How to be a Guru in 10 easy Steps

TheBestGuruEver · Sep 13, 2009

Yes, gurus are so matter-of-fact, as if they are 100% certain the market turned based on the indicator they look at.

The stuff they say about risk, position size, scaling in and out, entries and exits...are all weirdly random. I know one that won't exit a stop if it's traded, the stop has to be traded through. ??? a weird stop-limit with the edge when getting out i guess.

comical.

i remember when a guru actually did trade live (possible not sim, but probably sim anyhow) for 4 days after posting all these wins on this blog..

yes, he lost so much he shortened his session.

so he didn't do that again.

of course, they blame the market for being quiet.

if they are gurus, wouldn't they have known that in advance?

they live on their email...waiting for perhaps one sucker to inquire and help pay the mortgage.

they will wear all hats, "trade" all markets and explain risk in hindsight as if anyone can predict turning points. if they were good and smart, they would be managing cash. but they are not, so they sell books.

amazing.

MandelbrotSet · Sep 13, 2009

Quote from TheBestGuruEver:

Yes, gurus are so matter-of-fact, as if they are 100% certain the market turned based on the indicator they look at.

The stuff they say about risk, position size, scaling in and out, entries and exits...are all weirdly random. I know one that won't exit a stop if it's traded, the stop has to be traded through. ??? a weird stop-limit with the edge when getting out i guess.

comical.

i remember when a guru actually did trade live (possible not sim, but probably sim anyhow) for 4 days after posting all these wins on this blog..

yes, he lost so much he shortened his session.

so he didn't do that again.

of course, they blame the market for being quiet.

if they are gurus, wouldn't they have known that in advance?

they live on their email...waiting for perhaps one sucker to inquire and help pay the mortgage.

they will wear all hats, "trade" all markets and explain risk in hindsight as if anyone can predict turning points. if they were good and smart, they would be managing cash. but they are not, so they sell books.

amazing.

Wow, you've just described ProfLogic (aka Trollbuster) to a "T" ... no wonder he was on your thread today! :eek:

Good look'in out.

ET-trollbuster · Sep 13, 2009

Quote from MandelbrotSet:

Wow, you've just described ProfLogic (aka Trollbuster) to a "T" ... no wonder he was on your thread today! :eek:

Good look'in out.

little wonder you are a struggling, failed trader. don't know when to exit a losing position once you mentally marry it

ET-trollbuster · Sep 13, 2009

Quote from TheBestGuruEver:

if they are gurus, wouldn't they have known that in advance?

they will wear all hats, "trade" all markets and explain risk in hindsight as if anyone can predict turning points. amazing.

am I still drunk from last night, or did we just read two conflicting statements in your latest short-bus classroom lesson?

you expect gurus as supposed to know future market behavior in advance with one breath, but three breaths later you affirm no one can predict turning points => market behavior?

so which is it? they are supposed to know all the time or they cannot know all the time?

its obvious why you are a failed, bitter ex-trader turned hobbyist troll. you have no ability to problem solve rationally. just random, unconnected thoughts romping thru an a.d.d. addled mind

medication and therapy could help

ET-trollbuster · Sep 13, 2009

Quote from Redneck trader:

Gurus donât teach TheBestGuruEver

Heâs schooling them Sir

This thread is quite acuteâ¦.

Regards

RN

yes he/she is, Sir. sunday school is now in session, the short-bus just arrived. special ed class can now commence. topic of discussion is always about every which way to fail - direct from the expert of failure himself or herself

CLASSIC COMEDY

LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL all night long

romik · Sep 13, 2009

Most of us have tried some guru's service. I believe that all professional services have to be regulated, that would rid industries of scam artists, cowboys & all other putzes. Another stealth tax for governments. We all win! A lesson to be learnt here is that if you buy a guru's service you really need to see varified results of whatever you're being offered.

romik · Sep 13, 2009

My take on sim based navigation from a third party is that it can be perfectly fine as long as it's been mentioned clearly in guru's terms of service. When following an experienced guru who is trading on a simulator means that there is a lot less pressure on a guru & that can create a positive effect. It's like being driven by a nervous cab driver that needs to get you to an airport through NY rush hour compared to same trip performed at 5am. All I am saying is that no presure is better than its presence.

ET-trollbuster · Sep 13, 2009

Quote from TheBestGuruEver:

If I think of Guru-isms, I must post them...

If you read stuff like this, trust me, it's a red flag.

"No clear direction today, I can see a case for going long or short."

????

Sounds rational, but it's not. It's setting you up for some hindsight crap.

Or this...

"Because of the light volume, holiday, fundamental news, op ex, etc... I wouldn't trade heavy today or take the day off"

When you think about it, that comes to a significant amount of trading days.

yes, every day is equal in the market. fomc session meaningless. rollover commodity - emini futures meaningless. option expiry friday meaningless. day before xmas meaningless. afternoon before nonfarm payroll meaningless. week before labour day meaningless

trade them all the same?

HAHAHAHAHAHAHAHAHAHA

EPIC COMEDY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

dagnyt · Sep 13, 2009

Quote from OddTrader:

11. See the example below:

How in this world does your preface refer to my reply to your question? I am not a guru. I sell no methods.

You asked WHY anyone was NOT assigned early.

What kind of a question is that?

And best of all - you like to ask questions but - so far - have refused to reply to mine. So, I'll ask once more: If someone tells you he has been assigned early 6 times, what does that tell you?

Mark

Mark

dagnyt · Sep 13, 2009

Quote from OddTrader:

Furthermore, the Gurus may even call themselves somehow Managers, rather than merely Traders (aka: An inferior group of ET posters who might be wealthy but fairly incapable and uneducated). LOL.

http://www.elitetrader.com/vb/showt...574&highlight=trader+risk+manager#post1213574

http://www.elitetrader.com/vb/showthread.php?s=&postid=1211881&highlight=itm#post1211881

If you fail to recognize that the most important thing you can do - once you have opened a position - is to manage the risk of that position, then I feel sorry for you and your prospects of making money from the options markets.

The most important qualities required for long-term success as a trader is not deciding an entry point. It's risk management. It's money management.

Mark
http://blog.mdwoptions.com/Options_for_Rookies