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How to work towards going full time
- Thread starter John9999
- Start date
It is difficult to know who is the real deal in an anonymous internet forum.
I can tell you are a true professional and I do learn a lot from your posts. Thank you sir.
But older folks can compensate with experience and surprisingly patience, compare to the younger traders who tend to be impatient and ended up making more mistakes.
Best regards to you.
You are right although to us mom and pop retails, the charts are like Greek (no pun intended). Thank you for reminding me.This guy included photos in his reply and showed what he says is what he does and some of you give him hard time.I don't get it
My apology to TDMA. We need more professionals like TDMA to show us what is possible.
Regards,
To all the fanboys of @TDMA , you guys really need to get a life. The posts of this individual scream of arrogance and contradictions. He isn't even saying anything remotely useful.
I certainly don't have the time to post links too all that he said, but here are just a few notes.
First of all, his chart that he posted is completely useless. Does he really expect us to believe that all the traders with access to the best software are using ichimoku charts? Is this what he credits for his success? Add on some moving averages and you're set? The buy and sell zones can be added to any chart after the fact. Perhaps some people think this was coded by the software? Might as well post a picture of himself in the living room with stacks of bills.
He talks about how he hardly works any hours and makes so much money, and then shows off 100ms charts. Which is it? Is he day trading by following every tick or just taking swing trades? He is the master of deception and its unfortunate some people on here are buying it.
All his talk about how expensive his software and his systems are prove how much of a fraud he is. He seems to be saying that unless you're spending so much money on software that you can't make it in this game. Utter bullshit.
Is he really trying to say that trading is a fight to the death? When a successful trader puts on a trade he does not know or care who is on the other side. There is no fighting involved.
Lastly, he talks so much about Monaco and all the hotels he is staying at, and its almost hard to follow that he is actually talking about trading rather than selling a time share.
All of this guys posts, if you remove the trading content, sound like a guy trying to sell you something, or like a con-artist trying to convince you of something for his gain. This isn't how successful traders talk.
Only a handful have access to the holy grail, is this what he is saying? Maybe for the right price I can have access to it too!
His continued references to software that most people can't afford shows how little he knows about trading. The little bit of trading that he does talk about, and the chart that he posts, has no value whatsoever.
Honestly, as I put this post together, I wouldn't be surprised if he is a stealth vendor trying to get people to sign up to buy some software. So many of his replies point out how his success comes down to access to very expensive software that allows him to work hardly any hours and travel the world. If this isn't a con job, I don't know what is.
I certainly don't have the time to post links too all that he said, but here are just a few notes.
First of all, his chart that he posted is completely useless. Does he really expect us to believe that all the traders with access to the best software are using ichimoku charts? Is this what he credits for his success? Add on some moving averages and you're set? The buy and sell zones can be added to any chart after the fact. Perhaps some people think this was coded by the software? Might as well post a picture of himself in the living room with stacks of bills.
He talks about how he hardly works any hours and makes so much money, and then shows off 100ms charts. Which is it? Is he day trading by following every tick or just taking swing trades? He is the master of deception and its unfortunate some people on here are buying it.
All his talk about how expensive his software and his systems are prove how much of a fraud he is. He seems to be saying that unless you're spending so much money on software that you can't make it in this game. Utter bullshit.
Is he really trying to say that trading is a fight to the death? When a successful trader puts on a trade he does not know or care who is on the other side. There is no fighting involved.
Lastly, he talks so much about Monaco and all the hotels he is staying at, and its almost hard to follow that he is actually talking about trading rather than selling a time share.
All of this guys posts, if you remove the trading content, sound like a guy trying to sell you something, or like a con-artist trying to convince you of something for his gain. This isn't how successful traders talk.
Only a handful have access to the holy grail, is this what he is saying? Maybe for the right price I can have access to it too!
His continued references to software that most people can't afford shows how little he knows about trading. The little bit of trading that he does talk about, and the chart that he posts, has no value whatsoever.
Honestly, as I put this post together, I wouldn't be surprised if he is a stealth vendor trying to get people to sign up to buy some software. So many of his replies point out how his success comes down to access to very expensive software that allows him to work hardly any hours and travel the world. If this isn't a con job, I don't know what is.
@tt.texantrader
Good to hear opposite point of view whatever the case.
TDMA said:
The world does not like people who know what they're doing, even less if you don't let them absorb your capital and experience, and heaven help you if you fight back
If you know what to do if you go to for example HF,Prop trading firm you will be taken advantage of-this is how i understood quote above.
Good to hear opposite point of view whatever the case.
TDMA said:
The world does not like people who know what they're doing, even less if you don't let them absorb your capital and experience, and heaven help you if you fight back
If you know what to do if you go to for example HF,Prop trading firm you will be taken advantage of-this is how i understood quote above.
If you will move to Monaco you will even not have enough income to pay the rent of a decent flat. You will have to make extra hours, even just to have food.
Why start a prop firm in Monaco? Just to be able to mention the word "Monaco"?
Your 15K a month approaches rather my daily average (for the days I trade) then my monthly average. But I don't live in Monaco (would never want to live there) and don't stay in Hilton hotels.
I know a few traders who worked in London. The majority had a burnout and had to stop within 2-5 years. From the rest, most were kicked out as they went over the max loss they were allowed to take, or were never consistently profitable.
I don't want and don't need to catch people that want to learn trading. And I have no fancy stories like you have, except those that I will not tell. In general those who show off have in reality nothing to offer.
I wish TDMA is the real deal because what TDMA posted I had never seen. I like to learn something new and different if possible.
Best wishes to you.
Nothing unique about using a few moving averages & Ichimoku charts - these are just generic indicators.
Seasoned traders put a great deal of their focus on their risk/trade mgmt and executing their trading plan - that has a much higher priority over the choice of entry signals. They would never mislead, or more like prey on newbies, telling them they can make them profitable in a month. They rarely if ever will mention their winners but are always honest & open about their losing periods.
“During the 10 years I traded for George Soros, I never heard him speak about a winning trade. To hear him talk, you’d think he had nothing but losers. Conversely, listening to the biggest losers, you’d think they had nothing but winners.” Victor Niederhoffer