If you want to fail as a trader, study TA

Redneck · Jul 22, 2010

Quote from macattack:

You always say it's best to learn from the mistakes of others.
From what I've seen others who try to be in every single move usually fail.

Maybe there are some out there who can do it, but the ones I've seen that are successful are very patient and only take the very best setups. When you exit a trade you aren't really exiting based on a setup which justifies going in the opposite direction.

In fact your exit will most likely leave profits on the table, as even some of the very best traders I've read about always note that they wish they could work on letting their profits run.

MAC,

FA means well but is asking you to look backâ¦. Keep looking forward and extrapolate out a bit further

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Aside

I see some real questions have been posed to TE

Unfortunately I will post something in a bit which will clarify some things â to a few folkâs chagrin

RN

Redneck · Jul 22, 2010

Quote from IchibomB:

Paging Jack Hersey...step up to the plate bud.

Walk the walk now, sir.

Didn't trade but the last 8 minutes today. Had some stuff to take care of this morning. Looks like I missed out but profit is better than nothing.

+$505 in 2 days. Not great but not bad.

Now be sure to keep the ego in check IB - market is quite capable of handing us our asses ten-fold - if we allow it...

Good Trading Always Sir...
RN

Redneck · Jul 22, 2010

Reality can be so damn surreal at times

TE gets censuredâ¦

http://www.elitetrader.com/vb/showthread.php?threadid=203549

Yet Hershey remains to spout his no stops, always in, always knows when price will reverse before it happens bullshit â which I find border line criminalâ¦

Following his path will break your accountâ¦ no sensible trader would ever support this crapâ¦ (Feel free to prove otherwise if you like)

Btw other than his mantra what exactly did hersey invent â Price?? Volume??, S&R lines??, Channels???, or just an overly complicated way of looking at the sameâ¦

The funniest of all â as of late herseys had to resort to quoting himself just to stay involvedâ¦. Seems no one would give him the time of dayâ¦

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On a different note

Obviously some found TEâs vulgarity repulsive (specifically Bolimomo) â and question his valueâ¦

Yet I see no one questioning of The Manâs post toward women â which I personally find totally repugnant, denigrating and down right disrespectfulâ¦

But hey I reckon its okay, since The Manâs comments were directed against theâ lesserâ gender of our societyâ¦. MY ASS (oops cussed, time to censure me)â¦

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Finally when I first crossed paths with RDT (retaildaytrader) I called BS on one of his LVS calls â and completely dismissed himâ¦

Yet now I find myself agreeing with him â somewhatâ¦

YOU donât like what we post IGNORE itâ¦ (as per RDTâs suggestion in the link above)â¦.

And I would addâ¦ Why not get the hell out and leave us to do our business â to bootâ¦

Yet you hypocritical dipshits wonâtâ¦. Youâll keep coming back and bitching about whatever doesnât fit in to your narrow minded view of the worldâ¦

Canât have free thought without free speech (disrespectful/ denigrating comments obviously not withstanding) but objecting to some salty language

a) Last I checked ignore remains oneâs ultimate form of content control

b) No one twisted your arm to read the cursingâ¦ And I bet no one twisted your arm to ignore the denigrating remarks eitherâ¦

c) No one asked you be the morality gauge for the rest of us

d) TE tried to promote learning how to think, mostly by not telling us what to thinkâ¦

e) Personally I must have free thought, and speach to thrive â your mileage obviously variesâ¦

And you can take this fwiw â to learn how to think â you first require an open mindâ¦ To have an open mind â you can not filter out anythingâ¦ You may not agree with itâ¦, and it may very well turn your stomach... but you damn sure can not filter any of it outâ¦

A few here got it â kudos and my sincere respect to Yâall

As for the rest â go figureâ¦

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Alrighty since it is vital a trader be specific and keep things real â allow me to summarize and see if Iâm able to be both..

MN, MAC, XX, AMP, FA are earnestly trying to learnâ¦. While IB and I remain lifelong students of the marketâ¦

Ammo apparently agrees with the no stops, 100% in, and the able to call every price turn before it happens bullshitâ¦

(Actually what I really think is; He knows the above three can never be, but doesnât want to rock the boat and take a chance on pissing off guru boy or his entourage â¦ shows such little regard for the truth imo)

Bolimomo is put off by TEâs apparent salty language â but ignores the blatant denigration of women by The Man â and/ or hersheyâs crap which is deadly to any aspiring traderâ¦

Evidently as neither supports his narrow minded agenda of what constitutes improper languageâ¦ Keep the filter Sir and the market will exploit that deficiency is a heartbeatâ¦

Hershey â well his ego is so consuming he must quote himself just to remain involved â in a thread where he is not needed or wantedâ¦

He is an intellectual idiot personified â¦ modicum of intellectâ¦ no common senseâ¦ ego maniacal behavior thrown in for good measureâ¦

TE could not care less, although he wants the folks really trying to keep at it and succeedâ¦ btw I have it on good account he was unable to log in the last he tried...

IB is making moneyâ¦ apparently to the bane of hersheys egoâ¦

As for meâ¦
I once completely discounted RDT but now agree with him â somewhatâ¦
I also believe Iâve upset the apple cart with this post â C'est la vie.

------------------------------------------------------------------------------------------------------------------------------------------------------------------

Now IMO â that is a pretty good recount of where this thread stands â sans any internal biases or filtering on my partâ¦

Should anyone care to correct me â knock yer self outâ¦

----------------------------------------------------------------------------------------------------------------------------------------------------

In conclusion Iâll addâ¦.

Since TE is apparently banned, unless he was reinstated and doesnât know it yet â Iâll not be posting any further in this threadâ¦

It is his thread..., always was, always will beâ¦

Butâ¦ as Iâm sure you and I will have the fortune of crossing paths again â best be mindful where I standâ¦

Oh and almost forgot; if I have offended you in some small wayâ¦ tough shitâ¦

Trading is only about making money

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MN

Weâve been sittin on our hands for a bit Sir â its time to exit and move onâ¦

Please feel free to create your own analysis technique and name it as you like â itâll be yours and yours aloneâ¦.

So long as you understand it â and it makes you moneyâ¦ Itâs all goodâ¦

And if any of you who are really trying want to start a thread â please doâ¦ Iâll help the best Iâm ableâ¦ and ya just never know who else may show up from out of the blueâ¦ :eek:

Guys â Trading successfully is a journey not a destination, enjoy itâ¦ learn from itâ¦ roll with the punchesâ¦ get up when you stumbleâ¦ learn to see things as they areâ¦.lean how to thinkâ¦ learn to filter out the noise while remaining open minded.. But most importantlyâ¦ Always keep your butts moving forward.

I sincerely wish each of you a successful journeyâ¦

Several of us had the opportunity to end the Obvious threadâ¦.

Iâm ending this one for my self, and my friend

RN

xburbx · Jul 22, 2010

unreal. i looked forward to this thread every day and some dumbasses get TE banned. it would have been much easier for those people to just go to another thread. really really unfortunate because it was gaining some solid momentum. it is so few and far between that good threads pop up on this forum and to have them ruined like this is stupid. thanks for the contributions RN and TE.

I think the lesson from this ban is that people need to be accountable for their own failure. people sabatoge their own path to freedom. there was no reason to start shit with TE on this thread. the same people that ruined the thread i'm sure are the same people that blame the market for THEIR failures. the same people that need to tell others it doesnt work because they can't. look in the mirror not out the window

blox87 · Jul 22, 2010

RN ,

I like your style and you have my respect along with many others I'm sure. Your words are logical, respectful , and well though out.

As far as TE, well he kinda lost it all when he said that he didn't give a fuck about anyone here one bit. I realize it's "just ET" and most people here are just here for entertainment but words have either a positive or negative effect . Someone spewing negativity their whole life will get negativity in return vice versa for positivity. Our thoughts, words , actions, and energy all have a quantum effect that the "shittalker" may not even realize. Think of words on a message board having the ability to make someones day better or make someones day worse.

I relize trading isn't for the faint of heart but this does not mean you HAVE to act like a CUNT to everyone in order to be good.

When TE dies he better be right on the whole god thing because he may die rich but from what I've read from him he will die with a very poor soul.

He predicted his fate on his first post. Funny how thoughts become reality more often than not.

"Hi All,

I had a very good thread going at T2W with the same name, a lot of hits and some good posters, but, some idiot mod called queenie, who does not even trade, decided to ban me as he is, well, as thick as an elephants rear end

I will now start again, and, I promise not to rile people here, as there are some genuine people who want to actually learn about how to read the markets correctly, and, with that I can help.

Mods, I promise not to be a bold boy here, as T2W has made a big mistake in banning The Expert, so, all I ask is do not make the same mistake as T2W"

TheMan · Jul 22, 2010

Quote from Redneck:

Reality can be so damn surreal at times

TE gets censuredâ¦

http://www.elitetrader.com/vb/showthread.php?threadid=203549

Yet Hershey remains to spout his no stops, always in, always knows when price will reverse before it happens bullshit â which I find border line criminalâ¦

Following his path will break your accountâ¦ no sensible trader would ever support this crapâ¦ (Feel free to prove otherwise if you like)

Btw other than his mantra what exactly did hersey invent â Price?? Volume??, S&R lines??, Channels???, or just an overly complicated way of looking at the sameâ¦

The funniest of all â as of late herseys had to resort to quoting himself just to stay involvedâ¦. Seems no one would give him the time of dayâ¦

----------------------------------------------------------------------------------------------------------------------------------------------------------------

On a different note

Obviously some found TEâs vulgarity repulsive (specifically Bolimomo) â and question his valueâ¦

Yet I see no one questioning of The Manâs post toward women â which I personally find totally repugnant, denigrating and down right disrespectfulâ¦

But hey I reckon its okay, since The Manâs comments were directed against theâ lesserâ gender of our societyâ¦. MY ASS (oops cussed, time to censure me)â¦

-------------------------------------------------------------------------------------------------------------------------------------------------------
Finally when I first crossed paths with RDT (retaildaytrader) I called BS on one of his LVS calls â and completely dismissed himâ¦

Yet now I find myself agreeing with him â somewhatâ¦

YOU donât like what we post IGNORE itâ¦ (as per RDTâs suggestion in the link above)â¦.

And I would addâ¦ Why not get the hell out and leave us to do our business â to bootâ¦

Yet you hypocritical dipshits wonâtâ¦. Youâll keep coming back and bitching about whatever doesnât fit in to your narrow minded view of the worldâ¦

Canât have free thought without free speech (disrespectful/ denigrating comments obviously not withstanding) but objecting to some salty language

a) Last I checked ignore remains oneâs ultimate form of content control

b) No one twisted your arm to read the cursingâ¦ And I bet no one twisted your arm to ignore the denigrating remarks eitherâ¦

c) No one asked you be the morality gauge for the rest of us

d) TE tried to promote learning how to think, mostly by not telling us what to thinkâ¦

e) Personally I must have free thought, and speach to thrive â your mileage obviously variesâ¦

And you can take this fwiw â to learn how to think â you first require an open mindâ¦ To have an open mind â you can not filter out anythingâ¦ You may not agree with itâ¦, and it may very well turn your stomach... but you damn sure can not filter any of it outâ¦

A few here got it â kudos and my sincere respect to Yâall

As for the rest â go figureâ¦

--------------------------------------------------------------------------------------------------------------------------------------------------------------

Alrighty since it is vital a trader be specific and keep things real â allow me to summarize and see if Iâm able to be both..

MN, MAC, XX, AMP, FA are earnestly trying to learnâ¦. While IB and I remain lifelong students of the marketâ¦

Ammo apparently agrees with the no stops, 100% in, and the able to call every price turn before it happens bullshitâ¦

(Actually what I really think is; He knows the above three can never be, but doesnât want to rock the boat and take a chance on pissing off guru boy or his entourage â¦ shows such little regard for the truth imo)

Bolimomo is put off by TEâs apparent salty language â but ignores the blatant denigration of women by The Man â and/ or hersheyâs crap which is deadly to any aspiring traderâ¦

Evidently as neither supports his narrow minded agenda of what constitutes improper languageâ¦ Keep the filter Sir and the market will exploit that deficiency is a heartbeatâ¦

Hershey â well his ego is so consuming he must quote himself just to remain involved â in a thread where he is not needed or wantedâ¦

He is an intellectual idiot personified â¦ modicum of intellectâ¦ no common senseâ¦ ego maniacal behavior thrown in for good measureâ¦

TE could not care less, although he wants the folks really trying to keep at it and succeedâ¦ btw I have it on good account he was unable to log in the last he tried...

IB is making moneyâ¦ apparently to the bane of hersheys egoâ¦

As for meâ¦
I once completely discounted RDT but now agree with him â somewhatâ¦
I also believe Iâve upset the apple cart with this post â C'est la vie.

------------------------------------------------------------------------------------------------------------------------------------------------------------------

Now IMO â that is a pretty good recount of where this thread stands â sans any internal biases or filtering on my partâ¦

Should anyone care to correct me â knock yer self outâ¦

----------------------------------------------------------------------------------------------------------------------------------------------------

In conclusion Iâll addâ¦.

Since TE is apparently banned, unless he was reinstated and doesnât know it yet â Iâll not be posting any further in this threadâ¦

It is his thread..., always was, always will beâ¦

Butâ¦ as Iâm sure you and I will have the fortune of crossing paths again â best be mindful where I standâ¦

Oh and almost forgot; if I have offended you in some small wayâ¦ tough shitâ¦

Trading is only about making money

------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN

Weâve been sittin on our hands for a bit Sir â its time to exit and move onâ¦

Please feel free to create your own analysis technique and name it as you like â itâll be yours and yours aloneâ¦.

So long as you understand it â and it makes you moneyâ¦ Itâs all goodâ¦

And if any of you who are really trying want to start a thread â please doâ¦ Iâll help the best Iâm ableâ¦ and ya just never know who else may show up from out of the blueâ¦ :eek:

Guys â Trading successfully is a journey not a destination, enjoy itâ¦ learn from itâ¦ roll with the punchesâ¦ get up when you stumbleâ¦ learn to see things as they areâ¦.lean how to thinkâ¦ learn to filter out the noise while remaining open minded.. But most importantlyâ¦ Always keep your butts moving forward.

I sincerely wish each of you a successful journeyâ¦

Several of us had the opportunity to end the Obvious threadâ¦.

Iâm ending this one for my self, and my friend

RN

i honestly didn't read all that

you could prob take a guess as to why

i just want to clarify since i was mentioned at least twice by name ( could be more as i didn't read the entire thing)

how did i degrade women?

by saying i make them squirt?

lol now thats some funny shit right there, it was a fucking poem for gods sake

if the ET god's want to ban me then proceed, you have my blessing

i will offer myself up for a voluntary banning. This site is full of so much BS anyway, not to mention this thread, which contains nothing at all of any value.

i feel like we should take a moment of silence for TheExpert, and pay our respects to a fellow trader that has offered so much up to the trading masses.

..................................................................................................

ok i feel so much better now.

and my comments "offended" you

i sincerely apologize. Pretty thin skin there huh?

you gotta love ET ( for entertainment that is )

TheMan will now end his post here

IchibomB · Jul 22, 2010

Thanks, sir. A reminder is always good. It was mostly a challenge to Hershey in regards to his rant.

Quote from Redneck:

Now be sure to keep the ego in check IB - market is quite capable of handing us our asses ten-fold - if we allow it...

Good Trading Always Sir...
RN

Fibbin-Archie · Jul 22, 2010

TE's got banned AGAIN!! I fuckin' told him about all that swearing!

RN, great post sir.

To all the other regulars, this thread has been a great place to kick around ideas, tap me up if TE resurfaces somewhere, or if indeed one of you wants to start a group somewhere, I thought the US Stock Daytraders PRIVATE group was going to be good but was sadly cut short in it's prime.

TE, if you're out there (knock once for yes and twice for no), thanks for a great thread, DT has my personal contact details, should you find another suitable forum...

Big thanks to all and good hunting...

L8RZ

Mysteron · Jul 23, 2010

Quote from Fibbin-Archie:

TE's got banned AGAIN!! I fuckin' told him about all that swearing!

RN, great post sir.

To all the other regulars, this thread has been a great place to kick around ideas, tap me up if TE resurfaces somewhere, or if indeed one of you wants to start a group somewhere, I thought the US Stock Daytraders PRIVATE group was going to be good but was sadly cut short in it's prime.

TE, if you're out there (knock once for yes and twice for no), thanks for a great thread, DT has my personal contact details, should you find another suitable forum...

Big thanks to all and good hunting...

L8RZ

Well I recall TE had at least one another name here for a short while (Bob) so I've no doubt that he'll be lurking in the shadows. Since reading this and other threads I've never stopped thinking, puzzling things out, looking at the markets in ways I hadn't thought of, and rejecting some conventional approaches of TA. Good luck to all of you who are pushing ahead making sense of it all. Thanks especially to RN. As for the shitheads, I expect the predictable pack mentality will now set in, with a barrage of criticism of TE.

Regards,
R

Bakinec · Jul 23, 2010

I happen to be one of those shitheads who never found value in this thread maintained by the same clown with multiple nicknames. It's sad and funny at the same time how he pulled the leg of many struggling traders here under the cover of possessing some profound secret. Thinking clearly is not the same as thinking deeply. The former would never fall for this bullshit and the latter will fall for anything.

If you want to fail as a trader, study TA

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