Quote from nokomisjeff:
I swear, I should only discuss markets with fellow exchange members. At least the lies are for a purpose rather than for an impression.
"The whole 30 years thing is silly".
Nothing could be further from the truth. The problem I find in trading discussions is that many are apt to treat it as if it were just like anything else, and make ill considered comparisons based on this frivolous assumption.
The next thing which is apt to happen is that the newbies, because they cannot distinguish sense from nonsense, go on to spout rubbish and contradict really experienced senior market minds based on their own assumptions. These assumptions are founded on nonsense, as the vast majority are unwilling or unable to learn to think correctly.
If people behaved correctly and were respectful, they may get the answers to the questions they ask, or better yet some help in learning to ask the right questions. If people made the effort to learn to think correctly then they would know which questions were inappropriate for the asking (much like your friend asking about the edge in Euro). Unfortunately the people behave the way they always have and most likely always will, so the true experts clam up and only discuss with other senior market minds where there is no brain picking or head drilling - instead honest sensible discussion among equals in a professional manner.
As people are unlikely to change I do think it sensible that you discuss only with other professionals. The conduct of the majority makes this essential. I have only four years in this business, and am not naive enough to think that this qualifies me for anything, much less making silly arguments or trying to engage a senior market mind in market discussion. If I'm around in another twenty years that is something else, however I believe one cannot afford to lose his humility in this business. If I still remember my place in twenty years I will be doing something right.
Quote from nokomisjeff:
I could give you the profile of a successful trader, but I don't think you'd get it.
Exactly. Those who are anywhere near getting it do not need it explained as they are doing their own thinking. Those who know have already profiled losing traders to death, and have consequently understood the character required for continued success.
I would like to thank you for your comment on the other thread, that a fool has all the answers while the wise man has all the questions. That is a gem!
Very kind regards