Is This What ET Has Become?

[OptionsOptionsOptions]

1) The rank newb who obsesses about one method, goes bust, finds new method.

1a) The rank newb who obsesses about one method, goes bust, repeats the original method.

 

[ElectricSavant]

So a manic personality is detrimental?

1a) The rank newb who obsesses about one method, goes bust, repeats the original method.

 

[destriero]

So a manic personality is detrimental?

Don't worry, you're a multiple-category fit.

 

[JSOP]

Not here often, but a quick scan of the headlines shows people unwilling to do any work. Here are but a few examples:

Here's a guy who wants scan parameters given to him. Never mind the long process of discovering which parameters might be best for you;
https://www.elitetrader.com/et/threads/stock-scans.323073/

Here a guy with "no time to waste" who simply wants someone to hand him a sure-fire recipe for trading:
https://www.elitetrader.com/et/threads/how-do-you-trade-es-nq.323084/

Here's another guy that simply wants to be told what to do, and this is one of many such threads from this poster (a guy I know tried to help him, but his advice was ignored):
https://www.elitetrader.com/et/threads/how-do-i-trade-forex-futures.323081/

And the beat goes on...

Many people have tried to genuinely help with such thoughtless inquiries; they are clearly better people than I. All I want from such posters is for them to trade and provide liquidity (become food) in my markets.

I'll add one small comment for such people. I was a futures floor trader in the 90's. I then made the long and painful switch to the screen and another market.

You know how people learned to be floor traders?
They stood there day after day after day watching, trading small, and hoping they'd figure it out before going broke. Most didn't. No one, and mean no one, helped you out unless you were lucky enough to have an established friend or work for a firm like, say, Singer-Wenger. Most had neither the friend nor the job, but yet, some still made it.

So for OPs like those above, trade very small, practice, learn, and forget the idea that anyone (except someone trying to sell you "trading education") is going to spoon-feed you. Why would any successful trader do that?

Back to your regularly-scheduled programming...

Many of them are trolls. Some really ask for help. They post details of what happened to them and exactly are the information or the help that they are looking for. Those, I do respond to provide any help I can. For those that expect to be spoon-fed with those general questions in the title of the thread like that, I feed them whatever I can give and many times I don't even read them. I can't give them too much info. anyway I won't even know where to begin cuz their questions are so general.

You give whatever you can, they ask whatever they want.

 

[traderob]

5) The dude masquerading as a woman with an avatar taken off of google images. Will spend 3 hours a day spouting Wikipedia-level garbage. There is no subject that they will not feel confident in offering a nickels worth of advice

And that one has a bunch of sycophants who think "she" is a real trader

 

[fordewind]

And that one has a bunch of sycophants who think "she" is a real trader

Who is she/he?

 

[RRY16]

There are a bunch of pathologies on any message board. This happens to be a trading site so you get various levels of experience.

1) The rank newb who obsesses about one method, goes bust, finds new method.
2) The 3rd World FX trader who’s only looking for a new 400x bucket shop.
3) The ex floor broker that never made a living wage on the floor but thinks he’s Izzy Englander.
4) The jaded 30-year grinder who laboriously posts each trade and trend line. On 4th marriage.
5) The dude masquerading as a woman with an avatar taken off of google images. Will spend 3 hours a day spouting Wikipedia-level garbage. There is no subject that they will not feel confident in offering a nickels worth of advice.
6) Jack Hershey — in a class of his own. Empirical proof that some individuals were simply born to fail.

Funny S***, Keep the ball rolling and make this a separate thread.

 

[fordewind]

Who is that dude from Wikipedia?

 

[fordewind]

no one dares to brag, that figures...

 

[CALLumbus]

I'll add one small comment for such people. I was a futures floor trader in the 90's. I then made the long and painful switch to the screen and another market.

You know how people learned to be floor traders?
They stood there day after day after day watching, trading small, and hoping they'd figure it out before going broke. Most didn't. No one, and mean no one, helped you out unless you were lucky enough to have an established friend or work for a firm like, say, Singer-Wenger. Most had neither the friend nor the job, but yet, some still made it.

So for OPs like those above, trade very small, practice, learn, and forget the idea that anyone (except someone trying to sell you "trading education") is going to spoon-feed you. Why would any successful trader do that?

Back to your regularly-scheduled programming...

I agree 100% ! Same experience here, except I was never in the pits but at the computer, but basically it was the same. Sit there every day, follow the market without any gimmicks, and sooner or later you have to figure it out.

Or with the words of Tom Baldwin:
“It's perseverance” declares Tom Baldwin who started with $25,000 and made untold millions trading upwards of $2 billion dollars a day in T-Bond futures.
"It's perseverance. You don't need any education at all to do it … because it is like any job. If you stand there long enough, you have to pick it up."