If 80% lose why you think you can make it?

onewaypockets · Sep 25, 2003

Quote from TD80:

The problem is the intelligent/book smart person doesn't like to be wrong. I struggled with being wrong for a long time in trading, the mechanics of my methodology worked *most* of the time. There were setups that were textbook that would go wrong, and I kept my risk in check but the problem was that it would destroy my confidence. My thoughts were: my ingenius methodology fails on a textbook setup, something is wrong... the market is wrong... This is where things go waaay down hill, if you ever hear yourself saying "The market is wrong", it's time to either quit this business altogether, or take some time away from the market to regroup!

This so right on. I still have to fight with myself to follow my system and take the trade. I still have to review my stats and say to myself "ok, system is right with this equity 66.3% of the time, profit factor is "x", blah, blah.

It takes a somewhat intelligent, but especially an open minded person to come up with a system. Probably better off with an automaton to trade it and shut up!

Burtakus · Sep 25, 2003

Because I can't think of a reason why I won't succeed.

Nana Trader · Sep 25, 2003

Because 5% of people are realy inteligent. So i can
still be among other 15% not so inteligent.
rest 80% people are here to make easy money.

TGregg · Sep 25, 2003

Quote from NYSEtradinglog:

So my question is why you think you can make it?

[/B]

In a nutshell, my reason is that I rock.

My IQ is 140 (as objectively tested - 138 and 142). I see things quicker and learn faster than nearly everybody I ever met. I achieved success as a computer programmer frankly without even trying.

Trading offers considerably more challenge, there is much more to sink my teeth into. This isn't easy stuff like calc (4 credits short of a math major I am) or programming - this is stuff that requires deep thought and precise control.

I see things that most folks do not. Driving is an excellent example - I can tell what other drivers are going to do before they even realize it themselves. I distinctly recall the first time I showed this to another person - she was amazed.

I also have good infrastructure. UPSes, two custom built machines, 6 19" LCDs, 2 21" CRTs, broadband, hefty capital (both for trading and for living - thank you MSFT) and a super supportive wife who makes a fair amount of money.

Oh yeah, and I've been at this game for 12 years now. So, I am perfectly comfortable strapping on armor and a shield, wielding a sword and strutting on into the arena that is our financial markets. I look forward to meeting the rest of you there.

funky · Sep 26, 2003

Quote from TGregg:

In a nutshell, my reason is that I rock.

My IQ is 140 (as objectively tested - 138 and 142). I see things quicker and learn faster than nearly everybody I ever met. I achieved success as a computer programmer frankly without even trying.

Trading offers considerably more challenge, there is much more to sink my teeth into. This isn't easy stuff like calc (4 credits short of a math major I am) or programming - this is stuff that requires deep thought and precise control.

I see things that most folks do not. Driving is an excellent example - I can tell what other drivers are going to do before they even realize it themselves. I distinctly recall the first time I showed this to another person - she was amazed.

I also have good infrastructure. UPSes, two custom built machines, 6 19" LCDs, 2 21" CRTs, broadband, hefty capital (both for trading and for living - thank you MSFT) and a super supportive wife who makes a fair amount of money.

Oh yeah, and I've been at this game for 12 years now. So, I am perfectly comfortable strapping on armor and a shield, wielding a sword and strutting on into the arena that is our financial markets. I look forward to meeting the rest of you there.

great stuff. i'll see you there!

TGregg · Sep 26, 2003

Quote from funky:

great stuff. i'll see you there!

Hey show up to T-Rex's challenge. I'm planning to be there, although I already know I ain't gonna be the star.

funky · Sep 26, 2003

Quote from TGregg:

Hey show up to T-Rex's challenge. I'm planning to be there, although I already know I ain't gonna be the star.

i'd love to amuse people, but i've got more important things to do.....can't wait to see the results.

-the funk

sle · Sep 26, 2003

Quote from TGregg:

My IQ is 140 (as objectively tested - 138 and 142). I see things quicker and learn faster than nearly everybody I ever met. I achieved success as a computer programmer frankly without even trying.

That probably means that you are hanging out with the wrong crowd. Try attending brown bag derivatives lunches at NYU - you will be in for a shock.

TGregg · Sep 26, 2003

Quote from sle:

That probably means that you are hanging out with the wrong crowd. Try attending brown bag derivatives lunches at NYU - you will be in for a shock.

Actually I don't get to hang with intelligencia anymore, sad to say. But I am pretty good friends with a few traders now.

WDGann · Sep 26, 2003

IQ test is BS...

I was drunk and bored so I took a test...

I scored 178... and I know I'm not that smart...

Anyways... "nah nah na nah nah... I'm smarter than you--- ---- nah na na nah nahhhhhh"