Who really cares is true, it's not fun to debate on here anymore. At the same time people just seem to over complicate and add factors in and/or over state the intelligence level needed to consistently pull money out of the markets. I mean OK if you're trading tens of millions or hundred of million dollar portfolio and managing a hedge fund or something, than having deeper over all knowledge and adding complexity can obviously help due to taking a position can move the market. But for the average joe trading on here, my statement is correct. Anyone trading low to even medium sized volume, particularly on equity futures doesn't have to make things so complicated or need an IQ even above 100 to pull money out of the markets. You can still make incredibly money relative to other jobs, trading even 2-3 NQ contracts.
If you had to start over...
- Thread starter David's faith
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Who really cares is true, it's not fun to debate on here anymore. At the same time people just seem to over complicate and add factors in and/or over state the intelligence level needed to consistently pull money out of the markets. I mean OK if you're trading tens of millions or hundred of million dollar portfolio and managing a hedge fund or something, than having deeper over all knowledge and adding complexity can obviously help due to taking a position can move the market. But for the average joe trading on here, my statement is correct. Anyone trading low to even medium sized volume, particularly on equity futures doesn't have to make things so complicated or need an IQ even above 100 to pull money out of the markets. You can still make incredibly money relative to other jobs, trading even 2-3 NQ contracts.
Tell that to Kevin Davey.....he is big into FORWARD testing. Although forward testing is now somewhat passe with the advent of EMicro contracts. No need for forward testing. Got an idea ? Test it REALTIME with the micros.
Good Morning Concinnity,
I agree 100% on the red part.
I have honestly noticed over the last 1-2 years the members on this ET website really makes day trading very complicated and its very difficulty holding a quality conversation with traders or members.
No-one wants to keep things simple anymore.
I have noticed traders on here with one brain and two arms talking about far fetched trading styles/things, risk management, mental, psychology, and on and on and on. Just complicating their life.
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Sometimes it’s missing the forest for the trees. Sounds like you are observing non-liquid instruments or low-volume periods of markets.
Separate volume periods like-to-like from birds eye. Depending on how one defines it; one could class 3 major injections of liquidity in a trading day. Attempting to average volume over a 24hr period would glance over this reality.
I am asking because we have a newcomer ...
Depends.
What is the source of your 'newcomer'?
What is your purpose in this training endeavor?
Family? The street? A school? A walk-in?
As a favor?
To employ them?
To find the best performer for the position?
%%
TELL him or her nothing is random\
that's why we lost so much the first year= FAAAAAAAR worse than random, far worse than average.\LOL x 365.
The Trendstat writer compared a picture of a green bean sprout to a green redwood seedling/LOL
NEVER confuse a redwood seedling to the forest, or the forest for the tree as Sprout noted
i would've skipped forex altogether
Can't speak for others but took me effing ages because of ego. My advice is to question everything, ask and learn till you get what you need, but until then, just because you know not to lob a 100:1 leveraged trade with a 1 pip stop doesn't mean you know jack shit in the scheme of things. I say this because I reckon I could have saved years by just asking the right questions but I was too up my own ass to do so.
What happened Hilmy? And what did you end up trading?
i trade futures (index). just fits my style more than otc market garbage