Is Trading a Team Sport?

[murray t turtle]

That's odd, I was under the impression most platforms offered Donchian channels.

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MANY do\
but IBD does not.
Good + great back hoe trends LOL. Big CAT for sure, JD green fine also
THOSE big yelloW CAT + JD green dealer$ make a mint\ drivers also,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ditchwitch[nota literal witch anymore than a bush hog has 4 feet]drivers aslo.
Nothing runs like a green deer / yellow cat\or spotted Cheattah...................................................................................................................................................................................................................

 

[MarkBrown]

yea you need brains, street savvy, programming, money and more money, equipment, patience and about 30 years all on your team ....

 

[SimpleMeLike]

When Dean Lundell transcribed Sun Tzu's teachings through is book called The Art of War for Traders and Investors, I did not at first enjoy the book. This was at the beginning of my trading journey, and I was under the impression that trading is a team sport. Regardless if it was for profit, or just to make a trader feel good about himself, many traders everywhere were helping other traders learn the business.

It was not until my 3rd reading of his book, that it dawned upon me that Sun Tzu's principles started to make sense. Everything in his treatise explains how to WIN against an opponent. I traded in cognitive dissonance unaware that those who trade the same instrument as I do, at any given time of the day may be trading against me. Therefore by default, that makes them my opponent, and not my friend.

How could I have been so slow to understand in a zero sum game only 1 can win. Sun Tzu helped me to question my values for trading. His book was a slap in the face, that if I continued to show other traders how to take my money, I would not be able to pay my mortgage.

I've no idea why it took me so long to understand that the top 1% to 5% consistently profitable traders are not showing other traders how to take their money, which is absolutely absurd.

Questions I asked my reflection in the mirror..

What's the most important value in trading?

A. Helping other traders take my money.

B. Helping myself learn to take their money.

And yet, sometimes I still give in to the temptation to help other traders who are trading the same instrument. I think I need to read the book again.

Hello mikeriley,

Where is the proof that you are qualified to help other traders trade?

The best way to help traders trade is to show off how much money you made trading. Otherwise, you are wasting your time helping traders.

The only reason you are helping traders trade is because you have NOT made +$1 million trading and paid off all your personal debt. Millionaire Traders do not show us Poor traders a damn thing on earth. I do not know any millionaire traders.

Once you have +$1million from trading and no personal debt, you can go and help, otherwise I am not sure I see the point.

And why are you reading Sun Tzu's for, he is not even a millionaire trader anyway. He is just talking bullshit. lol, you still reading trading books?? Do you really think millionaire traders read trading books, lol?

I will NEVER EVER in a million years show someone how I trade. I value peoples time. And I m not a millionaire trader, so I have no business helping traders.

Once I reach a million dollars trading, MY ONLY GOAL is to make a post on ET website of my broker statement showing the million dollars to everyone. That is all they help any traders need and my way of giving back is showing poor traders that they can be rich traders, by showing them my million $$ PnL ONLY. I will never give them tips or answers.

 

[schizo]

yea you need brains, street savvy, programming, money and more money, equipment, patience and about 30 years all on your team ....

I give +1 for street savvy. Everything else will follow once you have that. Speaking of which, people used to have high regard for being "street smart". Since when have we been dumbed down so much?

 

[schizo]

And why are you reading Sun Tzu's for, he is not even a millionaire trader anyway. He is just talking bullshit. lol, you still reading trading books?? Do you really think millionaire traders read trading books, lol?

See what I mean?

 

[SimpleMeLike]

See what I mean?

Hello schizo,

LOL, this is the book @mikeriley is learning to trade from.

Do you see how confused some traders are?

Sun Tzu, is not even a trader. Not sure I see the point in reading his books.

I never read any books on trading.

Programming skills, 1 chart, buy button and sell button is all I used. And ET forum members. That is it. Nothing more than that.

 

[SimpleMeLike]

yea you need brains, street savvy, programming, money and more money, equipment, patience and about 30 years all on your team ....

Hello MarkBrown,

Well stated. This is ALL that is needed.

 

[murray t turtle]

yea you need brains, street savvy, programming, money and more money, equipment, patience and about 30 years all on your team ....

%%
THAT works Well\wildlife management helps also.
Easy to take cat out\ Don channels \some turtle channels\helps\
big cat/big cheetah/Big lion /big Leopard; could use a .22/prefer .38 special/357 magnum/.30-06.......................................................................................................................
And look for pattern$ anywhere
some gave me some yelloW or orange Chester Cheetah Cheetos LOL/snacks,
Library loan book finally came in [1] One Up On WALL STREET/Peter Lynch \Rothchild/ 2weeks travel time \2 weeks free ride reading alloWed

 

[BAT31]

It's a highly-individualistic and highly-competitive endeavor.

 

[countryBoy641]

When Dean Lundell transcribed Sun Tzu's teachings through is book called The Art of War for Traders and Investors, I did not at first enjoy the book. This was at the beginning of my trading journey, and I was under the impression that trading is a team sport. Regardless if it was for profit, or just to make a trader feel good about himself, many traders
It was not until my 3rd reading of his book, that it dawned upon me that Sun Tzu's principles started to make sense. Everything in his treatise explains how to WIN against an opponent. I traded in cognitive dissonance unaware that those who trade the same instrument as I do, at any given time of the day may be trading against me. Therefore by default, that makes them my opponent, and not my friend.

How could I have been so slow to understand in a zero sum game only 1 can win. Sun Tzu helped me to question my values for trading. His book was a slap in the face, that if I continued to show other traders how to take my money, I would not be able to pay my mortgage.







Questions I asked my reflection in the mirror..

What's the most important value in trading?

A. Helping other traders take my money.

B. Helping myself learn to take their money.

And yet, sometimes I still give in to t.

p