Is this an answer of all pros to a rookies of any kind?

[lojze]

In general all pros trade futures. On the other hand in general all rookies try to catch a winning stock of the day.

Is this actually a reason why pros make consistent profits and why rookiers always stuggle, even if they know TA in detail?


Lojze

 

[StockApprentice]

Um... nope. There are plenty of pros in both areas... as well as rookies.

But I think that you may be correct about rookies always trying to "catch the winning stock of the day" Pros learn how specific stocks trade...but there are exceptions.

 

[oddiduro]

Quote from lojze:

In general all pros trade futures. On the other hand in general all rookies try to catch a winning stock of the day.

Is this actually a reason why pros make consistent profits and why rookiers always stuggle, even if they know TA in detail?


Lojze

Nah, rookies eyes get too big and they take profits too fast.
A violent market day will make them stray from their strategy.
They change their stategy every time they take a loss.

 

[bungrider]

Quote from oddiduro:



They change their stategy every time they take a loss.

so true...that is, if they even have a strategy in the first place...

 

[lindq]

Quote from lojze:

In general all pros trade futures. On the other hand in general all rookies try to catch a winning stock of the day.
Lojze

This is, without a doubt, the dumbest comment I have read on this site, anywhere.

 

[AAAintheBeltway]

I would put a little different spin on it. I think rookies maybe tend to focus too much on the details and not have a grasp of the big picture.

 

[traderkay]

thing with TA is, just because you "know it", doesn't mean you can APPLY it profitably.

 

[bungrider]

Quote from traderkay:

thing with TA is, just because you "know it", doesn't mean you can APPLY it profitably.

yep, all it does is ending up stopping out most newbies...

 

[Dr. Zhivodka]

Quote from lojze:

In general .......
Lojze

Good thing you were just generally speaking, otherwise you would have looked like an ASS.

 

[iceman1]

Quote from lojze:

In general all pros trade futures. On the other hand in general all rookies try to catch a winning stock of the day.

Is this actually a reason why pros make consistent profits and why rookiers always stuggle, even if they know TA in detail?


Lojze

Brother lojze... where did you get the inference that all pros trade futures?

Ice