Is It a Reversal or a Pullback?

[J_Smith]

Your troll act is pretty obvious...

So now I am troll, just because I ask some questions, and state some obvious facts!

The opp said he wanted a serious thread, and so far I appear to be the only person taking it serious, for everyone is avoiding answering my simple questions, which are very valid when it comes to trading.

J_S

 

[wrbtrader]

But why go into so much detail when it is not required!...

I've already gave you an answer in a very short message. I thought you said you read shorter messages. Therefore, please read my prior reply that when someone makes multiple different comments or questions...replies are longer in details.

 

[J_Smith]

You've actually asked two different questions and I will reply to each question in two different message posts so that each post is small to ensure you'll read both of them.

Maybe it seems that way to you, but to me it is all the same!

You can of course answer as you see fit, but no long posts please, just simple facts and bullet points will suffice.

J_S

 

[wrbtrader]

...If the text books are right, why do so many fail to make money trading!...

Tough question to answer because you failed to mention any specific book. There have been several detailed researches about why traders fail. The top 5 reasons were lack of discipline, lack of money management, trading the wrong trading instrument, abuse of leverage/margin and lack of resources.

Next time, please give a specific book example so that someone can give you more of a specific reply.

As you can see via the listed reasons...its not really trade strategy specific. The reasons why deals more with other variables in one's trading plan.

 

[wrbtrader]

...Surely there is something wrong, or are most people really that naive!...

Yes, some traders are naive. Some are stubborn. Some are confused and there are many other reasons. Therefore, there is something wrong and that's the purpose why so many traders joined trading forums. They want find out what it is that they are doing wrong even though we know others join forums just to be problematic.

 

[wrbtrader]

Maybe it seems that way to you, but to me it is all the same!

You can of course answer as you see fit, but no long posts please, just simple facts and bullet points will suffice.

J_S

Please be more helpful next time when you make general statements about books. Thus, give one book example that includes name and author. If you name several different books, please use bullet points and/or paragraphs.

As you can see now, in all my replies to you, the messages have been short and factual and not combined in one big message post to ensure your reading time here at ET is a better experience especially when its the weekend and all we want to do is have easy going readings.

Have a good weekend.

 

[J_Smith]

Tough question to answer because you failed to mention any specific book. There have been several detailed researches about why traders fail. The top 5 reasons were lack of discipline, lack of money management, trading the wrong trading instrument, abuse of leverage/margin and lack of resources.

Next time, please give a specific book example so that someone can give you more of a specific reply.

As you can see via the listed reasons...its not really trade strategy specific. The reasons why deals more with other variables in one's trading plan.

I thought it was obvious that I meant trading books in general.

We are all aware of why people fail, but my point is, if everyone knows that most fail, and most follow the text books, surely that means the textbooks are not the best way to trade!

J_S

 

[onemoreshot]

I just read the last four pages of this thread and have this thought.

 

[J_Smith]

Yes, some traders are naive. Some are stubborn. Some are confused and there are many other reasons. Therefore, there is something wrong and that's the purpose why so many traders joined trading forums. They want find out what it is that they are doing wrong even though we know others join forums just to be problematic.

If stating the obvious, appears problematic to others, then it is the others that have the problem!

I do not see anything wrong with what I have said so far, and have asked simple questions to which some people will not reply.

If anyone likes to point out where I am wrong, then please feel free.

J_S

 

[wrbtrader]

I thought it was obvious that I meant trading books in general...

There are too many different types of books on the market. Therefore, its meaningless to make general statements like such. Once again, what specific book you're talking about ?

Please give the title and author of the book and you can identify several books if you want to.