I think I figured out why trading can never work for so many people

sellindexvol66 · Mar 3, 2013

Quote from WoodyK:

How naive are you? People have gotten so used to free information on the internet they believe they are entitled to it. Get real!

If an entrepreneur made a pizza so much better that people would line up at his store to buy it, do you think he would freely hand over his "secret sauce recipe" to his competitor down the street? Why show that guy how to make superb dough? IF he is smart, he guards that knowledge from his competitors as best he can.

In the "markets" it's even worse. If I share with you how I've been successful since 1972 my edge would evaporate like vapor... I have a friend (who recently died of a brain tumor) who begged me for years to "share." I was tempted but never did, thankfully. Years later I learned, from one of his friends, he intended to write a friggin' book and include what I would have revealed to him to the world.

I could not agree with you more. Its nice the chat with other traders on superfluous parts of trading...but anyone who is truly profitable does NOT put out their strats et al ...same as why the pizza guy who makes the best pizza keeps his recipe highly guarded.

actionzip54 · Mar 3, 2013

Quote from Halal Burger:

Couldn't find the exact interview but the boss of Geneva Trading (http://www.geneva-trading.com/) once said that if you couldn't trade for break even after 3 months then you'd probably never make it.

Have to agree.

Lol ya right. So like more than half of the market wizards would have never been able to trade. Give me a break. It takes some people longer than others. That is literally one of the stupidest things I've ever heard.

riskaddict · Mar 3, 2013

Quote from eurusdzn:

I have a question on my mind for those such as Woodyk, NoDoji
and other day traders.
If you have identified a higher or highest expectancy setup
that happens at lower frequency why not watch multiple markets
CL,ES,EUR,JPY,ZN simultaneously ?
I understand that that would be a lot easier to do with one hour bars as opposed to one minute
bars but even so... if the
setups are mechanical and qualatative opinion should not be injected why is that most traders,
( seemingly to me based on ET threads), watch only one market?
Mind you, I cant/dont do this but I wonder why others do not.
The CL and ES specific threads stand out as example of this.
Thanks.

This is exactly what turbo boosted my progress. But like you said I rarely look at anything less then an hour. From a mental standpoint this makes getting over a loss much easier because once you open your eyes the opportunities really do seem limitless. On the down side you have to block out you correlation biases and just trade what you see. Just because two things are supposed to have a certain relationship doesn't mean they do every hour of every day.

DB_sezwhat · Mar 3, 2013

Quote from jack hershey:

I like the way it went right past the OP.

How thick does a 20ma have to be to get in the way of space, shapes or movement? A half inch might do it.

Very Funny Jack!!! It's too bad that Bundlemaker, the Jackson White couldn't figure you out...

riskaddict · Mar 3, 2013

Quote from Visaria:

That's v good of him

Btw, wtf is geneva trading?

If I didn't have a family I would be all over this. http://www.pcrecruiter.net/pcrbin/r... rMcUaxMzMhr+u07ZvF3O+rzAlUbj3eGHvL3m2kyYtTa7

WoodyK · Mar 3, 2013

Quote from marketsurfer:

Great tale, Woody. Post some photos of you trading on the boat. Very cool! Thanks. Surf

This is off topic...

I realized after I posted that I will be in London on Easter not France. (I will probably attempt to meet some people there then). I'll be taking weekend trip to go to F1 race in Monaco in May and will check out boat slips in south of France.

My plan is to return briefly to West coast to tie up loose ends and then return to Nice. I am going to trade from Europe for an extended period of time in order to trade T-Bonds. At my age, 3-4 weeks is moving quickly.

Since Ft Lauderdale is the capital for large boats (and I will know more about having a large yacht in the Med) I may stop in FL with the purpose of buying there if advantageous and practical. You only live once you know.

And yes, I will take copious pictures when I return. I doubt I will be able to name the boat "Customer's Yacht" since it would no doubt be taken, but I'll make a banner to drape over the stern.

Woody

WoodyK · Mar 3, 2013

Quote from NoDoji:

I don't "need" to, but I've devised particular methods of trading that make good utility of the 1min chart.

I'm not sharing ALL my trading secrets

I'm done with my day's work (analyzed a new potential setup) and wish everyone a fantastic rest of their weekend and a profitable week of trading ahead!

You have been very generous with your advice to the OP. Hopefully he appreciates your efforts. Undoubtedly he is hoping for a kernel of knowledge to take advantage.

Daring · Mar 3, 2013

Quote from NoDoji:

I don't "need" to, but I've devised particular methods of trading that make good utility of the 1min chart.

I'm not sharing ALL my trading secrets

I'm done with my day's work (analyzed a new potential setup) and wish everyone a fantastic rest of their weekend and a profitable week of trading ahead!

And yet you continue to struggle to increase size over a certain point not related to liquidity issues.

Where's your faith in your studies, backtests, etc?

BlueTurtle · Mar 3, 2013

Quote from NoDoji:

I don't "need" to, but I've devised particular methods of trading that make good utility of the 1min chart.

I'm not sharing ALL my trading secrets

I'm done with my day's work (analyzed a new potential setup) and wish everyone a fantastic rest of their weekend and a profitable week of trading ahead!
-----------------------------------------------------------------------------

I know people who sell online trading educational products to clowns, and they all tell me "I'm not sharing ALL my trading secrets."

LOL

so. 1. you are not telling us really how to trade, only mostly.

2. when we fail using your method, you can think "haha. if only you knew everything."

3. If you do sell products, I hope the customers are happy knowing they get the B-level of information.

4. I sell books and ALWAYS keep the best stuff hidden for myself.

Now buy my book!!!!

I host online seminars every Wednesday for $300.

you will get 80% of my best stuff.

but the 20% that makes me millions....I cannot share!!!!

Daring · Mar 3, 2013

Quote from BlueTurtle:

Quote from NoDoji:

I don't "need" to, but I've devised particular methods of trading that make good utility of the 1min chart.

I'm not sharing ALL my trading secrets

I'm done with my day's work (analyzed a new potential setup) and wish everyone a fantastic rest of their weekend and a profitable week of trading ahead!
-----------------------------------------------------------------------------

I know people who sell online trading educational products to clowns, and they all tell me "I'm not sharing ALL my trading secrets."

LOL

so. 1. you are not telling us really how to trade, only mostly.

2. when we fail using your method, you can think "haha. if only you knew everything."

3. If you do sell products, I hope the customers are happy knowing they get the B-level of information.

4. I sell books and ALWAYS keep the best stuff hidden for myself.

Now buy my book!!!!

I host online seminars every Wednesday for $300.

you will get 80% of my best stuff.

but the 20% that makes me millions....I cannot share!!!!

At least she is sharing a great deal of what she knows in order to do some good. She's not a vendor either, what's wrong with you?