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MGB: Journal
- Thread starter MGB
- Start date
Turok,
You remind me of the student sitting in class who can't (won't) learn the good material before him because he doesn't like the teacher. You really shouldn't be so hasty to judge the value of what others say by their appearance.
I find it also interesting that you feel compelled to weigh in on the subject matter with only your "feelings" to base your opinion. I, on the other hand, have EXPERIENCED the material first hand.
I dare say I have learned as much (if not more) from people I dislike as those I like or have no preference either way. In fact, it makes no difference to me at all. It's the knowledge I'm after, not a date.
tradeRX
You remind me of the student sitting in class who can't (won't) learn the good material before him because he doesn't like the teacher. You really shouldn't be so hasty to judge the value of what others say by their appearance.
I find it also interesting that you feel compelled to weigh in on the subject matter with only your "feelings" to base your opinion. I, on the other hand, have EXPERIENCED the material first hand.
I dare say I have learned as much (if not more) from people I dislike as those I like or have no preference either way. In fact, it makes no difference to me at all. It's the knowledge I'm after, not a date.
tradeRX
TraderRX says:
>You remind me of the student sitting
>in class who can't (won't) learn the
>good material before him because he
>doesn't like the teacher
You remind me of a street preacher screaming at the top of his lungs that if I don't follow his gospel I will burn in hell.
Perhaps he alone holds the secret to my salvation and because I walk past I will burn eternally.
Perhaps you hold the truths to trading that would take me into the big time.
I'll take my chances on both.
JB
PS: There are many sources of excellent trading knowledge. There are many superb sources of spiritual guidance. I'm quite confident that the required knowledge and experience in both areas can be gained without having to filter out pompous obnoxiousness.
>You remind me of the student sitting
>in class who can't (won't) learn the
>good material before him because he
>doesn't like the teacher
You remind me of a street preacher screaming at the top of his lungs that if I don't follow his gospel I will burn in hell.
Perhaps he alone holds the secret to my salvation and because I walk past I will burn eternally.
Perhaps you hold the truths to trading that would take me into the big time.
I'll take my chances on both.
JB
PS: There are many sources of excellent trading knowledge. There are many superb sources of spiritual guidance. I'm quite confident that the required knowledge and experience in both areas can be gained without having to filter out pompous obnoxiousness.
Turok,
Maybe your present level of knowledge and skill suits you just fine that you can afford to dismiss a "source of excellent trading knowledge", or two (or several dozen) because your delicate sensibilities were offended by a few disagreeable remarks, but *I* cannot. (Or rather...I willnot.)
I'll "listen to every Tom, Dick and TraderRX that comes along" if I can learn from them.
An amusing thought....
A fortunate thing for you Einstein was an amiable fellow.
...Or you'd still be living in the world of Newtonian physics.
tradeRX
"Genius" is not always pretty.
Maybe your present level of knowledge and skill suits you just fine that you can afford to dismiss a "source of excellent trading knowledge", or two (or several dozen) because your delicate sensibilities were offended by a few disagreeable remarks, but *I* cannot. (Or rather...I willnot.)
I'll "listen to every Tom, Dick and TraderRX that comes along" if I can learn from them.
An amusing thought....
A fortunate thing for you Einstein was an amiable fellow.
...Or you'd still be living in the world of Newtonian physics.
tradeRX
"Genius" is not always pretty.
re: TradeRX
<i>A fortunate thing for you Einstein was an amiable fellow.
...Or you'd still be living in the world of Newtonian physics.
"Genius" is not always pretty.</i>
Bad comparison. Einstein didn't throw his ego around. When he invented something that works, he told people how it works.
MGB
<i>A fortunate thing for you Einstein was an amiable fellow.
...Or you'd still be living in the world of Newtonian physics.
"Genius" is not always pretty.</i>
Bad comparison. Einstein didn't throw his ego around. When he invented something that works, he told people how it works.
MGB
MGB sorry for taking so long to reply....but have been away at the Online Trading Expo in Orange County for the last few days.
How do you go about turning a negative expectancy system into a positive expectancy system.
Well there are quite a few ways.
The best traders I know are usually right less than half the time (usually 40%) but their gains are 5 to 10 times what they lose.
This means they lose (1 times their risk) while making 10 times .
Another type of system would be a lower expectancy but higher probability. Such as a lot of daytrading systems. This can be a system that is right 70% of the time with 1-2R winners and losers that are 1 R.
The trade though so far you have deccribed is losing 30 times what your risked and making 1 times. This won't take long to bring you to the poorhouse.
Might a bring a suggestion about a book from someone who has trained me on this subject quite well.
http://www2.elitetrader.com/bo/index.cfm?action=view&B_ID=57&CatID=6
read the reviews here if you think this is some sort of promotion.
or the 56 reviews here....
http://www.amazon.com/exec/obidos/t...2/sr=2-1/ref=aps_sr_b_1_1/103-8157954-5525447
I think the majority speak for themselves on this topic.
I'm writing this because what I've been reading tells me you won't last much longer unless you change something.
rtharp
How do you go about turning a negative expectancy system into a positive expectancy system.
Well there are quite a few ways.
The best traders I know are usually right less than half the time (usually 40%) but their gains are 5 to 10 times what they lose.
This means they lose (1 times their risk) while making 10 times .
Another type of system would be a lower expectancy but higher probability. Such as a lot of daytrading systems. This can be a system that is right 70% of the time with 1-2R winners and losers that are 1 R.
The trade though so far you have deccribed is losing 30 times what your risked and making 1 times. This won't take long to bring you to the poorhouse.
Might a bring a suggestion about a book from someone who has trained me on this subject quite well.
http://www2.elitetrader.com/bo/index.cfm?action=view&B_ID=57&CatID=6
read the reviews here if you think this is some sort of promotion.
or the 56 reviews here....
http://www.amazon.com/exec/obidos/t...2/sr=2-1/ref=aps_sr_b_1_1/103-8157954-5525447
I think the majority speak for themselves on this topic.
I'm writing this because what I've been reading tells me you won't last much longer unless you change something.
rtharp