Dunning kruger traders

[BearRunner]

example of Dunning Kruger person:

He believes professional traders work on forums.Appears on a fx forum as a poster who deludes himself as a professional , after working at METATRADER PROFESSIONAL , the word professional is suck a up.He has never traded live , except given signals to customers , for his brokerage , on binary options.

He calls himself OPTIONS PROFFESIONAL

YOU ASK QUESTIONS "replies are evasive , defensive and attacking the asker "

Example :I know everything , I know it all , I can teach it all to you , You can have discussions for days with me on any arguments

Are you describing yourself here?

After reading a couple of your threads where YOU are the predominant poster with the most replies over the life of your OWN thread, often with vague references and expressions of your "expertise" but no actual substance.

Are you describing yourself here????? But because you suffer from the "Dunning Kruger" effect yourself, your blind to what you are actually showcasing about yourself.......

 

[Trading Education Buyer]

Are you describing yourself here?

After reading a couple of your threads where YOU are the predominant poster with the most replies over the life of your OWN thread, often with vague references and expressions of your "expertise" but no actual substance.

Are you describing yourself here????? But because you suffer from the "Dunning Kruger" effect yourself, your blind to what you are actually showcasing about yourself.......

I am trading education buyer , I am a learner learning from you guys . I know nothing

 

[Trading Education Buyer]

You have TOTALLY missed the meaning of the "Dunning Kruger" effect.

Which should lead a normal, rationally functioning person to the realization that they might be suffering from it themselves but sadly that wont be the case for those that genuinely suffer on the low functional side because the "Dunning Kruger" effect explains that those that suffer from it DON'T have the necessary skills to self asses that they themselves suffer from it.

Dunning Kruger traders process their beliefs , INFORMATION , BIASES AND PSYCHE IN REAL TIME.They have no idea about real trading , but they think they know it all.

1)Now go back to the robber who wore juice , he had a BELIEF about juice

2)The trading educator had a BELIEF , he was a professional

3)A genius on this forum claimed , I trade Sand P trends twice a day .What is this belief so incompetent about this statement ?A real trader would know, A fake would not.

4)Another genius said " give a great back tested system to a novice and he will become a trader " What is wrong with this information/belief about the original genius and the dumb educated?

5)Authors wrote books , most failed at trading , they could not make money from trading , the limitation of beliefs of the trader who relies on books is the limitation of his failed GURU

How do they know what is right and wrong ?All the above have the necessary skills to asses , but they suffer from deluded beliefs.

At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of beliefs that enter into trading decisions.

 

[Trading Education Buyer]

Another point

All elite traders hang out on ELITE TRADER

 

[Trading Education Buyer]

https://www.elitetrader.com/et/threads/10-000-hours.282391/

??????????????????????????????

The easiest way to trade does not require 10,000 hours of dues etc , it can be taught to university graduates , it can be taught within 3 months /300 hours

 

[Trading Education Buyer]

Another point

All elite traders hang out on ELITE TRADER

 

[Trading Education Buyer]

Traders were given the following highly profitable backtested system to trade , they lost money using these system

http://www.businessinsider.com/colin-camerer-wins-genius-grant-2013-9?IR=T






https://www.elitetrader.com/et/threads/trading-with-emotional-intelligence-than-emotionless.299723/

study stress responses , dealing with uncertainty ,the need to be right

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=stress+responses

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=the need to be right[/QUOTE]

TRADERSWERE

Dunning Kruger traders process their beliefs , INFORMATION , BIASES AND PSYCHE IN REAL TIME.They have no idea about real trading , but they think they know it all.

At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.
Consider the trading rules that work: 1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money (i.e. risk) so you can stay in the game. If you design something around following those rules, you'll make a lot of money. This all about Trading Psychology.

A trader is his own worst enemy ,the enemy is within , because the odds are against the trader .Most humans are not capable of being rational and behave rationally in trading , with the negative edge ,with losing emotions , stress , trend chop outs , psyche , losing sequences/ drawdowns and winning periods

https://www.elitetrader.com/et/threads/dunning-kruger-traders.303402/#post-4341650

https://www.elitetrader.com/et/threads/winners-versus-losers.303364/

https://www.elitetrader.com/et/thre...-processing-information-about-a-trade.303149/

https://www.elitetrader.com/et/threads/traders-trade-emotions-they-dont-trade-methods.303238/

https://www.elitetrader.com/et/threads/trading-with-emotional-intelligence-than-emotionless.299723/

study stress responses , dealing with uncertainty ,the need to be right

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=stress+responses

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=the need to be right

 

[Trading Education Buyer]

example of Dunning Kruger person:

He believes professional traders work on forums.Appears on a fx forum as a poster who deludes himself as a professional , after working at METATRADER PROFESSIONAL , the word professional is suck a up.He has never traded live , except given signals to customers , for his brokerage , on binary options.

He calls himself OPTIONS PROFFESIONAL

YOU ASK QUESTIONS "replies are evasive , defensive and attacking the asker "

Example :I know everything , I know it all , I can teach it all to you , You can have discussions for days with me on any arguments

The stupid are to stupid to know they are stupid!

This person believes he has an edge , that only he knows , if he gives it away , he will never make money .

There are mathematicians who know this edge and are already trading , far superior edge.

Please look in the mirror and test out Dunning Kriuger , then make these claims.

 

[Trading Education Buyer]

can you spot the competent or the incompetence?

https://www.elitetrader.com/et/threads/get-long-the-gbp.303465/

https://www.google.co.uk/webhp?sour...v=2&ie=UTF-8#q=95 % 100 % of all traders lose

95% believe their losses are a sacrifice of long term investing.d k
95 % club believe , their losses on shares are long term investments , not losses

 

[Trading Education Buyer]

http://www.patheos.com/blogs/crosse...e-stupid-too-stupid-to-realize-theyre-stupid/

Has it ever seemed to you that less competent traders rate their competence higher than it actually is, while more competent traders humbly rate theirs lower?

It’s not just your imagination. This is a genuine cognitive bias called the Dunning-Kruger Effect.

The Dunning-Kruger experiments behind the research focused on cognitive tasks (logic, grammar, and evaluating humor), but similar disparities exist in other areas. In self-assessment of IQ, below-average people overestimated their score and those above average underestimated.

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=dunning kruger studies , quotes , effects

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=dunning kruger studies , quotes , effects

https://en.wikipedia.org/wiki/Dunning–Kruger_effect

enjoy wisdom of a wise man.There are many traders with delusions about their competence.Many traders start trading live accounts , when they have no proven profitable skills in their mindsets and technically.So if these subjects discussions , should be deleted , it is OK.

I speak my mind , so if they want to ban me , they can.

View attachment 167060

Has it ever seemed to you that less competent traders rate their competence higher than it actually is, while more competent traders humbly rate theirs lower?

https://www.elitetrader.com/et/threads/i-win-100-of-my-trades-expectancy.303804/