Have you used dbphoenix's teachings to become a successful trader?
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Depends. As Bill Williams said, "If you really are interested in getting enlightened, one way would be to go off to Tibet, crawl in a cave, and sit there meditating for thirty years. Another equally good way – but much, much faster – is to trade the S&P . . . "
Trading can be an excellent way of resolving some psychological issues, particularly those issues that were acquired as a result of trading failures. But it takes an unusual person to do it alone.
If it matters to you all that much, I can answer the question for you: one, at least one that I know of.
Obviously there are a lot of students, but few succeed.
Very true. But very few succeed in forex. Or commodities. Or stocks. Or options. With or without indicators. Which is why nearly all traders are looking for somebody to follow and copy.
There is one journalist who shall be anonymous who is typical of the sort of "trader" one finds on message boards. He's doing it for fun. He has no interest in developing a thoroughly-tested and consistently-profitable trading plan, and when he runs out of money, he'll quit. Said so, flat out.
I get thank-you emails all the time, but I have no idea how these people are doing beyond what they tell me. I only know of one that got it in six months because I followed him through the process. Others got it but took much longer.
But keep trying. I know how desperately you want to make me look stupid.
I am glad to see one standing tall very proudly!!!
Thank you for your success.
well if by success u mean accepting life for what it is , with all its love and beauty,, with personal struggles like fear,anger,greed,hopes,dreams, "trying to fit in",but let it go nevertheless, ie acceptance , self aware , awareness without judging.. then yes iam successfull
TY
We finally agree on something. As far your last remark, my point of view is that achieving success as a trader requires to travel a long, hard road. Most people are better off pursuing other activities. That's it , no more, no less.
You're making DB's point for him: retail trading isn't about capturing some holy grail gains to impress fund investors, but to achieve a daily grind which is consistently profitable. Big difference.
You should make a distinction between the uneducated and the lazy. The "uneducated" may not necessarily have the "limited abilities" as you seem to imply, and I've seen plenty of graduates unable to formulate a coherent thought or at least spell worth a damn.
Skipping college isn't necessarily for lack of ability nor motivation.As an example, all I have to show for myself formally is a high school diploma. (There was no time to wait for a degree in I.T. where I was at the time, money was everywhere for the picking.) Nevertheless, I apply the scientific method in my endeavors and I don't mind studying and experimenting with a concept for months/years as needed for mastery. There's a big difference between the lazy looking to grow $1000 into $1M without work, and the aspiring professional willing to put in the hours. When I was 20 while others went clubbing, I studied; just not in a classroom.
Yup, and IMHO he's just taking Wyckoff one step further. I really like how well they fit together.