more trading frauds

[southall]

Southall,

Please give me some suggestions on how you can average 20-60% yearly, and have free time. That would suite me fine I have started following you and will go back in time to read your post and see if you hint at how you trade successfully. Thanks for posting and sharing..

Probably a waste of time as i dont give any secrets away in my posts.

The way to have lots of free time in trading is not to over trade.

I mean 50 (or maybe even less) high conviction trades a year should be enough to make those kinds of returns.

I take about that many trades a year these days, when i started i was doing hundreds a year and had no free time either.

 

[volpunter]

I have not heard of any successful trader or investor who sold himself out to a tv station. I do not include the occasional interviews Buffet and Co grant. Najarian on the other hand signed a deal with CNBC.

I used to think this as well.

Most gurus who are selling cant really trade, that is true.

But an expert trader can average 20% to 60% a year with lots of spare time.

What do you fill your time with? You could get greedy and try and make even more money from trading.
But if you do that you probably going to start forcing trades and taking sub optimal trade setups.

No you probably wanna do something fun, play golf or sit on the beech or maybe do TV and radio if that is your idea of fun, as long as its not too much hard work and doesnt take away from trading then why not?

 

[dealmaker]

Though I do not have access to Najarians trading records I am pretty sure they are successful traders and same with Cramer....

 

[VPhantom]

I do not attach any value whatsoever to trading books in general, particularly trading books geared towards the retail crowd.

That goes for most "courses" and "coaching" I've seen as well; if you can't do it, teach it. The only book exception that comes to my mind is trading psychology as opposed to systems, say Trading in the Zone by Mark Douglas. Take out the 20% of poorly expressed metaphysical weirdery and the rest does a good job for rookies of explaining thinking in terms of probabilities and taking it slow.

I've also enjoyed reading some Wyckoff, timeless pure tape action (and so old it's now public domain).

 

[marketsurfer]

I have not heard of any successful trader or investor who sold himself out to a tv station. I do not include the occasional interviews Buffet and Co grant. Najarian on the other hand signed a deal with CNBC.

Cramer made a killing in the hedge fund business. surf

 

[Trader13]

To be fair to authors (and others who sell trading education), I think you need to make a distinction between books that educate with informational material versus books that claim to provide you with an edge using their distinctive techniques. I've read many good books that did a solid job of teaching me the mechanics of the markets as well as explaining traditional technical analysis. I've also read other books that touted their creative technical indicators and patterns which might have worked sometime in the past, but no longer.

Generally, people don't sell their edge. As with everything, there are exceptions. For example, Ed Thorp's classic book, Beat the Dealer. If you took the initiative to read this book when it was first published and you learned how to play Blackjack by counting cards, you might have cleaned up. But eventually casinos caught on and they took counter measures to mute this edge by increasing the number of decks played. But Thorp did sell his edge for the modest price of a common book. Go figure.

 

[MrFuture]

How about Dennis Gartman. The guy gets unbelievable on-air time on CNBC and loves every minute of it...heck he even replies "good to be seen" whenever they tell him "good to see you Dennis"...yet he clearly sucks at investing. Every ETF he has launched failed miserably, and as zerohedge often points out, his "high conviction" calls are often flipped the next day. It's funny because when I first entered in the industry and our firm used to get his newsletter every morning, I would devour that thing thinking he was a genius. The more time passes the more I realize that the only one who really gets this whole "investing thing" is Bogle when he says "just buy the damn index" LOL.

 

[BlazeTrader]

everyone knows oliver velez is a fraud , he used to run pristine trading, Recently the best pristine traders left pristine and seems like pristine is getting back to its old model of selling snake oil as they kept all the fake traders who trade on demo and never show their results

check this screenshot, turns out oliver velez owns a major stake in pristine.. no wonder