Most Important Lesson Of The Year.

Good trading advice is like advice on quitting smoking. No matter how much you show that smoking is bad, most people will still not listen. Some may quit eventually but only by the hard way. The rest will get cancer.

Everyone thinks they will become the next trading success story, but statistically that's not possible.

In trading:
Those who don't know, love to talk.
Those who truly know, don't like to tell.

On ET:
Those who don't know, love to give advice.
Those who know, don't give a damn.

This is my 277th post and will be the last one for the year.
 
Quote from pspr:

Biggest Lesson: Discovering I'm not as smart as I think I am.
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lol,,i hear you. Nothing like a 2 month streak and then a 2 week drawdown from hell to bring me back to earth.

EF
 
Completely agree with you. It seems the terrible twos last only 10-12 years, before the terrible 15s start! where you can look for friendship, and may be teach him to trade.
Until then just be a good parent.

Momo.

Quote from Redneck:

Nutmeg,


Your thoughts are always Welcome – Thank You


And one day I will accept my Son as an equal – and hopefully one day he will become my better

Yes - one day I look forward to being my Son’s friend


But not today…….



Today;

I will be a parent

I will teach him all things are possible – through hard work and good decisions

I will teach him manners, respect, humility, politeness, accountability, never to be afraid of hard work..., never to be afraid of asking questions..., how to be a man..., a father..., how to take responsibility for all his decisions and actions..., and how to be proud of his good decisions and actions....

I will teach him – no one is due anything…, except what they work and earn

Yes Sir one day I will be my Son’s friend – but not today….

===============================================================================================

NOD,

Halleluiah – There is light at the end of the tunnel….. And hopefully it ain’t a train headed my way :eek: :p

==============================================================================================

EF,

Sorry to deviate – but you did inquire about our greatest lesson this year – mine is still a work in progress Sir


RN
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Quote from Redneck:

My most important lesson


You think trading is tough – try being a parent of a teenage boy

Thank-less, end-less, and the pay sucks


They revert back to the terrible twos – in almost a man’s body


What doesn’t kill you – make you stronger – I suppose

=============================================


RN
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Currently living that dream, 14 (6'2') and 17 (6'3") I miss the days when I could physically pick them up to get my way.
 
Quote from jinxu:


On ET:
Those who don't know, love to give advice.
Those who know, don't give a damn.

This is my 277th post and will be the last one for the year.
More...

You should add:
Those who can't make money, try selling their worthless system.
 
I agree pretty much with the theme of this thread.

1. Scroll back to longer time frames
2. Trade with the trend
3. Be Unique - be able to make informed trading decisions for yourself
 
1.) Always trade, and stay in the market. (pay attention to it). It will help teach you to keep your emotions under control. ( i periodically go in the market for 2-4 months then hit a losing streak, then take a break, then come back) But each time I get back and stay in I have this emotional euphoria that impairs my judgment.

2.) When he ADX is relatively low, look out for a quick move (up or down) soon.
 
Quote from EminiCoach:

I agree pretty much with the theme of this thread.

1. Scroll back to longer time frames
2. Trade with the trend
3. Be Unique - be able to make informed trading decisions for yourself
More...


Agree on all accounts. I got to say the longer time frames for me, changed it all.

EF
 
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