important thing

Find me a profitable trader who lacks this, I'll show you a liar.

 

[d08]

I trade futures intraday.
I arrived at a reliable stop level, but most important is that I already get out before the stop is reached most of the time. Stops are, to me at least, for emergency situations. Don't have really problems with spikes. Fills can be 1 or 2 ticks worse, that's all.

You didn't read my initial comment which stated that stops are ALWAYS a good idea.
In your case, since you apparently trade extremely liquid futures, naturally they can make sense.
Don't assume everyone trades very liquid futures as that's only one group of instruments.