Quote from TD80:
While this may be another trolling thread like the "Trading is not a Business you will all fail" thread, I at least appreciate the approach of this thread.
That said, I think the most important thing to understand in this endeavor is that unlike almost any other pursuit in life, no one who has what you want is incentivized to help improve your chances of survival or accelerate your learning curve.
Trading is like driving a car. There is no mystery and everyone helps anyone else to learn to drive. You do it every day by your example.
What is the incentive for helping others learn to drive well: everyone is better off.
Please really consider the implications of that paragraph before choosing to move forward. Consider a profession where everyone is hiding their valuable knowledge and most discoveries of significance are kept secret/proprietary as long as they work.
The principles of trading are well known and unchanging. Anyone has the opportunity to take the market's offer any time they wish. There is zero competition for taking the market's offer.
It is fun to read how a person is hiding his secrets and valuable discoveries. Try telling the SEC or IRS what you are doing that raised their ire. There is NO way these guys can understand anything much less regulate anything. Look at the track record of the financial industry; it is zilch.
Consider a profession where I am incentivized to mislead you (one way or the other) so I can take your money.
You may be misguided. Jot down a list of anything you ever did that fooled anyone and made you money
The path is very treacherous and very lonely,(Have lunch with Covel, furtively) there are certainly easier ways to make money and own a nice car.
This is a good point for the poster to take seriously. For others who can use thier minds, critically, it is like taking candy away from an ET poster
